FreeholdCCRDistrict 11 (Novena)

Gilstead View

Reviewed by Nathan TangUpdated 10 August 2026Data through May 2007 (URA)
Quick Summary

Gilstead View is a freehold apartment in District 11 (Novena) that obtained TOP in 1991, with 110 units across 1 block. Across 31 transactions on record, units have recently transacted around S$630k (S$760 psf, ~850 sqft).

1

What are the key facts about Gilstead View?

Key Takeaway

Gilstead View is a freehold apartment in District 11 (Novena) that obtained TOP in 1991, with 110 units across 1 block.

Tenure
Freehold
TOP / Completion
1991
Developer
CHEDSTONE INVESTMENT HOLDINGS PTE LTD
Total units
110
Blocks
1
District / Area
District 11 (Novena)
Market segment
CCR
Median PSF
S$760 psf
Last transacted
May 2007
Remaining lease
Freehold
2

What is the price and PSF at Gilstead View?

Key Takeaway

Units have recently transacted around S$630k (S$760 psf), at a gross rental yield of about 3.7% (URA caveat data).

Recent median price

S$630k

recent · 31 sales on record

Median PSF

S$760 psf

recent transactions

Median rent (monthly)

S$1,950

223 rentals on record

Gross rental yield

3.7%

indicative, gross

Source: URA caveat data, through May 2007.

3

What has recently sold at Gilstead View?

Key Takeaway

Gilstead View has 31 recorded sales; the most recent transacted at S$96,500,000 in May 2007 (URA caveat data).

DatePriceSize (sqft)PSF
May 2007S$96,500,00053,863S$1,792 psf
Jun 2006S$682,000829S$823 psf
Mar 2006S$630,000829S$760 psf
Nov 2005S$620,000840S$738 psf
Nov 2003S$615,000840S$732 psf
Jun 2003S$550,000850S$647 psf
Aug 2002S$630,000850S$741 psf
Jun 2002S$630,000829S$760 psf
Nov 2001S$675,000850S$794 psf
Oct 2001S$593,000850S$697 psf
Aug 2001S$697,000850S$820 psf
Jun 2001S$650,000850S$764 psf

31 sales and 223 rentals on record since Apr 1995. Source: URA.

4

Are prices at Gilstead View rising?

Key Takeaway

The median transacted PSF at Gilstead View has fallen 27% over the past 11 years (19952006), from S$1,036 psf to S$760 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2006S$760 psfS$630k2+17.5%
2003S$647 psfS$550k2-12.7%
2002S$741 psfS$630k2-3.0%
2001S$764 psfS$650k4-15.6%
2000S$905 psfS$760k2+13.4%
1999S$798 psfS$670k8-29.7%
1996S$1,135 psfS$960k7+9.6%
1995S$1,036 psfS$870k2

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

5

How many property agents are active around Gilstead View?

Key Takeaway

5,862 CEA-registered agents closed at least one recorded deal in District 11 — where Gilstead View sits — in the last 12 months, across all property types.

Active agents · 12mo

5,862

District 11 · closed ≥1 deal

Deals on record

30,333

all-time · all property types

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

6

Where is Gilstead View and what's nearby?

Key Takeaway

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

Gilstead View is a freehold apartment completed in 1991. It was developed by CHEDSTONE INVESTMENT HOLDINGS PTE LTD. The development has 110 residential units. It sits on a land area of 8,867 sqm and has a gross floor area of 25,817 sqm. The plot ratio is 2.91.

GILSTEAD VIEW is located at 2 Gilstead Road, Singapore 309061. 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 135m away, around 2 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 Hooper Rd Pg for greenery and recreation. Facilities in the development include 24 hours security, Squash court, and Tennis courts.

7

Who built Gilstead View and how big is the development?

Key Takeaway

Gilstead View was developed by CHEDSTONE INVESTMENT HOLDINGS PTE LTD, with 110 units over up to 33 storeys.

Developer
CHEDSTONE INVESTMENT HOLDINGS PTE LTD
Floors
33 storeys
Blocks
1
Land area
8,867 sqm (95,444 sqft)
Gross floor area
25,817 sqm (277,892 sqft)
Plot ratio
2.91
8

How far is Gilstead View from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Gilstead View is Newton MRT, about 135 m away (~2 min walk). 4 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 priority494 m
  • Anglo-Chinese School (Barker Road)Secondary schoolwithin 1 km598 m
  • Anglo-Chinese School (Junior)Primary schoolwithin 1 km · P1 priority682 m
  • St. Joseph's Institution JuniorPrimary schoolwithin 1 km · P1 priority853 m
  • Catholic Junior CollegeJunior college1.1 km
  • Singapore Chinese Girls' SchoolSecondary school1.3 km
  • Singapore Chinese Girls' Primary SchoolPrimary school1.3 km
  • Farrer Park Primary SchoolPrimary school1.4 km

Shops, food & parks

Mall: United Square · 625 mSupermarket: Cold Storage Singapore (1983) Pte Ltd · 153 mHawker centre: Newton Food Centre · 360 mPark: Hooper Rd Pg · 599 m

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

9

What facilities does Gilstead View have?

Key Takeaway

Gilstead View has 3 facilities, including 24 hours security, Squash court, Tennis courts.

24 hours securitySquash courtTennis courts
10

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

Key Takeaway

Buying a unit at Gilstead View (~S$630k) needs about S$4,612/mo in income and S$2,122/mo in repayments, after S$13,500 stamp duty and a S$158k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$630k) 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$13,500

BSD, tiered

Downpayment (25%)

S$158k

cash + CPF

Monthly instalment

S$2,122/mo

30y @ 3.5%

Income required

S$4,612/mo

TDSR @ stress rate

Weighing it up as an investment? Gauge the odds with the profitability model, or read how to tell if a condo is profitable →

Keep going in the PropKaki app

Thinking about Gilstead View? Ask before you commit.

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

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

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

Ask anything about Singapore property…
11

Frequently asked questions about Gilstead View

How much does a unit at Gilstead View cost?

Units at Gilstead View have recently transacted around S$630k (S$760 psf), from 31 sales on record (URA caveats). The exact price depends on size, floor and facing.

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

For a unit around S$630k as a first home, you'd need roughly S$4,612/mo in income (assessed at the stress-test rate), with repayments near S$2,122/mo after a S$158k (25%) downpayment and S$13,500 Buyer's Stamp Duty.

Is Gilstead View a good investment?

Gross rental yield is about 3.7%; median PSF has fallen about 27% since 1995. Whether it suits you depends on your budget, holding period and the unit's size, floor and facing — all summarised on this page from URA data.

Are prices at Gilstead View going up?

The median transacted PSF at Gilstead View has fallen about 27% between 1995 and 2006, based on URA caveats. Year-by-year figures are in the price-trend table above.

Is Gilstead View freehold or leasehold?

Gilstead View is freehold — ownership does not expire.

When was Gilstead View built and who developed it?

Gilstead View obtained TOP in 1991, developed by CHEDSTONE INVESTMENT HOLDINGS PTE LTD, with 110 units across 1 block.

What is the nearest MRT to Gilstead View?

The nearest MRT/LRT station to Gilstead View is Newton MRT, about 135 m away (~2 min walk).

Which primary schools are within 1 km of Gilstead View?

Anglo-Chinese School (Primary), Anglo-Chinese School (Junior), St. Joseph's Institution Junior are within 1 km of Gilstead View — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

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