{"id":77235,"date":"2024-08-12T21:07:11","date_gmt":"2024-08-12T13:07:11","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=77235"},"modified":"2024-12-02T19:48:42","modified_gmt":"2024-12-02T11:48:42","slug":"32-gilstead-road-s14-543m-ath","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/32-gilstead-road-s14-543m-ath\/","title":{"rendered":"Condo Cash or Crash? Record high S$14.543M for a 4,209 sqft 4-room condo in District 11"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p><span style=\"font-weight: 400;\">We\u2019ve seen a flurry of record-breaking <\/span><a href=\"https:\/\/www.99.co\/singapore\/sale\/hdb\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">HDB resale<\/span><\/a><span style=\"font-weight: 400;\"> sales recently, giving buyers and sellers a clear picture of the market\u2019s pulse. But what about those <\/span><a href=\"https:\/\/www.99.co\/singapore\/insider\/upgrading-hdb-condo-ultimate-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">looking to upgrade<\/span><\/a><span style=\"font-weight: 400;\"> to private homes? That&#8217;s why we&#8217;re launching a new series, &#8220;Condo Cash or Crash,&#8221; diving deep into noteworthy <\/span><a href=\"https:\/\/www.99.co\/singapore\/sale?bathrooms=any&amp;composite_floor_level=any&amp;composite_furnishing=any&amp;composite_property_status=any&amp;composite_views=any&amp;features_and_amenities=any&amp;has_floor_plan=false&amp;isFilterUnapplied=false&amp;main_category=condo%2Clanded&amp;map_bounds=1.5827095153768858%2C103.49449749970108%2C1.1090706240313446%2C104.12483807587296&amp;map_view=true&amp;page_num=1&amp;page_size=35&amp;path=%2Fsingapore%2Fsale&amp;period_of_availability=any&amp;property_segments=residential&amp;query_coords=1.3039947%2C103.8298507&amp;query_limit=radius&amp;query_type=city&amp;rooms=any&amp;show_cluster_preview=true&amp;show_description=true&amp;show_future_mrts=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;tenure=any&amp;zoom=11\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">private property<\/span><\/a><span style=\"font-weight: 400;\"> sales, from <\/span><a href=\"https:\/\/www.99.co\/singapore\/new-launches\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">new launches<\/span><\/a><span style=\"font-weight: 400;\"> to <\/span><a href=\"https:\/\/www.99.co\/singapore\/insider\/condo\/resale-condo\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">resale condos<\/span><\/a><span style=\"font-weight: 400;\">. We\u2019re kicking off this series with a bang: a record-breaking S$14.543 million sale for a 4,209 sqft, four-bedroom condo in <\/span><a href=\"https:\/\/www.99.co\/singapore\/sale\/districts\/d11\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">District 11<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\r\n\r\n\r\n\r\n<h3>Table of content:<\/h3>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><a href=\"#h-the-s-14-543m-unit-is-a-new-launch-condo\">The S$14.543M unit is a new launch condo<\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"#h-32-gilstead-timeless-elegance-and-harmony-with-nature\">32 Gilstead: Timeless elegance and harmony with nature<\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"#h-location-focus-32-gilstead-road\">Location focus: 32 Gilstead Road<\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"#h-32-gilstead-and-district-11-new-launch-condo-price-trends-in-the-past-5-years\">32 Gilstead and District 11 new launch condo price trends in the past 5 years<\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"#h-32-gilstead-is-one-of-two-new-projects-launched-in-the-core-central-region-ccr-in-2q2024\">32 Gilstead is one of two new projects launched in the Core Central Region (CCR) in 2Q2024<\/a><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 id=\"h-the-s-14-543m-unit-is-a-new-launch-condo\" class=\"wp-block-heading\"><b>The S$14.543M unit is a new launch condo<\/b><\/h2>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-the-sale.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-77237\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-the-sale.jpg\" alt=\"32 gilstead road S$14.543M ath the sale\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-the-sale.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-the-sale-150x113.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">This 4,209 sqft unit sold for S$14.543 million, translating to S$3,455.22 price per square foot (PSF). Several factors contribute to this astonishing price. The project is impressively large, dwarfing even some condominiums from the &#8217;80s and &#8217;90s. Additionally, its position in the <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-core-central-region-ccr\/\" target=\"_blank\" rel=\"noreferrer noopener\">Core Central Region (CCR)<\/a> gives it a prime location advantage, being closer to the <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/cbd\" target=\"_blank\" rel=\"noreferrer noopener\">CBD<\/a> \u2013 a factor that often comes with a significant price tag, as seen in this sale.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Moreover, this project offers the benefit of freehold ownership, enhancing its value. This particular unit, situated as a corner apartment on the third floor, offers both increased privacy and additional space.\u00a0<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><strong><em>Check your affordability with <a href=\"https:\/\/www.99.co\/singapore\/tools\/affordability-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">99.co&#8217;s affordability calculator<\/a>!<\/em><\/strong><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<h2 id=\"h-32-gilstead-timeless-elegance-and-harmony-with-nature\" class=\"wp-block-heading\"><b>32 Gilstead: Timeless elegance and harmony with nature<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Launched on April 15, 2024, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/32-gilstead\" target=\"_blank\" rel=\"noreferrer noopener\">32 Gilstead<\/a> includes just 14 exclusive units, with an expected completion date in 2028.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">When you step into 32 Gilstead, you\u2019ll immediately sense its timeless elegance, brought to life by the developer Kheng Leong. Positioned amidst lush greenery, including nearby forests and reservoirs in the Thomson area, this project offers a peaceful yet convenient urban lifestyle. However, the desirable location also comes with a premium price compared to other parts of Singapore.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The development comprises three five-story blocks, each featuring a single unit per floor. With just 14 units, it is a luxury boutique project with four-bedroom apartments ranging from 3,821 to 4,291 sqft. Each unit spans a width of up to 14.7 metres across the living, dining, and lounge bar areas.<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-bamboo-grove.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-77238\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-bamboo-grove.jpg\" alt=\"32 gilstead road S$14.543M ath - bamboo grove in 32 Gilstead \" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-bamboo-grove.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-bamboo-grove-150x113.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Design elements by Argentinian architect Ernesto Bedmar and landscape designs by Japanese Zen Buddhist monk Shunmyo Masuno are present throughout the project. Bedmar is renowned for his luxury bungalow designs in Singapore&#8217;s prime districts and villas in Delhi and Jakarta. <\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-infinity-pool.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-77239\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-infinity-pool.jpg\" alt=\"32 gilstead road S$14.543M ath - infinity pool\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-infinity-pool.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-infinity-pool-150x113.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Besides the bamboo grove and the infinity pool that overlooks the lush surroundings, you\u2019ll find additional amenities like a clubhouse, multiple pools, and a barbecue area. While these facilities <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/sora\/reviews\" target=\"_blank\" rel=\"noreferrer noopener\">may not be as extensive as those in other new launches<\/a>, the emphasis on living space suggests that residents at 32 Gilstead prioritise larger living areas over communal facilities.<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-kitchen.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-77240\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-kitchen.jpg\" alt=\"32 gilstead road S$14.543M ath - kitchen\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-kitchen.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath-kitchen-150x113.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The interiors, crafted by Osaka-born, Singapore-based designer Koichiro Ikebuchi, highlight luxury and bespoke features. High-quality materials and finishes can be seen throughout, with timber flooring and premium kitchen and bathroom fittings. <\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The kitchen includes Italian porcelain tiles, Middle Eastern quartz countertops, and top-tier German Gaggenau appliances. The master bathroom features Italian mosaic tiles, marble countertops, and ash wood laminate cabinetry.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><strong><em>Interested in upcoming new launches for the year? Take a look at your options here:\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/new-launch-condos-h2-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">Upcoming new launches: New Launch condos in H2 2024<\/a><\/em><\/strong><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-S14.543M-ath-living-room.webp\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"1200\" height=\"733\" class=\"wp-image-77241\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-S14.543M-ath-living-room.webp\" alt=\"32 gilstead road S$14.543M ath - living room\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-S14.543M-ath-living-room.webp 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-S14.543M-ath-living-room-150x92.webp 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">As a homeowner, you have the choice to add timber partition doors to separate the family room from the living room \u2013 a feature suggested as ideal for families who enjoy hosting at home. Behind the family room are the kitchen and bedrooms. There are also 14 car park spaces, providing a 1:1 parking ratio.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">So, what&#8217;s the verdict here? If you think the project is too expensive, prefer high-rise buildings, or are looking for a wide range of amenities for daily use, then 32 Gilstead may not be the best fit for you.<\/span><\/p>\r\n\t<div style=\"display:none;\">listing is empty<\/div>\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-location-focus-32-gilstead-road\" class=\"wp-block-heading\"><b>Location focus: 32 Gilstead Road<\/b><\/h2>\r\n\r\n\r\n\r\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d3988.763624728646!2d103.83931609999999!3d1.3174502!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x31da19e606b64153%3A0x46eab711dff44f10!2s32%20Gilstead%20Rd%2C%20Singapore%20309075!5e0!3m2!1sen!2smy!4v1723465972369!5m2!1sen!2smy\" width=\"600\" height=\"450\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">At 32 Gilstead, you\u2019re just a short 10-minute walk from <a href=\"https:\/\/www.99.co\/singapore\/sale\/mrts\/newton\" target=\"_blank\" rel=\"noreferrer noopener\">Newton MRT Station<\/a>, which offers quick access to the Downtown and North-South Lines. <\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">If driving, exiting the CTE (Central Expressway) and PIE (Pan Island Expressway) takes only 5 minutes. With a location less than a 15-minute drive from business districts like Raffles Place and Orchard Road, the convenience is unmatched.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><strong><em>Looking for a property close to an MRT station of your choice? Check out <a href=\"https:\/\/www.99.co\/singapore\/mrt-stations\" target=\"_blank\" rel=\"noreferrer noopener\">99.co&#8217;s MRT map here.<\/a><\/em><\/strong><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<p>You\u2019ll enjoy proximity to shopping destinations such as United Square, Velocity, and Novena Square \u2013 all within a 5-minute drive. For a taste of local cuisine, Newton Food Centre is only 10-minutes away. Additionally, 32 Gilstead is just a 5-minute drive from Singapore\u2019s largest medical centre, Tan Tock Seng Hospital, and is surrounded by well-known schools, making it a perfect choice for families.<\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">For school-aged children, you\u2019ll be pleased to find respected primary schools within the 1km distance, such as:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><span style=\"font-weight: 400;\">St. Joseph&#8217;s Institution Junior<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Anglo-Chinese School (Junior)<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Anglo-Chinese School (Primary)<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Schools within a 1-2 km range include:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><span style=\"font-weight: 400;\">CHIJ Primary (Toa Payoh)<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Farrer Park Primary School<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Singapore Chinese Girls\u2019 Primary School<\/span><\/li>\r\n\r\n\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Although Newton offers a more relaxed pace compared to nearby <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/tanglin\" target=\"_blank\" rel=\"noreferrer noopener\">Tanglin<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/orchard\" target=\"_blank\" rel=\"noreferrer noopener\">Orchard<\/a>, its residential properties remain highly desirable due to their strategic location between Orchard Road and <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/bukit-timah\" target=\"_blank\" rel=\"noreferrer noopener\">Bukit Timah<\/a>.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Looking ahead, residents of 32 Gilstead can expect two significant improvements to the area: The Master Plan 2019, which aims to rejuvenate Orchard and Downtown as lifestyle hubs, and the upcoming Stage-6 of the Circle Line, set to enhance connectivity in the Central Region by 2025.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-32-gilstead-and-district-11-new-launch-condo-price-trends-in-the-past-5-years\" class=\"wp-block-heading\"><b>32 Gilstead and District 11 new launch condo price trends in the past 5 years<\/b><\/h2>\r\n<h3><b data-stringify-type=\"bold\">Sale transaction trend for 32 Gilstead<\/b><\/h3>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-32-gilstead-sales-trend.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-77242\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-32-gilstead-sales-trend.png\" alt=\"32 gilstead road S$14.543M ath - 32 gilstead sales trend\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-32-gilstead-sales-trend.png 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-32-gilstead-sales-trend-150x113.png 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">You might be interested to know that out of 14 units, four have already been sold, with prices ranging from S$14.225 million (S$3,406.37 psf) to the current high of S$14.543 million. According to URA data, two of the four units were bought by Singapore permanent residents (PRs) and the third by a Singapore citizen \u2013\u00a0 believed to be of Chinese descent. The average psf at 32 Gilstead is S$3,440, just slightly lower than the S$3,455.22 psf achieved by the S$14.543M sale.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">In District 11, this S$14.543M transaction stands as the most expensive in the area. Other sales at this project also rank among the top six most expensive sales, interrupted only by two S$14M sales at Watten House.<\/span><\/p>\r\n<h3><b data-stringify-type=\"bold\">Sale transaction trend for D11 (Condo new launches, resale, and sub-sale)<\/b><\/h3>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-district-11-condo-sales-trend.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-77243\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-district-11-condo-sales-trend.png\" alt=\"32 gilstead road S$14.543M ath - district 11 condo sales trend\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-district-11-condo-sales-trend.png 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-district-11-condo-sales-trend-150x113.png 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">From 2023 to 2024, you might notice a 6.26% decrease in the average psf sale for condominiums (including new launches, resale, and sub-sale) in District 11. The PSF of S$3,455.22 for the S$14.543M sale is 28.95% higher than the average PSF of S$2,455 for District 11 in 2024.<\/span><\/p>\r\n<h3><b data-stringify-type=\"bold\">Sale transaction trend for D11 (Condo new launches only)<\/b><\/h3>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-district-11-new-launch-condo-sales-trend.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-77244\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-district-11-new-launch-condo-sales-trend.png\" alt=\"32 gilstead road S$14.543M ath - district 11 new condo launch sales trend\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-district-11-new-launch-condo-sales-trend.png 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-district-11-new-launch-condo-sales-trend-150x113.png 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">When focusing exclusively on new condo launches, the trend remains similar but on a smaller scale. While the district offers a range of condos, the average psf for new launches saw a 2.55% decrease from 2023 to 2024. The average PSF for 2024 is S$2,895, which is 16.21% lower than the S$3,455.22 PSF for the S$14.543M sale.<\/span><\/p>\r\n\r\n\r\n\r\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=32-gilstead-road-s$14.543m-ath\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-32-gilstead-is-one-of-two-new-projects-launched-in-the-core-central-region-ccr-in-2q2024\" class=\"wp-block-heading\"><b>32 Gilstead is one of two new projects launched in the Core Central Region (CCR) in 2Q2024<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">In addition to 32 Gilstead, Skywaters Residences is another notable project launched in the CCR. Located at 1 Prince Edward Road, Skywaters Residences is part of the redevelopment of the former AXA Tower at 8 Shenton Way in the Tanjong Pagar area of District 2. Comprising 190 units, these residences occupy the top floors of a 63-story mixed-use development, The Skywaters, which includes offices, retail spaces, and a hotel.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Standing at an impressive 305 metres tall, The Skywaters will become Singapore&#8217;s tallest skyscraper, surpassing the current record held by Guoco Tower. If you think the price of the 32 Gilstead sale is high, consider this: A penthouse at the ultra-luxury Skywaters Residences recently sold for S$47.34 million or S$6,100 psf, as noted in a caveat lodged with URA Realis on May 20.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Beyond 32 Gilstead, Kheng Leong has been actively acquiring and redeveloping other sites, including 21 Anderson. The company has aslo completed other luxury projects like <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/15-holland-hill\">15 Holland Hill<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/meyerhouse\">Meyer House<\/a>.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><strong><em>Rather look at condos that will MOP this year?\u00a0Have a read here:\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/upcoming-executive-condos-ecs-mop-2024-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">Upcoming Executive Condos (ECs) that will MOP in 2024 &amp; 2025<\/a><\/em><\/strong><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<h2 id=\"h-would-you-buy-a-low-rise-new-launch-condo-for-s-14-543m-in-ccr-share-your-thoughts-in-the-comments-section-below-or-on-nbsp-our-facebook-page\" class=\"wp-block-heading\"><strong>Would you buy a low-rise new launch condo for S$14.543M in CCR? Share your thoughts in the comments section below or on\u00a0<a href=\"https:\/\/www.facebook.com\/99dotco\/\" target=\"_blank\" rel=\"noreferrer noopener\">our Facebook page<\/a>.<\/strong><\/h2>\r\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve seen a flurry of record-breaking HDB resale sales recently, giving buyers and sellers a clear picture of the market\u2019s pulse. But what about those looking to upgrade to private homes? That&#8217;s why we&#8217;re launching a new series, &#8220;Condo Cash or Crash,&#8221; diving deep into noteworthy private property sales, from new launches to resale condos.&hellip;<\/p>\n","protected":false},"author":141,"featured_media":77236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"59689,66999,62649,62098,49898,66033","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53602,53593,53738,57131],"tags":[58682,57395,57396,59072,53739,59260,55886,54901,53740,59037],"persona":[57127,57126,57128],"class_list":{"2":"type-post","25":"entry","26":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Condo Cash or Crash: Record S$14.543M for 4-Room in District 11<\/title>\n<meta name=\"description\" content=\"A 4,209 sqft, four-bedroom condo in 32 Gilstead sold for a record-breaking S$14.543 million sale in District 11 - read more here!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/32-gilstead-road-s14-543m-ath\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Condo Cash or Crash? Record high S$14.543M for a 4,209 sqft 4-room condo in District 11\" \/>\n<meta property=\"og:description\" content=\"A 4,209 sqft, four-bedroom condo in 32 Gilstead sold for a record-breaking S$14.543 million sale in District 11 - read more here!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/32-gilstead-road-s14-543m-ath\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-12T13:07:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-02T11:48:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/32-gilstead-road-s14.543m-ath.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sophiyanah David\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@99dotco\" \/>\n<meta name=\"twitter:site\" content=\"@99dotco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sophiyanah David\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/32-gilstead-road-s14-543m-ath\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/32-gilstead-road-s14-543m-ath\/\"},\"author\":{\"name\":\"Sophiyanah David\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/702f2d8d347fdec35be0d2478a4e069b\"},\"headline\":\"Condo Cash or Crash? 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