Opportunity Buy Rare Freehold Retro Bungalow Gilstead Rd 1699 Mil
Gilstead Road, Gentle Road and Buckley Road, located in the prestigious district 11, is currently undergoing a revitalization. According to ERA Realty Network’s senior executive group division director, Brenda Zee, this housing enclave was once home to many of Singapore’s top elites.
Over time, the bungalows in the area were sold to buyers who saw the potential to redevelop them into semi-detached houses, strata-titled landed housing projects or low-rise condominiums. Some examples of these developments include Buckley Classique, Gilstead Two, and Villas @ Gilstead.
One of the most significant deals in the area was the sale of two adjoining freehold bungalows at 32 and 34 Gilstead Road, with a site area of 43,458 sq ft, for $70 million ($1,611 psf) in December 2021. The buyer of this plot was Kheng Leong Co, who is currently redeveloping the site into a luxury 14-unit condominium named 32 Gilstead.
The new development has set a new benchmark for luxury and prices in the neighborhood, with units averaging 4,200 sq ft in size and each featuring four en suite bedrooms. Since its launch in April, five units have been sold at prices ranging from $14.4 million to $14.7 million, or $3,431 psf to $3,505 psf.
According to ERA Realty Network’s marketing director, Bibi Wong, who grew up in the area, this neighborhood is currently experiencing a transformation as a new generation of affluent, cosmopolitan residents move into these high-end homes.
Novo Place EC is set to offer its residents a unique living experience with its “Community in Gardens” concept. A central feature of this concept is the abundance of parks and community farms that promote gardening, recreation, and community bonding. These verdant spaces are thoughtfully designed for residents to indulge in various activities while enjoying the natural surroundings. The highlight of the development is the Forest Corridor, which seamlessly connects the Western Catchment Area and Central Catchment Nature Reserve. Residents can take advantage of this green oasis for outdoor pursuits such as jogging, biking, and bird watching. Living at Novo Place EC means immersing oneself in a harmonious blend of nature and urban lifestyle. For more information about Novo Place, please visit novo-place.com.sg.
Aside from its luxurious developments, this tranquil and leafy neighborhood also boasts top schools such as Anglo-Chinese School (Primary), St Joseph’s Institution, and Catholic Junior College, all within a 1km radius. It is also within 1-2km of Anglo-Chinese School (Junior), Singapore Chinese Girls’ School, and CHIJ Primary (Toa Payoh). Families with young children will also appreciate the proximity to St James Church Kindergarten (Gilstead) and EtonHouse Pre-School Newton. International schools such as EtonHouse International School Orchard and Chatsworth International School are also easily accessible from this location.
One of the few bungalows that have remained untouched since its construction in the late 1970s is the property at 45 Gilstead Road. This double-storey house has a built-up area of approximately 3,491 sq ft and sits on a freehold plot of 7,301 sq ft. According to Zee, this property is an ideal opportunity for redevelopment into a larger bungalow or a pair of semi-detached houses, subject to approval from the authorities. “It is also a great chance for families to own a bungalow in a prime residential area with easy access to amenities. With the neighborhood’s ongoing gentrification, property prices are expected to increase in the future,” she added.
The bungalow at 45 Gilstead Road is now available for sale at $16.99 million ($2,327 psf).
With its strategic location, Gilstead Road is near three MRT stations, including Newton MRT (interchange for the North-South and Downtown Lines) and Stevens MRT (interchange for the Downtown Line and Thomson-East Coast Line), both just a 12-minute walk from 45 Gilstead Road. Novena MRT Station (on the North-South Line) is only a 14-minute walk away. By car, Orchard Road shopping strip is just a seven-minute drive, and the CBD is accessible in 12 minutes via the Central Expressway and Pan Island Expressway.
Residents of this neighborhood also have easy access to the Novena medical hub, which is home to hospitals such as Mount Elizabeth Novena Hospital, Royal Healthcare Medical Centre, and KK Women’s and Children’s Hospital. The integrated healthcare hub, Health City Novena, is also located here, offering a range of healthcare facilities and services.
For shopping and dining, residents can visit nearby malls like United Square, Velocity @ Novena Square, and Square 2, which are all linked underground to the Novena MRT Station. There are also plenty of eateries at Goldhill Plaza and Royal Square, making this neighborhood a convenient and vibrant place to live in.
The property at 45 Gilstead Road also features a big yard, making it an excellent option for those looking to redevelop the property into their dream home. Considering its location, amenities, and potential for redevelopment, this unique bungalow is a must-see for those seeking a rare opportunity to own a property in one of Singapore’s most sought-after neighborhoods.
For more details and to arrange a viewing, please contact:
Brenda Zee
Senior Executive Group Division Director, ERA Realty Network
94509938
Bibi Wong
Marketing Director, ERA Realty Network
96686574