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Singapore Property News, Insights and Analysis

Completed 1995

Ritz Mansions

D12 · Balestier / Toa Payoh · 346 Balestier Road

A 126-unit freehold apartment in D12, completed in 1995. Developed by City Developments Ltd.

Source: Condo master (URA caveats); URA transactions, Oct 2026

Freehold
Tenure
$1,502
Avg $psf, 12 months
2
Sales, 12 months
1995
Completed

What brings you to Ritz Mansions?

Buying here? Get a second opinion. 3-bedders here sold for $1.88M to $2M over the last 12 months. Our consultants can run the numbers against your budget: which stack, what to pay, what to avoid. Free for buyers of private property.

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Get a second opinion
02 — Prices

Ritz Mansions prices

Last 12 months
2
Sales
$1,502
Average $psf
$1,468 – $1,536
$psf range
$1.88M – $2M
Price range
By bedroom type
Last 3 years
TypeSalesAvg $psfPrice rangeSize
3-Bedroom4 sales$1,480 psf$1.88M – $2M1,281–1,302 sq ft

Prices by bedroom type are based on matching sales to unit sizes.

By unit size
Last 3 years
SizeSalesAvg $psfAvg pricePrice range
1,100–1,299 sq ft1 sale$1,468 psf$1.88M
1,300–1,599 sq ft3 sales$1,485 psfAvg $1.93M$1.88M – $2M
Average $psf by year
In 2025, sales here averaged $1,459 psf, 39% below the D12 average of $2,390 psf for private homes (condos, apartments and ECs).
This condoD12 average
Show as a table
YearThis condoD12 average
2026$1,502$1,858
2025$1,459$2,390
2023$1,432$1,630
2022$1,290$1,615
2021$1,220$1,452
2019$1,133$1,363
2018$1,122$1,505
2017$1,040$1,344
2016$934$1,342
2015$888$1,289
2012$1,001$1,307
2011$960$1,242
Sales by year
54 sales since 2007; the busiest year was 2007 with 9. The 2026 bar covers Jan–Oct.
Show as a table
YearResaleTotal
202622
202522
202400
202322
202255
202155
202000
201933
201833
201711
201622
201511
201400
201300
201222
201133
201066
200944
200844
200799
Sales in the last two years
4 sales, newest first. Units show the floor only.
DateUnitSizePrice$psfType
29 Jun 2026#10-XX1,302 sq ft · 3-Bedroom$2M$1,536 psfResale
8 Apr 2026#08-XX1,281 sq ft · 3-Bedroom$1.88M$1,468 psfResale
4 Jun 2025#09-XX1,302 sq ft · 3-Bedroom$1.92M$1,475 psfResale
1 Apr 2025#04-XX1,302 sq ft · 3-Bedroom$1.88M$1,443 psfResale
Compared with nearby condos

Prices by bedroom type are based on matching sales to unit sizes.

Source: URA caveats, Sep 2026. The 2026 averages cover Jan–Oct.

03 — Rent

Ritz Mansions rent

Leases starting Sep 2025–Aug 2026
24
Leases
$4,450
Median rent a month

D12 median rent: $3,700 a month; est. gross yield 2.4%.

By bedroom type
TypeLeasesMedian rentMiddle halfD12 median
3-Bedroom22 leases$4,500 median$4,100 – $4,850D12 $4,900

Estimated gross yield: a year of median rent (leases starting Sep 2025–Aug 2026) over the average sale price of the last 12 months, before costs. No yield is shown with fewer than 3 sales in the year. Rents and sale prices both cover roughly the last 12 months, so read the yield as a guide to that year rather than an exact figure. A higher yield often reflects a lower price, such as an older lease, rather than a better buy.

Source: URA rental contracts, Aug 2026

04 — Unit mix

Ritz Mansions floor plans by bedroom type

7 layouts, from a 861 sq ft 2-bedroom to a 1,690 sq ft 3-bedroom. Pick a type to see its floor plans.

Source: Developer floor plans; bedroom counts read by Stacked

05 — Location

Near Ritz Mansions

MRT stations
NS Novena 1.5 km · 18 min walk
NE Farrer Park 1.6 km · 19 min walk
NS Toa Payoh 1.7 km · 20 min walk
NE Boon Keng 1.7 km · 21 min walk

Walking times and distances are estimates from OneMap walking routes; a station without a walking time shows the straight-line distance. Check OneMap for your exact route.

Primary schools
Within 1 km
Hong Wen SchoolPopular 660 m · 14 min walk
Within 2 km
St. Joseph's Institution Junior 1.2 km · 19 min walk
Pei Chun Public SchoolPopular 1.3 km · 24 min walk
Bendemeer Primary School 1.5 km · 27 min walk
Farrer Park Primary School 1.5 km · 21 min walk
CHIJ Primary (Toa Payoh)Popular 1.5 km · 23 min walk
Kheng Cheng SchoolPopular 1.5 km · 27 min walk
St Andrew's School (Junior) 1.5 km · 39 min walk
First Toa Payoh Primary School 1.7 km · 33 min walk

Distances are straight-line, which is what the 1 km and 2 km bands refer to; walking times are estimates from OneMap walking routes. Check the MOE website for confirmation.

Everyday amenities
Park Toa Payoh Town Park 1.1 km · 13 min
Clinic S Y Lee Clinic 340 m · 4 min
Supermarket FairPrice 320 m · 4 min
Hawker centre Whampoa Drive Makan Place/Whampoa Market 520 m · 6 min
Map of the area around Ritz Mansions, with nearby MRT stations and primary schools
Map data © OpenStreetMap contributors

Source: OneMap walking routes, Oct 2026

06 — Nearby

Condos and supply around Ritz Mansions

New launches within 2 km
The Bronze360 m
Upcoming supply
Dorset Road1.3 km · about 404 units · 1.04 ha Awarded · $14,405 psm GFA · Oct 2025
Kitchener Link1.6 km · about 140 units · 0.42 ha Available for application
Lorong 1 Toa Payoh1.7 km · about 735 units · 1.57 ha Awarded · $14,640 psm GFA · Nov 2023
Peck Hay Road2.3 km · about 299 units · 0.55 ha Awarded · $20,076 psm GFA · Jun 2026

Source: URA transactions; URA land sales; OneMap distances, Oct 2026

07 — From Stacked

Read more about Ritz Mansions

Source: Stacked Homes editorial

08 — FAQ

Questions about Ritz Mansions

Is Ritz Mansions freehold?

Yes. Ritz Mansions is a freehold apartment.

When was Ritz Mansions completed?

1995.

How many units does Ritz Mansions have?

126 units, up to ten storeys.

What sizes are the 3-bedroom units?

1,281 to 1,690 sq ft across six layouts.

What is the price psf at Ritz Mansions?

2 sales in the last 12 months averaged $1,502 psf, ranging from $1,468 to $1,536 psf.

What did the latest sale go for?

A 1,302 sq ft unit sold for $2M ($1,536 psf) on 29 Jun 2026.

How much is the rent at Ritz Mansions?

Leases starting Sep 2025–Aug 2026 had a median rent of $4,450 a month ($4,500 for a 3-bedroom).

What is the nearest MRT station?

Novena (NS), an 18-minute walk (1.5 km). Farrer Park (NE) is 1.6 km away.

Which primary schools are within 1 km?

Hong Wen School, 660 m away.

Who developed Ritz Mansions?

City Developments Ltd.

Answers generated from the data on this page, Oct 2026