Commercial · Novena
Elevate Novena Medical Suites
9 Irrawaddy Road, Novena, Singapore 329560
112 freehold specialist medical suites at the heart of Health City Novena, Singapore's medical district.
Overview
The development
Elevate Novena Medical Suites delivers 112 freehold strata clinics purpose-engineered for specialist practice: 3.4-metre slab-to-slab heights, lead-lined imaging-ready walls in selected units, medical gas risers and dedicated patient lift cores. Medical suites in Novena are among the most tightly held commercial assets in Singapore.
Investment highlights
- Freehold tenure — exceptionally rare for medical strata
- Within Health City Novena's 17-hectare master plan
- Imaging-ready and medical-gas-enabled units available
- Three minutes to Novena MRT (NS Line)
- Longest average tenancy duration of any commercial class
- Developer
- Elevate Properties Pte. Ltd.
- District
- District 11
- Tenure
- Freehold
- Classification
- Commercial
- Construction stage
- Interior fit-out — topped out, M&E commissioning
- Completion
- Q2 2027
- Total scale
- 112 medical suites
- Price from
- S$3.06M
- Price range
- S$4,100 – S$4,560 psf
- Blended ROI
- 7.9% p.a. blended
- Rental yield
- 3.8 – 4.3%
- Capital appreciation
- 5.2% p.a. (5-year precinct average)
Construction progress
Where the build stands today
Unit types
Pricing and returns by unit
| Unit type | Floor area | Starting price | Current market | Down payment | Installments | Monthly | Rental income | Yield | Appreciation |
|---|---|---|---|---|---|---|---|---|---|
| Consultation Suite | 753 sq ft (70 sqm) | S$3,060,000 | S$3,210,000 | S$612,000 (20%) | 24 months to TOP | S$10,820 | S$10,200 / month | 4.0% | 5.0% p.a. |
| Specialist Clinic | 1,292 sq ft (120 sqm) | S$5,300,000 | S$5,560,000 | S$1,060,000 (20%) | 24 months to TOP | S$18,750 | S$17,900 / month | 4.1% | 5.2% p.a. |
| Imaging Suite | 1,830 sq ft (170 sqm) | S$7,860,000 | S$8,240,000 | S$1,572,000 (20%) | 24 months to TOP | S$27,800 | S$26,900 / month | 4.1% | 5.3% p.a. |
| Day Surgery Floor | 4,306 sq ft (400 sqm) | S$18,500,000 | S$19,400,000 | S$3,700,000 (20%) | 24 months to TOP | S$65,440 | S$64,600 / month | 4.2% | 5.4% p.a. |
| Ground Retail / Pharmacy | 861 sq ft (80 sqm) | S$3,780,000 | S$3,960,000 | S$756,000 (20%) | 24 months to TOP | S$13,370 | S$13,600 / month | 4.3% | 5.1% p.a. |
All units are sold under the Progressive Payment Scheme. Monthly figures assume 75% financing at 3.5% over 25 years from Temporary Occupation Permit. Indicative only.
Payment plan
Progressive payment schedule
5%
Booking fee (Option to Purchase)
On reservation
15%
Exercise of Sale & Purchase Agreement
Within 8 weeks
10%
Completion of foundation works
Certified milestone
10%
Completion of reinforced concrete framework
Certified milestone
5%
Completion of brick walls
Certified milestone
5%
Completion of roofing and ceiling
Certified milestone
5%
Completion of door and window frames
Certified milestone
5%
Completion of car park, roads and drains
Certified milestone
25%
Temporary Occupation Permit (TOP)
On handover
15%
Certificate of Statutory Completion
12 months after TOP
Gallery
Renders, interiors, amenities and plans
20 professionally organised images across exterior, interior, workspace, amenities, plans and construction progress.
Amenities
Facilities
- Shared day-surgery and recovery suite
- Patient concierge and waiting lounge
- Dedicated patient and service lift cores
- Pharmacy and diagnostic laboratory on site
- Practitioner lounge and CME seminar room
- Ambulance-accessible drop-off
- 180 patient parking bays
- 24-hour building management
Location
Exact position & connectivity
Neighbourhood
What's nearby
MRT stations
- Novena (NS) — 3 min walk
- Newton (NS/DT) — 8 min walk
- Toa Payoh (NS) — 5 min drive
Schools
- Anglo-Chinese School (Barker Road)
- St Joseph's Institution
- Singapore Chinese Girls' School
Shopping centres
- Velocity @ Novena Square
- United Square
- Square 2
Hospitals
- Tan Tock Seng Hospital
- Mount Elizabeth Novena
- National Skin Centre
FAQ
Frequently asked questions
Enquire
Request the full pack
Brochure, floor plans, price list and payment schedule sent within one business day.
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