Commercial unit at Balestier Point on sale for $10 mil

For sale: Courtyard View along Upper Thomson RoadFreehold Balestier Road shophouse on sale near Novena MRTUp for sale via auction is a freehold retail unit located on the second floor of Balestier Point in District 12. Spanning a floor area of 4,898 sq ft, the property will be put up for sale by SRI on Nov 23 at an asking price of $10 million ($2,042 psf), marking the first time it has been put up for auction.

It is also conveniently located close to the Jurong Lake MRT station. Residents can also benefit from a range of amenities such as shopping malls, restaurants, parks, and more. Additionally, the development is near to the Jurong lakeside Garden, providing tranquil and serene environment. With its excellent location, Jurong Lake Condo is one of the best residential developments in the area. The development offers a wide range of facilities and amenities to make living here comfortable and convenient. These include a gym, yoga centre, swimming pool, tennis courts, and much more. Plus, it is only a short distance away from the city centre, making it easy to access several places of interest.

The owner of the property had bought the unit back in April 2013 for $4.9 million ($1,000 psf) and has been occupying it ever since. EdgeProp’s LandLens tool reveals that Balestier Point is situated in the proximity of Novena MRT Station, Farrer Park MRT Station, and Boon Keng MRT Station, as well as numerous healthcare facilities, the CBD district, and F&B offerings at Whampoa Makan Place on Whampoa Drive, Balestier Market Food Court on Balestier Road, and Pek Kio Market and Food Centre on Cambridge Road.

Based on caveats lodged, the last retail unit sale at Balestier Point was in November 2019, where a unit of 183 sq ft changed hands for $408,000 ($2,230 psf). The September sale of the year involved a 5,608 sq ft unit that fetched for $10.08 million, or $1,926