High-Yield Freehold 2-Bedroom For Sale Now At Okio Residences Okio Residences D12 Balestier Road is in the central district, close to the city centre. In the past, the Hokkiens fondly referred to Balestier Road as ‘Okio’, which means ‘Black Bridge’. Okio Residences is the bridge that connects the charming past with the present and the future. - 2 Bedrooms + Boomshelter - 592sqft / 55sqm - Freehold - Functional Layout - High Floor - Tenanted till Nov 2026 - Low maintenant fee - Door Face South, Living Face North - City View Why Choose Okio? 1. Rare Freehold Advantage in District 12 – Long-term value retention in a rapidly modernising Balestier corridor. 2. Prime Location with Strong Connectivity – Easy access to Novena medical hub and Orchard shopping belt, ensuring steady rental demand. 3. Investor-Friendly with Immediate Returns – Ready rental income stream from a sought-after address. 4. Smart, Airy Layouts – Full cross-ventilation and daylight in every room, creating healthier, more comfortable living spaces. 5. Balanced Lifestyle & Investment Choice – A well-positioned development appealing to both homebuyers and investors. Transportation & Amenities - Direct access to Boon Keng MRT (NE9) linking to Dhoby Ghaut, HarbourFront, and Serangoon via the North East Line. - Bus Links with multiple routes along Balestier Road connect residents to Novena, Toa Payoh, Bugis, and the CBD. - Quick access to the CTE ensures efficient travel to Orchard, Raffles Place, and the southern waterfront. - Surrounded by Whampoa Makan Place, Shaw Plaza, Balestier Plaza, Balestier Food Centre, Boon Tong Kee & etc. Nearby Schools - Northlight School – 0.44 km - Hong Wen School – 0.51 km - Bendemeer Secondary School – 0.91 km - Brainfit School House Pte. Ltd. – 0.92 km - St. Joseph's Institution Junior – 0.98 km
D12 - Novena
Boon Keng MRT
5 March 2015
Small (104 units)
104 units
1 Block
Not available
Okio has a total of 104 units, from 1 Bed - 1 Bath to 2 Bed - 2 Bath units. There are 10 types of floor plans from 420 sqft to 1,098 sqft.
Okio has 1 block and up to 0 storey.
Okio is a freehold Condo Apartment located in Novena, District 12. Completed in 2015, it has a total of 1 blocks within the development and comprises a total of 104 units. It is within walking distance to MRT stations such as Boon Keng MRT and Boon Keng MRT, which provide residents easy access to other areas of Singapore. For young couples or families with children, Okio is also close to schools like The Math Studio, Mindful Learning & Enrichment @ zanoziwa and MoovSwim. If you're wondering about what you can do around the area, residents can head to nearby supermarkets like FairPrice - Lor Limau and Supermarket Creatives for groceries and household products. Never worry about your health emergencies or regular health checkups with access to nearby clinics such as Heal Medical Centre/Heal Dental Clinic. 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, to enjoy some fresh air.
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Total Transactions
24
Average Price
S818K
Total Value
S19.6M
Calculating fair value from URA transaction data…


License: L3002382K
Automated Valuation based on 21 URA transactions
Fair Value
S$1.08M
S$1,827 psf
Asking Price
S$990,000
S$1,672 psf
vs Market
-8.5%
vs Last Done
-8.0%
Tenure
Freehold
No lease decay
Confidence
High
21 comps
Nearest MRT
Boon Keng
961m away · +1% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
21 comparable transactions
S$1,740
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
+4%
Adjusted Fair Value PSF
S$1,827
Recent Comparable Transactions
10 shown · 21 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | BALESTIER ROAD Floor 06-10 | 420sqft | S$763,000 | ▼S$1,818 -0.5% vs FV | Freehold |
Aug 2025 | BALESTIER ROAD Floor 06-10 | 420sqft | S$763,000 | ▼S$1,818 -0.5% vs FV | Freehold |
Jul 2025 | BALESTIER ROAD Floor 11-15 | 431sqft | S$810,000 | ▲S$1,881 +3.0% vs FV | Freehold |
Jan 2024 | BALESTIER ROAD Floor 11-15 | 431sqft | S$785,000 | ▼S$1,823 -0.2% vs FV | Freehold |
Dec 2023 | BALESTIER ROAD Floor 01-05 | 463sqft | S$800,000 | ▼S$1,728 -5.4% vs FV | Freehold |
Jul 2023 | BALESTIER ROAD Floor 06-10 | 431sqft | S$758,000 | ▼S$1,760 -3.7% vs FV | Freehold |
Jul 2023 | BALESTIER ROAD Floor 11-15 | 420sqft | S$750,000 | ▼S$1,787 -2.2% vs FV | Freehold |
May 2023 | BALESTIER ROAD Floor 06-10 | 420sqft | S$750,000 | ▼S$1,787 -2.2% vs FV | Freehold |
Apr 2023 | BALESTIER ROAD Floor 06-10 | 420sqft | S$725,000 | ▼S$1,727 -5.5% vs FV | Freehold |
Mar 2023 | BALESTIER ROAD Floor 11-15 | 570sqft | S$930,000 | ▼S$1,630 -10.8% vs FV | Freehold |
Feb 2023 | BALESTIER ROAD Floor 06-10 | 570sqft | S$938,888 | ▼S$1,646 -9.9% vs FV | Freehold |
BALESTIER ROAD
Aug 2025 · Floor 06-10
-0.5% vs FV
BALESTIER ROAD
Aug 2025 · Floor 06-10
-0.5% vs FV
BALESTIER ROAD
Jul 2025 · Floor 11-15
+3.0% vs FV
BALESTIER ROAD
Jan 2024 · Floor 11-15
-0.2% vs FV
BALESTIER ROAD
Dec 2023 · Floor 01-05
-5.4% vs FV
BALESTIER ROAD
Jul 2023 · Floor 06-10
-3.7% vs FV
BALESTIER ROAD
Jul 2023 · Floor 11-15
-2.2% vs FV
BALESTIER ROAD
May 2023 · Floor 06-10
-2.2% vs FV
BALESTIER ROAD
Apr 2023 · Floor 06-10
-5.5% vs FV
BALESTIER ROAD
Mar 2023 · Floor 11-15
-10.8% vs FV
BALESTIER ROAD
Feb 2023 · Floor 06-10
-9.9% vs FV
HELIOS AI-Detected Boosters
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.