Yet one more home in Novena has been put up for en bloc sale. This time around, it is the 24-unit Gilstead Mansion. Just a rock's get rid of from the Novena MRT station, Gilstead Manor is signing up with the ranks of older establishments in the Novena area placing themselves in the collective sale market. Prices are expected to float around $68 million. Various other properties in the area which have gone en bloc this year include Goldhill Mall, 27 Moulmein Surge, as well as Minbu Suite. There were provide a number of successes. Dunearn Garden and also Chancery Court have both been cost $1,914 psf as well as $1,610 psf ppr. A plus for the site is that its property status. With an acreage of 35,751 sq feet and a gross plot ratio of 1.22, the existing gross flooring location is about 43,463.0 sq ft. There is no advancement fee. With the $68 million minimum price, the psf ppr would be $1,564.50.
The Novena area is turning into its very own as a health and wellness center, as well as Parc Botannia area. With even more jobs expected to move right into the district. Remaining in the city edges provide has its perks. The Gilstead Estate site places the orchard city stretch simply a brief drive or train ride away. It has the exclusivity and quiet of the city fringes without the high prices of homes right in the area. Gilstead Manor currently has a built-up elevation of 4 storeys and the new development could be 22 collection terraced residences or any other existing accepted home housing kind which does not entail concentration of its existing gross floor area.