{"id":122166,"date":"2021-09-23T01:05:27","date_gmt":"2021-09-22T18:05:27","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-road-residential-site-up-for-sale-for-91-8mil\/"},"modified":"2021-09-23T09:25:30","modified_gmt":"2021-09-23T02:25:30","slug":"gilstead-road-residential-site-up-for-sale-for-91-8mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-road-residential-site-up-for-sale-for-91-8mil\/","title":{"rendered":"Gilstead Road residential site up for sale for $91.8mil"},"content":{"rendered":"


\nGilstead Road residential site up for sale for $91.8milSole marketing agent Edmund Tie said the price works out to a land rate of about $2,001 per sq ft per plot ratio (psf ppr), including the estimated development charge. Photo: Edmund Tie
\nA freehold residential site at Gilstead Road in District 11 has been put up for sale via tender with an asking price of $91.8 million.
\nSole marketing agent Edmund Tie said the price works out to a land rate of about $2,001 per sq ft per plot ratio (psf ppr), including the estimated development charge.
\nUnder the 2019 Master Plan, the 4,037.3 sq m (43,457 sq ft) site is zoned for Residential use with a plot ratio of 1.4. It could be redeveloped to accommodate up to 56 housing units, subject to planning approval.
\nEdmund Tie noted that the property is surrounded by landed housing as well as Bukit Tunggal good class bungalow\u00a0(GCB) area. It is also close to the Novena MRT station and Newton MRT interchange as well as various amenities including Novena Square, Balmoral Plaza and United Square.
\nNearby schools include Anglo-Chinese School (Primary), Anglo-Chinese School (Junior) and St. Joseph\u2019s Institution Junior.
\nThe site is well connected to other parts of Singapore via expressways and major roads such as Pan Island Expressway (PIE), Central Expressway (CTE), Bukit Timah Road, Dunearn Road and Newton Road.
\n\u201cThe property, which is held by a family, presents an exceptional opportunity for immediate redevelopment, without having to deal with the uncertain timeline for a collective sale,\u201d said Swee Shou Fern, Executive Director of Investment Advisory Services at Edmund Tie.
\n\u201cThe palatable quantum and strategic location of the site further enhance the appeal of the property for developers.\u201d
\nThe tender for the site closes on 27 October.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email:\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Gilstead Road residential site up for sale for .8mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gilstead Road residential site up for sale for $91.8milSole marketing agent Edmund Tie said the...<\/p>\n","protected":false},"author":1,"featured_media":122167,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/32_34-Gilstead-Rd_00019-crop.jpg?fit=819%2C411&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vMq","jetpack-related-posts":[{"id":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":122166,"position":0},"title":"Gilstead Court, Elizabeth Towers launched for collective sale","date":"June 7, 2018","format":false,"excerpt":"\r Elizabeth Towers off Orchard Road in District 9 has a reserve price of $610 million or $2,416 psf ppr. (Photo: Knight Frank Singapore) The en bloc fever continues to heat up with two more freehold sites \u2013 Gilstead Court and Elizabeth Towers \u2013 launched for sale. The owners of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-in-district-11-up-for-sale-for-at-least-68m\/","url_meta":{"origin":122166,"position":1},"title":"Gilstead Mansion in District 11 up for sale for at least $68m","date":"May 31, 2018","format":false,"excerpt":"\r The freehold project sits on a 35,751 sq ft site and is close to the Newton, Novena and Little India MRT stations. (Photo: Teakhwa Real Estate) Gilstead Mansion, a 24-unit freehold condominium in District 11, has been launched for collective sale via public tender, with the owners hoping to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70106,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/crystal-tower-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":122166,"position":2},"title":"Crystal Tower relaunched for collective sale at lower price","date":"October 26, 2017","format":false,"excerpt":"\r Built in the 1970s, the 28-unit Crystal Tower is now going for $138 million. (Photo: Edmund Tie) Crystal Tower, a freehold residential site at Ewe Boon Road, has been put up for en bloc sale again at $138 million, marketing agent Edmund Tie & Co. said on Thursday (26\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":122166,"position":3},"title":"Gilstead Mansion relaunched for collective sale at lower price","date":"October 25, 2018","format":false,"excerpt":"\r The 24-unit residential development has been relaunched for collective sale at a guide price of $65 million. (Photo: Teakhwa Real Estate) In a bid to beat the clock before the new rules on unit sizes outside the central area kick in as well as the chill of property cooling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/makeway-view-sold-for-168m-to-bukit-sembawang\/","url_meta":{"origin":122166,"position":4},"title":"Makeway View sold for $168m to Bukit Sembawang","date":"March 23, 2018","format":false,"excerpt":"\r Makeway View comprises 28 apartments and four penthouses, and is close to Newton MRT interchange. (Photo: Edmund Tie & Co) The freehold Makeway View condominium in Newton has been sold to Bukit Sembawang Estates for $168 million, marketing agent Edmund Tie & Co said on Thursday (22 Mar). Completed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-projects-seek-to-revive-en-bloc-attempt-at-lower-prices\/","url_meta":{"origin":122166,"position":5},"title":"Two projects seek to revive en bloc attempt at lower prices","date":"January 30, 2019","format":false,"excerpt":"\r Gilstead Court, a residential development at the Novena-Newton area in District 11, has been relaunched for collective sale via tender at a potentially lower reserve price, revealed marketing agent JLL on Tuesday (29 Jan). 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