32 Gilstead Investment Returns: Rental Yield Analysis

32 Gilstead on Gilstead Road in District 11 offers strong investment returns with gross rental yields around 4.6%, outperforming Singapore's residential average of 3.36%.[1][2] This freehold condo completing in 2026 provides reliable income for investors targeting Newton-Novena.[7]

As part of Homejourney's comprehensive guide to 32 Gilstead for sale, this analysis focuses on rental yield potential, helping buyers evaluate 32 Gilstead investment returns safely and transparently. Homejourney verifies all data to ensure trusted decisions in Singapore's property market.

Understanding Rental Yields at 32 Gilstead

Rental yield measures annual rental income divided by property purchase price, expressed as a percentage. At 32 Gilstead, the gross rental yield stands at approximately 4.6%, driven by high demand in D11 from professionals and expats.[1] Net yields, after deducting maintenance, property tax, and agent fees (typically 1.5-2% reduction), range from 2.6% to 3.1%.[1]

This exceeds 1-bedroom averages (3.65%), 2-bedroom (3.27%), and 3-bedroom (3.15%) across Singapore.[1] For a typical 4-bedroom unit at S$3,500 psf (average recent sales S$3,402-S$3,592 psf), expect strong tenant interest near Newton MRT.[2][3]

Current Market Data for 32 Gilstead

Recent URA transactions show 4-bedroom units (3,800-4,200 sqft) selling at S$13M-S$15.1M, or S$3,338-S$3,588 psf, with peaks at S$3,588 psf in 2025.[2][3][8] No recent rental data is available yet due to pre-TOP status, but Gilstead Road comparables like Gilstead Brooks yield 4.6%.[1][7]

Available units for sale include 4-bedroom and larger layouts from S$3,430-S$3,950 psf. View all units for sale at 32 Gilstead on Homejourney for verified listings.

Unit #01-XX: S$13M (S$3,402 psf, 3,821 sqft)
Unit #04-XX: S$14.6M (S$3,480 psf, 4,198 sqft)
Larger penthouse-style: Up to S$3,950 psf

Prices reflect 64% sales volume, indicating popularity.[2] For full trends, see detailed project analysis.

Why 32 Gilstead Excels in Rental Yield

D11's Newton-Novena location drives yields above prime areas (2.1-3.4%) and suburban condos (3.6%).[1] Freehold tenure by developer Kheng Leong enhances long-term value for 14 exclusive units.[4][7]

Key factors:

Tenant demand: Expats and professionals near Novena Medical Hub.
Yield premium: 4.6% vs. market 3.36%, stable rents in 2026 forecast.[1]
Low supply: Only 14 units ensure scarcity value.

Compared to nearby, mid-tier zones yield 3.1-3.51%; 32 Gilstead outperforms due to connectivity.[1] Read our 32 Gilstead Price Trends & Market Analysis for deeper insights.

Location Advantages Boosting Yields

Walk 6 mins (450m) to Newton MRT (DT11/NS21).[6] Novena MRT is 10-12 mins away. Amenities include United Square, Square 2, and Velocity for shopping/dining.

Nearby schools: St. Joseph's Primary (1km), Anglo-Chinese School (Primary) (1.2km), international options like Australian International School. Parks like Mount Pleasant add lifestyle appeal, supporting high rents.[7]

District 11 benefits from URA's growth plans, enhancing property investment potential.

Investment Returns Breakdown

Capital appreciation: Recent psf up from S$3,338 to S$3,588, signaling 5-7% annual growth potential post-TOP.[2][3] Rental income for 4-bed (4,000 sqft) could hit S$20,000-S$25,000/month, yielding 4-4.6% gross.[1][2]

Unit Type	Avg Price (S$ psf)	Est. Monthly Rent (S$ psf)	Gross Yield (%)
4-Bedroom (4,000 sqft)	3,507	8-10	4.6
Larger Units	3,580-3,950	9-11	4.2-4.6

Data from URA trends; actuals vary. Yields beat Crescendo Building in D15.[1][2] Homejourney prioritizes transparency—yields are estimates; consult agents.

Financing and Buying Considerations

For a S$14M unit, expect 25% downpayment (S$3.5M), with loans up to 75% LTV for PRs.Bank Rates ABSD: 0% for first-time Singaporeans, 17% for foreigners. Use CPF for payments.

Estimate payments: Check affordability with Homejourney mortgage calculator. Steps to buy: