FreeholdCCRDistrict 11 (Novena)

Gilstead 38

Reviewed by Nathan TangUpdated 24 September 2026Data through Nov 2025 (URA)
Quick Summary

Gilstead 38 is a freehold apartment in District 11 (Novena) that obtained TOP in 1999, with 23 units across 1 block. Across 54 transactions on record, units have recently transacted around S$1.45M (S$1,297 psf, ~1,130 sqft).

Key facts about Gilstead 38
TenureFreehold
TOP year1999
DeveloperWAH KHIAW REALTY PTE LTD (HABITAT PROPERTIES GROUP)
Units23 in 1 block
District and areaDistrict 11 · Novena · CCR
Nearest MRTNewton MRT, 488 m (~8 min walk)
Latest median psfS$1,297 psf, last 12 URA caveats to Nov 2025
1

What's for sale and for rent at Gilstead 38?

Key Takeaway

No units at Gilstead 38 are listed for sale or for rent on the property portals PropKaki tracks right now.

Recorded sale prices are in the sections below. Search listings across Singapore →

2

What are the floor plans and unit sizes at Gilstead 38?

Key Takeaway

Floor plans for Gilstead 38 aren't in PropKaki's library yet. Across 54 URA caveats, units range from 980 sqft to 2,583 sqft, and the middle half are 980 sqft to 1,550 sqft.

3

What is the price and PSF at Gilstead 38?

Key Takeaway

Units have recently transacted around S$1.45M (S$1,297 psf), at a gross rental yield of about 2.6% (URA caveat data).

Recent median price

S$1.45M

recent · 54 sales on record

Median PSF

S$1,297 psf

recent transactions

Median rent (monthly)

S$3,187

154 rentals on record

Gross rental yield

2.6%

indicative, gross

Source: URA caveat data, through Nov 2025.

4

What has recently sold at Gilstead 38?

Key Takeaway

Gilstead 38 has 54 recorded sales; the most recent transacted at S$1,920,000 in Nov 2025 (URA caveat data).

DatePriceSize (sqft)PSF
Nov 2025S$1,920,0001,130S$1,699 psf
Mar 2025S$2,620,0001,959S$1,337 psf
Mar 2024S$1,850,000980S$1,889 psf
Nov 2022S$1,450,000980S$1,480 psf
May 2018S$1,850,0001,959S$944 psf
Sept 2017S$2,400,0002,540S$945 psf
Aug 2015S$1,430,000980S$1,460 psf
Aug 2012S$1,510,0001,959S$771 psf
Nov 2011S$1,350,000980S$1,378 psf
May 2011S$1,270,000980S$1,297 psf
Mar 2011S$1,450,0001,130S$1,283 psf
Mar 2011S$1,388,0001,130S$1,228 psf

54 sales and 154 rentals on record since Apr 1998. Source: URA.

5

Are prices at Gilstead 38 rising?

Key Takeaway

The median transacted PSF at Gilstead 38 has risen 63% over the past 27 years (19982025), from S$820 psf to S$1,337 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2025S$1,337 psfS$1.92M2+4.2%
2011S$1,283 psfS$1.35M4+56.5%
2009S$820 psfS$1.09M2-8.7%
2007S$898 psfS$1.30M9+32.6%
2004S$677 psfS$705k3-30.6%
2000S$975 psfS$955k2+35.0%
1999S$722 psfS$980k11-12.0%
1998S$820 psfS$870k13

Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.

6

Is Gilstead 38 a good investment?

Key Takeaway

Of 30 units at Gilstead 38 that were bought and later resold (bought from 1998, resold up to 2025), 87% sold for more than they were bought for, with a median gain of 26% over a median 7.3-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.6%. Past resale results don't predict future returns, and this is not financial advice.

Sold for more than bought

87%

of 30 resales here

Median gain

26%

gross, before costs

Median hold

7.3 years

bought to resold

Every unit at Gilstead 38 with a purchase and a later resale on record, matched from URA caveats. Check the odds for your unit size and holding period →

7

Where is Gilstead 38 and what's nearby?

Key Takeaway

Gilstead 38 is located in Novena, in the Central Region of Singapore.

Gilstead 38 is a freehold apartment completed in 1999. It was developed by WAH KHIAW REALTY PTE LTD (HABITAT PROPERTIES GROUP). The development has 23 residential units. It sits on a land area of 1,964 sqm and has a gross floor area of 2,750 sqm. The plot ratio is 1.4.

GILSTEAD 38 is located at 38 Gilstead Road, Singapore 309082. It is part of District 11, Watten Estate / Novena / Thomson, Novena. The project falls within the Central Region and the CCR market segment.

The nearest rail connection is Newton MRT, approximately 488m away, around 8 minutes on foot. Nearby amenities include United Square for shopping, COLD STORAGE SINGAPORE (1983) PTE LTD for groceries, Newton Food Centre for food options, and Gentle Dr Pg for greenery and recreation. Facilities in the development include Barbeque Area, Covered car park, 24 hours security, and Swimming pool.

8

How far is Gilstead 38 from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Gilstead 38 is Newton MRT, about 488 m away (~8 min walk). 5 schools are within 1 km, including 3 primary schools.

Getting around

Schools nearby

Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

  • Anglo-Chinese School (Primary)Primary schoolwithin 1 km · P1 priority394 m
  • Anglo-Chinese School (Barker Road)Secondary schoolwithin 1 km409 m
  • St. Joseph's Institution JuniorPrimary schoolwithin 1 km · P1 priority721 m
  • Catholic Junior CollegeJunior collegewithin 1 km848 m
  • Anglo-Chinese School (Junior)Primary schoolwithin 1 km · P1 priority998 m
  • Singapore Chinese Girls' SchoolSecondary school1.3 km
  • Singapore Chinese Girls' Primary SchoolPrimary school1.3 km
  • St. Joseph's InstitutionMixed-level school1.3 km

Shops, food & parks

Mall: United Square · 508 mSupermarket: Cold Storage Singapore (1983) Pte Ltd · 264 mHawker centre: Newton Food Centre · 694 mPark: Gentle Dr Pg · 303 m

Straight-line distances from the development. Source: PropKaki amenities data.

9

Who built Gilstead 38 and how big is the development?

Key Takeaway

Gilstead 38 was developed by WAH KHIAW REALTY PTE LTD (HABITAT PROPERTIES GROUP), with 23 units over up to 4 storeys.

Developer
WAH KHIAW REALTY PTE LTD (HABITAT PROPERTIES GROUP)
Floors
4 storeys
Blocks
1
Land area
1,964 sqm (21,140 sqft)
Gross floor area
2,750 sqm (29,601 sqft)
Plot ratio
1.40
10

What facilities does Gilstead 38 have?

Key Takeaway

Gilstead 38 has 4 facilities, including Barbeque Area, Covered car park, 24 hours security, Swimming pool.

Barbeque AreaCovered car park24 hours securitySwimming pool
11

What does it cost to own a unit at Gilstead 38?

Key Takeaway

Buying a unit at Gilstead 38 (~S$1.45M) needs about S$10,614/mo in income and S$4,883/mo in repayments, after S$42,600 stamp duty and a S$363k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.45M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →

Buyer's Stamp Duty

S$42,600

BSD, tiered

Downpayment (25%)

S$363k

cash + CPF

Monthly instalment

S$4,883/mo

30y @ 3.5%

Income required

S$10,614/mo

TDSR @ stress rate

Read how to tell if a condo is profitable →

12

How many property agents are active around Gilstead 38?

Key Takeaway

5,863 CEA-registered agents closed at least one recorded deal in District 11 — where Gilstead 38 sits — in the last 12 months, across all property types.

Active agents · 12mo

5,863

District 11 · closed ≥1 deal

Deals on record

30,351

all-time · all property types

Source: CEA public transaction records, attributed to District 11 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

Keep going in the PropKaki app

Thinking about Gilstead 38? Ask before you commit.

A fair-value read, recent comps and what a unit really costs — from Gilstead 38's own transactions.

PropKaki
Is Gilstead 38 a good buy, and what are units selling for?

Recent units at Gilstead 38 sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
13

Frequently asked questions about Gilstead 38

Is Gilstead 38 freehold?

Yes. Gilstead 38 is freehold, so ownership does not run out.

How old is Gilstead 38?

Gilstead 38 was completed (obtained TOP) in 1999, so it is about 27 years old.

Is Gilstead 38 a good investment?

Of 30 units at Gilstead 38 that were bought and later resold (bought from 1998, resold up to 2025), 87% sold for more than they were bought for, with a median gain of 26% over a median 7.3-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.6%. Past resale results don't predict future returns, and this is not financial advice.

Is Gilstead 38 an EC?

No. Gilstead 38 is a private apartment development, not an executive condominium (EC).

Who is the developer of Gilstead 38?

Gilstead 38 was developed by WAH KHIAW REALTY PTE LTD (HABITAT PROPERTIES GROUP).

What is the price of a condo at Gilstead 38?

Units at Gilstead 38 have recently sold for around S$1.45M (S$1,297 psf), the median of the last 12 URA caveats to Nov 2025. The price depends on size, floor and facing.

Where is Gilstead 38 located?

Gilstead 38 is at 38 Gilstead Road, Singapore 309082, in Novena (District 11). The nearest MRT station is Newton MRT, about 488 m away.

How many units are there in Gilstead 38?

Gilstead 38 has 23 units in 1 block, up to 4 storeys high.

How much do I need to earn to buy at Gilstead 38?

For a unit around S$1.45M as a first home, you'd need roughly S$10,614/mo in income (assessed at the stress-test rate), with repayments near S$4,883/mo after a S$363k (25%) downpayment and S$42,600 Buyer's Stamp Duty.

Are prices at Gilstead 38 going up?

The median price per square foot at Gilstead 38 has risen about 63% between 1998 and 2025, based on URA caveats. The year-by-year figures are in the price-trend table above.

Which primary schools are within 1 km of Gilstead 38?

Anglo-Chinese School (Primary), St. Joseph's Institution Junior, Anglo-Chinese School (Junior) are within 1 km of Gilstead 38. Homes within 1 km of a primary school get priority in Primary 1 (P1) registration.