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Singapore Property News, Insights and Analysis

Completed 2011

The Tier

D12 · Balestier / Toa Payoh · 28 Pegu Road

A 48-unit freehold apartment in D12, completed in 2011. Developed by Kaiwatt Development Pte. Ltd..

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

Freehold
Tenure
$1,585
Avg $psf, 12 months
1
Sales, 12 months
2011
Completed
The Tier

What brings you to The Tier?

Buying here? Get a second opinion. The last recorded sale here was $870k ($1,585 psf) in May 2026. Our consultants can run the numbers against your budget: which stack, what to pay, what to avoid. Free for buyers of private property.

Stacked works with licensed property agents.

Get a second opinion
02 — Prices

The Tier prices

Last 12 months
1
Sale
$1,585
Average $psf
$870k
Price
By bedroom type
Last 3 years
TypeSalesAvg $psfPrice rangeSize
1-Bedroom1 sale$1,515 psf$750k495 sq ft

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

By unit size
Last 3 years
SizeSalesAvg $psfAvg pricePrice range
Under 500 sq ft1 sale$1,515 psf$750k
500–699 sq ft4 sales$1,553 psfAvg $848k$812k – $870k
Average $psf by year
In 2025, sales here averaged $1,554 psf, 35% 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$1,585$1,862
2025$1,554$2,390
2024$1,479$1,803
2023$1,515$1,630
2022$1,566$1,615
2021$1,506$1,452
2018$1,476$1,505
2016$1,353$1,342
2015$1,239$1,289
2014$1,436$1,430
2013$1,585$1,365
2012$1,477$1,307
Sales by year
85 sales since 2009; the busiest year was 2010 with 41. The 2026 bar covers Jan–Oct.
New saleSub saleResale
Show as a table
YearNew saleSub saleResaleTotal
20260011
20250033
20240011
20230011
20220044
20210077
20200000
20190000
20180011
20170000
20160022
20150011
20140044
20130325
20120404
20114307
2010401041
20093003
Sales in the last two years
4 sales, newest first. Units show the floor only.
DateUnitSizePrice$psfType
13 May 2026#16-XX549 sq ft$870k$1,585 psfResale
8 Sep 2025#06-XX538 sq ft$860k$1,598 psfResale
22 May 2025#11-XX495 sq ft · 1-Bedroom$750k$1,515 psfResale
6 Feb 2025#11-XX549 sq ft$850k$1,548 psfResale
Compared with nearby condos
Compared with D12 and the five nearest similar condos · average $psf and price, all unit sizes

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

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

03 — Rent

The Tier rent

Leases starting Sep 2025–Aug 2026
25
Leases
$3,100
Median rent a month

D12 median rent: $3,700 a month; est. gross yield 2.5%.

By bedroom type
TypeLeasesMedian rentMiddle halfD12 median
1-Bedroom17 leases$3,000 median$2,844 – $3,150D12 $3,000
2-Bedroom8 leases$3,450 median$3,125 – $3,500D12 $3,800
Rent and yield compared with nearby condos

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

The Tier floor plans by bedroom type

8 layouts, from a 495 sq ft 1-bedroom to a 990 sq ft 2-bedroom. Pick a type to see its floor plans.

Source: Developer floor plans; bedroom counts read by Stacked

05 — Location

Near The Tier

MRT stations
NS Novena 1.5 km · 17 min walk
NE Farrer Park 1.5 km · 18 min walk
NE Boon Keng 1.7 km · 20 min walk
NS Toa Payoh 1.8 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 750 m · 13 min walk
St. Joseph's Institution Junior 830 m · 17 min walk
Within 2 km
Farrer Park Primary School 1.2 km · 19 min walk
CHIJ Primary (Toa Payoh)Popular 1.5 km · 24 min walk
Pei Chun Public SchoolPopular 1.6 km · 24 min walk
Bendemeer Primary School 1.6 km · 27 min walk
Kheng Cheng SchoolPopular 1.6 km · 28 min walk
Anglo-Chinese School (Primary)Popular 1.8 km · 34 min walk
St Andrew's School (Junior) 1.8 km · 39 min walk
Anglo-Chinese School (Junior)Popular 1.9 km · 37 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 Pek Kio Park 1.3 km · 15 min
Clinic Heal Medical Centre 360 m · 4 min
Supermarket FairPrice 410 m · 5 min
Hawker centre Whampoa Drive Makan Place/Whampoa Market 480 m · 6 min
Map of the area around The Tier, with nearby MRT stations and primary schools
Map data © OpenStreetMap contributors

Source: OneMap walking routes, Oct 2026

06 — Nearby

Condos and supply around The Tier

Upcoming supply
Dorset Road1.1 km · about 404 units · 1.04 ha Awarded · $14,405 psm GFA · Oct 2025
Kitchener Link1.5 km · about 140 units · 0.42 ha Available for application
Lorong 1 Toa Payoh1.8 km · about 735 units · 1.57 ha Awarded · $14,640 psm GFA · Nov 2023
Peck Hay Road2.1 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 — FAQ

Questions about The Tier

Is The Tier freehold?

Yes. The Tier is a freehold apartment.

When was The Tier completed?

2011.

How many units does The Tier have?

48 units, up to 19 storeys.

What sizes are the 1-bedroom units?

495 to 549 sq ft across three layouts.

What is the price psf at The Tier?

1 sale in the last 12 months averaged $1,585 psf.

What did the latest sale go for?

A 549 sq ft unit sold for $870k ($1,585 psf) on 13 May 2026.

How much is the rent at The Tier?

Leases starting Sep 2025–Aug 2026 had a median rent of $3,100 a month ($3,000 for a 1-bedroom and $3,450 for a 2-bedroom).

What is the nearest MRT station?

Novena (NS), a 17-minute walk (1.5 km). Farrer Park (NE) is 1.5 km away.

Which primary schools are within 1 km?

Hong Wen School, 750 m away and St. Joseph's Institution Junior, 830 m away.

Who developed The Tier?

Kaiwatt Development Pte. Ltd.

Answers generated from the data on this page, Oct 2026