CommercialCOMMERCIALDistrict 11 · Novena

Novena Square - Tower B

Reviewed by Nathan TangUpdated 10 November 2026
Quick Summary

Novena Square - Tower B is a commercial building in District 11 · Novena, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.2. 1 unit is currently listed for rent. ACRA records 0 live company registrations at this address.

1

What are the key facts about Novena Square - Tower B?

Key takeawayNovena Square - Tower B is a commercial building in District 11 · Novena, zoned COMMERCIAL.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
4.2
Tenure
Not on record
District / Area
District 11 · Novena
Address
—
Land area
—
Completed
Not on record
Storeys
Not on record
Listed as
Office
Transactions on record
None recorded
Live listings
1
ACRA registrations
0

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

2

About Novena Square - Tower B

Novena Square - Tower B is a commercial building in Novena (District 11). It is located along 238BThomson Road.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.2.

The nearest MRT is Novena MRT, 170 m away (about a 3-minute walk). The closest bus stop (United Sq/Bef Novena Stn) is 176 m away (about a 3-minute walk). Velocity @ Novena Square is 118 m away (about a 2-minute walk).

3

What is Novena Square - Tower B zoned as?

Key takeawayNovena Square - Tower B sits on land zoned COMMERCIAL with a gross plot ratio of 4.2.
Land-use zone
COMMERCIAL
Gross plot ratio
4.2

Run the full zoning report for this building →

4

What does space at Novena Square - Tower B rent for?

Key takeawayNo street- or building-level rent is published here. Across District 11 retail, retail space rented at a median of $16.43 psf a month in 2026Q3, with the middle half of leases between $12.48 and $17.64. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 11 retail

Region band · 2026Q3
25th pct
$12.48
$134.36 psm
Median
$16.43
$176.85 psm
75th pct
$17.64
$189.91 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 11 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

5

Market context around Novena Square - Tower B

Key takeawayBrokers' office figures for Singapore as a whole — a broker's market figure, not this building's rent.
CBRE, 2Q 2026 (island-wide)
  • Islandwide: Vacancy 5%
  • Islandwide (Grade B): Rent S$8.35 psf/mth
Singapore Figures Q2 2026

Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

6

How fast units move at Novena Square - Tower B

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

7

What do commercial rents run near Novena Square - Tower B?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 11 retail

Gross yield (area)
4.6%
4.1% net of property tax
Rent side (median of bands)
$176.85 psm/mo
2026Q3
Price side (strata, 5y)
$4,327 psf
15 sales

An INDICATIVE AREA yield for District 11 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 11 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$134.36$181.39$189.91
Level 1 · 30 & Below$96.71$98.15$108.07
Level 1 · >30 - 100$138.32$176.85$254.10

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

8

What is available at Novena Square - Tower B right now?

Key takeaway1 unit is currently listed at Novena Square - Tower B. One row per unit; several agents often market the same unit.

For rent (1)

  • Novena Square - Tower BS$38k/mo · 4,000 sqft

Browse every listing at this building →

9

What is near Novena Square - Tower B?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 170 m away.

Getting around

Amenities nearby

Hotel · 97 mHealthway Medical Centre (Novena Sq) · 116 mCold Storage Singapore (1983) Pte Ltd · 118 mVelocity @ Novena Square · 118 mNovena MRT Exit B · 136 mEducational Institution · 160 mUnited Sq/Bef Novena Stn · 176 mPlace Of Worship · 239 mThomson Rd Pg · 300 mMount Elizabeth Novena Hospital · 357 m

Straight-line distances. Source: PropKaki amenities data.

10

Getting there and parking at Novena Square - Tower B

Key takeawayThe nearest station is Novena (NS20), 135 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Shrewsbury Rd (URA), 508 m away; the nearest URA season parking is Shrewsbury Area, 546 m away (S$80/month).
Foot traffic: busier than 36% of office buildings

nearest MRT/LRT Novena (NS20) 135 m, about 85,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 9, about 24,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 32,000 residents within 1 km (June 2026). Ranked against 485 office buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around), not a count of people.

Stations within 1 km

  • Novena (NS20)135 m · about 85,000 weekday taps
  • Newton (NS21 / DT11)879 m · about 116,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Novena Square - Tower B. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 24,000 boardings and alightings on an average weekday.

11

How many companies are registered at Novena Square - Tower B?

Key takeawayACRA records 0 live company registrations at this address.
Live registrations
0
Registered last 3 years
0

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

12

Frequently asked questions about Novena Square - Tower B

Where is Novena Square - Tower B?⌄

Novena Square - Tower B is at 238BThomson Road, in the Novena planning area.

What is Novena Square - Tower B zoned as?⌄

Novena Square - Tower B sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.

Have there been any recorded transactions at Novena Square - Tower B?⌄

No caveats have been lodged for Novena Square - Tower B in the URA records we track. That is common for buildings held by a single owner, which never generate strata transactions.

What is the nearest MRT station to Novena Square - Tower B?⌄

Novena MRT is the closest, 170 m away (about a 3-minute walk).

For agents · in the PropKaki app

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