Balestier Centre
Collective Sale
Rare Freehold Mixed-Use En Bloc Opportunity along Balestier Road – City Fringe, Singapore
Land Size
40,133 sq ft
Road Frontage
~81m
Guide Price
S$180M
Tender Closes
28 Jul 2026
Land Size
40,133 sq ft
Road Frontage
~81m
Guide Price
$180M
Tender Closes
28 Jul 2026
Public Tender Closing: 28 July 2026 at 3:00 PM · Exclusive Marketing Agent: Huttons Asia
Freehold Balestier Centre En Bloc Sale
Balestier Centre at 560–568 Balestier Road is a rare freehold mixed-use development offered for collective sale at a guide price of S$180 million. This marks the first collective sale attempt by the owners, with over 86.66% consent by share value already secured well above the statutory 80% threshold.
Occupying a regular-shaped site of approximately 40,133 sq ft with a commanding 81-metre frontage along Balestier Road, the property is zoned “Commercial & Residential” under the URA Master Plan with a gross plot ratio of 3.0, allowing a maximum permissible GFA of approximately 120,400 sq ft.
Critically, no land betterment charge is payable the existing development baseline already reflects the full 3.0 plot ratio, meaning a developer can build to maximum intensity from day one. Preliminary URA guidelines suggest redevelopment into a 14-storey mixed-use landmark with a commercial podium at street level and residential apartments above.
WHY BALESTIER CENTRE IS A
Rare Opportunity
One of the few 999-year freehold mixed-use sites available in District 12, with high redevelopment potential.
The site has no land betterment charge, allowing greater redevelopment efficiency and planning flexibility.
Potential to redevelop into a 14-storey mixed-use landmark with retail/commercial podium levels and residential units above.
The collective sale is backed by strong owner support, helping to minimise execution risk for interested developers.
Minutes to Novena, Toa Payoh, Caldecott, Boon Keng and Potong Pasir MRT stations, with access to major expressways.
Redevelopment Potential
What Can Be Built Here
Under URA preliminary planning guidelines, Balestier Centre can be redeveloped into a 14-storey mixed-use landmark. The proposed scheme features a commercial podium of up to five storeys fronting Balestier Road, a communal landscaped terrace at Level 6, and an eight-storey residential block above supported by an 8m-high transfer structure.
With a gross plot ratio of 3.0 and no land betterment charge payable, the site’s existing development baseline already reflects the maximum permitted intensity. A developer can build to full capacity from day one a significant advantage.
The surrounding Balestier precinct is undergoing active rejuvenation, anchored by the revamped Shaw Plaza, Zhongshan Mall, and the expanding HealthCity Novena medical hub. The site sits 5–10 minutes by car from Orchard Road and is served by five MRT stations across two lines.
"A future development here would benefit from the precinct's ongoing transformation, established amenities and excellent connectivity."
MARK YIP, CEO — HUTTONS ASIA · EDGEPROP, 28 JUN 2026
14
STOREYS
Potential mixed-use redevelopment
120,400
SQ FT (APPROX.)
Gross floor area
(GFA)
$1,495
PSF PPR
Indicative land rate
(to be confirmed)
Media Coverage
The Balestier Centre collective sale has been featured by Singapore’s leading property and financial publications, affirming the significance of this en bloc opportunity.
Media Coverage
The Balestier Centre collective sale has been featured by Singapore’s leading property and financial publications, affirming the significance of this en bloc opportunity.
Enquire About This Property
For enquiries about this collective sale, investment details, or to discuss the redevelopment potential, reach out to our team directly. We welcome developer enquiries, institutional investors, and serious buyers.
