Luxury Apartments

Luxury Apartments is a freehold apartment completed in 1975. The development occupies a land area of 4,834 sqm and a Gross Floor Area of 7,734 sqm. It consists of 19 units. According to records, buyers of this development are Singaporean 40.0%, PR 0.0%, Foreigner 20.0%, Company 40.0%.

LUXURY APARTMENTS is located along Gilstead Road in Novena, in District 11. It is accessible through the nearest MRTs including Newton DT11, NS21 and Novena NS20.

Based on transaction data in the last 12 months, sale prices range from S$ 657 psf to S$ 657 psf at an average of S$ 657 psf. Its highest recorded transaction was S$ 737 psf in Sep 2000 for a 3,014-sqft unit. Its lowest recorded transaction was S$ 612 psf in Jul 2002 for a 3,025-sqft unit. Its current rental yield is at 5.3%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): Balmoral Plaza, Goldhill Plaza Mall, United Square Shopping Mall.

Buyers and tenants are attracted to District 11, which is comprised of Thomson, Watten Estate, Novena and Newton. This area is famous for a number of renowned schools, religious houses and elite residential estates. With forests and reservoirs scattered around the Thomson area, property prices here are significantly higher compared to other parts of Singapore. The Watten district next to Bukit Timah is one of the most prestigious locations for residential estates in Singapore, sharing forest and golf course greenery as well as being close to Singapore’s Central Business District. Novena is home to the Inland Revenue Authority Building and Singapore’s largest medical centre, Tan Tock Seng Hospital. Although Newton’s pace of life is relatively slow compared to neighbouring Tanglin and Orchard, its residential properties remain expensive, as it’s strategically located between Orchard Road and Bukit Timah.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.