Industrial33 buildingsPlanning area

Novena Industrial Property

Reviewed by Nathan TangUpdated 24 September 2026
Quick Summary

PropKaki tracks 33 industrial buildings in Novena. Most sit on BUSINESS 1 land, with RESIDENTIAL next. Across 60 recorded transactions in the last 5 years, the median price is about S$2.64M (S$1,505 psf). 29 units are listed for sale and 43 for rent.

1

Which industrial buildings are in Novena?

2

What do industrial properties in Novena sell for?

Key Takeaway

In the last 12 months, 31 transactions in Novena closed at a median of about S$2.70M (S$1,512 psf); over five years the median is S$2.64M across 60 deals.

Transactions (12m)

31

URA/JTC records

Transactions (5y)

60

URA/JTC records

Median price (12m)

S$2.70M

recent deals

Median PSF (12m)

S$1,512 psf

strata & land mix

3

What is for sale or rent in Novena?

Key Takeaway

29 units are listed for sale and 43 for rent in Novena, one row per unit.

For sale

29

deduplicated units

For rent

43

deduplicated units

Browse rentals in Novena · Browse sales →

4

What are the most recent industrial deals in Novena?

Key Takeaway

The latest recorded deal in Novena closed in Aug 2026 at S$2.60M (Space 18).

DatePropertyUsePricePSF
Aug 2026Space 18Multiple-user FactoryS$2.60M$1,455
Jul 2026Space 18Multiple-user FactoryS$2.57M$1,437
Jul 2026Skywaves Industrial BuildingMultiple-user FactoryS$2.55M$987
Jul 2026Space 18Multiple-user FactoryS$2.73M$1,577
Jun 2026Golden Wall Flatted FactoryMultiple-user FactoryS$1.24M$1,019
Jun 2026Space 18Multiple-user FactoryS$2.73M$1,574
Jun 2026Mun Hean Industrial BuildingMultiple-user FactoryS$7.50M$929
May 2026Space 18Multiple-user FactoryS$2.62M$1,512

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

5

What is industrial land in Novena zoned as?

Key Takeaway

Most tracked buildings in Novena sit on BUSINESS 1 land, followed by RESIDENTIAL (URA Master Plan).

BUSINESS 1 · 17RESIDENTIAL · 2HEALTH & MEDICAL CARE · 1
6

Frequently asked questions

Which industrial buildings are in Novena?

PropKaki tracks 33 industrial buildings in Novena, including Golden Wall Flatted Factory, Space 18, Skywaves Industrial Building, Mun Hean Industrial Building, 10a Jalan Ampas.

What do industrial properties in Novena sell for?

Across 60 recorded transactions in the last 5 years, the median price is about S$2.64M (S$1,505 psf). Strata and land deals are not directly comparable, so treat the median as context rather than a valuation.

What is industrial land in Novena zoned as?

Of the tracked buildings in Novena, 17 sit on BUSINESS 1 land, 2 sit on RESIDENTIAL land, 1 sits on HEALTH & MEDICAL CARE land under the URA Master Plan.

Are there industrial units for sale or rent in Novena?

Yes — 29 units for sale and 43 units for rent are currently listed in Novena across the commercial portals, deduplicated to one row per unit.

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Is $6.50 psf a fair monthly rent for a B1 factory unit in Ubi?

Ubi B1 asking rents cluster around the low-$2s psf for standard units — $6.50 would be at the very top of the range, so check what the unit offers.

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