CommercialWHITELeaseholdDistrict 12 · Novena

Royal Square At Novena

Reviewed by Nathan TangUpdated 10 August 2026Data through Jun 2025
Quick Summary

Royal Square At Novena is a commercial building in District 12 · Novena, on land zoned WHITE under the URA Master Plan with a gross plot ratio of 4.2. It is leasehold with roughly 86 years remaining. 47 transactions are on record since 1995, most recently in Jun 2025. 18 units are currently listed for sale or rent. ACRA records 33 live company registrations at this address.

1

What are the key facts about Royal Square At Novena?

Key takeawayRoyal Square At Novena is a commercial building in District 12 · Novena, zoned WHITE, held leasehold.
Asset class
Commercial
Land-use zone
WHITE
Gross plot ratio
4.2
Tenure
Leasehold
District / Area
District 12 · Novena
Address
103 Irrawaddy Road
Land area
6,677 sqm
Transactions on record
47 (records start 1995)
Live listings
18
ACRA registrations
33
2

About Royal Square At Novena

Royal Square At Novena is a commercial building in Novena (District 12). It is located along Irrawaddy Road, Singapore 329566.

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

The site is leasehold, with about 86 years remaining on the lease. It occupies roughly 6,677 sqm of land with about 28,431 sqm of gross floor area.

47 transactions have been recorded here, at a median of S$6,298 psf. The most recent was in June 2025.

33 businesses are currently registered at this address with ACRA.

The nearest MRT is Novena MRT, 69 m away (about a 1-minute walk). The closest bus stop (Novena Stn) is 50 m away (about a 1-minute walk).

3

What is Royal Square At Novena zoned as?

Key takeawayRoyal Square At Novena sits on land zoned WHITE with a gross plot ratio of 4.2.
Land-use zone
WHITE
Gross plot ratio
4.2
BCA-verified envelope: allowable GFA 28,043 sqm · built 36,961 sqm · headroom -8,918 sqm. This block appears only where BCA has published the actual built floor area — everywhere else, buildable headroom cannot be verified and is deliberately not estimated.

Run the full zoning report for this building →

4

What has Royal Square At Novena sold for?

Key takeawayAcross 47 recorded transactions since 1995, the median price is about S$3.26M, most recently in Jun 2025.
DateUsePriceAreaPSF
Jun 2025RetailS$4.00M689 sqft$5,806
Jan 2024RetailS$11.00M2,669 sqft$4,121
Nov 2023RetailS$2.75M549 sqft$5,000
Oct 2023RetailS$3.93M786 sqft$5,001
Oct 2023RetailS$2.26M452 sqft$5,000
Sept 2023RetailS$2.10M431 sqft$4,877
Aug 2023RetailS$2.69M538 sqft$5,006
Aug 2023RetailS$3.02M603 sqft$5,006
Aug 2023RetailS$2.69M538 sqft$5,006
Aug 2023RetailS$2.69M538 sqft$5,006

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.

5

How does Irrawaddy Road price?

Key takeawayAcross 18 strata sales on Irrawaddy Road in the last 5 years, the median is $4,999 psf.
Strata sales on the street (5y)
18
Street median PSF (strata)
$4,999

Street figures cover strata deals only — land and strata PSF are not comparable.

6

What do commercial rents run near Royal Square At Novena?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 12 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$97.03 psm/mo
2026Q2
Price side (strata, 5y)
$2,689 psf
57 sales

An INDICATIVE AREA yield for District 12 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 12 ($ psm/month, 2026Q2)

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

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.

7

What is available at Royal Square At Novena right now?

Key takeaway18 units are currently listed at Royal Square At Novena6 for sale and 12 for rent. One row per unit; several agents often market the same unit.

For sale (6)

  • Royal Square at NovenaS$3.90M · 355 sqft
  • Royal Square at NovenaS$3.81M · 495 sqft
  • Royal Square at Novena3 agentsS$5.39M · 700 sqft
  • Royal Square at NovenaS$5.33M · 786 sqft

For rent (12)

  • Royal Square at NovenaS$8k/mo · 538 sqft
  • Royal Square at NovenaS$12k/mo · 743 sqft
  • Royal Square at NovenaS$11k/mo · 732 sqft
  • Royal Square at NovenaS$8k/mo · 517 sqft

Browse every listing at this building →

8

What is near Royal Square At Novena?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 69 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Sunway Medical Centre · 4 mNovena Stn · 50 mNovena MRT Exit B · 76 mPlace Of Worship · 116 mHotel · 138 mNovena Pk · 199 mMount Elizabeth Novena Hospital · 206 mEducational Institution · 222 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Velocity @ Novena Square · 97 mCold Storage Singapore (1983) Pte Ltd · 97 mPek Kio Market & Food Centre · 923 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at Royal Square At Novena?

Key takeawayACRA records 33 live company registrations at this address, 14 of them in the last three years.
Live registrations
33
Registered last 3 years
14
Most common type
Local Company

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.

10

What is Royal Square At Novena's BCA building profile?

BCA building type
Retail
Green Mark
Platinum (2017)
Energy use intensity
208 kWh/m²·yr
11

Frequently asked questions about Royal Square At Novena

Where is Royal Square At Novena?

Royal Square At Novena is at 103 Irrawaddy Road, Singapore 329566, in the Novena planning area.

What is Royal Square At Novena zoned as?

Royal Square At Novena sits on land zoned white under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of Royal Square At Novena?

Royal Square At Novena is leasehold. About 86 years remain on the lease.

What have units at Royal Square At Novena sold for?

Across 47 recorded transactions, the median price is S$6,298 psf. The latest was in June 2025.

What is the nearest MRT station to Royal Square At Novena?

Novena MRT is the closest, 69 m away (about a 1-minute walk).

How many businesses are registered at Royal Square At Novena?

33 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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