Overview & Key Facts
GILSTEAD 38 is a freehold condominium at GILSTEAD ROAD in District 11 (CCR), developed by WAH KHIAW REALTY PTE LTD (HABITAT PROPERTIES GROUP), comprising 23 units, completed in 2001.
Location & Connectivity
GILSTEAD 38 is approximately 490m from Newton MRT station, with 6 stations within 1.5 km.
Schools & Education
14 schools within 2 km (5 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Singapore Chinese Girls' School (Primary) | Primary | 370m |
| Anglo-Chinese School (Primary) | Primary | 500m |
| St. Joseph's Institution | Secondary | 710m |
| St. Margaret's Primary School | Primary | 740m |
| St. Margaret's Secondary School | Secondary | 800m |
| CHIJ Our Lady Queen of Peace | Primary | 1.1 km |
| St. Anthony's Primary School | Primary | 1.2 km |
| New Town Primary School | Primary | 1.3 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 3 | $1,689 psf | $1,740,000 |
| 5+ BR | 1 | $1,337 psf | $2,620,000 |
Market Position
GILSTEAD 38 has recorded 4 sales at an average price of $1,960,000.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2022 | 1 | $1,480 psf | — |
| 2024 | 1 | $1,889 psf | ↑ 27.6% |
| 2025 | 2 | $1,518 psf | ↓ 19.6% |
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GILSTEAD 38 prices have cooled 19.6% from the 2024 peak, yet remain 2.6% above where the series began in 2022.
Price Index Check
The ShiokNest Price Index for District 11 reads 121.2 as of June 2026 — up 1.7% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| PULLMAN RESIDENCES NEWTON | Freehold | $3,074 psf | 288 |
| WATTEN HOUSE | Freehold | $3,236 psf | 180 |
| SOLEIL @ SINARAN | 99 yrs lease commencing from 2006 | $1,979 psf | 96 |
| PEAK RESIDENCE | Freehold | $2,489 psf | 90 |
| AMARYLLIS VILLE | 99 yrs lease commencing from 1997 | $1,909 psf | 74 |
What Could Work Against You
- Only 1 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 23 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
This is a strong match for mrt-walkable commuters, international school families, long-term hold (10+ yr) and freehold / generational hold. Located ~494m from Newton MRT, this property is a comfortable daily walk for transit commuters.
en-bloc speculators and foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for yield-focused investors and resort facilities — other options likely serve them better. CCR (Core Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
GILSTEAD 38 is a freehold development in District 11 (CCR), with 23 units, offering a gross yield of 2.5%.
At ~$1,518 psf, it reflects its premium CCR positioning.
Explore the full GILSTEAD 38 dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing GILSTEAD 38 against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (950m away), an upgrader gap of about $1,100,000
- Toa Payoh — 4-room average $929,793 (1.4 km away), an upgrader gap of about $1,050,000
- Central Area — 4-room average $1,088,814 (1.8 km away), an upgrader gap of about $850,000
FAQ
What is the average PSF for GILSTEAD 38?
Is GILSTEAD 38 freehold?
What is the rental yield for GILSTEAD 38?
Which MRT is nearest to GILSTEAD 38?
Sources & Next Steps
- GILSTEAD 38 Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 11 (Watten Estate, Novena, Thomson) — District 11 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 4 transactions
- Rental data: 28 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Nov 2025 · 4 records analysed · Source: URA private-sale caveats