GILSTEAD TWO: Novena Apartment | Details & Reviews

Name: GILSTEAD TWO
Brand: GILSTEAD TWO
SKU: GILSTEAD TWO
Rating: 3.2 (5 reviews)

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Gilstead Two

Sale Price *

Average

S$ 2,277 psf

Range

S$ 2,157 - 2,508 psf

Rental Price **

Average

S$ 5.8 psf pm

Range

S$ 4.7 - 7.1 psf pm

Rental Yield **

3.0%

Rental income expressed as a percentage of the property's value.

Amenities

3.3

Convenience

4.2

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities

0 Facilities Available

Description

Gilstead Two is a freehold apartment completed in 2014. It is developed by CHEDSTONE INVESTMENT HOLDINGS PTE LTD and designed by JGP ARCHITECTURE (S) PTE LTD. The development occupies a land area of 8,867 sqm and a Gross Floor Area of 25,817 sqm. It consists of 110 units. According to records, buyers of this development are Singaporean 77.1%, PR 8.6%, Foreigner 12.1%, Company 2.1%.

GILSTEAD TWO is located along Gilstead Road in Novena, in District 11. It is accessible through the nearest MRTs including Newton DT11, NS21 and Novena NS20.

Based on transaction data in the last 12 months, sale prices range from S$ 2,157 psf to S$ 2,508 psf at an average of S$ 2,277 psf. Its highest recorded transaction was S$ 2,508 psf in Nov 2023 for a 904-sqft unit. Its lowest recorded transaction was S$ 1,374 psf in Jun 2010 for a 1,572-sqft unit. Its current rental yield is at 3.0%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): BALMORAL PLAZA, GOLDHILL PLAZA, UNITED SQUARE.

Buyers and tenants are attracted to District 11, which is comprised of Thomson, Watten Estate, Novena and Newton. This area is famous for a number of renowned schools, religious houses and elite residential estates. With forests and reservoirs scattered around the Thomson area, property prices here are significantly higher compared to other parts of Singapore. The Watten district next to Bukit Timah is one of the most prestigious locations for residential estates in Singapore, sharing forest and golf course greenery as well as being close to Singapore’s Central Business District. Novena is home to the Inland Revenue Authority Building and Singapore’s largest medical centre, Tan Tock Seng Hospital. Although Newton’s pace of life is relatively slow compared to neighbouring Tanglin and Orchard, its residential properties remain expensive, as it’s strategically located between Orchard Road and Bukit Timah.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.

What they say

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"Overall is not as per expectation, especially the construction noise is EXTREMELY TERRIBLE - Monday to Saturday 8.30am-6pm+. WFH is really challenging as sometimes video call disrupted a lots despite the noise. The only "ear-peace-day" is Sunday. Also, the grab/taxi pick up and drop off point is weird, sometimes security not helpful."

J** C**** Y** J** (*

Google Review | 20 Feb 2022

"Stayed two years at a two room unit on 14th floor at gilstead Two. It was distressing from the start. The unit was badly maintained. Leakages from ceiling in kitchen and toilet. Leakage in master bedroom window. According to contractor, units in the condo have this problem Bed frame broke in middle of the night Aircon units in master bedroom keeps breaking down. Aircon in second room not cold We had to keep having contractors in to repair!! Fridge keeps breaking down until we decided to buy a new fridge on our own Hood doesnt work from the start of lease Second year into the lease we found BLUE GREEN ALGAE in the water! Management of condo was very Co operative and had water tank flushed! The algae still persist! We use a very good water filter and change filter very frequently and monitor water quality we use very closely. The final straw that made us told landlady we want to move out early was mold started appearing on the walls where our wardrobe and the store was!! Our winter boots, clothes and many items had to be thrown away! Although we were told that painting was done to the unit, truth is ceilings and many walls were not painted! The mould started from the ceilings. IF YOU ENJOY HAVING CONTRACTORS COME TO YOUR UNIT FREQUENTLY TO DO REPAIRS AND HAVE THE SUN RISE ON YOU FROM ONE END, HEAT UP YOUR APARTMENT IN THE MIDDLE OF THE DAY AND THEN AGAIN SET ON YOU MANY TIMES FEROCIOUSLY IN THE EVENING THEN THESE UNITS ARE FOR YOU! One of the saving grace are the management staff and cleaners. They are friendly, sincere and so helpful! It is also because of their help and kindness we managed to stay on. Landlady only mock, say unkind things and had to be confronted firmly before she will deal with the so many distressing issues we had to face during these two already difficult covid years!"

S**** J**

Google Review | 06 Jan 2022

"Stayed here for 2 years. Miss the lovely views of Bukit Timah hill from the balcony and the lovely sunsets. Gilstead two is a great condo situated close to Newton MRT , walking distance to balmoral plaza that has a few eateries . The stay here was largely comfortable. Very convenient with parcel Santa & a laundry drop service . However the quality of construction is not the best. Had issues with water pipe leaks from false ceiling in the bathroom many times during my stay and the shower screen glass also shattered. Poor quality materials otherwise its a good condo"

L**** M*****

Google Review | 09 Aug 2021

"Gilstead TWO is located less than 5-minute walking distance from Newton MRT Station. Also located near the popular Newton Food Centre. Fun fact: A scene from the movie Crazy Rich Asians was filmed at Newton Food Centre. Orchard Road, a major shopping belt in Singapore, is just a few bus stops away from the condominium."

M***

Google Review | 11 Feb 2019