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mr brownstone
22-08-06, 02:53
CITY SQUARE RESIDENCES
$ 820,160 1,195 $ 686 07-2006
$ 738,500 1,195 $ 618 07-2006
$ 826,000 1,195 $ 691 06-2006
$ 854,100 1,195 $ 715 06-2006

These are the recent prices of CSR’s June and July transaction prices for units of 1195 sqft from this website. Could any agent out there explain why for the same size, one unit is 618/sqft while the other is 686/sqft or 715/sqft? Does this have to do with the storey, orientation or time of purchase? A 1195 unit owner.

I love CSR
22-08-06, 02:54
Where else can you find a FH for $600+/sq ft in the city? With the govn’s makeover, IR, SMU, good facilities, MRT & eateries and shopping next door, the property will keep its value, even if it does not appreciate. Imagine you are paying 1996/97 price of a urban 99 year unit for a downtown FH unit 9 to 10 years later in 2006. One CSR owner of a Blk 6 unit facing the park.

i love CSR
22-08-06, 02:55
Govt going to develop jalan besar area. CSR has good potential. SMU nearby no problems with rental value. Good layout for units facing kitchener road. low floors will not get the sun as they're being blocked by road trees.

bananarama
22-08-06, 03:12
Residential properties in the fringe areas in town,close to the CBD, amenities and offices, will enjoy good rental returns.

CSR in one in these categories.The government's makeover will enhance this positive trend.

STAR BUY!

Some pics from the brochure:

http://img438.imageshack.us/img438/4121/csrxp6.jpg (http://imageshack.us)

http://img422.imageshack.us/img422/1093/csr2cl3.jpg (http://imageshack.us)

http://img438.imageshack.us/img438/3662/csr3zc4.jpg (http://imageshack.us)

http://img422.imageshack.us/img422/6140/csr4qb4.jpg (http://imageshack.us)

http://img219.imageshack.us/img219/6348/csr5fp8.jpg (http://imageshack.us)

http://img219.imageshack.us/img219/5582/csr6qn4.jpg (http://imageshack.us)

http://img438.imageshack.us/img438/3300/csr7ot5.jpg (http://imageshack.us)

proud CSR owner
31-08-06, 02:57
I don’t know any CSR owner has read the Teletext over channel 5 yesterday (29Aug) about URA’s tender of reserve site.

It reads: “The URA is inviting applications from developers to put up a reserve site at Race Course Road for tender. The land parcel is located directly above the Farrer Road Park MRT Station. It sits on about 1.4 hectares and has a gross plot ratio of 4.2 to yield a maximum permissible gross floor area or GFA of 57,000 sq metres. The 99-leasehold site is zoned “white” with a minimum 40 percent of the maximum permissible GFA to be allocated for hotel use –CNA”

Please check the teletext for accuracy. What I intend to say is that this is good news for CSR—with this and the early reported Government’s makeover of the Jalan Besar area, CSR will be much sought after.

- A CSR owner.

Unregistered
31-08-06, 03:00
r u talking about this: http://forums.condosingapore.com/showthread.php?p=311#post311

pingpong
07-11-06, 03:07
A quick look at the Classifieds show that there are many many CSR units being offered for sub-sale. What this means is that most owners have no intention of living there, only want profit. The CSR market is a bubble and so are the prices.

So what happens when CSR TOP in 2009 and the musical chairs stop? Make a wild guess. Supply > Demand = Prices Plummet.

Unregistered
05-03-07, 12:08
Prices will plummet because the shopping centre below will be an indian theme shopping centre . Do rich people want to stay above mohammad mustaffa ? Think about it .

Unregistered
05-03-07, 12:27
http://www.youtube.com/watch?v=xxAro0iRmx0
Look at this YOUTUBE site before you make comment on the area of CSR PLEASE !!!!

orange
05-03-07, 15:57
I think it is unfair to comment on CSR so soon. From what i have observed, the URA's plans for the area have been very positive. This includes relocating red-light areas, modernising the surrounding areas, and linking it closely with the Whampoa/Bendemeer/Kallang district (because of the waterfront there). The hotel opposite, Park Hotel, has been extensively refurbished since being acquired by the Park Hotel group and looks reasonably classy now. Park Hotel is a HK group of 4 star hotels and they have been known for their business acumen. They would not invest in a location that did not have potential.

Unregistered
24-06-07, 21:54
Any one out there knows what is the price for a studio facing the park? Any level from 6 to 15 storey? Thanks

Unregistered
24-06-07, 21:58
Prices will plummet because the shopping centre below will be an indian theme shopping centre . Do rich people want to stay above mohammad mustaffa ? Think about it .

hahahahah. Does that means 80% buyers are indian?

Unregistered
24-06-07, 22:00
http://www.youtube.com/watch?v=xxAro0iRmx0
Look at this YOUTUBE site before you make comment on the area of CSR PLEASE !!!!

YOU SHOULD CONSULT A DOCTOR SICK MAN!!!

Unregistered
29-06-07, 08:50
Any one out there knows what is the price for a studio facing the park? Any level from 6 to 15 storey? Thanks


Why are you specifically looking for a unit between 6 - 15th. Is it because this will give you the best view of the park. Anyway, I personally think that is the best view. The park is quite big and at least you will be able to some greenery which is very rare for a development in the city. Also this facing does not have the noon sun un like theunits facing the city. The prices have exceeded 500k even for low floor. For 6 - 15th flr, the price could be between 515-540k.

Unregistered
04-07-07, 10:34
Do go to www.condo.com.sg for more positive news about City Sq. Click on reviews and you can see city sq reviews.

City Sq is a real jewel in the making. This, I believe is one of few properties that still has upside even if the property market weaken. Why? Do any of you remember what Carribean was trading at before the Vivo City Mall was up? It was less than $700 PSF. Now, many units are trading at $1400 psf. It is not easy for many residents and investors to visualise the impact or convenience of a mall until it is up.

City Sq Mall, if you examine it closely, is the size of Plaza Singapura. It is Tampines Mall and Century Sq combined. If you have visted either of the malls, you will know what impact it will make. The convenience of never really leaving your home, if you make City Sq Mall a part of your home, that is.

I know many are worried about the foreign workers. Not only you. So are the govt. There is a task force in URA (multi-agency) that is solving this issue. It is noone's guess that they would have it solved by Yr 2009 when the first IR is launched.

Little India is a prime tourist attraction. Mustafa is also a prime tourist attraction. If you visit it in the late nights, you will know what I mean. You dun just see Indians. You see all nationalities. In fact, Uniquely Singapore web site also suggests to tourists to visit Mustafa in the nights cos' its open 24 hours.

The City Sq landscape is due to change. Park Royal Hotel is smart. They have overhauled their look and feel. Farrer Park MRT is going to have another mall/ hotel/ hopital, presumably for regional medical customers. PA Association has moved to Kitchener Road. The Kitchener Road has also cleared off its many pubs. You see new interesting Chinese eateries now.

Don forget, the alternative route to IR if thru Lavender St. This whole vicinity has to change or it will be difficult to attract tourists to the region.

How about the Marina Parks? It's also just a short drive from City Sq.

City Sq has every thing: Marina Gardens (via Lavender St), PA Association, MRT station (Farrer Park and the future Jln Besar one), a public garden beside it, a 24-hour shopping mall (Mustafa), countless eateries, biggest library in Singapore, near to SMU, a huge mall, inner city address.

Probably the only problem with this place is the lack of good schools. Maybe that might change with more "upmarket" residents from City Lights, Kerrsdale, Twritt 139...etc.

By the way, its property prices have the biggest spread because the "know from the dun know or dun believe vary too much so if you are looking at investment there is still potential.

Buyers are bidding $800 psf. Sellers are looking at $900-1100 psf depending on the size.

It's a steal. City Lights, being a 99 y leasehold is already selling above $1100 psf.

Owners of City Sq....it makes sense to hold until City Sq comfortably crossed the $1000 psf price. Wait until the mall is up......you will see the difference.

Unregistered
04-07-07, 12:58
Do go to www.condo.com.sg for more positive news about City Sq. Click on reviews and you can see city sq reviews.

City Sq is a real jewel in the making. This, I believe is one of few properties that still has upside even if the property market weaken. Why? Do any of you remember what Carribean was trading at before the Vivo City Mall was up? It was less than $700 PSF. Now, many units are trading at $1400 psf. It is not easy for many residents and investors to visualise the impact or convenience of a mall until it is up.

City Sq Mall, if you examine it closely, is the size of Plaza Singapura. It is Tampines Mall and Century Sq combined. If you have visted either of the malls, you will know what impact it will make. The convenience of never really leaving your home, if you make City Sq Mall a part of your home, that is.

I know many are worried about the foreign workers. Not only you. So are the govt. There is a task force in URA (multi-agency) that is solving this issue. It is noone's guess that they would have it solved by Yr 2009 when the first IR is launched.

Little India is a prime tourist attraction. Mustafa is also a prime tourist attraction. If you visit it in the late nights, you will know what I mean. You dun just see Indians. You see all nationalities. In fact, Uniquely Singapore web site also suggests to tourists to visit Mustafa in the nights cos' its open 24 hours.

The City Sq landscape is due to change. Park Royal Hotel is smart. They have overhauled their look and feel. Farrer Park MRT is going to have another mall/ hotel/ hopital, presumably for regional medical customers. PA Association has moved to Kitchener Road. The Kitchener Road has also cleared off its many pubs. You see new interesting Chinese eateries now.

Don forget, the alternative route to IR if thru Lavender St. This whole vicinity has to change or it will be difficult to attract tourists to the region.

How about the Marina Parks? It's also just a short drive from City Sq.

City Sq has every thing: Marina Gardens (via Lavender St), PA Association, MRT station (Farrer Park and the future Jln Besar one), a public garden beside it, a 24-hour shopping mall (Mustafa), countless eateries, biggest library in Singapore, near to SMU, a huge mall, inner city address.

Probably the only problem with this place is the lack of good schools. Maybe that might change with more "upmarket" residents from City Lights, Kerrsdale, Twritt 139...etc.

By the way, its property prices have the biggest spread because the "know from the dun know or dun believe vary too much so if you are looking at investment there is still potential.

Buyers are bidding $800 psf. Sellers are looking at $900-1100 psf depending on the size.

It's a steal. City Lights, being a 99 y leasehold is already selling above $1100 psf.

Owners of City Sq....it makes sense to hold until City Sq comfortably crossed the $1000 psf price. Wait until the mall is up......you will see the difference.

Many studio units have been transacted in the last 3-4 weeks above 900psf and one was done at 1000psf. So crossing 1000psf is a foregone conclusion. Many of them have written off the City Sq mall. But I am sure CDL is not going to mess it up. I believe it will become a major shopping attraction for residents staying in a 3-5km radius. Yes you are right, once they see the success of the mall, City Sq prices will shoot up at least 200psf (based on the mall alone) with all other things remaining status quo. No doubt Citylights is located in a less "messier" location, but the quality of CitySq is far better than Citylights. Along with being a freehold and once the mall is seen as successful, City Sq prices will exceed those of Citylights. With no major surprises in the property market, I am expecting CitySq prices to reach 1500psf once the mall is up and running.

Observer.
04-07-07, 17:06
Many studio units have been transacted in the last 3-4 weeks above 900psf and one was done at 1000psf. So crossing 1000psf is a foregone conclusion. Many of them have written off the City Sq mall. But I am sure CDL is not going to mess it up. I believe it will become a major shopping attraction for residents staying in a 3-5km radius. Yes you are right, once they see the success of the mall, City Sq prices will shoot up at least 200psf (based on the mall alone) with all other things remaining status quo. No doubt Citylights is located in a less "messier" location, but the quality of CitySq is far better than Citylights. Along with being a freehold and once the mall is seen as successful, City Sq prices will exceed those of Citylights. With no major surprises in the property market, I am expecting CitySq prices to reach 1500psf once the mall is up and running.


I agree that CSR has values and it could go up to $1,500 psf.
I disagree that it is better than Citylights.
Citylights has the water factor which is missing in CSR.

My conclusion is both are good condos that are worth buying.

I am not vested in both CSR and Citylights.

Unregistered
05-07-07, 08:56
I agree that CSR has values and it could go up to $1,500 psf.
I disagree that it is better than Citylights.
Citylights has the water factor which is missing in CSR.

My conclusion is both are good condos that are worth buying.

I am not vested in both CSR and Citylights.

Only the upper floor units of Citylights has a view of some water from a distance. Majority of the units do not. It does not have an upfront water view. I am surprised that even this can be considered as Citylights having the "water factor". The surroundings of Citylights are no doubt less sleazy than CitySquare. Design wise it is clearly inferior to CitySquare (industrial building lookalike carpark, mismatched conserved shophouses right in the centre and a upmarket HDBish looking exterior). Overall CitySquare may not be better . Citylights is slightly overpriced when compared to Citysquare at this point in time and I am sure in time to come this anomaly will correct.

The Straits Times
02-04-08, 17:27
http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Check into a HOSPITEL
Hospital-cum-hotel complex coming up in Farrer Park by 2010
Jessica Jaganathan
The Straits Times
Wednesday, 2 April 2008

A group of local doctors are building what they hope will be Singapore's first 'mediplex' - hospital, hotel and specialist medical centre rolled into one - above the Farrer Park MRT station.
With a focus on heart disease, cancer and general surgery, it will look to both medical tourists and the local market to fill its beds, said Dr Djeng Shih Kien, chairman of Singapore HealthPartners, the company behind the project.

Its twin 20-storey buildings will house 217 hospital beds, 210 medical suites and a four-star hotel with about 230 rooms - 40 per cent of which can be converted into hospital beds later if needed.

Another board member of the company, prominent local cardiologist Maurice Choo, said that the hotel-hospital combination will allow a heart-bypass patient to save up to 40 per cent of the costs by starting and ending the stay at the hotel, instead of spending all the time in the wards.

Two floors will also be taken up by a training centre for doctors, in a tie-up with the Duke-NUS Graduate Medical School.

The company is also setting aside space in the hotel for a convention centre to host medical conferences and exhibitions.

The Farrer Park hospital and another being built by the Parkway group in the Novena area are the private sector's response to a government plan to treat one million foreign patients here a year by 2012.

Health economist Phua Kai Hong from the Lee Kuan Yew School of Public Policy said the new hospitals will help meet external demand from medical tourists and a possible spillover from public hospitals once means testing is in place.

Singapore HealthPartners - a partnership of local doctors, an architect and two foreign players - secured the 1.36ha Farrer Park site in October last year for $265 million.

It will spend another $400 million to build and equip the mediplex, which it hopes to open on Oct 10, 2010.

The foreign partners are Berjaya Leisure (Cayman), a subsidiary of Malaysia's Berjaya Group which has interests in gaming, stockbroking, properties, hotels and other businesses, and little-known Indonesian company Wharton Scott.

Together, they operate under the name Singapore HealthPartners, with local dentist Dr Djeng as chairman.

Dr Djeng, who set up the company last year, said the idea for a hospital was hatched three years ago and he had been on the lookout since for an appropriate site.

Word spread and soon a group of 40 local doctors, including heart and cancer specialists, surgeons and eye doctors in public and private practice, joined him.

'We felt that we should be masters of our own destiny,' said Dr Djeng.

lao hero tio jackpot liao
08-05-08, 14:02
LOL

http://singaporeseen.stomp.com.sg/singaporeseen/viewContent.jsp?id=21946



What Bugs Me
Posted on 08 May, 2008 12:16

Rampant comeback of sexual massage parlours in S'pore

(Photo illustration used)

After noticing that sexual massage parlours are returning in greater numbers despite a crackdown two years ago, Hero sent in this contribution in an effort to raise awareness against them.

Said the STOMPer in an email:

"I am very disturbed with the rampant comeback of massage parlours in Singapore.

"Despite the crackdown on the massage parlours about two years ago, many of these seedy joints are returning in much greater numbers. They have even penetrated neighbourhoods and shopping centres.

"Many of these joints offer commercial sex. They avoid being raided by the law by disguising themselves as beauty salons or spas.

"Let me give you a few examples.

"1. Beauty Salons
Many of such establishments offer "facial" treatments, but 99 per cent of their clientele are men, and they have few women customers. You can see a lot of these joints in Bencoolen, Duxton, Chinatown, Tanjong Pagar and CBD areas where the so-called facial treatment therapists would put on sexy outfits and give out pamphlets to men. They ignore the women.

"At these places, the "therapists" would give a "facial" treatments before asking their male customers if they would like to have the "full service". From the layout of such units, no one would suspect that seedy activities are being carried out there. They all look like genuine ladies' spa or facial treatment outlets.

"At one massage parlour in Balestier Road, the ladies wear sexy cheongsums and provide commercial sex (sometimes, at the customer's request, without any condom or protection at all). Some of the girls there are not Permanent Residents but are on social visit passes.

"2. False-front shops providing soapy massage
Currently, there are many such joints mushrooming in Singapore where "soapy massage" is provided. Many of these units are hidden. You would think they are just another normal office (except that they are closed every day, at all times). To make these joints discreet, the owners do not even put up the shop's name or advertise its services.

"There are many such joints in the Tanjong Katong and Katong areas. These shops do not list their exact location in papers. Usually, customers would call to make appointment. They would be asked to arrive at a specific location at the appointed time. Once the customer reaches the destination, he would call the joint again. The shop's owner would ask the caller to go to a specific unit (not the exact location for the soapy massage), and would ask him to describe what kind of clothes he is wearing.

"The owner would then observe the customer from a spot and upon confirmation of his identity, will bring the customer to another unit (usually nearby) for the soapy massage.

"In the shop, the customer would have the choice of selecting a girl, usually out of a pool of 6-8 ladies for the one hour soapy massage. The price for the session is $140. It would cost $260 if the customer wants to have a "3P session", that is, with two ladies serving him.

"I'm very concerned with these soapy massage joints because they could lead to the widespread of Sexually Transmitted Disease (STDs) or worse HIV-Aids. During the soapy massage, both the customer and the lady would be naked and engaged in soapy bath where there is very close contact of the bodies. During the process, sex would be carried out.

"Due to competition among the girls (because the customer would only choose one out of 6-8 ladies), the lady would go to any means to please the customer, including unprotected sex.

"As one can see, there is a big danger of STDs and HIV-Aids being passed around easily. To make it worse, the girls employed are on short temporary stay in Singapore (on social visit passes). They are not screened for health check at all!

"Worst, as many of the joints are located in shopping centres; they are very easily accessible by even teenage boys. Many young boys are seen visiting these joints and the pimps would never bother to turn these under-aged teens away.

"Many of the girls employed at these soapy massage joints do free-lance work as well. They would provide commercial sex to customers at hotels. Again, many of these sexual activities are carried out without any protection."

So what do you STOMPers think?

Kim Chi Bar
12-06-08, 10:29
Any idea when will this project get TOP? Seem like the project construction has been progressing quite rapidly lately, as well as its last transacted prices have increased steadily.

khimba
18-06-08, 22:50
Official TOP date will be end of 2009. I think selling price is now about $960psf and above depending on view and floor level. Still a very good price to purchase considering the future Mall (u/c) just next to the CSR, MRT, eateries and only 7 mins drive to Orchard and Marina Bay! Prices will definitely go up once the Mall is up and running.

CSR
28-06-08, 22:33
Fair value is $750-1050 psf.

mr ƒunny
01-07-08, 14:10
June 29, 2008

property

'Mickey Mouse homes' snapped up near Little India

Buyers like these small apartments as they are close to the city and they seem more affordable

By Joyce Teo, Property Correspondent


The area near Farrer Park MRT station in Little India - once largely shunned by developers - has become the playground of smaller property players.

These little-known companies have bought land there and launched projects that range in size from as few as 13 units to around 50.

Recently, Suites 123 in Rangoon Road - which has 37 apartments - was largely sold out, despite weak market sentiment.

Before that, other small projects such as Citigate Residence, Suites@Owen and Soho@Farrer were also sold out. Some of these projects were sold at around $1,000 to $1,100 per sq ft (psf), which is not cheap, market watchers noted.

However, as the apartments are usually quite small, these 'Mickey Mouse units' appear to be priced at relatively low levels. Most of these projects have shop units as well.

Mr David Neubronner, the executive director of Savills Residential, noted that many of the one-bedroom units are just 400 sq ft and the two-bedroom units 700 sq ft.

He added: 'A two-roomer may cost $700,000.'

That, he said, is a 'very attractive entry point' for buyers looking to stay near the city.

At Suites@Owen, the 20 apartments range in size from just 366 sq ft for a one-bedroom unit to 1,044 sq ft for a two-bedroom penthouse.

The sizes shrink even further at the 13-unit Kent Residences on Kent Road. The smallest apartment is just 312 sq ft - roughly half the size of an average three-room HDB flat, or about the size of two Old Chang Kee kiosks.

The developer of Kent Residences, which is also behind Tyrwhitt 139 on Tyrwhitt Road, said the area is attractive because it is near an MRT station.

These projects target singles and small families. The buyers are mainly Singaporeans in their 30s but there are also some foreigners.

Mr Neubronner said the projects attract many end-users as the area is at the city fringe, which is getting more exciting.

Market watchers said Farrer Park's proximity to Little India might deter single females or families with kids, but not necessarily single men.

Still, there are many projects located north of Farrer Park MRT station, across the road from the buzz and chaos of Little India - and less savoury activities at Desker Road.

While many people also do not want to live near the Little India conservation area, some love living there, including artists and film-makers.

The area is full of history and character. Race Course Road, for instance, took its name from Singapore's first race course, built in Farrer Park in 1842. One of the country's oldest Buddhist temples, Leong San Buddhist Temple, is also in the vicinity.

And when some of the newer developments are completed, the residents might include a famous face or two. At least one local celebrity is believed to have bought a unit in a small development north of Farrer Park MRT station.

For buyers, the good thing about these small projects is that they are mostly either freehold or 999-year leasehold. With the MRT station only a short walk away, residents are basically two MRT stops away from town.

However, market watchers warn that buyers - those who bought off developer's plans - might not realise how small the units are until they see the completed apartments.

Nowadays, the space allocated for bay windows, planter boxes, air-con ledges and balconies can eat significantly into your living area.

'In some instances, they can make up as much as 20 per cent or more of the total. If you want more 'liveable' space, you should do a like-for-like comparision before you make your decision,' said Chesterton International's head of research and consultancy, Mr Colin Tan.

For instance, at the 56-unit Citigate Residence on Rangoon Road, the 441 sq ft and 517 sq ft advertised for its smaller units include the bay window, air-con ledge, planter and balcony.

Nevertheless, many buyers could still bite simply because of the seemingly low absolute prices and projected high rental yields, market watchers say.

'Consumers must be more prudent. The absolute value of such developments might be low, but investors have to consider whether they can find a buyer or tenant later,' said HSR Property Group's executive director, Mr Eric Cheng. 'They are suitable only for those who are comfortable with small units.'

He said that many buyers might not realise the units are too small to live in until the projects are completed.

'One of my friends who bought a 580 sq ft unit on Mackenzie Road told me it's like a bird's nest,' he added.

[email protected]

KFC
24-07-08, 15:24
Hi Friends....

I have a 3 rooms unit at CSR, at middle floor (within 10 to 15). A agent ask me to sell it out now (24/7/2008, she called me). Now someone want to buy my unit at 1088 psf. How ? You think it is time to sell it now? Thank. KFC

kal
24-07-08, 18:53
$1088psf very good price, wats yr stack

Fast and Furious
24-07-08, 19:23
Hi Friends....

I have a 3 rooms unit at CSR, at middle floor (within 10 to 15). A agent ask me to sell it out now (24/7/2008, she called me). Now someone want to buy my unit at 1088 psf. How ? You think it is time to sell it now? Thank. KFC


KFC you better take the offer. Check out the caveats page in today Business Times (assuming that it is correct) and you will understand what I mean. Cheers and good luck...

reg
24-07-08, 20:49
KFC you better take the offer. Check out the caveats page in today Business Times (assuming that it is correct) and you will understand what I mean. Cheers and good luck...

The bunch of CSR caveats lodged most recently are original purchases from the developer by a local firm, just lodged only now. Definitely not reflective of current CSR prices. Check the SISV database and you'll see.

However, having said that, resale 3 bedroom CSR units are transacted at 900 - 950 psf currently, and do not approach the price that you have been offered. So, you should really consider taking the offer.

Farnie
24-07-08, 22:06
The bunch of CSR caveats lodged most recently are original purchases from the developer by a local firm, just lodged only now. Definitely not reflective of current CSR prices. Check the SISV database and you'll see.

However, having said that, resale 3 bedroom CSR units are transacted at 900 - 950 psf currently, and do not approach the price that you have been offered. So, you should really consider taking the offer.

Yes, my friend also recently bought a 4 bedder there for $856psf. Its reflected in the caveat and you will know which unit it is. So I should say ur price is very good. Well, if i were you, assuming i bought this as first owner, i will take the profit and sit on the cash profit. When the market stablise, its not too late to enter the market again.

1111
29-07-08, 09:44
bad location

http://singaporeseen.stomp.com.sg/singaporeseen/viewContent.jsp?id=29001

000
29-07-08, 09:46
http://singaporeseen.stomp.com.sg/singaporeseen/
viewContent.jsp?id=29001

Unregisteredvvv
01-08-08, 02:43
City Square is worth a lot more than $1088psf. Don't sell it at that ridiculous price. D8 is going to be regarded as prime very soon and there is no reason why it should not fetch more than $1200psf in the next 1 to 2 years. The Govt is paying a lot of attention in the area and the city fringe, so for goodness sake, don't sell it at that ridiculous price....


Hi Friends....

I have a 3 rooms unit at CSR, at middle floor (within 10 to 15). A agent ask me to sell it out now (24/7/2008, she called me). Now someone want to buy my unit at 1088 psf. How ? You think it is time to sell it now? Thank. KFC

Teo KK
14-08-08, 21:43
I think $1000 psf is a fairvalue, city fringe so what, the surrounding just does not do it justice. Look at Chinatown, it is city fringe too, prices there have never gone up all these years....

If it is so good why does CS Mall have Metro and Fairprice as its anchor tenants? Think... $1088 psf is good, you should take profit

1kpsf too low
15-08-08, 12:27
$1088 psf is too low. Garden vista, hillvista and park natura in upper bt timah already going 4 mre than 1k psf, wat mre bout a frhd cndo wth full fac near town?
I think $1000 psf is a fairvalue, city fringe so what, the surrounding just does not do it justice. Look at Chinatown, it is city fringe too, prices there have never gone up all these years....

If it is so good why does CS Mall have Metro and Fairprice as its anchor tenants? Think... $1088 psf is good, you should take profit

Unregistered88
15-08-08, 13:36
It is in a black sea on Sat / Sun
the park and the mall will end up with the foreign workers

black sea cleanup team
15-08-08, 13:41
govt shud clean up black sea but can't fault on locatn as it is very near town. Shud relocate black sea to jurong or smewhere else
It is in a black sea on Sat / Sun
the park and the mall will end up with the foreign workers

Petmail
18-08-08, 02:22
Latest TOP date for CitySquare Residences is by 1st Quarter 2009. The building is in fact completed with nothing much left for touching up and currently work is ongoing for the Kitchener Link as well. Upon TOP for CitySquare Residences, The work will commences for the Park too.

Cleanup
22-08-08, 00:52
govt shud clean up black sea but can't fault on locatn as it is very near town. Shud relocate black sea to jurong or smewhere else

Yes black and yellow sea should be cleaned up.

Then local workers like you can clean up the rubbish bins and construct buildings. You will get paid pretty well.

Well done.

registered
22-08-08, 13:16
600psf plus only can consider

developer sold at between 450 - 500plus in 2005 !!

Petmail
22-08-08, 13:17
you should have grab them during the developer's sales launch then... now you will never get this price anymore.

nregistered
22-08-08, 13:50
you should have grab them during the developer's sales launch then... now you will never get this price anymore.

U never know what will happen in 6 mths time - even Mr Li Ka Shing says the
"worst is yet to come" - read post in this forum.

i have seen properties TOP during Sars time that went even below developers'
launch price - so anything is possible.

For CitySQ - there 910 units - 90% of them will try and compete for the sales
or rental dollar. So just imagine.....

Not racist
22-08-08, 13:56
What do you mean by "clean up"? You're such a racist. If you don't like the so-called "black sea" then just do't buy this area or Meyer/Amber. There is always a choice!


govt shud clean up black sea but can't fault on locatn as it is very near town. Shud relocate black sea to jurong or smewhere else

cleanup Team
22-08-08, 14:04
Citysquare in such a nice area but tarnished by black sea. Govt (GOD) should relocate black sea to Tuas or Woodlands and give D8 a thorough cleanup


What do you mean by "clean up"? You're such a racist. If you don't like the so-called "black sea" then just do't buy this area or Meyer/Amber. There is always a choice!

TIME FOR RELOCATION
22-08-08, 14:20
it is time for relocation of Little India to some place Ulu. If you want D8 to be upmarket, that is the only way to go. Mustafa store should also be relocated to Sembawang or Tuas or perhaps Jalan Kayu. I think Jalan Kayu is ideal coz the Ke Leng Kias can finish eating their curry and go for their walks in Mustafa after that.


What do you mean by "clean up"? You're such a racist. If you don't like the so-called "black sea" then just do't buy this area or Meyer/Amber. There is always a choice!

Muttu
26-08-08, 17:41
it is time for relocation of Little India to some place Ulu. If you want D8 to be upmarket, that is the only way to go. Mustafa store should also be relocated to Sembawang or Tuas or perhaps Jalan Kayu. I think Jalan Kayu is ideal coz the Ke Leng Kias can finish eating their curry and go for their walks in Mustafa after that.

By then City Square may have hit $2,500 psf already.

Worth considering, isn't?

black sea cleanup team
27-08-08, 01:02
that is the whole idea, for city square to sell for 2k psf. The growth of the area hampered by black sea, no doubt bout it.
By then City Square may have hit $2,500 psf already.

Worth considering, isn't?

cleanup proposals
27-08-08, 13:38
the following are various initiatives to adopt: 1) shift entire black sea population to Tuas 2) move the black sea underground permanently 3) use bleach to whiten black sea

nregistered
27-08-08, 20:32
the following are various initiatives to adopt: 1) shift entire black sea population to Tuas 2) move the black sea underground permanently 3) use bleach to whiten black sea


racist remarks - soon you may be tracked

blacksea cleanup
27-08-08, 21:29
black sea has many implications, so if you think it is racist, it will be. If you think it in a non-racist manner, it will not be. No race has been mentioned in the posting but your crooked mind has construed it as otherwise...


racist remarks - soon you may be tracked

Un-racist
27-08-08, 22:02
Racist comments sinply reflect a person's insecurity about his world. Let's not bother about such people. Hopefully, one day, he will also suffer similar racist taunts when he visits another country where he is the minority

Macan
23-10-08, 12:15
We heard many times about the re-rejuvenate idea from Government at the outer city areas. However, the prime area will always be the prime area and command the high prices.

The outer prime will always remain to cater for the larger population of the resident. Therefore, the prices per square feet will largely be affected by demand/supply and economics situation.

Sincerely, I think City Residence location is good and so is the Geylang Area. Therefore for property is always about location location location.

River Valley, Newton, Steven, Orchard will always command exclusive pricing.

Current prices does not reflect the mass market pricing and will have to come down by another 20% before it is realistic. The "flipper" will definitely get burned due to market condition and job cut...Only the cash rich will be able to hold on to ride the storm. It's crazy to buy $800 psf and try to flipper at $1200 within 6 months.

Prof Lilian Ng (NBS, NTU)
23-10-08, 13:22
We heard many times about the re-rejuvenate idea from Government at the outer city areas. However, the prime area will always be the prime area and command the high prices.

The outer prime will always remain to cater for the larger population of the resident. Therefore, the prices per square feet will largely be affected by demand/supply and economics situation.

Sincerely, I think City Residence location is good and so is the Geylang Area. Therefore for property is always about location location location.

River Valley, Newton, Steven, Orchard will always command exclusive pricing.

Current prices does not reflect the mass market pricing and will have to come down by another 20% before it is realistic. The "flipper" will definitely get burned due to market condition and job cut...Only the cash rich will be able to hold on to ride the storm. It's crazy to buy $800 psf and try to flipper at $1200 within 6 months.
Are we near the kind of economic difficulty faced during the Great Depression? The US economy today is much stronger than it was in 1929 and the fundamentals are still pretty strong regardless of the crisis we're in.

If you look at the numbers, they are so dramatically different. GDP growth in the US is about 1% and I'm sure it will fall but it is nothing like the -27% during the Great Depression. Unemployment is about 6.1%, but during the Great Depression it was 25%.

Today's world is very different from the Great Depression period - there is greater linkage between fiscal policies and the economy than before and all policymakers are working together. So we are not even close to the level of difficulties faced then.

Unreg¡stered
23-10-08, 13:23
We heard many times about the re-rejuvenate idea from Government at the outer city areas. However, the prime area will always be the prime area and command the high prices.

The outer prime will always remain to cater for the larger population of the resident. Therefore, the prices per square feet will largely be affected by demand/supply and economics situation.

Sincerely, I think City Residence location is good and so is the Geylang Area. Therefore for property is always about location location location.

River Valley, Newton, Steven, Orchard will always command exclusive pricing.

Current prices does not reflect the mass market pricing and will have to come down by another 20% before it is realistic. The "flipper" will definitely get burned due to market condition and job cut...Only the cash rich will be able to hold on to ride the storm. It's crazy to buy $800 psf and try to flipper at $1200 within 6 months.
Flipper, don't be too happy!
Fliipers are just some other losers in this game.
The real big-time winner is IRAS!


http://sphreg.asiaone.com/RegAuth2/images/mainST(b).gif
Property sub-sales net $95m profits
Third-quarter showing still strong but market will soften soon: Experts
Fiona Chan
Property Reporter
Wednesday, 22 October 2008

http://www.thesailmarinabay.com/sail.jpg

Private home prices may have slid in the third quarter but the sub-sale market was still going strong.

Ninety-six per cent of owners who resold an uncompleted home between July and last month pocketed profits from the deals, according to new data by property consultancy Savills Singapore.

These transactions, officially known as sub-sales, occur when you buy a home and resell it before it is built. They are used as a proxy for property speculation because the owner resells the home without ever living in it.

Only 12 sub-sale transactions out of the 306 that Savills analysed in the quarter incurred a loss, amounting to just under $1 million of red ink. The rest made a total of $95.1 million in gains, Savills said.

This continues the trend in the first half of the year, when 97% of such deals turned in profits. But the profits seen in the third quarter were considerably narrower as home prices started softening more quickly.

Profitable sub-sellers made an average of $323,420 in the third quarter, but this was skewed upwards by a single large deal: a whopping $6.7 million profit from the sale of a 63rd-storey penthouse at The Sail @ Marina Bay.

Excluding this sale, the average gain was $301,784 - almost 40% lower than the average gain in the first half of the year. It works out to an average profit for each seller of about 30% over the purchase price.

Still, 'to be able to achieve such gains in a year when the property market has gone into a standstill is highly commendable', said Mr Ku Swee Yong, director of business development and marketing at Savills Singapore.

But in case would-be speculators become tempted by these gains, other consultants noted that the bulk of these deals probably occurred before the Sept 14 collapse of United States investment bank Lehman Brothers, which caused the financial crisis to take a sudden turn for the worse.

'The real estate market typically lags behind the stock market by six months or more, so we will probably start to see the real effect early next year,' said Mr Nicholas Mak, director of research and consultancy at Knight Frank.

'These profitable sub-sale transactions took place before the market hit the skids. It is extremely risky to go and speculate in the market right now.'

Most sellers who made a profit in the third quarter had originally bought their units in the last two years and benefited from the sharp run-up in prices in the period, said Mr Ku. While values have weakened somewhat this year, they are still generally higher than in 2006.

Sellers who held on to their units for a longer time before reselling them in the third quarter made more gains, Savills' data showed. Even those who had bought a unit as late as this year and offloaded it in the third quarter made an average gain of $98,600.

If they had sold the unit in the first half of the year, however, they would probably have doubled their gain.

The biggest profits of more than $1 million each were for units at The Sail @ Marina Bay, St Regis Residences and Cairnhill Residences.

On the flip side, sub-sale losses for the quarter averaged $76,820 for each loss-making deal. A unit at Watermark Robertson Quay chalked up the biggest loss of $207,552, while units at Soleil @ Sinaran, 8 @ Mt Sophia and One Amber were also sold at losses of more than $100,000 each.

All the losses were for units that had been bought last year or this year, according to Savills' data. Sub-sellers who had bought their units at the peak of property fever, between June and September last year, bled the most.

'In any case, there are always desperate sale cases even during good times,' Mr Ku noted.

The Sail @ Marina Bay had the largest number of sub-sales in the quarter - 19 - with each deal netting its seller an average profit of $1.1 million. There was one loss, of $62,890, for a second-floor unit.

Other projects with more than 10 sub-sales included Parc Emily in Dhoby Ghaut, Park Infinia at Wee Nam, Riveredge in Tanjong Rhu and The Esta in Marine Parade.

But the profits were not just confined to developments in the prime districts.

At Casa Merah in Tanah Merah, 10 sub-sales yielded an average profit of $100,351, while Atrium Residences in Geylang saw four sub-sales with an average gain of $54,556.

windyfoong
23-10-08, 14:10
Hi ,
I found one website very impressive and comprehensive,just like an condo directory search engine. I was attracted by its 720 degree virtual tour,transaction chart,elevation,floor plan,ect. Look up urself in more details,then u will know how helpful and comprehensive it is.:)

http://www.virtualhomes.sg/citysquareresidences

Fúck You
23-10-08, 15:11
Hi ,
I found one website very impressive and comprehensive,just like an condo directory search engine. I was attracted by its 720 degree virtual tour,transaction chart,elevation,floor plan,ect. Look up urself in more details,then u will know how helpful and comprehensive it is.:)

http://www.virtualhomes.sg/citysquareresidences
Fùck off with your message posted anywhere. The threads are not rubbish bins for you to dump your rubbish!

Unregisteredkim
06-11-08, 12:40
anyone know the psf 4 a 2 bedroom unit? abt >10 floors n above

Eck
07-11-08, 08:04
anyone know the psf 4 a 2 bedroom unit? abt >10 floors n above

No transaction in the mth of oct for 2 bedroom units in the mth of OCT, since the last time i checked from the URA site. I think demand is really low at this pt of time. No one wants to commit to such a big purchase at this pt of time of unstability.

On the Sellers side, alot of ppl trying to sell off their units to secure some at least some profits to reinvest at a later time. So keep your fingers crossed. You might get a good deal.

Cheers

Whats a good deal?
07-11-08, 21:29
Whats a good deal?
Below 800psf? Possible for a 2 bedroom?



No transaction in the mth of oct for 2 bedroom units in the mth of OCT, since the last time i checked from the URA site. I think demand is really low at this pt of time. No one wants to commit to such a big purchase at this pt of time of unstability.

On the Sellers side, alot of ppl trying to sell off their units to secure some at least some profits to reinvest at a later time. So keep your fingers crossed. You might get a good deal.

Cheers

Unreg¡stered
07-11-08, 21:37
Whats a good deal?
Below 800psf? Possible for a 2 bedroom?
$800psf? Below D19 99Leasehold price?
No! Lower than that!
You should buy Freedhold CSR at HDB flat price!


Private Residential Units Sold in the Month of September 2008

Project Name ..... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Kovan Residences . OCR ....... 4 ............................... 964 ................ 940 ............... 860

Wow!
KR has just broken August record high of $954psf with this new record high of $964psf.
Bravo!

Haha
07-11-08, 21:41
Whats a good deal?
Below 800psf? Possible for a 2 bedroom?

$800psf? Below D19 99Leasehold price?
No! Lower than that!
You should buy Freedhold CSR at HDB flat price!
Buy freehold district-8 condo at public flat price?
2 cocks talking cocks here!

Eck
07-11-08, 22:39
$800psf? Below D19 99Leasehold price?
No! Lower than that!
You should buy Freedhold CSR at HDB flat price!


Hummzzz considering the initial launch price of CSR back then and the sheer amt of units available, i think below $800 is definately possible. Its still quite a substantial amount of profit we are talking abt.

Thinking from an investor pt of view, it is only common sense to sell off and secure profits if you think that the market is going down (By the way i am not saying that the market will fall, decide on your own) and then re-enter the market during the uptrend to enjoy the value growth.

So personally i think property owners will choose to cash out and then re-enter the market when it stabilizes and when property prices are at its low again. However its only my guess, every man for himself, make ur own decisions and we will see how the market goes. Believe Oct transactions are already showing the effects of the down turn.

Best is not get too attached to an investment, that is one common pitfall that many fall into. As of now if the demand is low, so i believe sellers can only hope to find buyers who are buying to stay in the area rather then for speculative purposes, if not just hold on to ur property until the next cycle if it falls below your buying price, you will only lose out on paper value, opportunity cost and liquidity. If you believe that the market will go way down where future opportunity cost is high, then you might want to sell your property even at a managable loss and then recoop your losses on the up trend to maximise ur capital.

As for FH at HDB prices? Hummzzz, i doubt the market will be tat inefficient. Even if such a deal exists i believe the first person to know abt it (prob a friend or a property agent) will prob buy it and then resell it at a more realistic rate.


Cheers

Just my 2 cent worth..
07-11-08, 23:27
It is not as simple as you thought.

First of all, the property market has started to retreat, then at current market price, there isnt many willing buyer. Buyers are either looking for a huge discount to factor in the recession impact, or they just wait & see (for those who think price will drop sharply when recession comes..)

If property owner wants to cash out, they have to forego hard earn profits. Imaging you could earn 150K 4 months ago, b'cos of missing the window of opportunities, you are going to make only 50K profit only.. not many can accept that. Cut loss is always the most difficult decision.

It is not a common sense to sell now and buy later. These people already bought at good price (if they can still make profit now), if they can afford to hold the property, they need not take chance to sell the property at low profit now and risk the chance of buying property at another low price, they may not get a good price.. (how much the property price should go down further is still a unknown..)

If the property owner is already making a loss, as long he sustain the monthly payment to hold the property, he is still doing ok. By selling it, he may run into losses that can cause bankrupcy. So the property owner still cannot sell, afterall, how much the property price should fall is still a speculation now..

All these buy and sell decision may change one person's life forever, so it is not as easy as you have said in your comments.



Hummzzz considering the initial launch price of CSR back then and the sheer amt of units available, i think below $800 is definately possible. Its still quite a substantial amount of profit we are talking abt.

Thinking from an investor pt of view, it is only common sense to sell off and secure profits if you think that the market is going down (By the way i am not saying that the market will fall, decide on your own) and then re-enter the market during the uptrend to enjoy the value growth.

So personally i think property owners will choose to cash out and then re-enter the market when it stabilizes and when property prices are at its low again. However its only my guess, every man for himself, make ur own decisions and we will see how the market goes. Believe Oct transactions are already showing the effects of the down turn.

Best is not get too attached to an investment, that is one common pitfall that many fall into. As of now if the demand is low, so i believe sellers can only hope to find buyers who are buying to stay in the area rather then for speculative purposes, if not just hold on to ur property until the next cycle if it falls below your buying price, you will only lose out on paper value, opportunity cost and liquidity. If you believe that the market will go way down where future opportunity cost is high, then you might want to sell your property even at a managable loss and then recoop your losses on the up trend to maximise ur capital.

As for FH at HDB prices? Hummzzz, i doubt the market will be tat inefficient. Even if such a deal exists i believe the first person to know abt it (prob a friend or a property agent) will prob buy it and then resell it at a more realistic rate.


Cheers

Eck
08-11-08, 00:09
It is not as simple as you thought.

First of all, the property market has started to retreat, then at current market price, there isnt many willing buyer. Buyers are either looking for a huge discount to factor in the recession impact, or they just wait & see (for those who think price will drop sharply when recession comes..)

If property owner wants to cash out, they have to forego hard earn profits. Imaging you could earn 150K 4 months ago, b'cos of missing the window of opportunities, you are going to make only 50K profit only.. not many can accept that. Cut loss is always the most difficult decision.

It is not a common sense to sell now and buy later. These people already bought at good price (if they can still make profit now), if they can afford to hold the property, they need not take chance to sell the property at low profit now and risk the chance of buying property at another low price, they may not get a good price.. (how much the property price should go down further is still a unknown..)

If the property owner is already making a loss, as long he sustain the monthly payment to hold the property, he is still doing ok. By selling it, he may run into losses that can cause bankrupcy. So the property owner still cannot sell, afterall, how much the property price should fall is still a speculation now..

All these buy and sell decision may change one person's life forever, so it is not as easy as you have said in your comments.



I think which school of thought each individual is more inclined to is based on his or her risk appetite i guess. So there is no right or wrong answer. And i totally agree with you that buying and selling decisions are not easy decisions to be made haha.

Personally i adopted a buying into the "start" of a uptrend and selling into the "start" of a downtrend strategy as i felt that property price movement are usually slow. (Defination of "start" here varies with different individuals once again haha, how i wish i can always time it correctly)

Anyway like i said everyman for himself, lets just make our own decisions and see how the market moves.

Glad to see views from a different perspective.
Thanks for sharing

Cheers

Unreg¡stered
09-11-08, 00:02
Hummzzz considering the initial launch price of CSR back then and the sheer amt of units available, i think below $800 is definately possible. Its still quite a substantial amount of profit we are talking abt.

....................

As for FH at HDB prices? Hummzzz, i doubt the market will be tat inefficient. Even if such a deal exists i believe the first person to know abt it (prob a friend or a property agent) will prob buy it and then resell it at a more realistic rate.


CheersAiyah!
Why talk about inefficient or not?

If D8 freehold can sell below D19 99-leasehold price, as per what you said, it can also sell below HDB flat price.

Both scenarios are inefficient in any case.

Eck
09-11-08, 08:49
Aiyah!
Why talk about inefficient or not?

If D8 freehold can sell below D19 99-leasehold price, as per what you said, it can also sell below HDB flat price.

Both scenarios are inefficient in any case.


In this case you are assuming that D19 prices still hold while only D8 prices drop (If the market does go on a down). More likely D19 prices will drop along with the prices in D8 too (might not be totally in line but definately the price drop in D08 projects will case will cause D19 projects to adjust its prices.)
FH or leashold personally i dun really see the diff as long as the location is ok, depends on what you are buying the property for in the first place.

Anyway you can wait for prices to drop below HDB prices, its your money and your choice. Nothing is impossible. Good luck.

Cheers

Unreg¡stered
09-11-08, 16:24
In this case you are assuming that D19 prices still hold while only D8 prices drop (If the market does go on a down). More likely D19 prices will drop along with the prices in D8 too (might not be totally in line but definately the price drop in D08 projects will case will cause D19 projects to adjust its prices.)
FH or leashold personally i dun really see the diff as long as the location is ok, depends on what you are buying the property for in the first place.

Anyway you can wait for prices to drop below HDB prices, its your money and your choice. Nothing is impossible. Good luck.

Cheers
Talking cock!

Anyway you can wait for prices to drop below D19 99LH prices, its your money and your dream. Nothing is impossible. Good luck.

Reg¡stered
13-11-08, 12:50
Talking cock!

Anyway you can wait for prices to drop below D19 99LH prices, its your money and your dream. Nothing is impossible. Good luck.
Relax lah!
He is just joking with you.

Maybe you wants you to buy the new condo in Jurong?
$1,000psf only!
Cheaper than district 8!


To all condo owners in Jurong West,


Congrats to all of us. The $1000 psf price has come to town!


Saw this advert on the new development at Lakeside by Frasers Centrepoint.

http://www.propertyguru.com.sg/listi...de-new-project

Unreg¡stered
13-11-08, 13:06
Relax lah!
He is just joking with you.

Maybe you wants you to buy the new condo in Jurong?
$1,000psf only!
Cheaper than district 8!
You link above is wrong.
This is the correct one:
http://www.propertyguru.com.sg/listing/254296/for-sale-lakeside-new-project

sufri
26-11-08, 22:16
hi all,
I have been following up on the subsales transaction at CSR with keen interest and personally i find CSR a good investment. If owners hv holding power, then good to keep till economy recovers. If not, sell fast to cut loss. Any way, I am new to condo terms...what does "stack" mean?
Also, any owners of a studio unit above 15 floors will to sell their unit, do message me. Thanks.,

Petmail
27-11-08, 00:28
hi all,
I have been following up on the subsales transaction at CSR with keen interest and personally i find CSR a good investment. If owners hv holding power, then good to keep till economy recovers. If not, sell fast to cut loss. Any way, I am new to condo terms...what does "stack" mean?
Also, any owners of a studio unit above 15 floors will to sell their unit, do message me. Thanks.,


Hi Sufri,

Whenever we say "stack" it actually mean the unit number. #18 <-- Elevation or commonly known as floor. When we see the full unit number: #18-88 <== means 18 floor stack 88. Hope you know it now.

By the way, if you are still looking for a unit in CSR, kindly drop me a line @ 82818888 as I do have a few available units for your selection.

Cheers!

:)
Pet

$2COE
03-01-09, 18:41
Seems like a very highly advertised development for the subsale now..anyone can share your thoughts of the current going price of ~$800 psf for a 2 bdr (840 - 861 sq ft)?

jc
03-01-09, 22:41
Anyone has any idea why this project is transacting at ave $900+ psf when it is beside the Red Light District?

unregistered_user
03-01-09, 22:42
This development has very diverse price range. Saw an ad for a 2 bedroom at <800 - same for those studios. Firesale or what? Scratch head:doh:



Seems like a very highly advertised development for the subsale now..anyone can share your thoughts of the current going price of ~$800 psf for a 2 bdr (840 - 861 sq ft)?

AK47
05-01-09, 21:17
Close to MRT, Shopping Centre, FH?

Compared to Geylang Lorong 40 properties its a lttle high. Compared to 99yrs Dakota Crescent/Kovan Residences/Citylights its very reasonable.

Personnelly i dont like, too many foreign nei nei workers hanging all over the place. Very uncomfortable.


Anyone has any idea why this project is transacting at ave $900+ psf when it is beside the Red Light District?

Geylang OKT
05-01-09, 21:37
Don't worry. At night you will not see them at all (unless if they start smiling) :D

jc
05-01-09, 21:57
Haha... IMHO to pay the px for City Sq Resi, might as well get a D15 FH near Parkway Parade. Anyway, the anchor tenants of City Square Mall doesn't look impressive at all...

And it is exacly this mall that is potentially "dangerous"...
Imagine who do u think will crowd there during the weekends? Ang Moh? Tourist? Locals? OR People who used to sit on the grass open space now have a new free air con place to hang out?

$2COE
05-01-09, 23:53
Hi,

Any idea who's already on the list of anchor tenants for this mall?

jc
08-01-09, 21:17
Hi,

Any idea who's already on the list of anchor tenants for this mall?

Metro, NTUC, etc. Targeting heartlanders. The main problem is there aren't many HDB household in the area unlike other towns like Tampines, Bishan, etc. And if i have to travel all the way to Citysquare, might as well go Plaza Sing, Bugis, etc. unless i wanna go Mustafa... Good luck to tenants there...

hayata1972
09-01-09, 22:21
Bros, the last few comments should be aired in skyscrapercity's CSR thread.

ahlahdin
10-01-09, 04:41
Bros, the last few comments should be aired in skyscrapercity's CSR thread.

bro, I don't think so. the people there are too politically correct. you'll probably get a warning and a ban for saying those things.

highskies
11-01-09, 22:11
Hi pple,

Personally although I don't really like the design of CSR, I think the location is great, cos of the MRT, the upcoming mall, the many good food stalls and the colourful vibrant place, including little india.

As for Ahladin's comments about it's not politically correct, I think it is just being polite and sensitive to people. Although I am not Indian, I find it very sad and insulting to hear people in this forum degrading people of other races. Those "nei nei" some of you mentioned are the ones who built your houses and flats we all stay in. Without them, who do you think are going to built your house? You?

This forum should be for people who are interested in discussing property / housing issues. For those who like dissing comments about people of colour, please go somewhere else or be brave to state your name and not hide behind the anonymity of the internet. Thank you.

Petmail
12-01-09, 18:21
Hi pple,

Personally although I don't really like the design of CSR, I think the location is great, cos of the MRT, the upcoming mall, the many good food stalls and the colourful vibrant place, including little india.

As for Ahladin's comments about it's not politically correct, I think it is just being polite and sensitive to people. Although I am not Indian, I find it very sad and insulting to hear people in this forum degrading people of other races. Those "nei nei" some of you mentioned are the ones who built your houses and flats we all stay in. Without them, who do you think are going to built your house? You?

This forum should be for people who are interested in discussing property / housing issues. For those who like dissing comments about people of colour, please go somewhere else or be brave to state your name and not hide behind the anonymity of the internet. Thank you.

Good one highskies! Cheers to you!

:)
Pet

unregistered_user
12-01-09, 21:49
Yes. The location is good esp if links with the MRT.
Just that there are too many units in this development.
900+???!!:doh:



Hi pple,

Personally although I don't really like the design of CSR, I think the location is great, cos of the MRT, the upcoming mall, the many good food stalls and the colourful vibrant place, including little india.

As for Ahladin's comments about it's not politically correct, I think it is just being polite and sensitive to people. Although I am not Indian, I find it very sad and insulting to hear people in this forum degrading people of other races. Those "nei nei" some of you mentioned are the ones who built your houses and flats we all stay in. Without them, who do you think are going to built your house? You?

This forum should be for people who are interested in discussing property / housing issues. For those who like dissing comments about people of colour, please go somewhere else or be brave to state your name and not hide behind the anonymity of the internet. Thank you.

Geylang OKT
12-01-09, 22:20
Don't worry. We OKTs are schooled in the art of being subtle :D

gfoo
12-01-09, 23:24
The grounds, facilities layout and amenities for CSR is excellent!
But let's call a spade a spade if the developer/MCST does not do what is necessary to protect the privacy and security of its residents.

i remember back in 03 when HDB released some brand new blocks in that area. Great location, wonderful height can see up to orchard. But go into MSCP - there were foreign workers camping in corner having picnic, one group per MSCP floor. Lift lobby (mind you nobody moved in yet), strewed with empty beer bottles. Go to highest floor, strong spice smell even when so high (once in a while is ok, imagine everyday).

This has got nothing to do with race, but personal privacy and comfort. Same reason why people dun like to live near churches (road jam); temples (joss sticks); mosques (call for prayers); etc etc

one doesn't pay that high just to stay in a prison oasis afraid to step out

jc
13-01-09, 21:05
The grounds, facilities layout and amenities for CSR is excellent!
But let's call a spade a spade if the developer/MCST does not do what is necessary to protect the privacy and security of its residents.

i remember back in 03 when HDB released some brand new blocks in that area. Great location, wonderful height can see up to orchard. But go into MSCP - there were foreign workers camping in corner having picnic, one group per MSCP floor. Lift lobby (mind you nobody moved in yet), strewed with empty beer bottles. Go to highest floor, strong spice smell even when so high (once in a while is ok, imagine everyday).

This has got nothing to do with race, but personal privacy and comfort. Same reason why people dun like to live near churches (road jam); temples (joss sticks); mosques (call for prayers); etc etc

one doesn't pay that high just to stay in a prison oasis afraid to step out

Exactly that's my point too. On top of that, i am also concerned with the safety of ladies n kids in my family. Well, at least the other part of Singapore near to Aljunied MRT, there are less cases of foreign workers camping in corner having picnic.

Btw, have read thru the posting in forum of skys..percity. I reckon many are 1st time pte pty buyer and just love everything they see inside the new condo ignoring the fact that the whole project feels cramped, coupled with the less than desirable surrounding and location.

Although the unit layout is ok, is it worth to pay $800+ psf for this place? Or is there more potential px upside if i put my money in FH pty near Aljunied MRT? Or is it foreseeable px goes down to $600+?

Geylang OKT
13-01-09, 21:12
Another big minus... most of the owners are trying either to get rid of their units or trying to rent out their apts by the dozens. Just check out the Straits Times and you can see scores being advertised every day nowadays. :doh:

hayata1972
14-01-09, 07:57
Another big minus... most of the owners are trying either to get rid of their units or trying to rent out their apts by the dozens. Just check out the Straits Times and you can see scores being advertised every day nowadays. :doh:

Location wise very undesireable...How to rent out? Any expat sees the enviornment and crowds at sunday sure get super turn off. At least geylang condos still can rent to working girls.

august
14-01-09, 09:12
The grounds, facilities layout and amenities for CSR is excellent!
But let's call a spade a spade if the developer/MCST does not do what is necessary to protect the privacy and security of its residents.

i remember back in 03 when HDB released some brand new blocks in that area. Great location, wonderful height can see up to orchard. But go into MSCP - there were foreign workers camping in corner having picnic, one group per MSCP floor. Lift lobby (mind you nobody moved in yet), strewed with empty beer bottles. Go to highest floor, strong spice smell even when so high (once in a while is ok, imagine everyday).

This has got nothing to do with race, but personal privacy and comfort. Same reason why people dun like to live near churches (road jam); temples (joss sticks); mosques (call for prayers); etc etc

one doesn't pay that high just to stay in a prison oasis afraid to step out

Yes, a friend is staying at those HDB now. And he can't wait for the 5 years limit to reach in order to sell and move out. According to him there are still unsold units in those HDB.

As for CSR, even when the next-door mall is up it just means another mustafa for the largely indentured foreign workers to hang out.

hayata1972
15-01-09, 10:07
Yes, a friend is staying at those HDB now. And he can't wait for the 5 years limit to reach in order to sell and move out. According to him there are still unsold units in those HDB.

As for CSR, even when the next-door mall is up it just means another mustafa for the largely indentured foreign workers to hang out.

Agreed, agreed.

jc
15-01-09, 14:52
Yes, a friend is staying at those HDB now. And he can't wait for the 5 years limit to reach in order to sell and move out. According to him there are still unsold units in those HDB.

As for CSR, even when the next-door mall is up it just means another mustafa for the largely indentured foreign workers to hang out.


Agreed as mentioned in my earlier post :) The so called park view for some units... Who do u think hang out in the park there? Haha...

Geylang OKT
17-01-09, 08:20
Every owner here should learn the fine art of head shaking, from left to right, and right to left. Repeat x 3 :D

This will help you build rapport with your tenants. :scared-5:

hayata1972
17-01-09, 14:18
Every owner here should learn the fine art of head shaking, from left to right, and right to left. Repeat x 3 :D

This will help you build rapport with your tenants. :scared-5:

Problem with CSR is because of the huge population of bangladashi workers within the area. Nothing to do with race. In fact i wouldn't want to live in a condo with china workers hanging around downstairs... Makes me feel sucks...

Tanjong rhu which i have stayed for 1 year has a majority of NRI, Non-resident indians. They are high class, polite and good neighbours. CSR will have not much NRIs staying there.

ahlahdin
17-01-09, 15:11
It has nothing to do with race. Whether from China, India, Bangladesh or Indonesia, these blue collared workers are not desired neighbours. They are all equally despised. Go ask those multiracial residents of Serangoon Gardens landed property neighbourhood, they will tell you. The only person making it a racial issue is you.

Secondly, I never wrote anything racist in this forum. I never called anyone ah neh or ah nei.

Thirdly, how do you know what race I am of? I have heard that it is not possible to be considered racist against your own race.

Lastly, we all know that skyscraper forum is politically correct and lame. You will never see any post slamming developers, condos or design or location. So many out of bound markers that I feel like in lala land there. When I want an objective view of a condo and location, skyscraper is not a place I would take advice from.

Why do you think the Centris forum here is dead? Because they have all gone there. Those people cannot tahan objective comments about their condo. They feel like the frank and sometimes unpleasant comments hurt them deeply. They like discussing Centris in a forum where reality is not present and make their condo sound better than what it actually is.


Hi pple,

Personally although I don't really like the design of CSR, I think the location is great, cos of the MRT, the upcoming mall, the many good food stalls and the colourful vibrant place, including little india.

As for Ahladin's comments about it's not politically correct, I think it is just being polite and sensitive to people. Although I am not Indian, I find it very sad and insulting to hear people in this forum degrading people of other races. Those "nei nei" some of you mentioned are the ones who built your houses and flats we all stay in. Without them, who do you think are going to built your house? You?

This forum should be for people who are interested in discussing property / housing issues. For those who like dissing comments about people of colour, please go somewhere else or be brave to state your name and not hide behind the anonymity of the internet. Thank you.

unregistered_user
17-01-09, 16:29
I think you should stop bragging about giving objective comments..... Everybody have their point of view. If you insist yours is an objective one - then everybody is a Saint here, isnt it? :spliff:

Geylang OKT
18-01-09, 07:38
Unfortunately, the owners only want to hear good things about their project. Why do you think Citylights (a 99LH project) is doing so much better than CSR (a FH project)? :doh:

nav14
19-01-09, 10:24
I do not own any unit at CSR but in my view it is the most undervalued condo in Singapore. Mainly because of the biasness of the majority Chinese who form the majority of buyers. I am sure most of the Chinese buyers at CSR are Buddhists or real Christians who tend to be less bias than Taoists. This is very sad but a fact of life.

The location and proximity to amenities is EXCELLENT. If this was Chinatown instead of Little India , it would be selling for at least 1200psf even at today's depressed prices.

Some people here seem to talking through their backsides. They must have never properly ventured into Little India due to their biasness. Most of the Sunday crowds of workers do not congregate at or beyond Kitchener Rd where CSR is located. Some people like Hayata1972 will forever show their stupidity like they do at the Skycrapercity forum by implying that workers will be congregating right at the doorstep of CSR. It is like as if they will all be waiting at the maingate of CSR and waiting to harass the CSR residents. Please WAKE UP lah.
IN any case the workers are there only for 6-8 hours on Sunday. Hayata should take a walk along Kitchener Rd on normal days and see for which majority race can be found frequenting this road. It is 70% Chinese. 95% of the businesses along Kitchener Rd are Chinese owner iand has Chinese clientele including some very popular restaurants.
Little India is chaotic just like Chinatown but it is very safe and culturally rich. The caucasians who are less bias know this and that is why you will find quite a number of them staying at Kerrisdale. (Disbelivers should go and staion at the entrance of Kerrisdale & observe for themselves) If they can find Kerisdale suitable I don't see why they will not find CSR even more suitable. If they find staying in this part of Singapore acceptable, I don't see why the Chinese are complaining about.

From an investment point of view, the only disadvantage of CSR is the large number of units which has resulted in its price declining more than expected as it neared TOP. You just need 10 owners out of 910 owners to get scared and they will bring the price down overnight. CSR is unlucky to have its TOP right in the middle of the financial crisis. But once the panic selling is over prices will stabilise. Rents will also suffer as there are too many units chasing too few tenants. Then again look at The Sail. The Sail is a bigger disaster than what CSR would be in terms of leasing.

City Square Mall is already 70% leased out and there was an article on the compostition of the tenants. Despite this you still have clowns here saying that it will turn into another Mustaffa. There will be 2-3 foodcourst with one specilising in Japan food. There will be many restaurants - more than the average mall out there. This alone will be enough to bring the food crazy crowds to CSM. If they don;t mind going to the streets of Geylang and sitting next to hookers as long as they can get a chance to taste their desired food, what is going to stop them from visiting a Mega Mall. If I am the marketing agent, and if I see many shops not being taken up or closing down, I just need to turn it into a food paradise. The bias Chinese will then not care even if they are surrounded by 1000 Bangaldeshis as long as they can eat their food.

As for red light activity, it is almost gone. It is just a one lane where half the brothels have closed shop. The govt is not giving out any new licencs unlike in Geylang. It is dying a natural death as most patrons prefer going to Geyland. You really have to go and look for this lane in order to see the activity and prostitiutes. You drive past Petain Rd and look straight, you will never guess that there is read light activity going on. So how much of a bother will this be to resdients at CSR.

As compared to Citylights, I would say those are fools who are willing to pay a 10-15% premium for a badly designed , HDB looking condo leasehod condo. IT is in such a sterilie and colourless environment. The nice view being enjoyed now and whihc may be part of the reason for the premium will be gone in time to come as the land in front of it gets developed based on the Masterplan.

Only intelligent, savvy and non-bias buyers will buy the most value for money condo in Singapore - ie CSR.

I am also looking at buying a unit there soon for my own stay. Why should I pay 750psf for a condo in the surburbs when I can get a freehold condo which for the same price and which is 5 minutes from Orchard Rd and lcoated next to a Mega Mall.

So put aside your biasness, use your brains and grab the deal of the decade. The Indians are not going to bite you.;)

august
19-01-09, 10:32
I do not own any unit at CSR but in my view it is the most undervalued condo in Singapore. Mainly because of the biasness of the majority Chinese who form the majority of buyers. I am sure most of the Chinese buyers at CSR are Buddhists or real Christians who tend to be less bias than Taoists. This is very sad but a fact of life.

The location and proximity to amenities is EXCELLENT. If this was Chinatown instead of Little India , it would be selling for at least 1200psf even at today's depressed prices.

Some people here seem to talking through their backsides. They must have never properly ventured into Little India due to their biasness. Most of the Sunday crowds of workers do not congregate at or beyond Kitchener Rd where CSR is located. Some people like Hayata1972 will forever show their stupidity like they do at the Skycrapercity forum by implying that workers will be congregating right at the doorstep of CSR. It is like as if they will all be waiting at the maingate of CSR and waiting to harass the CSR residents. Please WAKE UP lah.
IN any case the workers are there only for 6-8 hours on Sunday. Hayata should take a walk along Kitchener Rd on normal days and see for which majority race can be found frequenting this road. It is 70% Chinese. 95% of the businesses along Kitchener Rd are Chinese owner iand has Chinese clientele including some very popular restaurants.
Little India is chaotic just like Chinatown but it is very safe and culturally rich. The caucasians who are less bias know this and that is why you will find quite a number of them staying at Kerrisdale. (Disbelivers should go and staion at the entrance of Kerrisdale & observe for themselves) If they can find Kerisdale suitable I don't see why they will not find CSR even more suitable. If they find staying in this part of Singapore acceptable, I don't see why the Chinese are complaining about.

From an investment point of view, the only disadvantage of CSR is the large number of units which has resulted in its price declining more than expected as it neared TOP. You just need 10 owners out of 910 owners to get scared and they will bring the price down overnight. CSR is unlucky to have its TOP right in the middle of the financial crisis. But once the panic selling is over prices will stabilise. Rents will also suffer as there are too many units chasing too few tenants. Then again look at The Sail. The Sail is a bigger disaster than what CSR would be in terms of leasing.

City Square Mall is already 70% leased out and there was an article on the compostition of the tenants. Despite this you still have clowns here saying that it will turn into another Mustaffa. There will be 2-3 foodcourst with one specilising in Japan food. There will be many restaurants - more than the average mall out there. This alone will be enough to bring the food crazy crowds to CSM. If they don;t mind going to the streets of Geylang and sitting next to hookers as long as they can get a chance to taste their desired food, what is going to stop them from visiting a Mega Mall. If I am the marketing agent, and if I see many shops not being taken up or closing down, I just need to turn it into a food paradise. The bias Chinese will then not care even if they are surrounded by 1000 Bangaldeshis as long as they can eat their food.

As for red light activity, it is almost gone. It is just a one lane where half the brothels have closed shop. The govt is not giving out any new licencs unlike in Geylang. It is dying a natural death as most patrons prefer going to Geyland. You really have to go and look for this lane in order to see the activity and prostitiutes. You drive past Petain Rd and look straight, you will never guess that there is read light activity going on. So how much of a bother will this be to resdients at CSR.

As compared to Citylights, I would say those are fools who are willing to pay a 10-15% premium for a badly designed , HDB looking condo leasehod condo. IT is in such a sterilie and colourless environment. The nice view being enjoyed now and whihc may be part of the reason for the premium will be gone in time to come as the land in front of it gets developed based on the Masterplan.

Only intelligent, savvy and non-bias buyers will buy the most value for money condo in Singapore - ie CSR.

I am also looking at buying a unit there soon for my own stay. Why should I pay 750psf for a condo in the surburbs when I can get a freehold condo which for the same price and which is 5 minutes from Orchard Rd and lcoated next to a Mega Mall.

So put aside your biasness, use your brains and grab the deal of the decade. The Indians are not going to bite you.;)

Aiya let us not play the race card. it isn't about which race will bite you. It is about the long term value of the property.

And just about any condo in Singapore you will find caucasians. From far flung CCK to changi. But they don't make the value go up or down.

Buying a property to stay or invest hinges on many factors. So while there are some who find CSR very appealing for a host of reasons, others may not. Fact of life.

nav14
19-01-09, 11:50
Aiya let us not play the race card. it isn't about which race will bite you. It is about the long term value of the property.

And just about any condo in Singapore you will find caucasians. From far flung CCK to changi. But they don't make the value go up or down.

Buying a property to stay or invest hinges on many factors. So while there are some who find CSR very appealing for a host of reasons, others may not. Fact of life.
So what is going to be wrong with the long term value of CSR? The long term value of CSR will remain depressed as long as Chinese remain the majority buyers.

So what’s wrong with CSR location. IT is 5 minutes from downtown, 3 minutes from MRT and 20 metres from Mega Mall. Other locations with same atributes would be going for 1500psf. It is cheap because it is in LITTLE INDIA. If majority here were Indians, the value would be 1500psf but with majority being Chinese it is 750psf. That is fact of life. Race matters.

The point about caucasians staying at Kerrisdale is how bad can the location be when even caucasians who tend to have even more demanding taste are willing to stay there.
Because caucasians look at it differently. They do not look at the colour of the skin of the majority frequenting that location. As long as it is safe, and convenient and priced rightly they will grab it. For mostChinese, the only thing that matters is the COLOUR. of the skin

isaaclim
19-01-09, 12:07
So what is going to be wrong with the long term value of CSR? The long term value of CSR will remain depressed as long as Chinese remain the majority buyers.

So what’s wrong with CSR location. IT is 5 minutes from downtown, 3 minutes from MRT and 20 metres from Mega Mall. Other locations with same atributes would be going for 1500psf. It is cheap because it is in LITTLE INDIA. If majority here were Indians, the value would be 1500psf but with majority being Chinese it is 750psf. That is fact of life. Race matters.

The point about caucasians staying at Kerrisdale is how bad can the location be when even caucasians who tend to have even more demanding taste are willing to stay there.
Because caucasians look at it differently. They do not look at the colour of the skin of the majority frequenting that location. As long as it is safe, and convenient and priced rightly they will grab it. For mostChinese, the only thing that matters is the COLOUR. of the skin

To me it is not colour. It is the smell that matter!
Sorry..! Slap! Slap! I slapped myself left and right.

august
19-01-09, 12:27
So what is going to be wrong with the long term value of CSR? The long term value of CSR will remain depressed as long as Chinese remain the majority buyers.

So what’s wrong with CSR location. IT is 5 minutes from downtown, 3 minutes from MRT and 20 metres from Mega Mall. Other locations with same atributes would be going for 1500psf. It is cheap because it is in LITTLE INDIA. If majority here were Indians, the value would be 1500psf but with majority being Chinese it is 750psf. That is fact of life. Race matters.

The point about caucasians staying at Kerrisdale is how bad can the location be when even caucasians who tend to have even more demanding taste are willing to stay there.
Because caucasians look at it differently. They do not look at the colour of the skin of the majority frequenting that location. As long as it is safe, and convenient and priced rightly they will grab it. For mostChinese, the only thing that matters is the COLOUR. of the skin

So what is the point here? Race of course matters, but it is not the only factor. Like I said many many other factors involved.

aiya we can keep saying CSR is undervalued but end of day the market and demand and supply decide. Just don't go blame one race or elevate another (caucasians) for market reality.

august
19-01-09, 12:29
To me it is not colour. It is the smell that matter!
Sorry..! Slap! Slap! I slapped myself left and right.

For me the congestion, both vehicle and human, around is a turn off. Driving along the main road has to deal with very un-singaporean road crossing behaviour. ;)

hayata1972
19-01-09, 19:51
I do not own any unit at CSR but in my view it is the most undervalued condo in Singapore. Mainly because of the biasness of the majority Chinese who form the majority of buyers. I am sure most of the Chinese buyers at CSR are Buddhists or real Christians who tend to be less bias than Taoists. This is very sad but a fact of life.

The location and proximity to amenities is EXCELLENT. If this was Chinatown instead of Little India , it would be selling for at least 1200psf even at today's depressed prices.

Some people here seem to talking through their backsides. They must have never properly ventured into Little India due to their biasness. Most of the Sunday crowds of workers do not congregate at or beyond Kitchener Rd where CSR is located. Some people like Hayata1972 will forever show their stupidity like they do at the Skycrapercity forum by implying that workers will be congregating right at the doorstep of CSR. It is like as if they will all be waiting at the maingate of CSR and waiting to harass the CSR residents. Please WAKE UP lah.
IN any case the workers are there only for 6-8 hours on Sunday. Hayata should take a walk along Kitchener Rd on normal days and see for which majority race can be found frequenting this road. It is 70% Chinese. 95% of the businesses along Kitchener Rd are Chinese owner iand has Chinese clientele including some very popular restaurants.
Little India is chaotic just like Chinatown but it is very safe and culturally rich. The caucasians who are less bias know this and that is why you will find quite a number of them staying at Kerrisdale. (Disbelivers should go and staion at the entrance of Kerrisdale & observe for themselves) If they can find Kerisdale suitable I don't see why they will not find CSR even more suitable. If they find staying in this part of Singapore acceptable, I don't see why the Chinese are complaining about.

From an investment point of view, the only disadvantage of CSR is the large number of units which has resulted in its price declining more than expected as it neared TOP. You just need 10 owners out of 910 owners to get scared and they will bring the price down overnight. CSR is unlucky to have its TOP right in the middle of the financial crisis. But once the panic selling is over prices will stabilise. Rents will also suffer as there are too many units chasing too few tenants. Then again look at The Sail. The Sail is a bigger disaster than what CSR would be in terms of leasing.

City Square Mall is already 70% leased out and there was an article on the compostition of the tenants. Despite this you still have clowns here saying that it will turn into another Mustaffa. There will be 2-3 foodcourst with one specilising in Japan food. There will be many restaurants - more than the average mall out there. This alone will be enough to bring the food crazy crowds to CSM. If they don;t mind going to the streets of Geylang and sitting next to hookers as long as they can get a chance to taste their desired food, what is going to stop them from visiting a Mega Mall. If I am the marketing agent, and if I see many shops not being taken up or closing down, I just need to turn it into a food paradise. The bias Chinese will then not care even if they are surrounded by 1000 Bangaldeshis as long as they can eat their food.

As for red light activity, it is almost gone. It is just a one lane where half the brothels have closed shop. The govt is not giving out any new licencs unlike in Geylang. It is dying a natural death as most patrons prefer going to Geyland. You really have to go and look for this lane in order to see the activity and prostitiutes. You drive past Petain Rd and look straight, you will never guess that there is read light activity going on. So how much of a bother will this be to resdients at CSR.

As compared to Citylights, I would say those are fools who are willing to pay a 10-15% premium for a badly designed , HDB looking condo leasehod condo. IT is in such a sterilie and colourless environment. The nice view being enjoyed now and whihc may be part of the reason for the premium will be gone in time to come as the land in front of it gets developed based on the Masterplan.

Only intelligent, savvy and non-bias buyers will buy the most value for money condo in Singapore - ie CSR.

I am also looking at buying a unit there soon for my own stay. Why should I pay 750psf for a condo in the surburbs when I can get a freehold condo which for the same price and which is 5 minutes from Orchard Rd and lcoated next to a Mega Mall.

So put aside your biasness, use your brains and grab the deal of the decade. The Indians are not going to bite you.;)

You win lah, you win lah. :doh:

kal
19-01-09, 20:03
actually for those who compare CSR and citylights, 5-8yrs later, which one u think will be more valuable?? I personally find CSR interior and common area are much much better than citylight... But those high floor units in citylights really hv nice view of the kallang bay area...

wind
19-01-09, 20:11
Went to see CSR last weekend. Given that it is a CDL development, was uttterly disappointed. Quality was poor and choice of colour eg. window frame, finishing was poor. When megamall opens and flops, price will even be more depressed.

Will not buy, there are many better options available.

Geylang OKT
19-01-09, 20:44
To me it is not colour. It is the smell that matter!
Sorry..! Slap! Slap! I slapped myself left and right.

:eek: :scared-3: :hell-hath-no-fury: :D

Geylang OKT
19-01-09, 20:45
actually for those who compare CSR and citylights, 5-8yrs later, which one u think will be more valuable?? I personally find CSR interior and common area are much much better than citylight... But those high floor units in citylights really hv nice view of the kallang bay area...

Just don't chose those units that overlook Singapore Casket :scared-1:

Geylang OKT
19-01-09, 20:57
From the spirited defence of CSR just put up, I must surmise that these folks have become unwilling long term holders of CSR :banghead:

kal
19-01-09, 20:57
Just don't chose those units that overlook Singapore Casket :scared-1:

haha, true... b4 citylights TOP 2yrs ago, many investors also commented tat, opposite HDB, low class shophouses....etc.. When TOP, its rental yield is fantastically high at 7-9%... fengshui??

Geylang OKT
19-01-09, 21:00
haha, true... b4 citylights TOP 2yrs ago, many investors also commented tat, opposite HDB, low class shophouses....etc.. When TOP, its rental yield is fantastically high at 7-9%... fengshui??

erks.... :im-so-happy: :im-so-happy:

nav14
20-01-09, 08:58
:eek: :scared-3: :hell-hath-no-fury: :D

The only thing I can smell standing at the perimeter of CSR is the food from the Chinese restaurants. Even if there is any smell as it should definitely still smell better than your backside which you have got immune to.:D

nav14
20-01-09, 09:03
From the spirited defence of CSR just put up, I must surmise that these folks have become unwilling long term holders of CSR :banghead:

Majority who bought CSR bought it for their own occupation - so must be long term lah. It was launched and snapped up when the market was dead and speculation was the last thing on the majority of CSR buyers mind.

YOu also a long term owner of Geylang brothels. Never mind lah can get free f**k everyday.

nav14
20-01-09, 09:06
Went to see CSR last weekend. Given that it is a CDL development, was uttterly disappointed. Quality was poor and choice of colour eg. window frame, finishing was poor. When megamall opens and flops, price will even be more depressed.

Will not buy, there are many better options available.

CSR may not look very nice from a distance but from upfront it looks very elegant. Much better looking than 80% of the new condos being built - definitely more classy looking than HDBish Citylights.
How you know about finishing. You bothered to go make appts with agts and view the interiors of the units. You were so interested in buying? Soo tell me which units you went to view ? Or as the rest here just making up stories.

nav14
20-01-09, 09:08
You win lah, you win lah. :doh:

You better off staying put in Skyscrapercity. All think alike and carry each others ba**s in the property trend thread.

nav14
20-01-09, 09:10
For me the congestion, both vehicle and human, around is a turn off. Driving along the main road has to deal with very un-singaporean road crossing behaviour. ;)

Depends on when you travel. Most of the time it is ok. Driving on Orchard Rd or Katong near Parkway Parade is even worse - only difference is that you end up seeing more nicely dressed people.

nav14
20-01-09, 09:12
So what is the point here? Race of course matters, but it is not the only factor. Like I said many many other factors involved.

aiya we can keep saying CSR is undervalued but end of day the market and demand and supply decide. Just don't go blame one race or elevate another (caucasians) for market reality.

Like I said it is undervalued because Chinese are the majority buyers. Due to their biasness the prices get affected and undervalued. If majority buyers were Indians it would be the other way round.

HP65
20-01-09, 09:53
CSR may not look very nice from a distance but from upfront it looks very elegant. Much better looking than 80% of the new condos being built - definitely more classy looking than HDBish Citylights.
How you know about finishing. You bothered to go make appts with agts and view the interiors of the units. You were so interested in buying? Soo tell me which units you went to view ? Or as the rest here just making up stories.

I have personally been to one of the 4-bedder there coz a good friend of mine bought it for own stay.

With regards to quality, I would say its about average and like most condos, a lot of rectifications like kitchen carbinets doors, the flooring in all the rooms need to be grinded and varnish again.

Design wise, there is an ugly access window in the living room to the aircon compressors. My friend had to do a sliding wall feature to hide the window. And of coz, the blue tinted windows and grey window frames are downright distasteful, which can't be altered.

One plus point, especially when its for own stay, is the absence of a balcony. Thus the unit is quite spacious in comparison to other current generation of condos. However, considering the surrounding buildings, its not a pretty sight anyway. So no loss there. In fact, I would say forget about getting high floor units, just get a low-floor pool facing unit if anybody still wants to buy CSR.

Facilities not bad, they even have bowling alley and nice landscaping. However if its fully occupied, its going to be a crowded place.

I do agree that indeed if i were to compare a leasehold surburb condo going for 750 psf, I would gladly take this if its 800 psf and below, be it own-stay or for investment. End of day, its still in the city and near to MRT, so there will be no shortage of takers even in a down market. Just that the rental has to be low. Unlike some badly located condos which in a down time, even below $1,500 for a 3-bedder will find no takers.

And yes, lets leave the race issue aside.

ahlahdin
20-01-09, 09:57
bro nav, I stopped posting in skyscraper as well precisely because they like to carry each other's balls. here at least can have open discussion. btw, I thought you owned a unit at newton suites? did you sell it and reinvest in CSR?

Geylang OKT
20-01-09, 10:35
Too bad... ang mors just love balconies :D

Geylang OKT
20-01-09, 14:11
Some of the owners are collecting their keys at 3pm today 20 Jan. Agents, go try to solicit business from these owners. Most want to rent out or sell away :eek:

hayata1972
20-01-09, 15:15
bro nav, I stopped posting in skyscraper as well precisely because they like to carry each other's balls. here at least can have open discussion. btw, I thought you owned a unit at newton suites? did you sell it and reinvest in CSR?

He owns too many units in this current downturn, thus, going crazy wacking everyone that critizes anything that he has vested in. Many brothers in Skyscrapercity know that he is going nuts already.

Nav14 is going extremely personal with his arguments reflecting on the desperate situation he is in.
Nav14, good luck to you in this current climate.

you need it.;)

Geylang OKT
20-01-09, 15:58
He owns too many units in this current downturn, thus, going crazy wacking everyone that critizes anything that he has vested in. Many brothers in Skyscrapercity know that he is going nuts already.

Nav14 is going extremely personal with his arguments reflecting on the desperate situation he is in.
Nav14, good luck to you in this current climate.

you need it.;)

Wahahahaha.... he is in deep sheet then :D

highskies
24-01-09, 00:55
Wa lao, now it is class. Anyway I was just speaking my mind about some of the comments made here, including yours, which I didn't like. It may be frank and perhaps not pleasant to you, but hey, isn't that the reason why you like this forum??




It has nothing to do with race. Whether from China, India, Bangladesh or Indonesia, these blue collared workers are not desired neighbours. They are all equally despised. Go ask those multiracial residents of Serangoon Gardens landed property neighbourhood, they will tell you. The only person making it a racial issue is you.

Secondly, I never wrote anything racist in this forum. I never called anyone ah neh or ah nei.

Thirdly, how do you know what race I am of? I have heard that it is not possible to be considered racist against your own race.

Lastly, we all know that skyscraper forum is politically correct and lame. You will never see any post slamming developers, condos or design or location. So many out of bound markers that I feel like in lala land there. When I want an objective view of a condo and location, skyscraper is not a place I would take advice from.

Why do you think the Centris forum here is dead? Because they have all gone there. Those people cannot tahan objective comments about their condo. They feel like the frank and sometimes unpleasant comments hurt them deeply. They like discussing Centris in a forum where reality is not present and make their condo sound better than what it actually is.

ahlahdin
24-01-09, 02:16
Wa lao, now it is class. Anyway I was just speaking my mind about some of the comments made here, including yours, which I didn't like. It may be frank and perhaps not pleasant to you, but hey, isn't that the reason why you like this forum??

Yes I always welcome your frank comments, and I always reply to your posts directed at me. This is healthy frank discussion and I welcome your frankness and sincerity. That's why you will never see me telling anyone to shut up, even if I disagree with his/her view. I'd rather open it up for discussion. Everybody benefits by being able to see, but not necessarily agree with, each other's viewpoint.

The skyscrapercity way is to totally censor unpleasant stuff. Very Singaporean method, I feel. See no evil, hear no evil, the world will be a happier place. Just like ostrichs do.

ahlahdin
24-01-09, 02:23
He owns too many units in this current downturn, thus, going crazy wacking everyone that critizes anything that he has vested in. Many brothers in Skyscrapercity know that he is going nuts already.

Nav14 is going extremely personal with his arguments reflecting on the desperate situation he is in.
Nav14, good luck to you in this current climate.

you need it.;)

Bro hayata, I think it is ok for bro Nav to express his opinions, however warped others might find them to be. Personally I value diversity, as in, even nutters have the right to make themselves heard. I also value diverse viewpoints. Where I differ from those who claim to be multicultural and 'tolerant' towards all cultures is that I do not attempt to shove my opinions down anybody's throat. I express my views, yes, and I like to argue, but I don't expect everyone else to agree with me. Many of these fake liberals are nothing more than politically correct dictators/Nazis.

Geylang OKT
24-01-09, 06:45
Will prices here go back to the sale prices at launch? :D

hayata1972
24-01-09, 08:22
Bro hayata, I think it is ok for bro Nav to express his opinions, however warped others might find them to be. Personally I value diversity, as in, even nutters have the right to make themselves heard. I also value diverse viewpoints. Where I differ from those who claim to be multicultural and 'tolerant' towards all cultures is that I do not attempt to shove my opinions down anybody's throat. I express my views, yes, and I like to argue, but I don't expect everyone else to agree with me. Many of these fake liberals are nothing more than politically correct dictators/Nazis.

Haha, ok lah. Btw i still think that CSR is in a very undesirable location. That is of frank opinion. :)

Happy Chinese New Year to all forummers!

Geylang OKT
24-01-09, 10:34
Haha, ok lah. Btw i still think that CSR is in a very undesirable location. That is of frank opinion. :)

Happy Chinese New Year to all forummers!

Happy Lunar New Year to all Forummers... just in case this is a mostly indian thread :D

jc
24-01-09, 12:24
Will prices here go back to the sale prices at launch? :D

If One Amber is at $700+psf, I reckon City Sq might test $600+psf. Afterall, it just take 1% of the units to be on Fire sale and prices will come down, which might likely happen esp when there are insufficient tenants to fill the many units there.

Heard from a friend in the industry that several potential expat tenants gives the thumbs down after viewing the place. Traffic, noise, undesirable crowd in the vicinity being paramount concern.

Good luck to all :) Happy Chinese New Year!!

Geylang OKT
24-01-09, 14:00
If One Amber is at $700+psf, I reckon City Sq might test $600+psf. Afterall, it just take 1% of the units to be on Fire sale and prices will come down, which might likely happen esp when there are insufficient tenants to fill the many units there.

Heard from a friend in the industry that several potential expat tenants gives the thumbs down after viewing the place. Traffic, noise, undesirable crowd in the vicinity being paramount concern.

Good luck to all :) Happy Chinese New Year!!

Correct me if I am wrong. Launch price was around 600psf to 650psf rite? :o :D

jc
24-01-09, 14:56
Correct me if I am wrong. Launch price was around 600psf to 650psf rite? :o :D

I i don't remember wrongly, it was $500+psf to $600+ when launched in 2005 :)

august
24-01-09, 18:33
I i don't remember wrongly, it was $500+psf to $600+ when launched in 2005 :)

around $550-560 psf iirc

Geylang OKT
24-01-09, 22:49
I know someone who is regretting not selling when the going was good. He got an offer of 1.02m for his 3 bedroom unit, but he wanted 1.05m

The sale did not go through. He is rueing that day and blaming everybody from his agent, his friends to even his wife for giving the wrong advice and being greedy.

If not for the elusive additional 30k, he would have had upgraded his status from being a small time businessman to join the millionaire's club :doh:

focus
25-01-09, 22:23
I know someone who is regretting not selling when the going was good. He got an offer of 1.02m for his 3 bedroom unit, but he wanted 1.05m

The sale did not go through. He is rueing that day and blaming everybody from his agent, his friends to even his wife for giving the wrong advice and being greedy.

If not for the elusive additional 30k, he would have had upgraded his status from being a small time businessman to join the millionaire's club :doh:

Eh.. sgd 1 mil is not a millionaire..
the avg networth of a millionaire in singapore is usd$4.3mil (if i remember correctly from the wealth report by merril lynch).
I am one of the avg networth millionaire and i can tell you it feels the same as before.. I guess you need to be in the usd $10mil to actually feel rich...

nav14
28-01-09, 08:20
He owns too many units in this current downturn, thus, going crazy wacking everyone that critizes anything that he has vested in. Many brothers in Skyscrapercity know that he is going nuts already.

Nav14 is going extremely personal with his arguments reflecting on the desperate situation he is in.
Nav14, good luck to you in this current climate.

you need it.;)

Hayata = You are the most chilidsh forumer at Skyscraper. One without much grey matter and only thrives by carrying other's balls. The clowns in Skyscrapercity are BB, Shctaw yourself & of course Veru whose balls all of you like to carry.

How do you know how many units I own and if I am in financial difficulty. If you had ESP & smart you would have been a billionaire by now and need not resort to carrying balls.

Go and get a life Hayata. Stand on your feet, be a man and there is no need to carry balls.

nav14
28-01-09, 08:23
Eh.. sgd 1 mil is not a millionaire..
the avg networth of a millionaire in singapore is usd$4.3mil (if i remember correctly from the wealth report by merril lynch).
I am one of the avg networth millionaire and i can tell you it feels the same as before.. I guess you need to be in the usd $10mil to actually feel rich...

For a Geylang OKT, SGD 1 million is a millionaire lah. He does not need much to be satisfied. Simple brains will need minimum $$$ to be happy.

nav14
28-01-09, 08:27
If One Amber is at $700+psf, I reckon City Sq might test $600+psf. Afterall, it just take 1% of the units to be on Fire sale and prices will come down, which might likely happen esp when there are insufficient tenants to fill the many units there.

Heard from a friend in the industry that several potential expat tenants gives the thumbs down after viewing the place. Traffic, noise, undesirable crowd in the vicinity being paramount concern.

Good luck to all :) Happy Chinese New Year!!

I heard units are being taken up very fast despite the lack of tenants.

Your friend must be a lousy agent

nav14
28-01-09, 08:31
Will prices here go back to the sale prices at launch? :D

Even if they do, you got money to buy or not. Better stick to Geylang apts = you can do your OKT business from there, No need to contaminate other locations.

nav14
28-01-09, 08:44
bro nav, I stopped posting in skyscraper as well precisely because they like to carry each other's balls. here at least can have open discussion. btw, I thought you owned a unit at newton suites? did you sell it and reinvest in CSR?

I am still having my Newton Suites and do not own any at CSR though am consideirng it with falling prices. I invest for long term and buy only when I am sure I having holding power even if market crashes.

Geylang OKT
28-01-09, 09:15
nav14 sounds like a real desperado :D

Geylang OKT
28-01-09, 09:19
For a Geylang OKT, SGD 1 million is a millionaire lah. He does not need much to be satisfied. Simple brains will need minimum $$$ to be happy.

When you next come to Geylang, I will ask the fat Indonesian chickens at Lor 16 to service you, ok? Soothe your battered ego :D

Geylang OKT
28-01-09, 09:22
I heard units are being taken up very fast despite the lack of tenants.

Your friend must be a lousy agent

You are talking crap, and way out of your league here :tsk-tsk: :tongue3: :D

ppty
28-01-09, 10:17
Correct me if I am wrong. Launch price was around 600psf to 650psf rite? :o :D

wrong it was 550 plus during the time of Sars - some units even lower
at 500psf

Geylang OKT
28-01-09, 10:30
I forget... when was CSR launched? 2003 or 2005? :D

hayata1972
28-01-09, 10:32
Hayata = You are the most chilidsh forumer at Skyscraper. One without much grey matter and only thrives by carrying other's balls. The clowns in Skyscrapercity are BB, Shctaw yourself & of course Veru whose balls all of you like to carry.

How do you know how many units I own and if I am in financial difficulty. If you had ESP & smart you would have been a billionaire by now and need not resort to carrying balls.

Go and get a life Hayata. Stand on your feet, be a man and there is no need to carry balls.

Wow, the way you talk shows how educated you are... Good for you and don't worry. You can always rent out all your other units cheaply and live in your CSR unit since you like the location so much.

Good luck in this Ox market. You really will need it.;)

cloudy78
26-02-09, 23:31
Hi all... not wanting to attract any flames, personally i do think this project is undervalued thereotically, based on location, tenure, etc. But all this of cos is on paper...

Is this TOP-ed already? Can any owner objective state the pros and cons they feel abt this project? After reading through the thread i do have concerns about the crowd (900+ units). Not sure whether the residents in that area will post a concern, will go down to the site this weekend to have a feel...

In the meantime, hope i can revive this thread, and sincerely appreciate objective comments on the project itself. Cheers!

gfoo
26-02-09, 23:43
what is the current price psf btw?

cloudy78
26-02-09, 23:47
recent transacted (from URA) shows 650-850psf... if can get at the lower end of this range sounds good?

gfoo
27-02-09, 00:03
ok it's about $800psf now. $650 is a fair price. i am not an owner, but was previously considering this for rental income, so i did do a little research

conceptually on paper, i think the integrated retail/residential and the huge park/facilities area is good. but that's on paper.

traffic is a mess. illegal parking everywhere, many many trucks and vans loading and unloading stuff at the shophouses and shops opposite. on weekends, there are quite a bit of india indians around the area. thus commercial areas will be invariably catering to them as well - an extension of mustafa if you like. i feel insecure in this development. the gates seem more to keep me in, than others out.

i am not racist, but i do not pretend that when it comes to my living, family and personal space, i will want to live in a locality more like myself, or at least more cosmopolitan, and not be a minority in the locality. going to mustafa and little india to indulge in its food and quaintness on weekends is one thing, living there 24/7 is another. it's like an indian national living right smack in chinatown. i am not a saint, and will not fall for the govt's national integration % ratio diatribe - i'll leave that to the politicians

my home is my castle, not my prison

cloudy78
27-02-09, 09:30
Thanks... i do get your point...

Was thinking whether the crowdiness would work in the buyer's favour, ie. given 900+ units there I was thinking that would form quite a significant population in that area as well (prob not enough to overwhelm the foreign workers though). If we stick to the original assumption that majority buyers are chinese, would that translate into positive sentiments?

gfoo
27-02-09, 09:37
Thanks... i do get your point...

Was thinking whether the crowdiness would work in the buyer's favour, ie. given 900+ units there I was thinking that would form quite a significant population in that area as well (prob not enough to overwhelm the foreign workers though). If we stick to the original assumption that majority buyers are chinese, would that translate into positive sentiments?

at $500-600psf, yes that is positive sentiment. at current pricing, now.
you have to add a 'hardship' discount

my point is no matter how wonderful facilities, grounds or architecture is - they can gild it with platinum for all i care - it is a rose amongst thorns.

with more and more layoffs amongst foreign workers now and down the road, that area will be a melting pot of social instability. i do not insinuate anything, but look at the papers reports on robberies and how the describe the attackers as dark skinned always.

for that same reason, i regret purchasing my johor property back in 07 - great place in the middle of a golf course. but like city square, an oasis in a desert

jc
28-02-09, 00:49
at $500-600psf, yes that is positive sentiment. at current pricing, now.
you have to add a 'hardship' discount

my point is no matter how wonderful facilities, grounds or architecture is - they can gild it with platinum for all i care - it is a rose amongst thorns.

with more and more layoffs amongst foreign workers now and down the road, that area will be a melting pot of social instability. i do not insinuate anything, but look at the papers reports on robberies and how the describe the attackers as dark skinned always.

for that same reason, i regret purchasing my johor property back in 07 - great place in the middle of a golf course. but like city square, an oasis in a desert

Bro u have summed up some of my sentiments in a logical humourous way lol :)

J-Dog
28-02-09, 09:36
Been to the project , did not like it .. I think 500psf for high floor is the most I would pay .. just for rental , would never stayed there myself :(

august
28-02-09, 09:47
Feb 27, 2009
Foreign workers demand work
http://www.straitstimes.com/STI/STIMEDIA/image/20090227/In-SG-MOM.jpg
http://www.straitstimes.com/STI/STIMEDIA/common/c.gif http://www.straitstimes.com/STI/STIMEDIA/common/c.gif
A group of around 100 Bangladeshi migrant workers gathered outside the Ministry of Manpower on Friday. -- ST PHOTO: LAU FOOK KONG
A GROUP of around 100 Bangladeshi migrant workers gathered outside the Ministry of Manpower on Friday, urging the government to give them work and retrieve overdue pay after they were laid off by shipping firms. A representative for the Bangladeshi workers said they were promised a monthly salary of at least $400 and a work permit of two years. But with no work or pay for four months, they felt they were in danger of being deported.
'We don't want to go back to Bangladesh. We take loan, we cannot pay, we die,' said Mr Rahman, who gave up his farming job in Bangladesh and took a loan of $7,000 from money lenders back home to pay an agent fee to work in Singapore.
Fifty workers gathered at the ministry earlier this month.
Local advocacy group Transient Workers Count Too said such gatherings would become more common in Singapore as workers were not being fed enough and were just sitting in dormitories, amid Singapore's worst ever recession.
'The mood is that we are seeing a lot of people coming forward - hundreds - they don't have work,' said the group's Shelley Thio. 'We are going to see a lot more of it - they are being shortchanged.'
Singapore's shipyard, construction and manufacturing industries were once red hot, hiring almost 800,000 migrants in 2007. But as the economy slid into recession last year, demand for labour dived and major projects were cancelled or delayed.
'If developers can't get money to pay construction companies, subcontractors down the line will get affected too,' said Mr Chew Chin Hui, who heads a local building firm. -- Reuters.

august
28-02-09, 09:49
Feb 28, 2009
'Recession crimes' to rise


SINGAPORE courts are preparing to cope with more criminal and civil cases during this downturn. In 1999 and 2002, when the country was battling recessions, the courts' workload hit record levels.

Chief Justice Chan Sek Keong expects the numbers to spike again. 'Recession brings many social and other difficulties and problems for people in their daily lives,' he noted yesterday, as he rolled out the workplan for the Subordinate Courts at a seminar. 'We must therefore brace ourselves again for an expected influx of cases this year and while the recession lasts.'
Home Affairs Minister Wong Kan Seng had warned last month about a possible rise in crimes such as theft, vice and loan-sharking; separately, Police Commissioner Khoo Boon Hui expressed worry about white-collar crime.
Senior Counsel Cavinder Bull said he has already noticed a 'very significant increase' in cases on the civil front, in the form of companies landing in court for winding-up proceedings and insolvency-related litigation. More are also seeking court protection from creditors, asking for time to restructure operations.
Figures from the Insolvency and Public Trustee's Office have it that 109 firms were forced to liquidate in the last four months of last year, up from 69 in the corresponding period the year before.
Key to the CJ's plans for the Subordinate Courts is reducing the time and manpower needed for criminal processes.
Those who can raise money for bail, for example, will no longer have to wait long to get out of remand. Guidelines say the bail process takes a day, but this has been cut down to an hour or so in practice.
The task of bringing those in remand to court for routine processes such as bail mentions is also being done away with. Video links are now used instead.

cloudy78
28-02-09, 15:23
Thanks guys... was originally hoping to find something "under-valued", but guess the market is too efficient, so no hope of finding something cheap and good...

Anyway just looking through the ads on iproperty, seems like there are lots of units for sale, albeit at sky high prices (avg 790psf)... seems like it isn't cheap too...

Anyway "good" projects to recommend now? Not for investment but for own stay (although i'm not exactly sure whats the diff... would still like to buy something cheap to stay and hopefully next time can make some for its sale). Any "fairly" priced projects that i should look at?

scott7777
28-02-09, 16:03
I'm also looking. Prices aren't falling yet because the downturn has only just hit Singapore. Prices in the UK, Spain, Ireland, USA have been falling for 2 years. Singapore's developers are undertaking rights issues to get more cash-in-the-bank so that they can grab opportunities. Individual property purchasers just need to wait, after all prices aren't going to go up in the next 12 months.

Property Agent
15-03-09, 21:30
City Square Residences

For RENT! 3 bedroom apartment partially furnished low floor. 1206sqft. Full condo facilities. Immediate. $3k or best offer.


Call 97483857 DWG (already co-broke)

proud owner
16-03-09, 10:11
City Square Residences

For RENT! 3 bedroom apartment partially furnished low floor. 1206sqft. Full condo facilities. Immediate. $3k or best offer.


Call 97483857 DWG (already co-broke)

anyone interested ? 2270 sqft Penthouse at west, near NUS ... biggest PH in project 7k neg

august
19-03-09, 12:58
new dengue strain found in little india... :doh:

Acer
19-03-09, 14:33
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_351979.html

Rare dengue on the rise
Alert for Den-3 virus, which can cause a major outbreak if not contained By Jessica Jaganathan

DENGUE numbers are down but public health officers are on high alert. The reason: An unfamiliar dengue virus has emerged which has the potential to spark a major outbreak.
Though officials said on Tuesday that they have managed to contain the Dengue-3 virus for now, they are still keeping a close watch on it, as it has not been seen here commonly for some 10 years.
With low immunity to Den-3 in the population, people are more vulnerable to infection.
Officials are concerned because cases increased more than three times last November and December, and were found mainly in two areas, sparking fears that transmissions were high and could spread.
There are four types of the dengue virus, and people who have been infected by any one type are immune to it for life. But that still means that an individual can get dengue fever up to four times.
In Singapore, two main types of the dengue virus have circulated in the past 10 years: Dengue-1 and Dengue-2, with the latter now predominant.
Past data shows that outbreaks in 2005 and 2007 were preceded by a switch in the predominant type of dengue virus.
In the past few months, researchers from the National Environment Agency (NEA) found that the third type, Den-3, had emerged in greater numbers in Little India and Geylang.
On average, Den-3 makes up about 5 per cent of all dengue cases here. But in November and December last year, it increased to more than 17 per cent.

Geylang OKT
20-03-09, 00:31
Landlords at little india die pain pain :D

raetan
25-03-09, 02:29
I went to see CSR recently. Honestly, the whole place feels very classy. The architecture and facade of the towers are modern & nice. It has a very impressive 3-storey clubhouse. It has a lift there that ferries you to the different levels. The 2nd floor houses the floating gym overlooking the main pool. It also has a games room with a billiard table, & not 1, but 3 karaoke rooms. The 3rd foor is a open terrace with several bbq pits. There is also a level that solely houses the 2-lane bowling alley. I must say the CSR clubhouse is top class, feels just like in a country club. Besides, there are very few condos nowadays that have billiard, bowling & karaoke. I mean, all these are great for family entertainment. Besides the clubhouse, other notable good points are the huge 50m main pool, and a spa pool to rejuvenate youself. Overall the whole place has a upper class feel to it and the facilities are top-notch. Unfortunately, the 2 tennis courts are soft ground. I play tennis and I don't know why is the developer building a soft playground-like compound for tennis courts. Don't they know that tennis courts should be standard hard court in Singapore.

After roming through the whole place, I thought that the land size is pretty decent but not really huge. I thought maybe there should be no more than 400 units for this type of land size. Imagine how shocked I am when I checked and realize that this is a 910 unit development. I am thinking how can this land size accomodate 910 resdents & friends? The facilities in this case are really short-changed for the residents. That's why I really do not like big developers because they only think of maximizing their profits till the last inch of the land space they have. They try to squeeze in a whopping 910 units with the kind of cramped space they have. Amazing, this CDL. Does anyone have the actual land size of CSR? I reckons it should not be more than 200,000 sq feet. To have a 910 unit development, the mall and the park should be part of CSR, so that the whole place will not feel cramped when all 910 units are occupied. An eg of how much the land should be is to look at Costa Del Sol. 906 units but at least it's on huge sprawling ground with minimart, laundry shop & DVD shop.

Now for the location. I want to give an unbiased opinion of this location. The only good point about this location convenience. It is just next to a mega mall with cineplex. This is convenience at its best. And imagine you can just catch a midnite movie and then just go to bed immediately after the movie. Cool. Other than the mega mall & MRT advantage , the rest are all negatives. It is flanked by 2 big main roads, Jln Besar & Serangoon Road, and another road Kitchener Road. Imagine noise level, air pollution, traffic jam. If you don't step out of CSR, it's ok. But once you step out of CSR, wow, what do see? Night-clubs, massage parlours, casket shops, tons of shops selling clothes, phone-cards, imitation goods aka bangkok street. And of course the swamp of people... I do not want to elaborate on this, lest being accused of racist etc. Honestly, you will not be surrounded by these if the location is any good. Of course I don't expect posh condos or landed properties as my neighbours since I am not paying D9, D10 or D11 prices. But at least in mass market heartland condo, I am only surrounded by HDB flats. Not so sleazy at least.

Overall, as in a Chinese saying, CSR is a fresh flower sitting in a cow's dung. It is a classy & stylish property sitting on a undesirable piece of land. If this property is shifted to D9, 10 or 11, it will definitely blends in well with the properties there. Another no-no is the sheer number of units. If only CDL thinks more for consumers instead of maximizing their profits, by halving the total number of units, then we will have a really good property here.

Geylang OKT
25-03-09, 06:15
Good for swinging bachelors. :D

kal
25-03-09, 08:50
so confirm there's a cineplex in city sq mall???

nav14
25-03-09, 08:57
I went to see CSR recently. Honestly, the whole place feels very classy. The architecture and facade of the towers are modern & nice. It has a very impressive 3-storey clubhouse. It has a lift there that ferries you to the different levels. The 2nd floor houses the floating gym overlooking the main pool. It also has a games room with a billiard table, & not 1, but 3 karaoke rooms. The 3rd foor is a open terrace with several bbq pits. There is also a level that solely houses the 2-lane bowling alley. I must say the CSR clubhouse is top class, feels just like in a country club. Besides, there are very few condos nowadays that have billiard, bowling & karaoke. I mean, all these are great for family entertainment. Besides the clubhouse, other notable good points are the huge 50m main pool, and a spa pool to rejuvenate youself. Overall the whole place has a upper class feel to it and the facilities are top-notch. Unfortunately, the 2 tennis courts are soft ground. I play tennis and I don't know why is the developer building a soft playground-like compound for tennis courts. Don't they know that tennis courts should be standard hard court in Singapore.

After roming through the whole place, I thought that the land size is pretty decent but not really huge. I thought maybe there should be no more than 400 units for this type of land size. Imagine how shocked I am when I checked and realize that this is a 910 unit development. I am thinking how can this land size accomodate 910 resdents & friends? The facilities in this case are really short-changed for the residents. That's why I really do not like big developers because they only think of maximizing their profits till the last inch of the land space they have. They try to squeeze in a whopping 910 units with the kind of cramped space they have. Amazing, this CDL. Does anyone have the actual land size of CSR? I reckons it should not be more than 200,000 sq feet. To have a 910 unit development, the mall and the park should be part of CSR, so that the whole place will not feel cramped when all 910 units are occupied. An eg of how much the land should be is to look at Costa Del Sol. 906 units but at least it's on huge sprawling ground with minimart, laundry shop & DVD shop.

Now for the location. I want to give an unbiased opinion of this location. The only good point about this location convenience. It is just next to a mega mall with cineplex. This is convenience at its best. And imagine you can just catch a midnite movie and then just go to bed immediately after the movie. Cool. Other than the mega mall & MRT advantage , the rest are all negatives. It is flanked by 2 big main roads, Jln Besar & Serangoon Road, and another road Kitchener Road. Imagine noise level, air pollution, traffic jam. If you don't step out of CSR, it's ok. But once you step out of CSR, wow, what do see? Night-clubs, massage parlours, casket shops, tons of shops selling clothes, phone-cards, imitation goods aka bangkok street. And of course the swamp of people... I do not want to elaborate on this, lest being accused of racist etc. Honestly, you will not be surrounded by these if the location is any good. Of course I don't expect posh condos or landed properties as my neighbours since I am not paying D9, D10 or D11 prices. But at least in mass market heartland condo, I am only surrounded by HDB flats. Not so sleazy at least.

Overall, as in a Chinese saying, CSR is a fresh flower sitting in a cow's dung. It is a classy & stylish property sitting on a undesirable piece of land. If this property is shifted to D9, 10 or 11, it will definitely blends in well with the properties there. Another no-no is the sheer number of units. If only CDL thinks more for consumers instead of maximizing their profits, by halving the total number of units, then we will have a really good property here.

Hearing that it has 900 units you may feel that it is going to be super crowded and noisy. I am staying in a 700 unit condo and on weekends you see no more than 20 people in the 2 pools we have. The facilities that CSR are more than adequate for the residents needs. There will be initial excitement from people shifting in from HDB flats who will be at the pool at the first oppurtunity available and thus may be crowded but give them 6 months and the crowd at the poolside/facilities would fizzle out. So the 900 units are hardly going to be felt.

As for the location how often is one going to go for a walk at the chaotic part of Serangoon Rd. Kitchener Rd itself is very much saner. Residents would most probably frequent the next door mega mall and take a walk to MRT. This is not going to give you that "chaotic" experience that other parts a few hundred metres away are going to give you.

For the price which is only slightly more than a leasehold suburban condo where a train ride to Orchard Rd would take you 30 minutes as compared to 5 minutes from CSR, I would say CSR is the deal of the century. Only racists will not take advantage of this situation who would very much pay the same price for a inferior condo in a inferior location surrounded by people of their own kind. Racists will lose out and non -racists will gain.

I understand that the take up rate of CSR rental units is very good. The units moved much faster than those at The Sail. There are many caucasisnas staying there and I wonder if the caucasians find the location ok why are the local racists making such a big fuss?

nav14
25-03-09, 09:01
Good for swinging bachelors. :D

As Geylang OKT you can also help supply a wider range of girls for them sourced from your own backyard - Geylang:scared-5:

HP65
25-03-09, 10:14
Hearing that it has 900 units you may feel that it is going to be super crowded and noisy. I am staying in a 700 unit condo and on weekends you see no more than 20 people in the 2 pools we have. The facilities that CSR are more than adequate for the residents needs. There will be initial excitement from people shifting in from HDB flats who will be at the pool at the first oppurtunity available and thus may be crowded but give them 6 months and the crowd at the poolside/facilities would fizzle out. So the 900 units are hardly going to be felt.

As for the location how often is one going to go for a walk at the chaotic part of Serangoon Rd. Kitchener Rd itself is very much saner. Residents would most probably frequent the next door mega mall and take a walk to MRT. This is not going to give you that "chaotic" experience that other parts a few hundred metres away are going to give you.

For the price which is only slightly more than a leasehold suburban condo where a train ride to Orchard Rd would take you 30 minutes as compared to 5 minutes from CSR, I would say CSR is the deal of the century. Only racists will not take advantage of this situation who would very much pay the same price for a inferior condo in a inferior location surrounded by people of their own kind. Racists will lose out and non -racists will gain.

I understand that the take up rate of CSR rental units is very good. The units moved much faster than those at The Sail. There are many caucasisnas staying there and I wonder if the caucasians find the location ok why are the local racists making such a big fuss?

The problem with having 900 units is that in the morning, there will be long queue of cars exiting to the 2 main roads. I visited a friend who stays there and imagine at 10pm, it took me 10 min just to get from the gate to Jalan Besar. And we all know how conjested Jalan Besar is during daytime all the way from Eminent Plaza to Sim Lim Sq. Thus my friend is always complaining about the traffic conditions getting out and back to CSR. And mind you, its only 25% occupied with another tower yet to TOP. And please dun ask me to take the MRT just because its within walking distance, i rather not squeeze with so many people and neither do my wife wants to rub shoulders with them as well.

Raetan also rightly pointed out there are just too many sleezy pubs/ bars along Kitchener road. Whenever somebody opens the door of the pubs, loud english/ indian music will be blarring across the streets to CSR. We have also witnessed fights along the 5-foot way outside the pubs numerous times. My wife and daughter also commented that they will only drive or take taxi and will never take public transport and walk back to CSR.

Like you, I also think racists who write off CSR is rather myphoic but there are other -ve points of CSR to worry about. And I did consider getting a studio or smallish 2-bedder for investment. But CSR is not the only condo in Sg and there are many other condos that gives good rental yield and also ease of off-loading where necessary. In a society where 75% is dominated by Chinese, I rather err on the side of caution and go with the masses than choose to follow my own individual preferences.

raetan
25-03-09, 16:24
so confirm there's a cineplex in city sq mall???

singaporeexpats.com report on CSR says there is a cineplex. Unless they got the information all wrong? Have anyone confirm with CDL? If do not have a cineplex, then the convenience factor will be minus 50%.

gfoo
25-03-09, 22:41
just went over the weekend to the bamboo flooring people at kitchener shophouses opp CSR. my observations:

- very bad traffic even on weekends
- there are many many construction workers on weekend break along the kitchener road/opp MMustafa stretch, many sitting on the sidewalk just outside CSR having makan

Geylang OKT
26-03-09, 00:16
As Geylang OKT you can also help supply a wider range of girls for them sourced from your own backyard - Geylang:scared-5:

Yupz... Geylang is just a stone's throw away.... Right now I am teaching the girls to shake their heads vigorously from left to right.... and right to left.... :D

jurgen
26-03-09, 02:39
ok it's about $800psf now. $650 is a fair price. i am not an owner, but was previously considering this for rental income, so i did do a little research

conceptually on paper, i think the integrated retail/residential and the huge park/facilities area is good. but that's on paper.

traffic is a mess. illegal parking everywhere, many many trucks and vans loading and unloading stuff at the shophouses and shops opposite. on weekends, there are quite a bit of india indians around the area. thus commercial areas will be invariably catering to them as well - an extension of mustafa if you like. i feel insecure in this development. the gates seem more to keep me in, than others out.

i am not racist, but i do not pretend that when it comes to my living, family and personal space, i will want to live in a locality more like myself, or at least more cosmopolitan, and not be a minority in the locality. going to mustafa and little india to indulge in its food and quaintness on weekends is one thing, living there 24/7 is another. it's like an indian national living right smack in chinatown. i am not a saint, and will not fall for the govt's national integration % ratio diatribe - i'll leave that to the politicians

my home is my castle, not my prison

I quite agree with your assessment. It will be hard to rent it out to high class tenants, given the surroundings.

I dont have any problems with the race of the inhabitants, its the class that matters. In my condo at East Coast, I got lots of Indian/Chinese neighbours. All directors and other high position holders or business owners. Good for networking and obviously well behaved families.

Citysquare will attract low class gentry. Mostly those Ah Bengs upgrading from HDB. Got Ah Neh outside and Ah Bengs inside to contend with. Real mess. Better to stay away.

cher
26-03-09, 14:52
I quite agree with your assessment. It will be hard to rent it out to high class tenants, given the surroundings.

I dont have any problems with the race of the inhabitants, its the class that matters. In my condo at East Coast, I got lots of Indian/Chinese neighbours. All directors and other high position holders or business owners. Good for networking and obviously well behaved families.

Citysquare will attract low class gentry. Mostly those Ah Bengs upgrading from HDB. Got Ah Neh outside and Ah Bengs inside to contend with. Real mess. Better to stay away.

Good what? Where else can you find the best nasi brani, mee goreng, roti prata and curry fish head.

kal
26-03-09, 16:03
yummy, curry fish head...walking distance!!

Geylang OKT
26-03-09, 21:57
yummy, curry fish head...walking distance!!

Yummy, lots of pungents smells too... breathing distance!! :D

HP65
26-03-09, 22:55
Good what? Where else can you find the best nasi brani, mee goreng, roti prata and curry fish head.

In India of coz, where else? haha

nav14
27-03-09, 09:25
The problem with having 900 units is that in the morning, there will be long queue of cars exiting to the 2 main roads. I visited a friend who stays there and imagine at 10pm, it took me 10 min just to get from the gate to Jalan Besar. And we all know how conjested Jalan Besar is during daytime all the way from Eminent Plaza to Sim Lim Sq. Thus my friend is always complaining about the traffic conditions getting out and back to CSR. And mind you, its only 25% occupied with another tower yet to TOP. And please dun ask me to take the MRT just because its within walking distance, i rather not squeeze with so many people and neither do my wife wants to rub shoulders with them as well.

Raetan also rightly pointed out there are just too many sleezy pubs/ bars along Kitchener road. Whenever somebody opens the door of the pubs, loud english/ indian music will be blarring across the streets to CSR. We have also witnessed fights along the 5-foot way outside the pubs numerous times. My wife and daughter also commented that they will only drive or take taxi and will never take public transport and walk back to CSR.

Like you, I also think racists who write off CSR is rather myphoic but there are other -ve points of CSR to worry about. And I did consider getting a studio or smallish 2-bedder for investment. But CSR is not the only condo in Sg and there are many other condos that gives good rental yield and also ease of off-loading where necessary. In a society where 75% is dominated by Chinese, I rather err on the side of caution and go with the masses than choose to follow my own individual preferences.


Once the other road opens up to Petain Rd traffic will flow will improve even with the opening of the Mall. I pass by that place quite often in the morning (8 – 9am) and I hardly see 1 or 2 cars at the junction at Kitchener Link waiting to turn into Kitchener Rd. Half the units are going to he rented out and many to singles / couples who are not going to drive but will depend on MRT. So 900 units does not mean 900 cars coming out at around the same time. The road starting from the junction of Serangoon Rd and Kitchener Rd heading towards Lavender is usually jammed up at night . That is not the only jammed up road in Singapore. If that was the case no one would have paid 4000psf to buy houses in the middle of Orchard Rd (Orchard Residences) where just to make one u-turn depending on which direction you are coming from can take you 30 minutes. Jams are even so common along suburban areas. This is part and parcel of driving on local roads.

There are I believe only 2 pubs directly opposite . There are just as many popular Chinese restaurants in that stretch. Fights are not a daily occurrence and I have not heard of any one being killed or robbed along that stretch. There have been more people killed at Boat Quay/Clarke Quay in fights and condos located near it are yet priced at a high premium. There have been more people killed from fights at neighbourhood coffeeshops than in the whole of Little India. So what if your wife was caught in the middle of a fight in your favourite coffeeshop? She would consider such locations to be perfectly safe? I bet and you and your wife are not afraid of going to Boat Quay or Clarke Quay despite it having so many pubs and witnessing regular fights? Is your wife not afraid of getting into a HDB lift where so many incidents take place regularly?

Basically it all boils down to perceptions . Once you have a bias attitude towards a particular location, it will be very easy to look at all the bad points.

At the end of the day only savvy and non racists will take advantage of such convenient locations.

Let me know when and if ever any resident from CSR gets mugged along Kitchener Rd.

nav14
27-03-09, 09:33
I quite agree with your assessment. It will be hard to rent it out to high class tenants, given the surroundings.

I dont have any problems with the race of the inhabitants, its the class that matters. In my condo at East Coast, I got lots of Indian/Chinese neighbours. All directors and other high position holders or business owners. Good for networking and obviously well behaved families.

Citysquare will attract low class gentry. Mostly those Ah Bengs upgrading from HDB. Got Ah Neh outside and Ah Bengs inside to contend with. Real mess. Better to stay away.

Half the condos there are going to be rented out. With it attracting rents similar to East Coast in general, half the crowd (assuming 50% rented out) is going to be similar to condos in East Coast. People buying into Esta or One Amber at 700-800psf are generally going to be the same class as those at CSR. I suggest you better get out of East Coast and move into Orchard to maintain your class and if you can afford it.

nav14
27-03-09, 09:36
In India of coz, where else? haha
My favourtite nasi brani, roti prata, mee goreng stall is in Chinatown. Maybe the pork smell emanating from there adds flavour to it. :tongue3:

jc
28-03-09, 00:22
Quote from another website:

"City Square Residences
A few point to consider..
- Near MRT but you can never board it during morning peak hour because the train is too packed to squeeze.
-It is not really very near to the mrt and you have to cross a very busy road.
- The City Square Mall beside it may become the next mustafa..
full of foreign workers and the smell.. reminds me of golden mile complex.
-How can I feel safe for my child in a area beside Little India and Desker Rd.
-It is definitely not quiet ...try visit that area during deepavali or weekends."

jc
28-03-09, 00:33
Rental For City Square is weak. 2rm now already $2+k range, 3rm $3k n 4rm also mid-$3k. With more units coming aboard, rate can only dive and the only possbile reason to rent here is cheap n is going to get cheaper. Rate is much lower than Esta in the East Coast which just TOP late last yr and definitely cheaper than The Sea View.

Waiting for 3rm at CSR to drop to $2.5k, then can give up my current place n rent a place there :) May be worth the nonsense in the area since the rental is just slightly higher rate than HDB 5rm in prime area.

HP65
28-03-09, 09:25
Once the other road opens up to Petain Rd traffic will flow will improve even with the opening of the Mall. I pass by that place quite often in the morning (8 – 9am) and I hardly see 1 or 2 cars at the junction at Kitchener Link waiting to turn into Kitchener Rd. Half the units are going to he rented out and many to singles / couples who are not going to drive but will depend on MRT. So 900 units does not mean 900 cars coming out at around the same time. The road starting from the junction of Serangoon Rd and Kitchener Rd heading towards Lavender is usually jammed up at night . That is not the only jammed up road in Singapore. If that was the case no one would have paid 4000psf to buy houses in the middle of Orchard Rd (Orchard Residences) where just to make one u-turn depending on which direction you are coming from can take you 30 minutes. Jams are even so common along suburban areas. This is part and parcel of driving on local roads.

There are I believe only 2 pubs directly opposite . There are just as many popular Chinese restaurants in that stretch. Fights are not a daily occurrence and I have not heard of any one being killed or robbed along that stretch. There have been more people killed at Boat Quay/Clarke Quay in fights and condos located near it are yet priced at a high premium. There have been more people killed from fights at neighbourhood coffeeshops than in the whole of Little India. So what if your wife was caught in the middle of a fight in your favourite coffeeshop? She would consider such locations to be perfectly safe? I bet and you and your wife are not afraid of going to Boat Quay or Clarke Quay despite it having so many pubs and witnessing regular fights? Is your wife not afraid of getting into a HDB lift where so many incidents take place regularly?

Basically it all boils down to perceptions . Once you have a bias attitude towards a particular location, it will be very easy to look at all the bad points.

At the end of the day only savvy and non racists will take advantage of such convenient locations.

Let me know when and if ever any resident from CSR gets mugged along Kitchener Rd.






I guess at the end of the day, if despite people warning abt CSR, you still decide that its a place good enough and worth it in your opinion, please go ahead and buy it for investment or stay in it.

In fact, I can even intro to you my friend's 4 bedder unit as his family now regrets staying here but can't sell it since its below his purchase px of $850 psf. Maybe you want to offer him above $850 psf (since you rate CSR similiar to East Coast properties) since you have so much confidence in CSR. Interested?? :)

He used to stay at East Coast sea facing 5rm flats, he now regrets staying in CSR. Even his neighbour, a european expat who rented a unit has decided to break lease after 6 mths. In his own words `area is not condusive for my family.' There are better areas to choose from.

BV
28-03-09, 12:29
I guess at the end of the day, if despite people warning abt CSR, you still decide that its a place good enough and worth it in your opinion, please go ahead and buy it for investment or stay in it.

In fact, I can even intro to you my friend's 4 bedder unit as his family now regrets staying here but can't sell it since its below his purchase px of $850 psf. Maybe you want to offer him above $850 psf (since you rate CSR similiar to East Coast properties) since you have so much confidence in CSR. Interested?? :)

He used to stay at East Coast sea facing 5rm flats, he now regrets staying in CSR. Even his neighbour, a european expat who rented a unit has decided to break lease after 6 mths. In his own words `area is not condusive for my family.' There are better areas to choose from.

IF he's buying, I am sure he will be looking to pay the current market price or below.. who cares if your 'friend' overpaid for his 4th bedder?

Oh, and by the way, the first CSR owner collected keys in end Dec 08, so there's no way a 'European expat' family could have stayed there for 6 months since its only end March 09 now, even if they rented the unit from day 1 (without electricity, lights, curtains, etc.)

Point is, want to slam project also get your facts correct lah. If not, credibility goes down.;)

Farnie
28-03-09, 15:47
IF he's buying, I am sure he will be looking to pay the current market price or below.. who cares if your 'friend' overpaid for his 4th bedder?

Oh, and by the way, the first CSR owner collected keys in end Dec 08, so there's no way a 'European expat' family could have stayed there for 6 months since its only end March 09 now, even if they rented the unit from day 1 (without electricity, lights, curtains, etc.)

Point is, want to slam project also get your facts correct lah. If not, credibility goes down.;)

I think wat hp65 was saying is that expat will leave after 6 mthsnof staying in CSR and not that he has stayed for 6 mths. And I also think hp65 was just challenging nav14 to buy at higher px since he thinks so 'highly' of csr. Guess u may have some comprehension issue.

BV
28-03-09, 21:51
I think wat hp65 was saying is that expat will leave after 6 mthsnof staying in CSR and not that he has stayed for 6 mths. And I also think hp65 was just challenging nav14 to buy at higher px since he thinks so 'highly' of csr. Guess u may have some comprehension issue.

Bro, I was just telling him that buyers don't have to be as stupid as his friend and buy it at the same price to prove a point. Comprehend?

Oh, and do you know how tenancy agreements work? 6 months? Let's hear it from the man himself about that :)

HP65
28-03-09, 22:27
Bro, I was just telling him that buyers don't have to be as stupid as his friend and buy it at the same price to prove a point. Comprehend?

Oh, and do you know how tenancy agreements work? 6 months? Let's hear it from the man himself about that :)

Thx Farnie. Yes, that's what I meant. Some people are quite stupid and can't understand and quite quick to jump to conclusion. While I wouldn't call somebody who overpaid for a development `stupid', I certainly think somebody who jumps to conclusion and unable to appreciate sarcasm non-the-wiser, possessing below-ave EQ and probably `stupid', in laymans term.

The expat neighbour just moved in 2 weeks ago and has a 6+6 mths tenancy agreement apparently. He intends to just stay 6 mths and not exercise the option for the following 6 mths as he is quite confident he will get better deals elsewhere. He feels its payback time now for those greedy landlords who has squeezed them before when supply was tight. Fair & square, he thinks.

Like I said, some people (incl my friend) just refuses to listen to advice and warnings, and have to pay for their mistakes. At the end of the day, its their own $. I will not sink a single cent here for sure.

unregistered_user
28-03-09, 23:09
Perhaps - could it be your england is too powderful? Mind you - he did not even start questioning if u have the $ to buy a condo in the 1st place!! Ooops.. but words are free.. of cos :cheers6:



Thx Farnie. Yes, that's what I meant. Some people are quite stupid and can't understand and quite quick to jump to conclusion. While I wouldn't call somebody who overpaid for a development `stupid', I certainly think somebody who jumps to conclusion and unable to appreciate sarcasm non-the-wiser, possessing below-ave EQ and probably `stupid', in laymans term.

The expat neighbour just moved in 2 weeks ago and has a 6+6 mths tenancy agreement apparently. He intends to just stay 6 mths and not exercise the option for the following 6 mths as he is quite confident he will get better deals elsewhere. He feels its payback time now for those greedy landlords who has squeezed them before when supply was tight. Fair & square, he thinks.

Like I said, some people (incl my friend) just refuses to listen to advice and warnings, and have to pay for their mistakes. At the end of the day, its their own $. I will not sink a single cent here for sure.

jc
28-03-09, 23:27
Thx Farnie. Yes, that's what I meant. Some people are quite stupid and can't understand and quite quick to jump to conclusion. While I wouldn't call somebody who overpaid for a development `stupid', I certainly think somebody who jumps to conclusion and unable to appreciate sarcasm non-the-wiser, possessing below-ave EQ and probably `stupid', in laymans term.

The expat neighbour just moved in 2 weeks ago and has a 6+6 mths tenancy agreement apparently. He intends to just stay 6 mths and not exercise the option for the following 6 mths as he is quite confident he will get better deals elsewhere. He feels its payback time now for those greedy landlords who has squeezed them before when supply was tight. Fair & square, he thinks.

Like I said, some people (incl my friend) just refuses to listen to advice and warnings, and have to pay for their mistakes. At the end of the day, its their own $. I will not sink a single cent here for sure.

Don't worry bro, i understand what u meant completely :)

Kenshinto80
29-03-09, 21:15
Thx Farnie. Yes, that's what I meant. Some people are quite stupid and can't understand and quite quick to jump to conclusion. While I wouldn't call somebody who overpaid for a development `stupid', I certainly think somebody who jumps to conclusion and unable to appreciate sarcasm non-the-wiser, possessing below-ave EQ and probably `stupid', in laymans term.

The expat neighbour just moved in 2 weeks ago and has a 6+6 mths tenancy agreement apparently. He intends to just stay 6 mths and not exercise the option for the following 6 mths as he is quite confident he will get better deals elsewhere. He feels its payback time now for those greedy landlords who has squeezed them before when supply was tight. Fair & square, he thinks.

Like I said, some people (incl my friend) just refuses to listen to advice and warnings, and have to pay for their mistakes. At the end of the day, its their own $. I will not sink a single cent here for sure.

Hi HP65, I also understand what you talking about precisely. To be fair, do not know why some forumers here do not understand simple English.....and twisting words here and there (act blur)....must be have vested interest. What you said quite good, as it gives other potential investor or buyers another perspective. Well said!

HP65
29-03-09, 23:07
Hi HP65, I also understand what you talking about precisely. To be fair, do not know why some forumers here do not understand simple English.....and twisting words here and there (act blur)....must be have vested interest. What you said quite good, as it gives other potential investor or buyers another perspective. Well said!

Hi all,

thx for speaking kindly. At the end of the day, we are just here to share as much info so that more people can benefit and made informed choices. When I was younger, I did not have the benefit of the internet and transparent information is a great luxury. I had to rely on honest agents to get the best units and the best price.

However, we now have `marketing' agents who likes to `sell' all projects as lifestyle, often masking flaws with lifestyle attraction. While I wouldnt go so far as call it dishonest, I feel buyers may get disappointed when they see the end-product. As such, we must utilise the modern media like the internet to counter such practices.

jurgen
30-03-09, 23:16
In defence of CSR, all the negative points it has are already priced in. If it wasn't for the unhealthy surroundings, it would have been much more expensive.

So a savvy investor can still buy if the price is right. I am sure when it falls in 6-700$psf range, more people will be willing to buy. Can always find those bachelors/students who share to rent out.

But obviously I wont be one of them:p

BV
02-04-09, 15:14
Wow, seems like a lot of CSR haters here..

Frankly, I don't really care either way since I am currently looking in other areas for good deals. Just can't stand the taunts that some other posters get once they post something positive about a project. This of course happens in threads about other projects as well. Goes to show what some would be buyers would do to justify their own choices or opinions.

Well, that's life in all anonymous forums :)

Geylang OKT
04-04-09, 07:13
Hi all,

thx for speaking kindly. At the end of the day, we are just here to share as much info so that more people can benefit and made informed choices. When I was younger, I did not have the benefit of the internet and transparent information is a great luxury. I had to rely on honest agents to get the best units and the best price.

However, we now have `marketing' agents who likes to `sell' all projects as lifestyle, often masking flaws with lifestyle attraction. While I wouldnt go so far as call it dishonest, I feel buyers may get disappointed when they see the end-product. As such, we must utilise the modern media like the internet to counter such practices.

What sort of lifestyle are the agents talking about in CSR? :doh: :D

Nice and relaxing ambiance on the inside (huge pool with a jaccuzi, and I like the rain shower stall located at the steam room). But step outside just one bit and you will encounter hordes of head shakers intermittently twitching from left to right... emitting all sorts of unearthly aromas from their bodies. Or do you mean the hookers masquerading as masseurs plying their trade in the massage parlours sited just a couple of metres away on the opposite side of the road of CSR? Or do you mean the stampeding masses of foreign workers sited all around the area? Who knows...some ladies may encounter straying hands and lewd comments due to the promixity to a well known red light area in the vicinity. :banana: :banana:

Traffic is choke blocked most of the time, esp at night, and the MRT is still quite a walk away (but to be fair, still manageable although you will arrive at the condo sweaty and perplexed) :scared-5:

focus
04-04-09, 15:28
Wow... OKT, you have painted a very undesirable living environment. :P

franzmark
08-04-09, 13:34
Just offering my 2 cents worth here. I think the rental for a certain area very much depends on the kind of appeal it brings to the foreign expat. Although Citysquare is considerably near town, not every expat who works in town would want to live near town as they seek to have a balanced lifestyle of relaxation and work. My friend rented out his 3 bdrm Hillview condo for 4k a month to a German expat even though it is damn far from town and has not much amenities and no MRT station nearby. You may ask why, it is for the simple reason that the place is peaceful and serene and offers a lifestyle more befitting for a family. This is also a reason why condos in Potong Pasir and Boon Keng area will very soon surpass Citysquare when they start to develop. Prices in those areas have seen $900 to $1000psf for the reason that there is more development to expect from these areas in years to come. The rental of an area also depends on the type of crowd the place attracts. If a condo is surrounded by loads of blue collar foreign workers from China, Bangladesh and India (no offence to them), would a professional foreign expat be willing to pay good rental to landlords or even consider renting from such places?

Geylang OKT
08-04-09, 15:17
My friend rented out his place to "high class" banglas for 3.3k :D

franzmark
08-04-09, 22:28
you are right, got a few high class banglas around city square, but place mostly swamped by the opposite who go there for prata, chapati and teh tarik every day. btw is the 3.3k rent for 2 or 3 bedder?


My friend rented out his place to "high class" banglas for 3.3k :D

Geylang OKT
09-04-09, 10:45
you are right, got a few high class banglas around city square, but place mostly swamped by the opposite who go there for prata, chapati and teh tarik every day. btw is the 3.3k rent for 2 or 3 bedder?

3 bedder. 2 bedders go for only about 2.7k :D

Geylang OKT
09-04-09, 10:49
Wow... OKT, you have painted a very undesirable living environment. :P

Sad but true :ashamed1:

franzmark
09-04-09, 12:55
wah lau, if 2 bedder at citysquare going for 2.7k, then woodsville 28 and all the potong pasir condo must be lower. but again mkt surely pick up for singapore....

august
09-04-09, 15:36
3 bedder. 2 bedders go for only about 2.7k :D

wow, 2.7k can match hdb rental riao ... :scared-4:

blackswan
09-04-09, 16:55
just went there to recce. To better observed the place, decided to try the Beach Road scissors-cut currey rice and have my soyabean milk.

Dun think the FT and their smell will be too much of a problem for me (IMHO) as its a certain distance away from Serangoon road, nor the sleazy pub.

A big turn off is the traffic, really really chaotic. People parking at the side with hazzard light on and cars at the back all jam up, honk here and there.

the mall is not open yet, wonder where the entrance will be but imagine its at Kitchener Road!!!!!. Even more jam by there.

Also, if there's really a cinema there, what show will the be showing. Is it going to be show for our FT as that's going to be the one that goining to get the best demand from?

Also, the walk from CSR to Farrer MRT to DG MRT to transfer to NE line is damn time consuming. Really a long walk from CSR to the MRT.

2 cents worth.

franzmark
10-04-09, 22:52
I thought CRS to FP MRT only a few minutes walk?

I don't like Kitchener road area as you mentioned, it is chaotic. I think condos in boon keng area or even potong pasir would be a more comfortable distance away from the nighmare.

2 week back, i was heading to a chinese restaurant along kitchener road and had to cut through a lane in little india to get there. the entire lane was swamped with foreign workers and indians and as they did not give way to my car, i felt like i was anytime going to be mobbed. both my side mirrors were pushed in deliberately by some workers walking by but i did not dare step out of the car to confront the people. in my opinion, the area is not safe to for families....


just went there to recce. To better observed the place, decided to try the Beach Road scissors-cut currey rice and have my soyabean milk.

Dun think the FT and their smell will be too much of a problem for me (IMHO) as its a certain distance away from Serangoon road, nor the sleazy pub.

A big turn off is the traffic, really really chaotic. People parking at the side with hazzard light on and cars at the back all jam up, honk here and there.

the mall is not open yet, wonder where the entrance will be but imagine its at Kitchener Road!!!!!. Even more jam by there.

Also, if there's really a cinema there, what show will the be showing. Is it going to be show for our FT as that's going to be the one that goining to get the best demand from?

Also, the walk from CSR to Farrer MRT to DG MRT to transfer to NE line is damn time consuming. Really a long walk from CSR to the MRT.

2 cents worth.

blackswan
11-04-09, 21:06
not more than 10 min (i think) but surely not couple of minutes.
For now, you have to walk pass the under construction CSM, then cross the traffic light, then walk to your right to enter via entrance H (i think), then need to walk along the long underpass to reach the gates....

Next time there will be a now entrance that leads directly to CSM so dun know how much that will help.

Geylang OKT
11-04-09, 21:15
You have to walk alongside the upcoming mall currently with lots of construction work going on.... hot, noisy and lots of dirt flying about :scared-3:

franzmark
11-04-09, 21:24
Does anyone know the estimated physical distance between CSR and FP MRT? I am quite surprised when i hear that one needs about 10 min to walk there...

Geylang OKT
11-04-09, 21:33
Does anyone know the estimated physical distance between CSR and FP MRT? I am quite surprised when i hear that one needs about 10 min to walk there...

About 10 mins to 12 mins is about right :cool:

franzmark
11-04-09, 21:38
10 min translates to about 800m away but www.streetdb.com (http://www.streetdb.com) indicate it as 610m. Either distances, I am surprised the MRT is actually that far...



About 10 mins to 12 mins is about right :cool:

Geylang OKT
11-04-09, 23:17
10 min translates to about 800m away but www.streetdb.com (http://www.streetdb.com) indicate it as 610m. Either distances, I am surprised the MRT is actually that far...

Maybe becos one has to wait at the junction for the traffic lights to turn green. ;)

kal
12-04-09, 00:20
not more than 10 min (i think) but surely not couple of minutes.
For now, you have to walk pass the under construction CSM, then cross the traffic light, then walk to your right to enter via entrance H (i think), then need to walk along the long underpass to reach the gates....

Next time there will be a now entrance that leads directly to CSM so dun know how much that will help.
If you think walking fr CSR to MRT station and to the gate is such a looong walk, then u better think which station u alight, walk out of the train, tap the card , escalator then to yr destination....etc...etc.

Stay at home don go out la...:scared-3:

nav14
15-04-09, 16:29
Just offering my 2 cents worth here. I think the rental for a certain area very much depends on the kind of appeal it brings to the foreign expat. Although Citysquare is considerably near town, not every expat who works in town would want to live near town as they seek to have a balanced lifestyle of relaxation and work. My friend rented out his 3 bdrm Hillview condo for 4k a month to a German expat even though it is damn far from town and has not much amenities and no MRT station nearby. You may ask why, it is for the simple reason that the place is peaceful and serene and offers a lifestyle more befitting for a family. This is also a reason why condos in Potong Pasir and Boon Keng area will very soon surpass Citysquare when they start to develop. Prices in those areas have seen $900 to $1000psf for the reason that there is more development to expect from these areas in years to come. The rental of an area also depends on the type of crowd the place attracts. If a condo is surrounded by loads of blue collar foreign workers from China, Bangladesh and India (no offence to them), would a professional foreign expat be willing to pay good rental to landlords or even consider renting from such places?

I suggest you go into CSR and sit down at the pool side during weekend for 1 hour and see for yourself what kind of crowd it attracts. Mostly caucasians, Japanese and higher class Indians . Come here talk cock no use. Go and see for yourself. Whoever pays more for Boon Keng or Potong Pasir must be freaking out of his mind or just a big plain RACIST.

nav14
15-04-09, 16:32
Just offering my 2 cents worth here. I think the rental for a certain area very much depends on the kind of appeal it brings to the foreign expat. Although Citysquare is considerably near town, not every expat who works in town would want to live near town as they seek to have a balanced lifestyle of relaxation and work. My friend rented out his 3 bdrm Hillview condo for 4k a month to a German expat even though it is damn far from town and has not much amenities and no MRT station nearby. You may ask why, it is for the simple reason that the place is peaceful and serene and offers a lifestyle more befitting for a family. This is also a reason why condos in Potong Pasir and Boon Keng area will very soon surpass Citysquare when they start to develop. Prices in those areas have seen $900 to $1000psf for the reason that there is more development to expect from these areas in years to come. The rental of an area also depends on the type of crowd the place attracts. If a condo is surrounded by loads of blue collar foreign workers from China, Bangladesh and India (no offence to them), would a professional foreign expat be willing to pay good rental to landlords or even consider renting from such places?

Also ask your freind to find out how much his 3 beddee HIllview will attract today. He will be lucky to get 3k. If your theroy is correct then ulu places like Sembawang will be more expensive. Maybe you should go and invest in Sembawang - better yields. Expats will love all that greenery and never mind the commute

HP65
15-04-09, 17:42
I suggest you go into CSR and sit down at the pool side during weekend for 1 hour and see for yourself what kind of crowd it attracts. Mostly caucasians, Japanese and higher class Indians . Come here talk cock no use. Go and see for yourself. Whoever pays more for Boon Keng or Potong Pasir must be freaking out of his mind or just a big plain RACIST.

I'm not sure if its mostly these sort of tenant mix, but I saw a fair bit of locals as well. Unless they are just using the pool & BBQ facilities before renting them out.

Nevertheless, I do believe in what one of the earlier post because 2 weekends ago when I was at the function room, I saw a big group of young chinese students having BBQ. Last Sat, the same group was swimming and I actually approached and asked if they were staying there. They confirmed they are staying there and paying between $550 - $750 per person. They also said another 6 friends will be moving in once owner finish with the retification of the just TOP block. Some of them are studying at private schools here. While they seem a bit loud, having good fun, but they are quite well-mannered.

I also talked to a Ukraine couple playing tennis there. The lady is hot!!

Geylang OKT
15-04-09, 23:18
I do agree that Ukraine babes are really very good looking and tall :D

franzmark
15-04-09, 23:31
nobody talking about residents of citysquare. was referring to the crowd around citysquare and the kind of people walking around that area. kitchener is right smack in little india and it doesnt take super intelligence to know what sort of chaotic place little india is like. i drove through a lane to take short cut and droves of indians and bangladeshi workers were hording the lane and i could not get past. I had to slowly inch my way thru the lane to have some of these hooligans in the crowd knocking my side mirrors in. the place gives me the feeling that one can get mobbed anytime if you were to walk in small lanes so you can share your experience with us next time when you move into your new home in citysquare...



I suggest you go into CSR and sit down at the pool side during weekend for 1 hour and see for yourself what kind of crowd it attracts. Mostly caucasians, Japanese and higher class Indians . Come here talk cock no use. Go and see for yourself. Whoever pays more for Boon Keng or Potong Pasir must be freaking out of his mind or just a big plain RACIST.

ahlahdin
16-04-09, 00:07
I suggest you go into CSR and sit down at the pool side during weekend for 1 hour and see for yourself what kind of crowd it attracts. Mostly caucasians, Japanese and higher class Indians.

In that case, all the more Chinese people shouldn't buy CSR. Cuz they will feel sorely unwelcome there, in the midst of all the high class Caucasians, Japanese and high class Indians staying there. Chinese and dogs not allowed, y'hear?

Chinese should just buy Potong Pasir or Boon Keng, to be in the same company of their narrow-minded racist kiasu kind. Please don't buy CSR. You are NOT welcome!

franzmark
16-04-09, 00:32
you must be a non-chinese anti-chinese sounding like an anti-racist. forumers can judge for themselves:D ....



Chinese and dogs not allowed, y'hear?

Chinese should just buy Potong Pasir or Boon Keng, to be in the same company of their narrow-minded racist kiasu kind. Please don't buy CSR. You are NOT welcome!

cloudy78
01-05-09, 09:09
seems like the remainder 400+ units just TOP-ed.. but sellers still asking for very ex prices...

cloudy78
01-05-09, 09:10
ie... seems like the owners are not flippers? All of them can gain financing from banks?

franzmark
01-05-09, 13:49
majority of buyers dont buy to flip. if they can flip at a profit, they will do so, but if they cant flip at a profit, they will just stay there and enjoy the condo and the company of bangalas around the condo...



ie... seems like the owners are not flippers? All of them can gain financing from banks?

Geylang OKT
02-05-09, 06:59
majority of buyers dont buy to flip. if they can flip at a profit, they will do so, but if they cant flip at a profit, they will just stay there and enjoy the condo and the company of bangalas around the condo...

Shake heads left to right, right to left cheong ahhhhh :D

Regulators
02-05-09, 19:35
OKT, you can broaden ur clientele base to include those parapudeks living in citysquare n surrounding area. I think a gd mixture of thais n filipinas will suit this pundek community.
Shake heads left to right, right to left cheong ahhhhh :D

nav14
13-05-09, 12:18
In that case, all the more Chinese people shouldn't buy CSR. Cuz they will feel sorely unwelcome there, in the midst of all the high class Caucasians, Japanese and high class Indians staying there. Chinese and dogs not allowed, y'hear?

Chinese should just buy Potong Pasir or Boon Keng, to be in the same company of their narrow-minded racist kiasu kind. Please don't buy CSR. You are NOT welcome!

I am amazed why the low class chinese (the Chinese in Singapore are amongst the lowest class of Chinese in China) look down upon CSR when higher class and richer Caucasians, Japanese etc are willing to stay at CSR. One just need to go to the pool on a Sunday afternoon and you will shake your head wondering what is all the fuss created by the low class chinese racists in this forum.

nav14
13-05-09, 12:23
OKT, you can broaden ur clientele base to include those parapudeks living in citysquare n surrounding area. I think a gd mixture of thais n filipinas will suit this pundek community.

I think there are more than enough PRC whores in Geyland to keep Geylang OKT occupied. City Square too high class for a Geyland OKT lah. He belong to the corner coffeeshop at Lorong 16 surrounded by all the CHINESE WHORES. And my god there are thousands of them who will yellowrise the whole Little India if they decide to come over.:scared-5:

august
13-05-09, 21:43
I am amazed why the low class chinese (the Chinese in Singapore are amongst the lowest class of Chinese in China) look down upon CSR when higher class and richer Caucasians, Japanese etc are willing to stay at CSR. One just need to go to the pool on a Sunday afternoon and you will shake your head wondering what is all the fuss created by the low class chinese racists in this forum.


caucasians rich? got class? go mustafa and see the many russians or eastern europeans and see whether got class or not? :D

same thing u can have "classy" ppl within the condo compounds, but what makes a condo classy more than the ppl is also the surrounding areas

Regulators
14-05-09, 00:32
citysquare area is burgeoning with life with those parapundeks here there and everywhere orgling at any female creature young n old walking their way. It is a waste for OKT not to set up base there for the ready clientele awaiting to make booking
I think there are more than enough PRC whores in Geyland to keep Geylang OKT occupied. City Square too high class for a Geyland OKT lah. He belong to the corner coffeeshop at Lorong 16 surrounded by all the CHINESE WHORES. And my god there are thousands of them who will yellowrise the whole Little India if they decide to come over.:scared-5:

richardsng_era
07-10-09, 21:54
Dear all,

My clients from overseas are coming to Singapore on Mid October to invest in private residential properties. City Square Residences is one of their choice condo.

Their requirements are as follows:

1) 2 bedrooms or smaller;
2) Regular shaped interior;
3) Attractive pricing;
4) Floor Plan required;
5) Interior photos provided will be wonderful

Call me at +65-92993342 or email property details including floor plan & interior pictures to [email protected] before Thursday, 8 Oct 2009 3pm.

patricia
08-10-09, 09:57
Dear all,

My clients from overseas are coming to Singapore on Mid October to invest in private residential properties. City Square Residences is one of their choice condo.

Their requirements are as follows:

1) 2 bedrooms or smaller;
2) Regular shaped interior;
3) Attractive pricing;
4) Floor Plan required;
5) Interior photos provided will be wonderful

Call me at +65-92993342 or email property details including floor plan & interior pictures to [email protected] before Thursday, 8 Oct 2009 3pm.
richard, u should go and f*** your m*****. Spoilt all the thread with you stupid f*** advertisement:tongue3::tongue3: :tongue3:

Reporter
09-10-09, 13:07
http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Suburban home prices soar
Some mid-tier projects have topped previous peaks, figures based on URA data show
Fiona Chan
The Straits Times
Friday, 9 October 2009

http://www.straitstimes.com/STI/STIMEDIA/image/20091008/front-fiosurpass.jpg
Citylights, a new condominium which incorporates conservation shophouses in its layout, is almost complete. In the left background are HDB flats along Jellicoe Road. -- Photo: ST

House hunters: If it feels like that suburban condominium you are eyeing is just as expensive now as it was during the 2007-2008 property boom, that is because it probably is.

Although overall private home prices are still some 15% below recent peaks, prices of mass market homes have already climbed back to the levels of early last year, right before the recession hit.

According to the Urban Redevelopment Authority’s (URA’s) latest estimate, released last week, prices of suburban private homes are just 3% shy of their peak levels in the second quarter of last year.

Some individual projects – such as Seletaris in Yio Chu Kang and Casa Merah in Tanah Merah – have already surpassed these levels, going by calculations done by The Straits Times using data from URA’s Realis database.

For mid-tier properties, URA’s data indicated prices remain about 15% off peaks last year.

But some condos in this category are also bucking the trend, with higher prices in the third quarter this year than in the property boom just past.

In the Jalan Besar area, for instance, three condominiums – Citylights, Southbank, and City Square Residences – are now commanding higher average psf than they did at the height of the boom, according to The Straits Times’ calculations.

The calculations compared these condos’ average price psf in the third quarter this year with the second quarter of last year. All the projects had several sales in the most recent quarter, but some had as few as two in the second quarter of last year as sentiment tapered off ahead of the recession.

Similarly, in the East Coast area, projects such as The Esta and The Sea View have already breached their peak average psf prices. This pattern has also cropped up in selected condos from Clementiwoods in Clementi to The Regency @ Tiong Bahru.

While launches of suburban condos have seen a massive surge in demand in recent months, resales of existing homes have so far stayed out of the limelight. But they have also been appreciating in value as sentiment in the real estate market goes from strength to strength, said property consultants.

'For mass-market leasehold projects outside the prime areas, just based on resale prices, we have almost gone back to the 2007-2008 levels,' said Ms Chua Chor Hoon, head of South-east Asia research at DTZ Debenham Tie Leung.

According to her research, the average price of a leasehold non-landed resale home rose to $610 psf in the third quarter of this year, a mere $5 psf less than the most recent peak of $615 psf.

With private home prices still on an uptrend, having jumped a 20-year record of 16% in the third quarter this year, it seems just a matter of time before suburban condo prices hit new highs.

But consultants say this may not necessarily happen, at least not by the end of this year.

For one thing, the Government’s measures to cool the property market, announced last month, could have a dampening effect on home sales and moderate price increases.

This is unlikely to hit actual demand for homes, but the announcement’s psychological impact could cause a knee-jerk reaction and help prevent private home prices from escalating at an unsustainable pace, said Ms Tay Huey Ying, director of research and advisory at property firm Colliers International.

'As it is, the stand-offs between buyers and sellers in the secondary market are showing signs of a return,' she said. Buyers are also starting to complain about the higher prices of mass market homes.

'We have seen a slight slowdown in sales generally in the market, partly because of the prices, and partly because of the Government’s announcements,' she said, adding that prices have yet to suffer.

'I think some people are refusing to pay high prices, but sellers are not lowering their asking prices, so we are seeing the number of inquiries and also transactions come down a bit.'

nav14
09-10-09, 15:38
http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Suburban home prices soar
Some mid-tier projects have topped previous peaks, figures based on URA data show
Fiona Chan
The Straits Times
Friday, 9 October 2009

http://www.straitstimes.com/STI/STIMEDIA/image/20091008/front-fiosurpass.jpg
Citylights, a new condominium which incorporates conservation shophouses in its layout, is almost complete. In the left background are HDB flats along Jellicoe Road. -- Photo: ST

House hunters: If it feels like that suburban condominium you are eyeing is just as expensive now as it was during the 2007-2008 property boom, that is because it probably is.

Although overall private home prices are still some 15% below recent peaks, prices of mass market homes have already climbed back to the levels of early last year, right before the recession hit.

According to the Urban Redevelopment Authority’s (URA’s) latest estimate, released last week, prices of suburban private homes are just 3% shy of their peak levels in the second quarter of last year.

Some individual projects – such as Seletaris in Yio Chu Kang and Casa Merah in Tanah Merah – have already surpassed these levels, going by calculations done by The Straits Times using data from URA’s Realis database.

For mid-tier properties, URA’s data indicated prices remain about 15% off peaks last year.

But some condos in this category are also bucking the trend, with higher prices in the third quarter this year than in the property boom just past.

In the Jalan Besar area, for instance, three condominiums – Citylights, Southbank, and City Square Residences – are now commanding higher average psf than they did at the height of the boom, according to The Straits Times’ calculations.

The calculations compared these condos’ average price psf in the third quarter this year with the second quarter of last year. All the projects had several sales in the most recent quarter, but some had as few as two in the second quarter of last year as sentiment tapered off ahead of the recession.

Similarly, in the East Coast area, projects such as The Esta and The Sea View have already breached their peak average psf prices. This pattern has also cropped up in selected condos from Clementiwoods in Clementi to The Regency @ Tiong Bahru.

While launches of suburban condos have seen a massive surge in demand in recent months, resales of existing homes have so far stayed out of the limelight. But they have also been appreciating in value as sentiment in the real estate market goes from strength to strength, said property consultants.

'For mass-market leasehold projects outside the prime areas, just based on resale prices, we have almost gone back to the 2007-2008 levels,' said Ms Chua Chor Hoon, head of South-east Asia research at DTZ Debenham Tie Leung.

According to her research, the average price of a leasehold non-landed resale home rose to $610 psf in the third quarter of this year, a mere $5 psf less than the most recent peak of $615 psf.

With private home prices still on an uptrend, having jumped a 20-year record of 16% in the third quarter this year, it seems just a matter of time before suburban condo prices hit new highs.

But consultants say this may not necessarily happen, at least not by the end of this year.

For one thing, the Government’s measures to cool the property market, announced last month, could have a dampening effect on home sales and moderate price increases.

This is unlikely to hit actual demand for homes, but the announcement’s psychological impact could cause a knee-jerk reaction and help prevent private home prices from escalating at an unsustainable pace, said Ms Tay Huey Ying, director of research and advisory at property firm Colliers International.

'As it is, the stand-offs between buyers and sellers in the secondary market are showing signs of a return,' she said. Buyers are also starting to complain about the higher prices of mass market homes.

'We have seen a slight slowdown in sales generally in the market, partly because of the prices, and partly because of the Government’s announcements,' she said, adding that prices have yet to suffer.

'I think some people are refusing to pay high prices, but sellers are not lowering their asking prices, so we are seeing the number of inquiries and also transactions come down a bit.'

Several studios were transacted around 480 in March this year at CSR after falling around 20% and 6 months later they transacted at around 720k - 50% rise in 6 months. Amazing.

The City Square Mall which is 70% open seems to attract 90% Chinese clientele contrary to fears that it was going to become another Tekka Mall or Mustaffa. Many did not buy at CSR thinking that the City Square Mall which was supposed to be a major pulling factor would be a failure. Will these buyers rush back soon?

mcmlxxvi
09-10-09, 18:07
D8 may see even more upside to 1300-1600psf level with this 'surprise' and many boutique (mm) developments TOPing very soon.

Reporter
27-10-09, 22:46
http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Metro expands into suburbs
Leow SiWan
The Straits Times
Tuesday, 27 October 2009

http://www.metrocard.com.sg/Public/images/metro_logo.jpg

Retail chain Metro is looking for more opportunities to expand in 'underserved' areas of Singapore, while aggressively pushing into China and Indonesia.

http://www.tasc.org.sg/sc/images/city_square.jpg

The firm's local reach expanded last Friday when it launched its fourth store at City Square Mall near Little India - its first opening here in seven years.

Managing director Wong Sioe Hong told The Straits Times how the chain, which had dwindled in the mid-1990s, had changed to meet new challenges.

'We have been waiting for an opportunity but there weren't any new malls for the past few years. Most of the new ones are on the Orchard stretch, which is already crowded,' said Mrs Wong.

She said the City Square store in Kitchener Road is ideal because there are no other major department stores within a 4km radius. And its location near Little India means Metro can 'tap a steady flow of international visitors'. By next year, the mall is expected to see a footfall of 1.3 million visitors.

There are even more ambitious plans, with between US$10 million (S$14 million) and US$20 million earmarked for growth here and overseas.
http://www.metro.com.sg/admin/upload/Content/780_780_CITYSQUAREMAP.jpg

Reporter
21-12-09, 13:12
http://www.theedgesingapore.com/images/logo.png
Done Deals
City Square Residences resale prices above $1,000 psf
The Edge
Monday, 14 December 2009

http://www.1aceproperty.com/photos/DLCON052JC-CitySquareRes.jpg

Since June this year, transaction prices of apartments at the 910-unit City Square Residences in the secondary market have increasingly crossed $1,000 psf, hitting a high of $1,271 psf in August, when a 570 sqft studio apartment on the 26th floor of one of the two 30-storey towers was sold for $725,000. Since October, however, more units have been changing hands in the resale market at prices above the $1,000 to $1,100 psf range.

There has also been an increase in transactions last month. In November, up to the latest caveat lodged on Nov 18 — for a three bedroom 1,518 sq ft unit that changed hands for $1.49 million — there were already eight transactions at City Square Residences, compared with seven recorded in October, according to the URA Realis database of caveats. The buoyant prices at City Square Residences can be attributed to the launch of the 40-unit boutique-apartment project City Loft on Race Course Road by Oxley (Ascend Capital Pte Ltd) in late October, where units were sold at $999 to $1,154 psf, according to caveats lodged. The development is made up of 34 units of studio apartments ranging from 322 to 419 sqft and six two-bedroom “penthouses” of 742 to 904 sqft.

In contrast, the massive City Square Residences, easily one of the largest condominiums in the vicinity (if not the largest), has a wide mix of larger units catering to families, with two-bedroom apartments of 840 to 1,302 sqft, 3-bedroom apartments of 1,195 to 1,830 sqft and 4-bedroom apartments starting from about 1,500 sqft. Even the studio apartments are around 570 sqft.

Another reason for City Square Residences being on the radar of homebuyers of late could also be the opening of City Square Mall, with over 700,000 sqft of retail space and 300 shops, in November. Among the many shops and F&B outlets in the building are an NTUC Fairprice supermarket, a Metro department store and a KopiTiam food court. Developed by City Developments Ltd (CDL), the developer for City Square Residences, the mall is conveniently located right next to the condominium project and linked underground to the nearby Farrer Park MRT station.

The freehold condo project was launched in April 2005 at an initial average selling price of $560 psf, and given its location on the fringe of the city and next to the MRT station as well as a shopping mall, the project had attracted the interest of both owner-occupiers and investors. The project was sold out within months of its launch. Prices have certainly appreciated in the last four years, and transaction prices in recent months have even exceeded the levels seen from 3Q2007 to 1Q2008, at the peak of the property boom. From Nov 13 to 20, three units changed hands in the resale market at $982 to $1,121 psf.

For instance, a three-bedroom, 1,216 sqft 5th-storey unit in one of the two towers changed hands in a resale at $1.23 million, or $1,011 psf, according to a caveat lodged on Nov 17. This was the second time the unit has changed hands in the secondary market. The first time was just a year ago, when the previous owner paid $899,800, or $740 psf, for it. Thus, he enjoyed a capital upside of 36.7% in just a year. The original owner purchased it from the developer in August 2005 for $782,100, or $643 psf, a 15% appreciation.

Meanwhile, a two-bedroom, 861 sqft unit on the 23rd floor of one of the twin towers was sold for $965,000, or $1,121 psf. The previous owner had purchased it for $720,000, or $836 psf, in January when the project was close to completion, enjoying a 34% gain in less than 12 months. The first owner bought the unit when it was launched, for $576,000, or $669 psf, enjoying a 25% capital gain. With amenities like shopping mall and MRT in place, and just a short walk from vibrant Little India, it’s no wonder that prices at City Square Residences have been on the rise.

Reporter
09-02-10, 22:39
City Square Residences has a nëw hïgh of $1,297 psf!


City Square Residences
Address ........................ psf ............... Area ........ Price ......... Contract Date
6 Kitchener Link #26-07 .... $1,297 psf .... 570 sqft .... $740,000 .... 19 Jan 10

Reporter
23-03-10, 15:58
1½ months later, City Square Residences has a nëw hïgh of $1,306 psf!


City Square Residences
Address ........................ psf ............... Area ........ Price ......... Contract Date
6 Kitchener Link #13-07 .... $1,306 psf .... 570 sqft .... $745,000 .... 9 Mar 10

Reporter
07-04-10, 22:23
1 week later, City Square Residences has a nëw hïgh of $1,394 psf!

Why not $1,400 psf? It's just $6 psf away!


City Square Residences
Address ........................ psf ............... Area ........ Price ......... Contract Date
2 Kitchener Link #21-01 .... $1,394 psf .... 570 sqft .... $795,000 .... 17 Mar 10

ppty
07-04-10, 23:48
1996-1998 repeat tele-cast

a bubble in waiting

cheers:cheers4:

Condorich
08-04-10, 09:15
1996-1998 repeat tele-cast

a bubble in waiting

cheers:cheers4:

People never learn and the mistakes of others will repeat itself in history again and again. It will forever be the case in time.

Why? simply because they are unaware of the actual risks involved. The equation is balanced as there are winners made after each failure. When there's a winner, there's bound to be a loser. When there's a loser, there's bound to be at least a winner. Winner takes all. Loser disappear until another loser comes along.

teddybear
08-04-10, 10:41
1996-1998?
1996 => 2010.
1998 => 2012? OK, still have at least another 2 years to play? So properties can still cheong until at least 2012? Hooray! Let's continue to have fun for now! :D


1996-1998 repeat tele-cast

a bubble in waiting

cheers:cheers4:

Reporter
27-04-10, 14:28
City Square Residences has broken the $1,400 psf barrier with a nëw hïgh of $1,402 psf!


City Square Residences
Address ........................ psf ............... Area ........ Price ......... Contract Date
2 Kitchener Link #19-01 .... $1,402 psf .... 570 sqft .... $800,000 .... 5 Apr 10

shauntanzs
27-04-10, 22:31
Hey reporter, where did u get these info from?

Lou
13-05-10, 00:24
Very NICE price! Not bad location. Great Heng Hwa food at Ming Chung around the corner! But vicinty nothing to crow about.

Regulators
14-05-10, 03:18
if the area cleared of parapoondeks and mustafa gets shifted to Tuas, replacing that with Sheng Siong, then the psf for citysquare will shoot up to $1800psf.

devilplate
14-05-10, 09:47
if the area cleared of parapoondeks and mustafa gets shifted to Tuas, replacing that with Sheng Siong, then the psf for citysquare will shoot up to $1800psf.

i am actually surprised tat this project can get this far oredi.

Reporter
03-06-10, 01:37
City Square Residences has a nëw hïgh of $1,490 psf!
Can it hit $1,500 psf soon?


City Square Residences
Address ......................... psf ............... Area ........ Price ......... Contract Date
12 Kitchener Link #16-21 .... $1,490 psf .... 570 sqft .... $850,000 .... 12 May 10

mcmlxxvi
03-06-10, 14:32
City Square Residences has a nëw hïgh of $1,490 psf!
Can it hit $1,500 psf soon?


City Square Residences
Address ......................... psf ............... Area ........ Price ......... Contract Date
12 Kitchener Link #16-21 .... $1,490 psf .... 570 sqft .... $850,000 .... 12 May 10

F****, should have bought when it was still 4xxK.

kanglin
30-06-10, 21:10
im kang lin from propnex.
Any buyer looking for south bank, citylight , city square residences and rivering by the park . can tell me. i can look out for you all and update you for any good unit. thank you. hope to hear from you all. ^^. my number 92997280. thx

cashrich
01-07-10, 19:34
im kang lin from propnex.
Any buyer looking for south bank, citylight , city square residences and rivering by the park . can tell me. i can look out for you all and update you for any good unit. thank you. hope to hear from you all. ^^. my number 92997280. thx

thanks tanumy..

devilplate
09-07-10, 22:17
this project seems not bad afterall. i visited city sq mall and get to see city sq condo entrance and pool....quite nice. notice quite a fair bit of expats staying there. Ultra Convenience! as long u dun walk around the area...it can be a vy gd place to stay. self contained....walk to Mall just next door and link to MRT as well...:D

CitySq Mall pretty impressive as well

dnomyarw
09-07-10, 23:55
the market price speaks for itself...:)