District 11 · Novena · CCR
Gilstead 38
Gilstead Road · Apartment · Freehold
Current PSF
$1,699
-14.6% vs district median
Gross yield
2.8%
median rent $4,050/mo
3-year gain
0.0%
Transactions · 5y
4
1 in last 12 months
Nearest MRT
Newton Mrt Station · 524.369m
DTL,NSL
Future MRT
Bright Hill Mrt Station
CRL · 2030
Vs local HDB
-
Area income
$11,500/mo median
residential zone
En-bloc potential38 / 100
· composite of plot use, age, tenure, value gap & size
Tenanted
100%
units with active leases
Rent momentum
-
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
17%
PSF dispersion within project
The neighbourhood
P1 ring
Anglo-Chinese School (Primary) 395m · Phase 2C 1.5× balloted · St. Joseph'S Institution Junior 722m · Phase 2C 1.5× balloted · Anglo-Chinese School (Junior) 993m · Phase 2C 1.6× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Food
Newton Food Centre · 690m
Green
Gentle Dr Pg · 303m - 7 parks within 1km
Mall
Goldhill Shopping Centre · 485m
Health
Mount Elizabeth Novena Hospital (hospital) · 716m
Who lives in Novena
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
49,330
Median age
43 yrs
45% under 40 · getting older
Children 0–9
5,060
▲ 1% since 2015 · future P1 demand
Household size
3.1 avg
Homes
44% HDB
39% condo · 16% landed
Degree holders
48%
residents 15+
Commute
48% transit
31% drive
45 min+ to work
16%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
Master Plan 2025595m from Newton - ~5,000 new homes announced
Price trend average PSF by year
2022
$1,480
2024
$1,889
+27.6%
2025
$1,518
-19.6%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 2BR | $4,000/mo | $4.21 | 3.0% | 22 |
| 3BR | $5,600/mo | $4.15 | 2.9% | 6 |
Recent transactions URA, latest 4
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Nov 2025 | $1,920,000 | 1,130 | $1,699 | 01-05 |
| Mar 2025 | $2,620,000 | 1,959 | $1,337 | 01-05 |
| Mar 2024 | $1,850,000 | 980 | $1,889 | 01-05 |
| Nov 2022 | $1,450,000 | 980 | $1,480 | 01-05 |
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