Property ID : Royal Square
99 Year Leasehold, Leasehold $2,041,000 - Commercial (Retail), Hotel, Medical Suites, Mixed Development, Restaurant
Royal Square @ Novena
New Property Launch | Royal Square
Over the years, Novena has become a prominent health care city in Singapore. The establishment started in the 1909 via Tan Tock Seng hospital. After that, numerous medical centres and institutions have developed in this area. By the superior medical technology and specialists via Novena, Singapore has become the world’s largest medical hub. Singapore owns the largest medical tourism, looking for unrivalled medical attention, in the world. Thus millions of people visit this country, especially in Novena, for medical attention. This indicates a good deal of income in the medical industry. Keeping this in mind, and as Novena has already renowned as a medical hub, numerous other voluntary and public medical centres was established over the time, making this city much more legitimate as a distinguished medical cluster.
Royal Square – Investment Choice
Investors have secured their investment in the medical industry as it is a recession proof market. The proximity of medical schools and increasing demand of medical support has made this place costly than ever. So if you can own a place here with such first-rate amenities, you will surely double your investment. Royal Square, being the latest addition, has increased the opportunity of promising investment returns for both the investors and people, who look forward to own a unit or more to continue their profession related to the medical industry. With so many coming new condo launches around the vicinity of Royal Square like: 6 Derbyshire being the nearest, ARC 380 (mixed development, similar to Royal Square), Hexacube (mixed development, similar to Royal Square), the Heart of Singapore – EON Shenton, The Rise @ Oxley and lastly, the freehold new launch condo – Forte Suites.
How Royal Square can be a profitable choice?
Firstly, the amenities of Royal Square are promising and thus it becomes a secure investment. The building itself is going to be a superior medical hub in this prominent city. The reason is simple behind this affirmation. This building is designed in such manner so that it can accommodate each people who will be here to get medical attention with its Hotel, which runs from level 22 to 33. Though these levels are not for sale, they will surely increase the opportunity for investment. With 25 units of shops and 26 units of restaurants on the 1st, 2nd and 6th floors, you will be spoilt for choice. After that, the main opportunity, Medical Suites from level 7 to 21. The attraction will increase by reserved floors for medical specialists which are level 7 to 21. You can find Day Surgery Centre, Imaging Centre and Laboratory facilities within the Development and these are going to attract numerous people here boosting others’ investment. The 3-storey car park is at level 3 to 5.
Secondly, this new launch is located in the prime District 12 and Singapore has something in mind developing this area as a complete medical cluster. The newly unveiled plan indicates superior opportunity for medical industry and Royal Square is going to taste the most of it as it is positioned at the central of this medical hub.
Thirdly, this new property launch is sited closely to some prominent MRT stations. There is a covered link-way leading to Novena MRT which is close to this new launch property, connecting this place to other parts of the city. PIE, CTE and the future North-South Expressway (NSE) are close by, offering this place a swift connectivity throughout the country while buses are offering great public transport.
Looking at the few hot selling new launches (near proximity to Royal Square) which are good odds against the 9 rounds of cooling measures in Singapore that were either more than 50% sold or are 100% sold projects such as:
- The Citron Residences – mixed development with its residential units 100% SOLD
- City Gate – mixed development with its commercial units 50% SOLD during the Preview
- Asecnt @ 456 – mixed development at Balestier 50% SOLD units
- Kallang Riverside Condo – mixed development with half of its units sold.
Novena is a well-known medical hub, with Tan Tock Seng Hospital, Novena Medical Centre, National Skin Centre, National Neuroscience Institute, Mount Elizabeth Novena Hospital and Health City Novena. And Royal Square is only within walking distance to all these establishments. Tons of medical experts choose to live here as this is a prime area for medical industry.
In years to come, there will be an increasing need of medical centres and expertise, guided by expanding medical tourism, number of doctors, an ageing population, and thriving awareness for medical aesthetics. This is a rare opportunity to own and/or invest in medical suites, retail & F&B spaces and Royal Square can offer you this chance.
Mixed Development is the next investor property choice
There are a few kinds of mixed development around. By the stats above, you can see where investors and property buyers are heading to. Examples of mixed development types are: Hotel with commercial, Office with retails and F&B, Residential with Commercial. To name a few; NEWest Condo and NEWest Commercial, North Park Residences (Yishun North Point) and Eight Riversuites.
This new launch is offering the most affordable property prices in Singapore and if you really want to grab this rare opportunity of secure investment, you should buy your own place. Why rent when you can own one?
|Project Name||Royal Square at Novena|
|Developer||Hoi Hup Sunway Novena Pte Ltd|
|Address||101 Irrawaddy Road/ 103 Irrawaddy Road|
|Status||Commercial and Hotel Development|
|Total No. of Units||Shops – 25 / Restaurants – 26 / Medical Suites – 171|
|Tenure||99 Years Leasehold|