District 11 · Novena · CCR
Gilstead Two
Gilstead Road · Apartment · Freehold
Current PSF
$1,982
-0.4% vs district median
Gross yield
3.2%
median rent $4,400/mo
3-year gain
-3.3%
Transactions · 5y
16
2 in last 12 months
Nearest MRT
Newton Mrt Station · 164.274m
DTL,NSL
Future MRT
Bright Hill Mrt Station
CRL · 2030
Vs local HDB
-
Area income
$11,500/mo median
residential zone
En-bloc potential31 / 100
· composite of plot use, age, tenure, value gap & size
Tenanted
100%
units with active leases
Rent momentum
+2.7%
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
10%
PSF dispersion within project
The neighbourhood
P1 ring
Anglo-Chinese School (Primary) 493m · Phase 2C 1.5× balloted · Anglo-Chinese School (Junior) 679m · Phase 2C 1.6× balloted · St. Joseph'S Institution Junior 859m · Phase 2C 1.5× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Food
Newton Food Centre · 359m
Green
Hooper Rd Pg · 592m - 6 parks within 1km
Mall
Goldhill Shopping Centre · 691m
Health
Mount Elizabeth Novena Hospital (hospital) · 1.0km
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 2025239m from Newton - ~5,000 new homes announced
Price trend average PSF by year
2021
$1,999
2022
$2,323
+16.2%
2023
$2,270
-2.3%
2024
$2,244
-1.1%
2025
$2,024
-9.8%
2026
$2,194
+8.4%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 2BR | $4,400/mo | $4.63 | 2.8% | 233 |
| 4BR | $13,300/mo | $4.67 | 2.8% | 4 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Jun 2026 | $1,700,000 | 775 | $2,194 | 26-30 |
| Dec 2025 | $1,600,000 | 904 | $1,770 | 06-10 |
| Mar 2025 | $2,060,000 | 904 | $2,278 | 21-25 |
| Sept 2024 | $2,100,000 | 904 | $2,323 | 26-30 |
| Sept 2024 | $1,750,000 | 775 | $2,258 | 11-15 |
| Jun 2024 | $2,060,000 | 904 | $2,278 | 21-25 |
| Jun 2024 | $1,650,000 | 775 | $2,129 | 06-10 |
| May 2024 | $1,730,000 | 775 | $2,232 | 11-15 |
| Dec 2023 | $2,140,000 | 904 | $2,367 | 11-15 |
| Dec 2023 | $1,675,000 | 775 | $2,161 | 26-30 |
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