According to reports, Tee Land, a property developer is buying Casa Contendere, which is a freehold located along Gilsted Road for $72 million in a collection sale. The price translates to $1,638 per square foot per plot ratio with the inclusion of a development charge estimated to be $15.1 million.
The 35 Gilstead (Former Casa Contendere), is a four-storey block with 11 maisonette units and is located in District 11 near Newton MRT. This freehold sits on a 37,972 sq ft land with a 1.4 plot ratio. This means that the owners of the estate will get from $5.9 to $7.5 million per unit approximately considering 35 Gilstead price, where the Keck Seng Group is said to own six of the units.
William Gan Realty is understood to have brokered a private treaty deal for the collective sale of 35 Gilstead. However, Strata Titles will not be required to approve the agreement as it has received unanimous approval from owners. Tee Land also notified Singapore Exchange that it had entered into option II in its quest to acquire the plot before purchasing the plot at the end of February. The group has since then built a block of residential apartments on the plot. 35 Gilstead is expected to develop to about 70 units, each with approximately 753 sq ft floor area, according to 35 Gilstead floor plan.
The 35 Gilstead deal comes amid a wild excitement about redevelopment, which has attracted the attention of lawmakers. However, the exponential increase in collective sales would not necessarily lead to higher home prices. This is because the forces of demand and supply influence the market, which in turn controls developers. Mr. Wong further added that a developer is subjected to an additional buyer’s stamp duty (ABSD) if he or she fails to redevelop the acquired property within five years after acquisition. Usually, ABSD amounts to 15 percent of the total purchasing price. For sites sold through consolidated sales, they should be redeveloped and put up for sale with 1 to 2 years.
Tee Land Limited Group is a reputable company with a long history in property development in Singapore. The company’s history dates back to its parent company; TEE International Limited, which was established in the 1980s. The founding company started by dealing with general electrical contracts before expanding its services to other fields, including estate facilities management, engineering, and property development.
Tee Land Group started as a strategic business unit or branch of TEE International in 2006. The company later entered into property development the same year as a way to leverage its engineering division. In the subsequent year, the group opened its first property development division. The division was set to handle property development and investment projects in Singapore. During 2008, the company ventured into facilities management and real estate in both Thailand and Singapore. Some of the projects under this division involved designing, building, and management.
While Tee Land is expanding overseas, Singapore remains to be its major land of business. Currently, the company has managed to finish up to 15 projects as other projects such as 35 Gilstead are set to be developed. Most of the projects in Singapore include joint ventures, but there are plans by the group to move to handle their own projects. Tee Land is also an investor and regional developer with an established presence in New Zealand, Australia, Thailand, and Malaysia. It is involved in developing industrial, commercial and residential projects.
Why 35 Gilstead Could Be Ideal Place to Stay
Most properties in Newton are located in one of the in-demand residential enclaves in Singapore because of their convenient location. These properties include Watten Estate, Novena, and Thomson.
1. Presence of Amenities
Newton is one of the places in Singapore that boasts of a wide range of social amenities, which serve 35 Gilstead residents. For instance, Novena has a cluster of medical infrastructures like Communicable Disease Center, Johns Hopkins Singapore, Thomson Medical Centre, Tan Tock Seng Hospital, National Skin Centre, National Neuroscience Institute, Ren Ci Nursing Home and Concord Cancer Hospital.
If you are a pet owner living in 35 Gilstead, you do not need to worry about it in case it gets unwell because you can take it to Mount Pleasant Central Veterinary Clinic (Whitely). This clinic is located at 232 Whitely Road, which is within your neighborhood.
2. Availability Community Events
For those who enjoy participating in community events, you can relax since Tanglin Community is also within your neighborhood. If you fancy meeting friends in clubs within 35 Gilstead, you have great options such as the British Club, the Japanese Association, and Swiss Club if you choose to stay at 35 Gilstead.
3. Improved Transport
Transportation is also well catered for with multiple bus services running through the area. This is coupled by convenient stations such as Braddell MRT, Novena, Caldecott stations and the nearby Toa Payoh station as well as Mount Pleasant, Moulmein, Napier MRT and Stevens Stations.
Moreover, 35 Gilstead residents that would prefer to use private cars can get to the shopping district or business hub in the city from 35 Gilstead through Pan-Island Expressway (PIE) and Central Expressway (CTE) quickly.
4. Access to educational institutions
When looking for the best place to stay, one of the primary factors to consider is its proximity to schools and the quality of education provided in the schools. Well, Newton has many top educational institutions ranging from international to local schools and even pre-schools.
This means that 35 Gilstead residents have wide options to consider since the schools cover every stage of the learner. The schools are also enough to accommodate the residents of 35 Gilstead and other learners staying in Newton.
5. Chill-Out Spots
The other significant benefit that residents in 35 Gilstead or within Newton enjoy is the many chill-out places within the area. This includes RDA, which is an exceptional charity offering free horse-riding programs for both adults and children with disabilities around 35 Gilstead and also in the entire Singapore.
The place is not open to the general public for casual visits as it is a place designed for therapy. However, if you are a resident of 35 Gilstead, the facility is happy to welcome you to volunteer with them.
The 35 Gilstead residence is also suitable for sports enthusiasts; you can consider a visit to the Singapore Polo Club for horse riding lessons or take up polo. The club is located at 80 Mount Pleasant Road, which close to 35 Gilstead and offers rustic and old world charm of a Clubhouse. It is surrounded by a verandah and expansive open green spaces that provide visitors with a wonderful experience that they cannot get in an urban concrete jungle. The Clubhouse even allows you to keep personal ponies as long as you can afford them.
Residents of 35 Gilstead can also visit the famous Bukit Timah Saddle Club, which is another favorite place where people can enjoy a full range of equestrian services and facilities. The club is located on 51 Fairways Drive that is open to severe competition or casual leisure riders, which is a convenient location for those staying in 35 Gilstead.
6. Availability Of Excellent Restaurants
If beer is your thing, go enjoy sipping it while enjoying burgers at Nickeldime Drafthouse located at 273 Thomson Road from 35 Gilstead. The beer fanatics will be happy to realize that place provides various draught beer from local and the best international breweries. This ensures that visitors from 35 Gilsted and other estates have a large selection of bottled cider, beer as well as wine. The club also provides alcohol-infused food creations like stout meatballs and stout-braised beef ragout that allows you to compliment your experience.
7. Availability of Kid-Friendly Places
When it comes to looking for an excellent residential place, it is also important to ensure that the area has the ideal places to take your kids. Therefore, if you have kids in 35 Gilstead, you should consider taking them to Riders Lodge for relaxing staycation. The place involves ponies, mild-natured horses as well as quality family time in the lush within your neighborhood while staying in 35 Gilstead. Therefore, your children can enjoy feeding gentle horses and riding adorable ponies on the weekends. It is, however, advisable to book the place in advance as if you would like to visit the facility with your family because the rooms are insufficient.
In short, this place is one of the best residential areas to stay with your family across the country. The fun to be enjoyed is unlimited with plenty of destinations for 35 Gilstead residents to visit. It houses retailers, dining and services outlets, an eclectic mix of clusters for kids. The puzzles and rack of little toys, light-hearted cartoons as well as the gigantic chalkboard that screen periodically on their TV screen will definitely amuse your kids, if choose to relocate to 35 Gilstead. Besides, the other amazing facility the Grandstand is Kaleidscope Therapy Centre that provides physiotherapy, speech-language therapy, occupational therapy, play therapy and creative therapy services and social/behavioral support for kids around 35 Gilstead.
The projects that they have completed in the past have enjoyed huge success which has made the company more reputable. This can be attributed to its team of committed experts who go an extra mile to ensure that the residents to get the best out of the surrounding regions from the comfort of their homes.
Here are some of the projects that 35 Gilstead Teeland has completed:
- Bungalow at Bradell Height Estate
- Cantiz at Ramabai
- Thomson Duplex
- Chewathai Ratchaprapop
The Benefits of Nearby Schools to 35 Gilstead Residents
Newton also has many top educational institutions, which include international and local schools and even pre-schools. The 35 Gilstead flats are located in a densely populated area, but it has a number of schools that enable the residents of 36 Gilstead to access all stages of learning.
With the incredible number of educational institutions around, the area is one of the most inviting places in Singapore. The 35 Gilstead residents have options like:
- Primary Schools include: Anglo-Chinese School (Primary), St. Joseph’s Institution (Junior), Raffles Girls’ Primary School, The Institution German European School Singapore Main Campus
- Secondary Schools Include Balestier Hill Secondary, Nanyang Girls’ High School,
- Tertiary Institutions Include Singapore Bible School, The Institution of Engineers Singapore and German European School Singapore Main Campus (Secondary and Kindergarten),
- International Schools Include Singapore Chinese Chong International School, Singapore Bible School, Italian Supplementary School, Hollandse School, and Singapore Korean International School.
Benefits of The Nearby Shopping Centers to 35 Gilstead:
The 35 Gilstead Teeland flats are strategically located allowing its residents to benefit from the many nearby shopping centers. These centers make it wise to invest in such a highly urbanized area. Besides, there are many reasons why you should consider investing in an apartment close to many shopping centers such as 35 Gilstead flats. Some of these benefits include:
1. Saves Time
As mentioned above, the 35 Gilstead apartments are located near many shopping centers, which helps in saving time. It also offers a beautiful and convenient shopping experience.
2. Access to Amenities
Usually, shopping centers house most of the facilities that provide access to amenities. Therefore, opting to invest in an apartment with close proximity to shopping centers such as 35 Gilstead offers you an added advantage in case you run out of supplies. Besides, with some nearby shopping centers around 35 Gilstead residence, you don’t need to overstock with commodities as you can readily access and pick them.
3. Access to Restaurants
With the close proximity to shopping malls, it means that 35 Gilstead residents can access shopping centers as they are known to have many restaurants providing a wide variety of meals and drinks. This allows you as a 35 Gilstead resident to get meals for you and your family, especially if you do not enjoy cooking.
Some of the Popular Malls Near 35 Gilstead Teeland Include:
- United Square Shopping Mall
- Velocity at Novena Square
- Balestier Hill Shopping
- Square 2
- Goldhill Shopping Centre
- Novena square