First and foremost is that both locals and foreigners are eligible to buy. Investor in Royal Square is exempted from No Seller Stamp Duty (SSD), Additional Buyer Stamp Duty (ABSD) as well as Loan Restrictions. Singapore laws for commercial investment do not have government regulations as compared to residential sector.
Secondly commuting systems such as Novena MRT and Changi Airport Singapore are easily accessible from the Royal Square. There is a comprehensive pedestrian network that links Royal Square with other localities in Novena like Velocity, Square 2, IRSA Building and Orchid Road. More to that the Royal Square complex will become a quintessential landmark towering at the junction of Thomson and Irrawady Road in district 11, hence it will be easy to identify.
Owed to its quality health and medical facilities Novena has been experiencing an increasing influx of international patients annually. In addition to this booming medical tourism, statistics indicate that Central Singapore has a high population of aged people than any region of the country. People aged 65 years and above account for 15% of the population in central Singapore as compared to 10% of the national average.
This resonate to increase in demand for medical facilities for elderly healthcare and medical tourist. On August 30 2013, Singapore unveiled its largest healthcare complex master plan named Health City Novena. By the year 2030 Novena is designed be a 17- hectare integrated medical complex incorporating 10 buildings including Tan Tock hospital. The 171 medical suites reflects Royal Square value as it is a major development part of the of the envisioned 2030 Health City of Novena. The building is environment-friendly designed for GreenMark Platinum Award.
With the completion of this mega Health City of Novena, the number of daily visitors to this premises is projected to rise to 30,000. These people will subsequently increase demands for other essential services such as shops, restaurants and hotel accommodation. Being a medical complex in-housing hotel, restaurants and retail shops units, the Royal Square will be a lucrative place to invest. www.royalsquare.info has all the information required on the latest pricing and units available of Royal Square.
Finally but not least Royal Square offer excellent rental investments with great potential for capital appreciation. Surprisingly this complex has the first and only retail shops open for sale within Health City Novena and therefore an opportunity not only for medical practitioners but also for commercial investors or partnership with health providers. Medical suites for commercial properties are rarer in supply. Other medical suites like Mount Elizabeth hospital and Gleneagles are strictly sold to doctors or medical experts only.