JLL launches Gilstead Court collective sale at $198m reserve price

The freehold District 11 site has secured over 80% owner consent in six months, with the tender closing 13 October.

JLL has launched Gilstead Court for sale by tender for a reserve price of $198m, offering a rare freehold collective sale opportunity in Singapore's District 11.

In a statement, JLL said the 7,012.2 square metre (sq.m.) site is located at Gilstead Road and has achieved more than 80% owner consent, representing both share value and total floor area within a short period of six months.

Built around 1978, the development comprises 48 apartments across three four-storey blocks with 24 units measuring 129 sq.m. and 24 units measuring 136 sq.m. Under the 2025 Master Plan, the freehold site is zoned residential with a gross plot ratio of 1.4.

The site has potential to accommodate a five-storey boutique development of up to 98 apartments of 100 sq.m. each, subject to Urban Redevelopment Authority (URA) approval.

The tender for Gilstead Court closes on 13 October at 3:00 p.m.

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