Between Newton Road and Dunearn Road in prime District 11 located the quiet upmarket region around Gilstead Road, in addition to the landed property located in the neighborhood of Chancery Lane. The region was mostly bereft of residential jobs since 2016, when 26 Newton on Newton Road has been finished.
That can be set to change with all the 70-unit boutique growth 35 Gilstead.
View Leedon Green condo floor plan for more details.
Comprising three five-storey cubes, 35 Gilstead includes a mixture of unit types such as one-bedroom units of 474 to 710 sq feet, two-bedroom units of 549 into 743 sq feet, and three-bedroom components of 840 into 1,249 sq ft. There are also duplex penthouse units containing a mixture of three-bedroom units of 1,539 into 1,647 sq ft. Prices start from $1.29 million ($2,721 psf) to get a one-bedroom unit, roughly $3.6 million ($2,339 psf) for a penthouse unit.
Exclusive, nevertheless convenient
Together with 35 Gilstead, the developer expects to woo households with young kids, in addition to homeowners who need the exclusivity and solitude that accompanies living in a bigger residential improvement, says Jonathan Phua, CEO and executive director of Tee Land.
To appeal to the set of buyers, roughly 40 percent of those units at 35 Gilstead are three-bedroom units up to 1,249 sq ft. All units also feature a personal elevator to boost taxpayers’ privacy, states Phua.
“In terms of its place, I think 35 Gilstead gets got the best of both worlds, being near the Novena medical precinct in addition to the Newton region,” states Phua.
“This place will be suitable for residents, using direct bus routes to City Hall and many very good schools at the Bukit Timah area,” he adds.
Residents of 35 Gilstead will anticipate enjoying panoramic views of the surrounding regions. “The land really rests at the top of a mountain which overlooks the landed homes of the Chancery property, and by the upper floor of this evolution you’ll have the ability to check at the Anglo-Chinese School campus in Barker Road,” states Phua.
1 half 35 Gilstead confronts the two-storey combined landed property and the Bukit Tunggal Good Class Bungalow Area away Chancery Lane. The majority of the condominium amenities such as its infinity pool and fitness center is going to be built to maximise the views over those landed housing estates, states Phua.
35 Gilstead was available for trailer in April this year and also the showflat is on Prince Charles Crescent, near the Jervois region. Thus far, 11 units are offered at 35 Gilstead, based on URA Realis. The most recent trade was to get a 721 sq feet, two-bedroom unit that was sold for about $ 1.78 million ($2,471 psf) on July 23.
“Our typical beginning psf cost is roughly $2,400 psf, which I believe is not too high to get a brand new, freehold, residential development at the Core Central Region, particularly considering that there are new leasehold jobs on the marketplace which are coming near the 2,000 psf mark,” he adds.
So far this season, most buyers also have turned their focus towards new jobs in the east and those closer to the city center, which is just another reason why need has yet to pick up, he adds. Throughout the previous quarter, the east has witnessed new releases like MeyerHouse and Amber Park, although the town center has seen the launching of jobs such as Riviére and One Pearl Bank.
Looking forward, Tee Land claims that it plans to follow its strategy of creating freehold boutique improvements. “So farwe have not gone for Government Land Revenue websites, and we favor boutique improvements where we immediately associate with the landowners,” he states.
“We will continue what we’ve been doing all of this while, and this can be freehold boutique improvements. We will not detract from that unless we encourage joint-venture spouses [to join ],” he adds.