Balestier Centre En Bloc Sale 2026 – Launched at S$180 million

Rare Freehold Mixed Use Redevelopment Opportunity in District 12 Draws Attention from Developers

Singapore’s collective sale market continues to gather momentum with the launch of Balestier Centre for collective sale at a guide price of S$180 million.

Located at 560 to 568 Balestier Road, the freehold mixed-use development presents one of the few redevelopment opportunities in the city fringe, attracting interest from developers seeking a well-connected site with strong long term growth potential.

Marketed exclusively by Huttons Asia, the site combines a strategic location, freehold tenure, and redevelopment flexibility, making it a standout offering in today’s competitive property landscape.

Balestier Centre Redevelopment Opportunity

Balestier Centre Rare Freehold Mixed Use Redevelopment Opportunity

Balestier Centre occupies a regular shaped site of approximately 40,133 square feet and is zoned for commercial and residential use under the Urban Redevelopment Authority Master Plan.

With a maximum permissible gross floor area of about 120,400 square feet, the guide price translates to around S$1,495 per square foot per plot ratio.

One of the key attractions for developers is that no land betterment charge is payable, allowing redevelopment to proceed to the site’s maximum allowable gross floor area, subject to planning approval.

This enhances the overall investment appeal and may improve project feasibility.

Proposed Redevelopment Plans

Preliminary planning guidelines indicate the enbloc site could potentially be transformed into a modern 14 storey mixed-use development.

✨ Proposed redevelopment features include:

✨ A two storey commercial podium fronting Balestier Road

✨ Additional commercial space at the rear

✨ Residential facilities on the sixth floor roof terrace

✨ An eight storey residential tower above

✨ Two level basement car park

The proposed scheme could deliver approximately 100 residential units alongside 34 strata commercial units, creating a vibrant mixed-use destination that serves both residents and businesses.

Prime Location Near Novena and the City Centre

The Balestier precinct has evolved into one of Singapore’s most established city fringe neighbourhoods.

Situated only around four kilometres from Orchard Road and the Central Business District, the location provides residents and businesses with excellent accessibility while retaining the character of a mature estate.

The surrounding area continues to benefit from ongoing rejuvenation, including the expansion of HealthCity Novena, improvements to Shaw Plaza, and popular lifestyle destinations such as Zhongshan Mall and Whampoa Hawker Centre.

These developments continue to strengthen Balestier’s appeal for both homeowners and investors.

Excellent Transport Connectivity

Connectivity remains one of Balestier Centre’s strongest advantages.

🚆 Nearby MRT stations include:

🚆 Novena MRT Station

🚆 Toa Payoh MRT Station

🚆 Caldecott MRT Interchange

🚆 Boon Keng MRT Station

🚆 Farrer Park MRT Station

Motorists also enjoy convenient access to the Central Expressway and Pan Island Expressway, allowing quick travel to many parts of Singapore.

This level of accessibility enhances the attractiveness of future residential and commercial developments on the site.

Strong Appeal for Developers

Beyond its freehold status, Balestier Centre offers several characteristics that are increasingly difficult to find in Singapore’s redevelopment market.

⭐ Freehold land tenure

⭐ Established District 12 location

⭐ Mixed commercial and residential zoning

⭐ Approximately 81 metre frontage along Balestier Road

⭐ No land betterment charge

⭐ Strong redevelopment flexibility

Combined with continued transformation in the Novena medical and commercial hub, these qualities position the en bloc site as an attractive opportunity for developers looking to create a modern mixed-use project in a highly sought after city fringe location.

The public tender for Balestier Centre will close at 3 pm on 28 July, with industry observers expected to watch closely for developer interest in this rare freehold offering.