Royal Square @ Novena |Singapore Commercial Property Review
About Royal Square @ Novena
Looking for a place to invest your money in? Look no further, as developer launch, Royal Square Singapore is here!
With a site area of around 0.66 ha, the land parcel which is zoned White, will have a maximum permissible gross floor area (GFA) of 28,043 m2. The proposed mixed use development will provide hotel accommodation and commercial services supporting the surrounding businesses and add to the range of amenities available to the residents living in this area.
Royal Square is conveniently located in the central Novena vicinity – Singapore’s medical hub. Its mix development concept will serve to provide excellent healthcare to the region. Patients from overseas can find accommodation at Royal Square Hotel, which will be located conveniently within the same building. As Novena MRT station is right at door step, it is flawless for doing any other kind of business. Your business will entice high human traffic by riding on the convenience & connectivity . It is easy to shape your product and besides, it is easy to find staffs and personnel too.
Royal Square is perfect to attract these groups of people engaging in business for Education & Medical Tourism as Singapore transforms into an International Business & Medical Hub. With a huge influx of international patients coming every year, there is a great demand for medical amenities and supported infrastructure. In addition, a recent statement by Tan Tock Seng Hospital reveals its ambition to convert the area into a Future Health City Novena.
Investment in Singapore commercial properties is not affected by the government’s recent regulations (as in Residential Sector). There is no seller stamp duty (SSD) & additional buyer stamp duty (ABSD). Residential and Industrial investors as well as Foreign Investors are all considering investment in commercial sectors, making commercial properties becoming inadequate in supply. Medical Suites is especially unique & niche commercial property that is even scarcer in supply.
Novena will have the single biggest healthcare complex in the country when all public and volunteer healthcare facilities, and the medical school, are linked up physically by 2030 to form “Health City Novena“.
Project Name: Royal Square
Project Description: Proposed Erection of of 33 storey Commercial & Hotel Development (250 rooms) with Medical Suites, 3 Levels of Car Parks & Rooftop Swimming Pool (URA Land Parcel 863) TS 29 on Lot 01039T @ Irrawaddy Road / Thomson Road (Novena Planning Area).
Developer: Hoi Hup Sunway Novena Pte Ltd
Status: Commercial & Hotel Development
Tenure of Land: 99 years from Mar 2013
Land Size: 71,869.08sqft
Date of Practical TOP: Estimated 1st Quarter of 2017
Date of Practical Completon: Estimated 1st Quarter of 2020
Date of Legal Completion: Estimated 1st Quarter of 2021
Date of Legal TOP: Estimated 1st Quarter of 2018
Total Number of Units: 222 with 25units of shops, 26 units of Restaurants & 171 units of Medical Suites
Building Height: 33 storeys
1st & 2nd storey
Retail/F&B – 51 units with 25 retail shops (Unit Size: 226 to 904 sqft) & 26 restaurants (Unit Size: 280 to 2670 sqft)
2nd to 5th storey
Carpark - 181 lots (excluding 3 handicapped lots, 2 loading/unloading lots & 3 coach lots)
F&B – 2 units of Open Terrace Restaurants (Unit Size: 2583 to 4790 sqft)
7th to 21st storey
Medical Suites – 171 units (Unit Size : 420 to 786 sqft )
22nd – 33rd storey
Hotel – 250 rooms
Novena Square Shopping Mall is a shopping centre situated directly above the Novena MRT Station, Novena Medical Center is located at levels 8 to 11 of Novena Square 2. Next to Novena Square is a sport-themed mall called Velocity. Another shopping centre in Novena is United Square Shopping Mall. It is a shopping mall where parents look for the utmost fashion for the kids. Novena has seen major improvements in terms of new shops open in the area since Novena Square 2 and Velocity opened in recent years.
Click Here to know more about Novena Singapore!!
6th Storey Flooplan
Why Royal Square is the Right Investment?
1. Royal Square is the first unique development in Singapore with Mega Healthcare Complex.
2. One of its kind to have INTEGRATED Medical Suites, retail shops, F&B, & Hotel.
3. About 3mins walk to Novena MRT station. Royal Square is conveniently situated next to Novena MRT.
4. Located in prime District 11.
5. Within Singapore Healthcare Service Hub where Novena Medical Centre, Tan Tock Seng Hospital, National Skin Centre, National NeuroScience Institute, Mount Elizabeth Novena Hospital
6. Stroll to Novena Square & Velocity@Novena Square Shopping Malls.
7. Excellent Connectivity within Central Region! Highly accessible to Orchard Road & the rest of the city via Ce ntral Expressway (CTE), Pan Island Expressway (PIE), & future North South Expressway (NSE).
8. Great demand driven by increasing of medical tourism, the number of doctors, ageing population and the growing awareness of medical aesthetics.
9. The limited strata medical suites for sale are in fact very scarce in Singapore.
10. This is the FIRST & ONLY retail shops OPEN for SALE within Health City Novena!
11. Very prominent location @ the junction of Thomson & Irrawaddy Road.
12. Very busy human traffic from IRAS, Tan Tock Seng Hospital, Novena Church, etc
13. By 2030, the traffic is expected to hit 30,000 pedestrians a day.
14. Day Surgery Centre, Imaging Centre & Laboratory facilities within the DEvelopment.
15. Concierge Service & Reception at Medical Suite Lift Lobby.
16. Hotel with 250 rooms to be operated by International Hotel Chain.
17. Comprehensive pedestrian network linking Novena MRT, Velocity, Square 2, United Square & IRAS Building.
18. Building is designed for Green Mark Platinum Award.
19. It’s located at well known medical hub, together with Tan Tock Seng Hosipital, Novena Medical Centre, National Skin Centre, Nationa, Neuroscience Institue, Mount Elizabeth Novena Hospital, Health City Novena.