Novelty Bizcentre

Asset class

Industrial

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Tenure

Freehold

District / Area

District 13 · Toa Payoh

Address

18 Howard Road

Land area

3,804 sqm

Completed

2014 (JTC industrial completions)

Storeys

Not on record

Developer

Novelty Dept Store Pte Ltd (JTC industrial completions)

Strata units (MCST)

86

Managing agent

CHAMBERS PROPERTY MANAGEMENT SERVICES PTE LTD

Strata formed

2014 (MCST 4158)

Units with a recorded sale

At least 82

Listed as

Light Industrial (B1)

Transactions on record

122 (records start 1995)

Live listings

7

ACRA registrations

523

Units with a plan

25 · 1,119 sq ft – 2,433 sq ft (recorded sales)

Factory / production units with a plan

3 · 1,216 sq ft – 1,378 sq ft (recorded sales)

Source: developer's sales brochure.

Novelty Bizcentre is an industrial building in Toa Payoh (District 13). It is located along Howard Road, Singapore 369585.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

The site is freehold. It sits on about 3,804 sqm of land with roughly 9,509 sqm of gross floor area.

120 transactions have been recorded here, at a median of S$978 psf. The most recent was in April 2026.

Across JTC's rental returns for Howard Road, the median rent for industrial space on this street works out to about S$2.47 psf per month over 38 observations. Observed medians on the street span S$0.20 to S$3.63 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

The nearest port or airport land is about 7.3 km away. The closest business-park zone is about 582 m away. The nearest MRT is Tai Seng MRT, 305 m away (about a 5-minute walk). The closest bus stop (Sky Green Condo) is 166 m away (about a 3-minute walk).

553 businesses are currently registered at this address with ACRA.

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Run the full zoning report for this building →

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. sqm ↔ sq ft converter

Official series (JTC, 2026Q3): Multiple-User Factory occupancy (island-wide) 90.3% (-0.7 pp on the year) · Single-User Factory occupancy (island-wide) 89.1% (0 pp on the year) · Warehouse occupancy (island-wide) 89.7% (+0.1 pp 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.

1. 7 Oct 2015RefusedFloor 1
   Change of use: warehouse → photography services

   Proposed change of use of unit #01-XX from warehouse to photography services at 18 howard road - novelty bizcentre

2. 19 Jun 2015ApprovedFloor 7
   Change of use to warehouse

   Proposed change of use of factory unit #07-XX to warehouse

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

An INDICATIVE street-level yield, not a yield for any particular unit: the current-quarter JTC street rent divided by the street's strata sale PSF median.

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

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

Browse every listing at this building →

Straight-line distances. Source: PropKaki amenities data.

• Professional, scientific and technical services
  133
• Wholesale and retail trade
  126
• Information and communications
  69
• Financial and insurance
  55
• Administrative and support services
  35
• Construction
  27
• Transportation and storage
  17
• Other services
  13
• Accommodation and food services
  12
• Arts, entertainment and recreation
  9

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. ACRA, as of 2026-09-16.

Street rent, median

S$26.60 psm/mo

Observed range

S$2.14 – S$39.11

JTC street medians span 2000 to today and are an all-time level, not today's asking rent; the forward pipeline is a forecast, not committed completions.