ROYAL SQUARE NOVENA – DISCOVERING A WORLD CLASS MEDICAL CENTER
ROYAL SQUARE AT NOVENA is a new integrated development at Novena. Located just next to Novena MRT. ROYAL SQUARE is an iconic building in the Novena Health City vicinity together with Velocity, Square 2, and Novena Square. There will be shops, F&B outlets, restaurants, medical suites and hotels unit in the development.
GOOD MIX OF MEDICAL SUITES / RETAIL SHOPS / RESTAURANTS / HOTEL
ROYAL SQUARE AT NOVENA will be built as a complex of Medical Suites, Shops, F&B outlets and Restaurants within a hotel development located at the heart of the future Novena Health City. The development will promises a hot demand with the booming in Medical Tourism in Singapore.
Breakdown of various unit type:
- 2 Levels of Retails Shops / F&B Outlet: 226 to 904 sqft (For Sale)
- 3 units of Restaurants: 2583 to 4790 sqft (For Sale)
- 14 Levels of Medical Suites: 420 to 786 sqft (For Sale)
- 3 Levels allocated for Day Surgery, Imaging Center and Laboratory (Not for Sale)
- 250 Hotel rooms are from Level 21 to 33 (Not for Sale)
TOP REASONS TO CONSIDER ROYAL SQUARE AT NOVENA AS AN INVESTMENT
- RARE OPPORTUNITY: A very rare opportunity to own/invest medical suites and strata retail spaces @ Novena. Great potential for Capital Appreciation
- LOCATION: With the Novena MRT Station right beside, ROYAL SQUARE is perfect for doing any kind of businesses. With accessibility and connectivity, your business will attract a lot of traffic.
- PENT-UP DEMAND: Singapore is becoming an international hub not only for business but also for education and medical tourism. With a huge influx of international patients coming every year, there is a high demand for medical facilities and supported infrastructure. In addition, a recent announcement by Tan Tock Seng Hospital reveals its ambition to transform the area in a MEGA Healh City call the HEALTHY CITY NOVENA.
- THE RIGHT TIME: Investment in 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) as well as Loan Restrictions. Local Investors as well as Foreign Investors are looking elsewhere for investment and is increasing targeting the commercial sectors. It makes commercial properties becoming limited in supply. MEDICAL SUITES is a special kind of commercial properties that even rarer in supply. There are certain medical suites like Gleneagles and Mount Elizabeth Hospital which are strictly sold to Doctors & Specialists. This makes the owning of a medical suites even tougher for someone which is not a medical professional.
- NO Additional Buyer Stamp Duty (ABSD), NO Seller Stamp Duty (SSD), No Loan Restriction
DEVELOPMENT FACT SHEET
|Retail Shops (25 units) / F&B Outlets (23 units) – Total: 48 units
Level #01 (11 Retail Shops & 16 F&B Outlets)
Level #02 (14 Retail Shops & 7 F&B Outlets)
Restaurants (3 units)
Level #02 (1 Restaurant)
Level #06 (2 Restaurant) – With Open Terrace
Medical Suites (171 units)
Level #07 to #21
Hotel Rooms (250 units) – Not for Sale
Level #22 to #33
- Retail Shops: 226 to 904 sqft
- F&B Outlets: 280 to 700 sqft
- Restaurants: 2583 to 4790 sqft
- Medical Suites: 420 to 786 sqft
- 99 Years Leasehold wef 6th March 2013
- Strategically located next to Novena MRT and prominent location at the junction of Thomson/Irrawaddy Road
- 1st and Only retail shops open for sale within Health City Novena, attracting rich patients’ frequency
- Be the first mover to own a commercial unit in Novena with great upside potential as all other commercial there are for lease only
- Great demand is driven by increasing of medical tourism, no of doctors, aging population n growing awareness of medical aesthetics
- Supply of strata medical suites for sale are limited
- Busy human traffic from IRAS, Tan Tock Seng Hospital, Novena Church, etc
- By 2030, traffic is expected to hit 30,000 pedestrians a day
- Great Potential for Capital Appreciation
- No ABSD and SSD