Huttons Asia has announced the launch of Balestier Centre for collective sale at a guide price of $180m. The freehold mixed-use development, located at 560-568 Balestier Road, offers a land rate of approximately $1,495 per square foot per plot ratio (psf ppr), with no land betterment charge required for redevelopment.
The site spans approximately 40,133 square feet and is zoned for “Commercial & Residential” use under the Master Plan, allowing a maximum gross floor area of about 120,400 square feet. The existing development includes commercial units on the ground floor and 20 residential flats above, with a built-up area of around 47,400 square feet.
Stephen Tan, Senior Group District Director of Huttons Asia, highlighted the site’s potential: “Balestier Centre is a rare freehold mixed-use redevelopment opportunity in the established city-fringe locale of Balestier, anchored by an exceptional 81-metre frontage along the main road.”
The proposed redevelopment, subject to Urban Redevelopment Authority approval, envisions a 14-storey mixed-use landmark with commercial and residential facilities. The site benefits from its proximity to amenities such as Shaw Plaza, Zhongshan Mall, and HealthCity Novena, as well as excellent connectivity via multiple MRT stations and expressways.
The public tender for Balestier Centre’s collective sale closes on 28 July 2026 at 3:00 p.m. This sale presents a significant opportunity for developers seeking a well-located freehold plot in Singapore’s city fringe.
