32 - 34 GILSTEAD ROAD

REGISTER INTEREST

32-34 Gilstead Road

FREEHOLD

Sold Enbloc Feb 2022 For $70m

Developer: Kheng Leong

CALL 6100 8108REGISTER INTEREST
DISTRICT
D11 - NOVENA
UNITS
Est 56 UNITS
PROPERTY TYPE
CONDO
TENURE
FREEHOLD

Register Interest for 32-34 Gilstead Road Enbloc!

In Sep 2021, a pair of bungalows at 32-34 Gilstead Road was put up for sale via tender, at an asking price of S$91.8 million, which translates to a land rate of about S$2,001 per square foot per plot ratio, including the estimated development charge.

The site, which spans about 43,457 sq ft, can be redeveloped to accommodate up to 56 residential units, subject to planning approval.

Subsequently in Feb 2022, the site was sold to Peak Vista (wholly owned by Kheng Leong Company) for $70m, or a land rate of $1,643 psf ppr.

Near amenities United Square, Novena Square and Balmoral Plaza
Wiithin 1km to Anglo-Chinese School (Junior), Anglo-Chinese School (Primary) and St. Joseph's Institution Junior.
Estimated Public Launch : 2Q 2023

Register Your Interest Today!

By submitting this form, you agree to be contacted by our appointed sales team and associates.

32-34 Gilstead Road Street View

Press Coverage 
Kheng Leong bags Gilstead Road site for S$70m

7 Feb 2022

Gilstead Road saw two freehold residential redevelopment sites change hands, with Peak Vista – which is wholly owned by Kheng Leong Company – buying two bungalows with a combined area of 43,457 sq m for $70 million, reported The Business Times (BT).

Located between Newton and Novena MRT stations, the District 11 site is zoned for residential use under the 2019 Master Plan with a plot ratio of 1.4. A back-of-the-envelope calculation by BT indicates that the price works out to around $1,643 per sq ft per plot ratio (psf ppr) inclusive of development charges.

Reference

Press Coverage 
Gilstead Road site up for sale with S$91.8m asking price

22 Sep 2021

A FREEHOLD residential site located at Gilstead Road has been put up for sale via tender.

The owners, a family, are asking for S$91.8 million, which translates to a land rate of about S$2,001 per square foot per plot ratio, including the estimated development charge.

Sole marketing agent Edmund Tie said the site, which spans about 43,457 sq ft, can be redeveloped to accommodate up to 56 residential units, subject to planning approval.

The land plot is zoned for residential use under the Urban Redevelopment Authority's Master Plan 2019 and has a plot ratio of 1.4.

The site is surrounded by landed housing and is within the vicinity of the Bukit Tunggal Good Class Bungalow area. The closest MRT stations are Newton and Novena.

Reference

Property Review SG homeapartmentlicensemap