Royal Square at Novena

A 33-Storey Mixed Development of Commercial Shops, Medical Suites and Hotel Rooms at 101 and 103 Irrawaddy Road, Singapore

Unveiling the most sought-after Royal Square @ Novena that will stand in the renowned medical arena of the upcoming Health City Novena – Singapore’s largest healthcare complex to be completed by 2030.

Royal Square at Novena Building Image
The 33-Storey Royal Square at Novena is a rare development that integrates retail spaces, medical suites and residential rooms into one exciting property to provide utmost comfort and convenience. Listed below are the unit distributions:

Level Unit Type
1st Storey – 2nd Storey 25 retail shops and 24 restaurants
3rd Storey – 5th Storey Car Park with 181 slots
6th Storey 2 Restaurants (Open Terrace)
7th Storey – 21st Storey 171 Medical Suites
22nd Storey – 33rd Storey 250 Hotel Rooms

 Retail shops are thoughtfully laid out with most shops facing either the main pedestrian corridor or external public walkways. The two restaurants at 6th storey that are nestled in a verdant communal landscape deck presents a unique dining experience in the city.  A dedicated lift lobby with 6 specialised medical lifts serves 171 medical suites.  The medical floors are specially designed for healthcare professionals’ convenience, with features such as high ceiling, wide corridors and outward-facing units with optimum ventilation and abundant natural daylight.  Being North-South orientated, the tower is exposed to minimal heat gain and glare.  Efficient infrastructure consists of Day Surgery Centre, Imaging Centre and Laboratory facilities enhances medical process.

Royal Square is designed with BCA Green Mark Platinum features to promote a sustainable workplace.  It is strategically located next to Novena MRT station with excellent connectivity and transportation network linking various parts of Singapore.  Royal Square presents a golden investment opportunity with a strong demand from growing medical tourism, increase on health expenditure, increasing number of doctors, ageing population and growing awareness of medical aesthetics.  In contrast, there is limited supply of medical suites and strata retail shops in the Novena vicinity as most of them are only available for lease.

As with all commercial property, there is no Additional Buyer’s Stamp Duty nor the Seller’s Stamp Duty to consider in the purchase of medical suites and retail shops in Royal Square.  There is also less loan restriction unlike the purchase of residential properties in Singapore.  While you will be subject to paying Goods & Services Tax (GST) on the commercial property, this can be remedied by purchasing as a GST-registered company and subsequently filing for a tax refund on the GST paid to the developers.

FAST FACTS ABOUT ROYAL SQUARE @ NOVENA

Address:

101 and 103 Irrawaddy Road Singapore

Tenure:

99-year Leasehold

Expected TOP:

2018

Developer:

Hoi Hup Sunway Novena Pte Ltd

Nearby Amenities:

 

Dining and Shopping Centres

Goldhill Plaza

Novena Square

United Square

Velocity

 

Schools

Chatsworth International School

St. Joseph Institution

Catholic Junior College

Anglo Chinese Primary / Junior

Farrer Park Primary

CHIJ Primary

 

Transportation Services

Novena MRT Station

Newton MRT Station

Farrer Park Station

Little India MRT Station

Pan Island Expressway (PIE)

Central Expressway (CTE)

 

 

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