Gilstead Court in District 11 up for en bloc sale at $168m
It can be redeveloped into a five-storey boutique development.
07 Jun 18
Gilstead Court, an en bloc sale site along Gilstead Road, has just been launched for sale by tender at an asking price of $168m, its marketing agent JLL revealed.
According to an announcement, Gilstead Court comprises 24 apartments of 129 sqm each and 24 apartments of 136 sqm each, totalling 48 units in three four-storey apartment blocks. More than 80% of the owners have consented to the en bloc sale.
Under the 2014 Master Plan, the 75,479 sqft site is zoned ‘Residential’ with a gross plot ratio of 1.4. It may be redeveloped to accommodate a five-storey boutique development. It is just a 250-metre walk to the Novena MRT Station …..
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