Balestier Centre

Balestier Centre has been launched for collective sale with a guide price of $180 million, with Huttons Asia acting as the exclusive marketing agent.  That price works out to a land rate of approximately $1,495 psf ppr, with no land betterment charge payable to redevelop the site to its maximum permissible plot ratio of 3.0  — since the existing development baseline already reflects a plot ratio of 3.0, meaning a buyer can intensify the site to its full potential without an LBC bill.  That’s a meaningful cost advantage versus many other en bloc sites, where developers must budget separately for LBC on top of the land price.

At the maximum plot ratio, the site permits a maximum permissible gross floor area (GFA) of approximately 120,400 sq ft. 

The Balestier precinct itself is seen as being in the middle of a revival, anchored by the revitalised Shaw Plaza with its 11-screen cineplex, Zhongshan Mall, and the expanding HealthCity Novena medical hub