JLL has announced the launch of Gilstead Court for sale by tender, with a reserve price of S$198m. Situated in Singapore’s prestigious District 11, the 7,012.2 square metre site offers a rare freehold collective sale opportunity. The property, located at Gilstead Road, has garnered over 80% owner consent in just six months, reflecting strong interest in the area.
Built in 1978, Gilstead Court comprises 48 flats across three four-storey blocks. The site is zoned residential under the 2025 Master Plan, with a gross plot ratio of 1.4. It has the potential to be redeveloped into a five-storey boutique development of up to 98 flats, each 100 square metres, pending Urban Redevelopment Authority approval. The land rate is approximately S$1,874 per square foot per plot ratio, which adjusts to S$1,751 when factoring in a seven percent bonus balcony plot ratio.
Nicholas Ng, Head of Land & Collective Sales at JLL, highlighted the site’s appeal: “Gilstead Court offers developers a rare opportunity in District 11, a freehold site in a coveted enclave and in close proximity to three renowned schools within one kilometre.”
The site is strategically located near Novena MRT Station, providing easy access to key areas such as Orchard and the Central Business District. It is also close to prestigious schools and amenities like Health City Novena and various shopping centres.
The tender for Gilstead Court will close on 13 October 2026 at 3:00 p.m., presenting a prime investment opportunity for developers seeking a boutique site in a sought-after location.
