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Commercial214 buildingsPlanning area

Novena Office & Commercial Property

Reviewed by Nathan TangUpdated 24 September 2026
Quick Summary

PropKaki tracks 214 commercial buildings in Novena. Most sit on COMMERCIAL & RESIDENTIAL land, with COMMERCIAL next. Across 103 recorded transactions in the last 5 years, the median price is about S$2.10M (S$2,747 psf). 197 units are listed for sale and 349 for rent.

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1

Which commercial buildings are in Novena?

Key Takeaway

214 buildings are tracked in Novena — the 60 most transacted are listed here.

Showing 30 of 60 tracked buildings.

All 214 commercial buildings in Novena, A–Z
2

What do commercial properties in Novena sell for?

Key Takeaway

In the last 12 months, 15 transactions in Novena closed at a median of about S$1.15M (S$2,070 psf); over five years the median is S$2.10M across 103 deals.

Transactions (12m)

15

URA/JTC records

Transactions (5y)

103

URA/JTC records

Median price (12m)

S$1.15M

recent deals

Median PSF (12m)

S$2,070 psf

strata & land mix

Use typeTransactionsMedian PSF
Retail59S$3,716 psf
Office30S$1,715 psf
Shop House14S$3,428 psf
3

What is for sale or rent in Novena?

Key Takeaway

197 units are listed for sale and 349 for rent in Novena, one row per unit.

For sale

197

deduplicated units

For rent

349

deduplicated units

Browse rentals in Novena → · Browse sales →

4

What are the most recent commercial deals in Novena?

Key Takeaway

The latest recorded deal in Novena closed in Aug 2026 at S$3.85M (N.a.).

DatePropertyUsePricePSF
Aug 2026N.a.Shop HouseS$3.85M$3,606
Jul 2026The MezzoOfficeS$1.60M$1,652
Jul 2026One Dusun ResidencesOfficeS$310k$3,600
Jul 2026Balestier PointOfficeS$1.25M$2,323
Jun 2026N.a.Shop HouseS$8.50M$3,841
Jun 2026OkioRetailS$4.88M$2,070
Apr 2026The MezzoOfficeS$1.15M$1,943
Apr 2026The MezzoOfficeS$1.12M$1,679

The latest recorded URA/JTC deals in Novena. Strata and land deals mix in one list — their PSF is not comparable.

5

What do retail rents run in Novena?

Key Takeaway

URA's contracted-rent percentiles for District 12 (2026Q2) — the benchmark an asking rent in Novena should be weighed against.

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$62.49$64.71$66.54
Level 1 · 30 & Below$63.21$75.71$98.74
Level 1 · >30 - 100$112.99$125.25$147.17
Level 1 · >100 - 300$102.41$118.35$120.63

$ psm/month, URA REALIS rental contracts. District 12 is where most of this area's recent deals sit — a district benchmark, not a rent for any particular unit. Retail only; office rents are dimensioned by URA location, not district.

6

What is commercial land in Novena zoned as?

Key Takeaway

Most tracked buildings in Novena sit on COMMERCIAL & RESIDENTIAL land, followed by COMMERCIAL (URA Master Plan).

COMMERCIAL & RESIDENTIAL · 38COMMERCIAL · 8RESIDENTIAL · 4RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY · 3WHITE · 2HOTEL · 2
7

Frequently asked questions

Which commercial buildings are in Novena?⌄

PropKaki tracks 214 commercial buildings in Novena, including One Dusun Residences, Balestier Point, The Mezzo, Square 2, Royal Square At Novena.

What do commercial properties in Novena sell for?⌄

Across 103 recorded transactions in the last 5 years, the median price is about S$2.10M (S$2,747 psf). Strata and land deals are not directly comparable, so treat the median as context rather than a valuation.

What is commercial land in Novena zoned as?⌄

Of the tracked buildings in Novena, 38 sit on COMMERCIAL & RESIDENTIAL land, 8 sit on COMMERCIAL land, 4 sit on RESIDENTIAL land, 3 sit on RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY land under the URA Master Plan.

Are there commercial units for sale or rent in Novena?⌄

Yes — 197 units for sale and 349 units for rent are currently listed in Novena across the commercial portals, deduplicated to one row per unit.

For agents · in the PropKaki app

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