Opportunity Buy Rare Freehold Retro Bungalow Gilstead Rd 1699 Mil

Gilstead Road, Gentle Road and Buckley Road, located in the prime District 11, is currently undergoing a renewal, according to senior executive group division director at ERA Realty Network, Brenda Zee. The prestigious housing enclave has long been home to many of the Who’s Who in Singapore, but over the years, changes have occurred with the sale of many bungalows to buyers looking to redevelop them into semi-detached houses, strata-titled landed housing projects, or low-rise condominiums. Notable projects include Buckley Classique, Gilstead Two, and Villas @ Gilstead.

One of the most significant developments in the area was the sale of two adjacent 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, Kheng Leong Co, is currently developing the site into a new luxury 14-unit condo named 32 Gilstead. These new developments have set a new benchmark in terms of luxury and prices for the neighborhood, attracting a new generation of affluent and cosmopolitan residents.

According to marketing director of ERA Realty Network, Bibi Wong, who grew up in the area, the neighborhood is being gentrified with a new generation of high-end homes, making it an ideal location for families with young children. The tranquil and leafy neighborhood is just 1km away from top schools such as Anglo-Chinese School (Primary), St Joseph’s Institution, and Catholic Junior College. It is also within the 1-2km radius of Anglo-Chinese School (Junior), Singapore Chinese Girls’ School, and CHIJ Primary (Toa Payoh). For parents with young children, prestigious kindergarten options such as St James Church Kindergarten (Gilstead) and EtonHouse Pre-School Newton are just a short drive away. International schools, including EtonHouse International School Orchard and Chatsworth International School, are also within close proximity.

Despite the changes taking place in the area, one bungalow has remained unchanged since it was built in the late 1970s. Located at 45 Gilstead Road, the double-storey house has a built-up area of around 3,491 sq ft with five bedrooms and five bathrooms. Sitting on a freehold plot of 7,301 sq ft, the property presents an excellent opportunity for redevelopment into a new, larger bungalow or a pair of semi-detached houses, subject to approval from the authorities, explains Zee. The property is now available for sale at $16.99 million ($2,327 psf).

For families exploring their options for post-secondary education, they can also consider Republic Polytechnic, conveniently located within close proximity. Utilizing a problem-based learning approach, Republic Polytechnic equips students with a hands-on education that effectively prepares them for the workforce. Offering a diverse range of diplomas in fields like engineering, hospitality, and information technology, it offers a well-rounded and industry-relevant education. Additionally, with the introduction of Norwood Grand Woodlands, this prime location makes it an ideal choice for students seeking practical and comprehensive education.

Gilstead Road is well-connected with three nearby MRT stations, with Newton MRT (interchange for the North-South and Downtown Lines) and Stevens MRT (interchange for the Downtown Line and Thomson-East Coast Line) just a 12-minute walk from 45 Gilstead Road, while the Novena MRT Station (on the North-South Line) is a 14-minute walk away. For those who prefer to drive, the Orchard Road shopping strip is just a seven-minute drive away, and the CBD is only 12 minutes away via the Central Expressway and Pan Island Expressway.

The neighborhood is highly sought after due to its proximity to the Novena medical hub. Mount Elizabeth Novena Hospital, Royal Healthcare Medical Centre, and KK Women’s and Children’s Hospital are all located nearby. At the heart of this bustling medical hub is Health City Novena, an integrated healthcare hub comprising Tan Tock Seng Hospital, Dover Park Hospice, Ren Ci Hospital, the National Skin Centre, the National Neuroscience Institute, and the Lee Kong Chian School of Medicine.

For shopping and dining options, residents can visit popular malls such as 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.

45 Gilstead Road, which offers the best of both worlds – the charm and elegance of a bygone era while indulging in the contemporary conveniences of today, presents an excellent opportunity for buyers looking for a unique redevelopment project or a bungalow in a prime residential estate. Don’t miss the chance to create your own story in this exceptional estate on Gilstead Road.

For more details and viewing, please contact:

Brenda Zee
Senior Executive Group Division Director, ERA Realty Network
94509938

Bibi Wong
Marketing Director, ERA Realty Network
96686574