HomeRentCondo Whole Unit1RMD12 - Balestier / Toa PayohThe Tier1 Bed Condo for Rent in The Tier

1 Bed Condo for Rent in The Tier

28 Pegu Road 328373, Balestier, Central Region, Singapore

$3,200 /month

Added 4 months ago
Beds: 1Baths: 1Area: 495 sqft
Market Price· Fairly priced
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Property Details

Property IDYw59uWo82tNWLejMiAt3iB
PriceS$3,200
Property TypeCondo Whole Unit
StatusFor rent
Beds1
Baths1
Built Area495 sqft
PSF
S$7
Year Built2013
Furnished StatusFully furnished

Description

Development Information

District & Area

D12 - Novena

Nearest MRT

Novena MRT

Tenure

Freehold

TOP Date

1 January 2013

Project Size

Small (48 units)

48 units

Building Structure

1 Block

Developer

Kaiwatt Development Pte. Ltd.

Unit Configuration
Bedroom Types1, 2 Bedroom
Floor Plan Details

The Tier has a total of 48 units, from to units. There are 8 types of floor plans from to .

Site Plan

The Tier has 1 block and up to 0 storey.

Development Facilities
BBQGymJacuzziParkingSecuritySwimming Pool
About This Development

The Tier is a freehold Condo Apartment located in Novena, District 12. Completed in 2013, it has a total of 1 blocks within the development and comprises a total of 48 units. It is within walking distance to MRT stations such as Novena MRT and Novena MRT, which provide residents easy access to other areas of Singapore. For young couples or families with children, The Tier is also close to schools like Yorick - Pro Tennis Coaching & Lessons, Mindful Learning & Enrichment @ zanoziwa and The Math Studio. If you're wondering about what you can do around the area, residents can head to nearby supermarkets like I-Tec Supermart Pte Ltd and Kwong Chai Medical Hall for groceries and household products. Never worry about your health emergencies or regular health checkups with access to nearby clinics such as Gamma Knife Centre. Singpost Post Box is the nearest post office where you can get your postal services done. For your leisure and entertainment, head down to the local park - Whampoa Park Connector, to enjoy some fresh air.

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Features & Amenities
Balcony
Bomb shelter
Gym
Security
Bbq
Jacuzzi
Swimming pool
Parking

Location

28 Pegu Road 328373, Balestier, Central Region, Singapore

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Total Transactions

15

Average Price

S822K

Total Value

S12.3M

Sales Timeline

Property Value Estimate

Estimated sale value based on 10 URA transactions · 3 outliers removed (IQR)

Fair Value

S$759,413

S$1,534 psf

Asking Price

S$3,200

S$7 psf

Listing Type

Rental

Sale value shown for reference

vs Last Done

Not applicable

Cannot compare rent to sale psf

Tenure

Freehold

No lease decay

Confidence

High

10 comps

High = 10+ comps
Medium = 5–9 comps
Low = <5 comps

Nearest MRT

Novena

844m away · +1% premium

URA PSF Trendline vs Listing Price

Hedonic Adjustment Breakdown

Base URA PSF

10 comparable transactions

S$1,519

Floor Premium

0.5% per floor vs median

+0.0%

Tenure Decay

Bala's curve (99yr leasehold)

×1.000

MRT Proximity

Within 500m / 1km

+1%

AI Condition Premium

HELIOS scan of listing description

0%

Adjusted Fair Value PSF

S$1,534

Recent Comparable Transactions

10 shown · 10 total
Last Done

PEGU ROAD

May 2025 · Floor 11-15

S$1,515 psf

-1.2% vs FV

495 sqftS$750,000Freehold

PEGU ROAD

May 2025 · Floor 11-15

S$1,515 psf

-1.2% vs FV

495 sqftS$750,000Freehold

PEGU ROAD

Feb 2025 · Floor 11-15

S$1,548 psf

+0.9% vs FV

549 sqftS$850,000Freehold

PEGU ROAD

Sep 2024 · Floor 11-15

S$1,479 psf

-3.6% vs FV

549 sqftS$812,088Freehold

PEGU ROAD

Mar 2023 · Floor 11-15

S$1,515 psf

-1.2% vs FV

495 sqftS$750,000Freehold

PEGU ROAD

Sep 2022 · Floor 01-05

S$1,538 psf

+0.3% vs FV

538 sqftS$828,000Freehold

PEGU ROAD

Jun 2022 · Floor 06-10

S$1,538 psf

+0.3% vs FV

538 sqftS$828,000Freehold

PEGU ROAD

Apr 2022 · Floor 06-10

S$1,538 psf

+0.3% vs FV

538 sqftS$828,000Freehold

PEGU ROAD

Sep 2021 · Floor 11-15

S$1,482 psf

-3.4% vs FV

549 sqftS$813,800Freehold

PEGU ROAD

Sep 2021 · Floor 06-10

S$1,524 psf

-0.7% vs FV

538 sqftS$820,000Freehold

PEGU ROAD

Jun 2021 · Floor 06-10

S$1,514 psf

-1.3% vs FV

538 sqftS$815,000Freehold
Below Fair Value
Above Fair Value
FV: S$1,534 psf

HELIOS AI Analysis

Based on 10 URA transactions (3 outliers removed), adjusted for: MRT Novena 844m away (+1%)

⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.

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