Velocity @ Novena Square
Velocity @ Novena Square 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. ACRA records 0 live company registrations at this address.
What are the key facts about Velocity @ Novena Square?
- 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
- Transactions on record
- None recorded
- Live listings
- None
- 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.
About Velocity @ Novena Square
Velocity @ Novena Square is a commercial building in Novena (District 11). It is located along Thomson 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, 107 m away (about a 2-minute walk). The closest bus stop (Novena Stn) is 167 m away (about a 3-minute walk). Square 2 is 132 m away (about a 2-minute walk).
What is Velocity @ Novena Square zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.2
What does space at Velocity @ Novena Square rent for?
Retail space on Thomson Road
Street level · 2026Q3S$ per sq ft per month · median +6.1% on a year earlier
URA's percentiles of RETAIL rents (shop, F&B, entertainment, health & fitness) across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. Retail rent swings with floor and frontage, so the spread matters as much as the median. A median needs at least 2 buildings and 3 contracts (percentiles need 4); a blank means below that threshold, not zero.
Source: URA rental statistics by street (IRAS-stamped contracts).
Office space on Thomson Road
Street level · 2026Q3S$ per sq ft per month · median +0.6% on a year earlier
URA's percentiles of OFFICE rents across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. URA publishes a median only where the street has at least 2 office buildings and 3 contracts that quarter (percentiles need 4); a blank means below that threshold, not zero.
Source: URA rental statistics by street (IRAS-stamped contracts).
Retail space — District 11 retail
Region band · 2026Q3S$ 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).
Market context around Velocity @ Novena Square
- Singapore total: Rent S$30.38 psf/mth · Vacancy 6.3% (1Q 2026) · Planned / under construction 2.38m sq ft
Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% on the year).
Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.
How does Thomson Road price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Velocity @ Novena Square?
Indicative area yield — District 11 retail
An INDICATIVE AREA yield for District 11 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 11 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th 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.
What is near Velocity @ Novena Square?
Getting around
- Novena MRT107 m · ~2 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Velocity @ Novena Square
nearest MRT/LRT Novena (NS20) 93 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 33,000 residents within 1 km (June 2026); 2 other malls within 1 km. Ranked against 12,856 retail 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, and competing malls), not a count of people.
Stations within 1 km
- Novena (NS20)93 m · about 85,000 weekday taps
- Newton (NS21 / DT11)924 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 Velocity @ Novena Square. 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.
How many companies are registered at Velocity @ Novena Square?
- 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.
Frequently asked questions about Velocity @ Novena Square
Where is Velocity @ Novena Square?⌄
Velocity @ Novena Square is at Thomson Road, in the Novena planning area.
What is Velocity @ Novena Square zoned as?⌄
Velocity @ Novena Square 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 Velocity @ Novena Square?⌄
No caveats have been lodged for Velocity @ Novena Square 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 Velocity @ Novena Square?⌄
Novena MRT is the closest, 107 m away (about a 2-minute walk).
The facts are here — now get the verdict on Velocity @ Novena Square.
Ask what a unit here would fetch, what the zone allows, or how it compares.
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