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View Full Version : Citylights (D8, 99 year leasehold, Capitaland)



Intrepid Explorer 2.0
30-08-06, 02:21
Some graphics from brochure:

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Showflat:

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Intrepid Explorer 2.0
19-09-06, 02:09
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cadenza
16-11-06, 21:37
Has anyone got comments on the investment value of this property?

aspiring landlord
17-11-06, 23:51
You can try charging slightly more than $2.5K for a 3 bedroom. Maybe even try for $3.5k, if Orchard rents go up to $5k or more for 3 bedroom. In terms of rental return %, Citylights surely has a higher yield than Orchard as there are still cheap units available.

Don't forget Citylights being in district 8 is located just next to district 9 Orchard and district 11 Novena. Maybe the surroundings are not as pleasant as Orchard or Novena, but tenants who are priced out of those areas may turn to Citylights.

Over time, this whole area will hopefully become more genteel and upmarket, with the arrival of condos like Southbank and Citylights. If I am not wrong, another condo is coming up at King George's Avenue which is nearby. Think it is going to be developed by Allgreen, please correct me if I am wrong.

As for Citylights itself, still some units left unsold. So for the future of sub sale, I am not so sure. As a direct comparison, you can compare to Southbank which is sold out. So draw your own conclusions.

maverick713
20-11-06, 14:17
>>If I am not wrong, another condo is coming up at King George's Avenue which is nearby. Think it is going to be developed by Allgreen, please correct me if I am wrong.

This is interesting. You have more info on this King George's Avenue new development?

Unregistered
24-11-06, 02:37
King George? All that is there now are very very old office buildings and flatted factories. Perhaps an HDB or two. Perhaps there are some very old and run down private apartments to en block. The whole place is just very dead. Anyway if those old apartments at King George were to go en block, I don't think it will even make the news. Too insignificant and I don't think those apartments even have names: they are just a number and road name.

maverick713
24-11-06, 10:08
There is still a large piece of vacant state land along King George's Ave at the other end of it next to Syed Alwi Road. I guess new developments can occur there but I have not heard of any govt land sales there yet.

It may be dead now but come 2008, a major government agency involved in organizing national cultural and community social events is relocating its headquarters to that area. That place may suddenly come alive again.

Unregistered
05-03-07, 12:04
Citylights will be blocked by Southbanks on the view and geylang view which is not blocked is not very disireable.

Unregistered
05-03-07, 16:10
Citylights will be blocked by Southbanks on the view and geylang view which is not blocked is not very disireable.

why not desirable? can use telescope to "check out" your "target" :D

Unregistered
05-03-07, 18:11
Will be good for rental. Very near Marina IR and Marina Bay. For those expats working there who cannot afford the high rents in Marina.

Unregistered
06-03-07, 14:15
Will be good for rental. Very near Marina IR and Marina Bay. For those expats working there who cannot afford the high rents in Marina.
True. With the new Iconic Bridge ready in 2010 linking Marina Centre to Marina South, it would probably be a quick 3 minutes drive from Citylights to the Marina Bay Sands IR via Republic Avenue and Crawford Road.

Unregistered
09-03-07, 16:18
>>If I am not wrong, another condo is coming up at King George's Avenue which is nearby. Think it is going to be developed by Allgreen, please correct me if I am wrong.

This is interesting. You have more info on this King George's Avenue new development?

There is a small one coming up at Somme Road called Residences @ Somme. I believe you have already posted details about it on the skyscrapercity site. Care to post them here too? Thanks

Showroom Hopper
02-05-07, 09:14
There are 3 studio units left in Citylights. They are all on the 1X floors of Tower 90. Developer is selling at around $910+psf. The showroom is still open for viewing.

Unregistered
02-05-07, 13:03
There are 3 studio units left in Citylights. They are all on the 1X floors of Tower 90. Developer is selling at around $910+psf. The showroom is still open for viewing.

Is that all that is left? how abt 3/4 bedrooms?

Unregistered
03-05-07, 11:38
Is that all that is left? how abt 3/4 bedrooms?

Sub sale only. Wanna buy? ;)

CityLights
30-05-07, 21:34
Sub sale only. Wanna buy? ;)

What is the rental expectation for 3 rooms?

rental
30-05-07, 22:28
3 bedroom should be around $4k to $5k... nobody is sure because no benchmarks around. But if we project into the future maybe 3,4 years later, we should see really high rents around here because of the trickle down from Marina Bay. This area is considered Greater Marina Bay.

nice pic
15-06-07, 16:51
http://img407.imageshack.us/img407/3716/citylightsreflectionsinbo8.jpg

DTZ
06-07-07, 14:06
Irene 9677-6428, DTZ

Southbank
#20 up, 958 sqft ...... $1,250 psf
#30 up, 614 sqft ...... $1,500 psf
#30 up, 969 sqft ...... $1,500 psf

Citylights
#20 up, 893 sqft ...... $1,500 psf

Registered
06-07-07, 16:44
I understand #08-03 has just been transacted at $1,000psf and #38-01 at $1.6 million.

In fact all above-30-floor units in Citylights and Southbank are asking $1,500 psf now.

What a change!
Minister Mah has really changed this part of the world.

Unregistered
16-03-08, 11:08
http://img407.imageshack.us/img407/3716/citylightsreflectionsinbo8.jpg
Citylights NO1

Unregistered
17-03-08, 16:27
The one in the water is nicer.

Unregistered
17-03-08, 16:45
The one in the water is nicer.

I heard there are many unhappy Citylights owners. Not happy with quality, design, kind of people staying there ...... As expected.

Unregistered
17-03-08, 17:56
got many chio bu staying there... that day I saw..... wow.. office gals and professional women stay here.......wish I can be their neighbour hehehehe

Unregistered
17-03-08, 17:59
got many chio bu staying there... that day I saw..... wow.. office gals and professional women stay here.......wish I can be their neighbour hehehehe
When you buy, they will move out.

Unregistered
17-03-08, 22:53
got many chio bu staying there... that day I saw..... wow.. office gals and professional women stay here.......wish I can be their neighbour hehehehe
Ahh.. you are talking about the china prostitutes coming from the immigration centre is it?

Unregistered
18-03-08, 00:12
Ahh.. you are talking about the china prostitutes coming from the immigration centre is it?
No. With a aqua chinese pimp like you, who wants chinese prostitutes?

Unregistered
18-03-08, 01:37
No. With a aqua chinese pimp like you, who wants chinese prostitutes?
Aqua? You mean sissy?

Unregistered
18-03-08, 23:00
Aqua? You mean sissy?
Aqua is referring to the cartoon Aquaman, the hero that kill half man half woman.

Unregistered
24-03-08, 11:00
It looks hot and sunny

Unregistered
24-03-08, 17:37
It looks hot and sunny

Citylights gets the morning sun I think. The picture posted earlier was taken in May 2007 and the windows now should be green instead of blue.

Unregistered
26-03-08, 11:20
It is a myth (perhaps the oldest one in the book) that Freehold is better than Leasehold. There are no conclusive studies on this.
What many seem to forget is that property is all about LOCATION. The first thing students of real estate are taught is location, location and location. So focus more on location and less on tenure.

Unregistered
26-03-08, 12:21
It is a myth (perhaps the oldest one in the book) that Freehold is better than Leasehold. There are no conclusive studies on this.
What many seem to forget is that property is all about LOCATION. The first thing students of real estate are taught is location, location and location. So focus more on location and less on tenure.
AGREE, AGREE AGREE!

Unregistered
26-03-08, 12:56
It is a myth (perhaps the oldest one in the book) that Freehold is better than Leasehold. There are no conclusive studies on this.
What many seem to forget is that property is all about LOCATION. The first thing students of real estate are taught is location, location and location. So focus more on location and less on tenure.

Who is talking about tenure in recent postings?

Apart from location, must also look at quality and design of project which will have an impact on how well the condo holds its value in the longterm. So what do you guys think about the quality and design of Citylights? Very satisfied, satisfied or could be better?

Unregistered
26-03-08, 14:27
Who is talking about tenure in recent postings?

Apart from location, must also look at quality and design of project which will have an impact on how well the condo holds its value in the longterm. So what do you guys think about the quality and design of Citylights? Very satisfied, satisfied or could be better?

i think the person is right about his comment. It is always to first look at location. Don't you when you decide whether to buy Citylights? I do. Quality and design are important too but secondary. Once location is right....then the rest will follow.

puppets?
02-04-08, 13:16
y do humans need to be puppets? because most have weak spines. or the puppeteer is a control freak who just insist in having her way at all times.

Unregistered
02-04-08, 13:18
y do humans need to be puppets? because most have weak spines. or the puppeteer is a control freak who just insist in having her way at all times.
most are desperate to hold on to their jobs!!!!!!!!!!!!!!!no where to go

Unregistered
02-04-08, 13:57
y do humans need to be puppets? because most have weak spines. or the puppeteer is a control freak who just insist in having her way at all times.

most are desperate to hold on to their jobs!!!!!!!!!!!!!!!no where to go
2 cocks talking cork here.

Unregistered
09-04-08, 10:50
Read from Citilights owners posting and they are now finding alot of problems relating to :-

- speeding inside car park
- some owners using their unit as hostel
- cat's issue
- access to their unit problem
- owners drying clothings at planters

I think the worse will be 1 unit erecting double decker beds and probably, renting it out to 9-10 students. In no time, Citilights will be like another hostel in the little india area.

Unregistered
09-04-08, 14:09
Read from Citilights owners posting and they are now finding alot of problems relating to :-

- speeding inside car park
- some owners using their unit as hostel
- cat's issue
- access to their unit problem
- owners drying clothings at planters

I think the worse will be 1 unit erecting double decker beds and probably, renting it out to 9-10 students. In no time, Citilights will be like another hostel in the little india area.

Good than the price will fall to $500psf and i will buy.

Unregistered
09-04-08, 14:24
Good than the price will fall to $500psf and i will buy.
I think $400psf is a better reflection of the project.

Unregistered
09-04-08, 15:48
I think $400psf is a better reflection of the project.
If $400psf I would buy a penthouse. The view at the top floor is simply out of this world. Gotta see to believe.

Unregistered
10-04-08, 11:39
Read from Citilights owners posting and they are now finding alot of problems relating to :-

- speeding inside car park
- some owners using their unit as hostel
- cat's issue
- access to their unit problem
- owners drying clothings at planters

I think the worse will be 1 unit erecting double decker beds and probably, renting it out to 9-10 students. In no time, Citilights will be like another hostel in the little india area.

Foreign parents are not going to pay 500-600 (which is the min amt to barely make it proftibale as compared to renting out)for their kids to be hot-housed like that . Most probably it will be used to house the Chinese hookers operating at the nearby Geylang haunts. $30 a day is cheaper than those hotels at Geylang and for these hookers it will be a win-win deal. It could also be used by a pimp to house all the hookers under him and the skygardens can be used to spy on whether anti-vice raids are on at the various Lorongs at Geylang before sending down his hookers there. If nothing is done to stop this, this concept will spread like wildfire in Citylights and next thing you know, prices would decline to 600psf.

Looks like all the negative scenarios painted by one forumer here a few months are turning out true for Citylights. No need to argue anymore now. The writing is on the wall. The owners themselves are now coming out and airing their frustrations one by one on different issues. I suggest that Citylighters should stop washing their dirty linen in public - otherwise they will end up as losers in terms of rapidly declining prices.
The savvy investors saw this coming and have been proven correct.

Anyway my symphaties, condolences and well wishes to all Citylighters.

Unregistered
10-04-08, 11:51
i think the person is right about his comment. It is always to first look at location. Don't you when you decide whether to buy Citylights? I do. Quality and design are important too but secondary. Once location is right....then the rest will follow.


Looks like location was right for turning it into hostel (s) or worst still possibily brothel(s) . We can only confimr later whether students or hookers move in to occupy the double decker beds in that one apt. Until then open verdict. But very sure either a HOSTEL or BROTHEL.

Unregistered
10-04-08, 14:04
Can see that recent URA transactions are still high at $1.3 to $1.4k per sf. If prices do drop like some of you think, I would want to kope a unit there as it is very near my workplace in town. Location is just right although its locality can be improved. Hostel or not is not a big issue as the mgmt are paid to keep up the place. If not, I can see citylighters leaning hard on them to do their jobs.

Unregistered
10-04-08, 14:41
Looks like location was right for turning it into hostel (s) or worst still possibily brothel(s) . We can only confimr later whether students or hookers move in to occupy the double decker beds in that one apt. Until then open verdict. But very sure either a HOSTEL or BROTHEL.

To be fair to Citilights, lets not forget this project was launched to entice HDB upgraders, ie low price, low expectation on the type of people staying there.

When neighbours starts to hang clothings on the planter, you cannot blame or stop them from doing that. Becos as the old saying goes "its difficult to change the leopard's spot". Example, how do you expect a old untie say late 50s who has been hanging her clothings outside her HDB unit now expect her to use dryer instead. Habits die hard.

East Mints
10-04-08, 15:25
Who is talking about tenure in recent postings?

Apart from location, must also look at quality and design of project which will have an impact on how well the condo holds its value in the longterm. So what do you guys think about the quality and design of Citylights? Very satisfied, satisfied or could be better?

wait till you want to sell and your buyer got problem securing loan to match valuation. That is when the leasehold and freehold problem set in...

Unregistered
10-04-08, 15:34
Can see that recent URA transactions are still high at $1.3 to $1.4k per sf. If prices do drop like some of you think, I would want to kope a unit there as it is very near my workplace in town. Location is just right although its locality can be improved. Hostel or not is not a big issue as the mgmt are paid to keep up the place. If not, I can see citylighters leaning hard on them to do their jobs.


On many occasions MC's hands can be tied. Even if they keep to 3 per room as allowed by govt , ie 9 in the whole house. OK if kids. What if hookers start using it as a boarding house at say $35 a day . Many will come at this price. 9 x $35 = 315 per day x 30 days = 9450 per month - much more than the expected rent for a 3 bedder (5k+). They will not conduct their activities there of course and as such there will be nothing the Mgt or residents can do. There is no way MGT can stop such people to visit the place and stay overnight everyday as visitors. So slowly the situation deteriorates. I can assure you that Mgt cannot always work miracles because in many cases their hands can be tied with all the legal loopholes available.

Unregistered
10-04-08, 15:39
To be fair to Citilights, lets not forget this project was launched to entice HDB upgraders, ie low price, low expectation on the type of people staying there.

When neighbours starts to hang clothings on the planter, you cannot blame or stop them from doing that. Becos as the old saying goes "its difficult to change the leopard's spot". Example, how do you expect a old untie say late 50s who has been hanging her clothings outside her HDB unit now expect her to use dryer instead. Habits die hard.
Precisely low quality attracted low quality initial batch of buyers. So with a very weak DNA, what to expect. Capitalland anticipated this and thus their response by giving buyers what they paid for ( source of average architects/ designers to cut cost and thus a corresponding disaster in design)

Unregistered
10-04-08, 15:44
If i remember correctly when i was there at launch in i belive 2004, the price of Citylights was not exactly cheap either compared to most mass market neighbourhood. HDB upgraders should be buying condos elsewhere at 2/3 the price. Kerrisdale was much cheaper too.

Unregistered
10-04-08, 15:47
If i remember correctly when i was there at launch in i belive 2004, the price of Citylights was not exactly cheap either compared to most mass market neighbourhood. HDB upgraders should be buying condos elsewhere at 2/3 the price. Kerrisdale was much cheaper too.
It was around 600psf on average , only slightly higher than mass market new condos at that time. Still something that could be easily afforded by HDB dwellers unlike now.

Unregistered
10-04-08, 16:09
To be fair to Citilights, lets not forget this project was launched to entice HDB upgraders, ie low price, low expectation on the type of people staying there.

When neighbours starts to hang clothings on the planter, you cannot blame or stop them from doing that. Becos as the old saying goes "its difficult to change the leopard's spot". Example, how do you expect a old untie say late 50s who has been hanging her clothings outside her HDB unit now expect her to use dryer instead. Habits die hard.

wahahhaha

trying to play two character here!!!

wat a great but stupid idea!!!

Unregistered
10-04-08, 16:10
It was around 600psf on average , only slightly higher than mass market new condos at that time. Still something that could be easily afforded by HDB dwellers unlike now.
You stress liao cannot stand market going down. Pathetic!!! even not dare tolook at classified ad because cannot face the reality.

Unregistered
10-04-08, 16:11
Can see that recent URA transactions are still high at $1.3 to $1.4k per sf. If prices do drop like some of you think, I would want to kope a unit there as it is very near my workplace in town. Location is just right although its locality can be improved. Hostel or not is not a big issue as the mgmt are paid to keep up the place. If not, I can see citylighters leaning hard on them to do their jobs.You stress liao cannot stand market going down. Pathetic!!! even not dare tolook at classified ad because cannot face the reality.

Unregistered
10-04-08, 16:44
You stress liao cannot stand market going down. Pathetic!!! even not dare tolook at classified ad because cannot face the reality.
You siao liao cannot stand market continue going up. Pathetic!!! even not dare to look at the latest URA price index.

http://www.channelnewsasia.com/images/CNAlogo.gif
HDB And Private Property Prices Up In Q1 Flash Estimate
Channel NewsAsia
Tuesday, 1 April 2008, 1345 hrs

Private residential property prices in Singapore rose 4.2% in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority.

The pace was slower than the 6.8% clip recorded in the fourth quarter of last year.

On a quarter-on-quarter basis, the biggest rise in property prices for non-landed properties came from outside central region - up 4.8% in the January-March quarter compared with the October-December period.

Properties in the prime districts of 9, 10 and 11, as well as the downtown area and Sentosa, rose 4.4% on quarter.

Prices in the rest of the central region increased 3.9% in the first quarter from the previous three months.

The preliminary estimates were based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, as well as the number of new units sold.

Meantime, the Housing and Development Board (HDB) said prices of HDB resale flats rose 3.4% in the January to March period over the previous three months. This was lower than the 5.7% increase in the fourth quarter.

Both the URA and HDB will release final figures at the end of April.

The URA said that as at 4th Quarter 2007, there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011.

There are also some 38,300 units that have yet to be put on sale by developers.

As for the supply of government flats, the HDB said it had made available in the first quarter of this year some 1,100 new flats in two Build-To-Order (BTO) projects in Punggol and Yishun.

It said that depending on demand, there could be another 5,000 new BTO flats in towns such as Punggol, Sengkang, Woodlands and Bukit Panjang.

The total planned BTO supply of 6,100 new flats for January till September 2008 will surpass the annual BTO flat supply in 2007 and 2006.

This new supply of flats will be in addition to those offered under Balloting Exercises for surplus replacement SERS and other flats, as well as the planned release of three Design-and-Build sites in Simei, Toa Payoh and Bedok with some 1,500 flats in the first half of 2008.

Unregistered
11-04-08, 13:18
wahahhaha

trying to play two character here!!!

wat a great but stupid idea!!!

Ai ya, I learn from my FT colleague ma, sometime play good guy, sometime play bad guy. This is what I call Survival of the fittest ma.

home-run
15-04-08, 11:58
I have a 3 br(1424sqft) above #30 for sale asking $1150psf ONLY!!!
Bank value is 1200psf.
SELL BELOW BANK VALUE!!!

Fastastic city view!!!
CHOICE INVESTMENT...Don't miss out on this bargain unit!!!


02X 3br units for rental @ $5.Xk. P/furn. High/Low floor. Nice city view.
Immediate.


For more info, pls contact me @ 81835132 or visit my website @ www.wilsonlimot.multiply.com (http://www.wilsonlimot.multiply.com)

Cheers:cheers6:

Unregistered1
03-05-08, 13:01
Citylights prices will shoot up soon once the Marina IR is ready next year and then shoot up again when the Sports Hub is ready ... we can expect more commercial developments around the Kallang Basin ... perhaps Paris style sidewalk cafes, shopping centres, etc ... can enjoy the beautiful view and nice breeze of the Kallang Basin ...

Unregistered2
06-05-08, 05:27
Citylights prices will shoot up soon once the Marina IR is ready next year and then shoot up again when the Sports Hub is ready ... we can expect more commercial developments around the Kallang Basin ... perhaps Paris style sidewalk cafes, shopping centres, etc ... can enjoy the beautiful view and nice breeze of the Kallang Basin ...
You're tripping man

cl
06-05-08, 19:40
CityLights is not in "good" books of agents as overheard one agent saying is almost "like HDB" and quality of material not upto expectations.

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?

Interested Buyer
13-07-08, 20:58
Irene 9677-6428, DTZ

Southbank
#20 up, 958 sqft ...... $1,250 psf
#30 up, 614 sqft ...... $1,500 psf
#30 up, 969 sqft ...... $1,500 psf

Citylights
#20 up, 893 sqft ...... $1,500 psf


What is the asking now? Also...why so steep in prices? Thought it was a mass market condo initially.

Curious
14-07-08, 00:32
What is the asking now? Also...why so steep in prices? Thought it was a mass market condo initially.
District 8 got mass market condo meh?

Passerby
14-07-08, 06:49
District 8 got mass market condo meh?

Not sure. What's the asking now?

DC33
14-07-08, 10:01
SOUTHBANK'S VALUATION PRICE NOW IS ABOUT $1150PSF FOR HIGH FLOOR. HOW ABOUT CITYLIGHTS?

??
18-07-08, 09:35
District 8 got mass market condo meh?
Citylights is a mass condo. wondering if it has tennis courts though.

RegisteredTomorrow
18-07-08, 10:37
Citylights is a mass condo. wondering if it has tennis courts though.

Don;t be lazy lah. Check out Singapore Expats yourself: http://www.singaporeexpats.com/singapore-property-pictures/condo/citylights.htm

FACILITIES AT CITYLIGHTS

Lap pool
Main pool
Splash pool
Jacuzzi
Clubhouse
BBQ
Garden pavilion
Play area
Fitness Area
Waterfall
Water Cascades
Ornamental pond
Tennis courts (2x)

Curious
18-07-08, 13:12
Citylights is a mass condo. wondering if it has tennis courts though.
CCR got mass condo meh?
RCR (including D8) got mass condo meh?

If RCR got mass condo, then why have OCR?

Red Alert
18-07-08, 13:17
Lotsa mass condo in RCR like D14 Geylang and D12 Balestier. RCR needs to be separated as it is red light areas.


CCR got mass condo meh?
RCR (including D8) got mass condo meh?

If RCR got mass condo, then why have OCR?

AgentKhoo
19-07-08, 00:07
Citylights is a mass condo. wondering if it has tennis courts though.
Here got 2 tennis courts. Not like DR the blood-sucker no tennis court.

AgentKhoo
19-07-08, 00:22
Here got 2 tennis courts. Not like DR the blood-sucker no tennis court.

Not only that! Facing smelling geylang longkang, 1000psf for 99yr condo with no full facilities... and just a stone's throw to china mei mei territory. aiyo :doh:

AgentKhoo
19-07-08, 00:24
Near to the kek leng kia territory, but still further away then city square which is worse off


Don;t be lazy lah. Check out Singapore Expats yourself: http://www.singaporeexpats.com/singapore-property-pictures/condo/citylights.htm

FACILITIES AT CITYLIGHTS

Lap pool
Main pool
Splash pool
Jacuzzi
Clubhouse
BBQ
Garden pavilion
Play area
Fitness Area
Waterfall
Water Cascades
Ornamental pond
Tennis courts (2x)

sake
29-07-08, 11:39
hi all,

I have a unit at citylights for sale:
Blk 80, above #30 FL, stack 03, 1356 sqft, tenanted $5600/mth until 2010, asking 1200 psf, city & sea view

call 90717878 for details.


Thanks

calebkoh
04-08-08, 02:10
Hi all,

I have one unit (studio) at Citylights for sale. Asking $750k

Email me at [email protected] (http://forums.condosingapore.com/) or PM me.

Thanks:)

Caleb Koh
PropNex

sake
04-08-08, 09:40
hi all,

citylights owner wants to sell it fast :doh: :doh: :scared-4: :scared-4: :
Blk 80, above #30 FL, stack 03, 1356 sqft, tenanted $5600/mth until 2010, asking 1150 psf, city & sea view

call 90717878 or email me at [email protected] for details

Thanks

get ready to burn
12-08-08, 01:34
See extract from www.salary.sg:

It’s not always so easy to make money, as the previous case studies suggested.

Slightly more than 10 years ago, a young couple bought something that almost ruined their lives financially.

It was the middle of 1996, a boom time for the stock market as well as the property market.

The couple - working professionals - were earning salaries that disqualify them for subsidised HDB housing.

Just married, they were yearning for a nice place to stay in.

They set their eyes on a 1,300 square foot condominium just north of Ang Mo Kio. The location is not very central, but the asking price was a crazy $1 million.

It was a stretch for the couple. Without huge savings, they could only afford the initial 20% downpayment and had to borrow the rest for the progress payments.

But given the rosy economy then, and the fact that they were holding well-paying jobs (making a combined $150k a year), they went ahead and bought the condo.

We all know what happened next.

The economy tanked. Asia went into financial crisis. Jobs were lost. Stock and property prices fell. Drastically.

Salaries were cut.

The couple also saw their income go down. Yet, they still had to make the mortgage repayments.

A big part of their earnings went to the bank.

They were slaves to the mortgage loan. (It’s still the case now. So they don’t save a lot.)

Worse, the condo’s value went down, almost to negative equity level, i.e. owing the bank more than the property’s worth.

Even now, when property prices are at peak levels (and maybe on the way down), the couple’s condo is still a loss-making investment. Why? Their condo is a leasehold property.

So, this unfortunate couple is “stuck” with a still-sizable bank loan, a condo that’s depreciating in value, and low savings. And they are considered high income earners…

A wrong move, and they are hit financially for a long time…

Will it happen again?

hi
24-08-08, 00:15
Bad case study ... that was the asian financial crisis

Spore IS NOT and WILL NOT be in such a crisis anytime soon ...



See extract from www.salary.sg:

It’s not always so easy to make money, as the previous case studies suggested.

Slightly more than 10 years ago, a young couple bought something that almost ruined their lives financially.

It was the middle of 1996, a boom time for the stock market as well as the property market.

The couple - working professionals - were earning salaries that disqualify them for subsidised HDB housing.

Just married, they were yearning for a nice place to stay in.

They set their eyes on a 1,300 square foot condominium just north of Ang Mo Kio. The location is not very central, but the asking price was a crazy $1 million.

It was a stretch for the couple. Without huge savings, they could only afford the initial 20% downpayment and had to borrow the rest for the progress payments.

But given the rosy economy then, and the fact that they were holding well-paying jobs (making a combined $150k a year), they went ahead and bought the condo.

We all know what happened next.

The economy tanked. Asia went into financial crisis. Jobs were lost. Stock and property prices fell. Drastically.

Salaries were cut.

The couple also saw their income go down. Yet, they still had to make the mortgage repayments.

A big part of their earnings went to the bank.

They were slaves to the mortgage loan. (It’s still the case now. So they don’t save a lot.)

Worse, the condo’s value went down, almost to negative equity level, i.e. owing the bank more than the property’s worth.

Even now, when property prices are at peak levels (and maybe on the way down), the couple’s condo is still a loss-making investment. Why? Their condo is a leasehold property.

So, this unfortunate couple is “stuck” with a still-sizable bank loan, a condo that’s depreciating in value, and low savings. And they are considered high income earners…

A wrong move, and they are hit financially for a long time…

Will it happen again?

you are soo screwed
25-08-08, 11:34
Check URA lastest, citylights prices are going down big time~!

Unregistered909
25-08-08, 12:02
Check URA lastest, citylights prices are going down big time~!

Are you sure?? Below shows prices are still stable since January 08 at $1K to $1.2K psf:

Project Name Street Name Type Price($) Land/Floor Area (Sqft) Unit Price ($psf) Date of Option Exercised / Sales Agreement Signed

CITYLIGHTS JELLICOE ROAD Condominium 980,000 893 1,097 Aug-08
CITYLIGHTS JELLICOE ROAD Condominium 1,708,560 1,356 1,260 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 1,492,050 1,421 1,050 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 688,000 560 1,229 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 826,800 689 1,200 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 1,018,600 926 1,100 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 1,043,202 893 1,168 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 785,000 560 1,402 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 733,000 678 1,081 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 1,593,300 1,356 1,175 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 750,000 678 1,106 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 1,550,000 1,313 1,180 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 800,000 678 1,180 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 868,000 678 1,280 Jun-08

Unregist.ered
25-08-08, 13:46
i think the fellow who said citylights will drop big time is waiting for prices to drop so he can afford it. I think he can't afford to buy it now so sour grapes
Are you sure?? Below shows prices are still stable since January 08 at $1K to $1.2K psf:

Project Name Street Name Type Price($) Land/Floor Area (Sqft) Unit Price ($psf) Date of Option Exercised / Sales Agreement Signed

CITYLIGHTS JELLICOE ROAD Condominium 980,000 893 1,097 Aug-08
CITYLIGHTS JELLICOE ROAD Condominium 1,708,560 1,356 1,260 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 1,492,050 1,421 1,050 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 688,000 560 1,229 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 826,800 689 1,200 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 1,018,600 926 1,100 Jul-08
CITYLIGHTS JELLICOE ROAD Condominium 1,043,202 893 1,168 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 785,000 560 1,402 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 733,000 678 1,081 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 1,593,300 1,356 1,175 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 750,000 678 1,106 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 1,550,000 1,313 1,180 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 800,000 678 1,180 Jun-08
CITYLIGHTS JELLICOE ROAD Condominium 868,000 678 1,280 Jun-08

kal
25-08-08, 15:49
though i PERSONALLY not really like Citylights, but this project really hv high rental yield....

moonk123
20-11-08, 10:14
http://www.virtualhomes.sg/FileUpload/Project/48/Images/a11.jpg

http://www.virtualhomes.sg/FileUpload/Project/48/Images/a2.jpg

http://www.virtualhomes.sg/FileUpload/Project/48/Images/a6.jpg

http://www.virtualhomes.sg/FileUpload/Project/48/Images/a5.jpg

http://www.virtualhomes.sg/FileUpload/Project/48/Images/1elevation.jpg

see more pictures and 720 degree virtual tour from:
http://www.virtualhomes.sg/citylights

jasonlcl
01-12-08, 16:43
I am one of proud Citylights owners (2nd owner)..but just saw a text from my agent that 2X-23 (2 bedrooms) is asking for $1,000psf!Oh no!

sufri
04-12-08, 12:41
i feel that citylight is overpriced when there is a better option in the form of city sq residences...do the comparison and u will see

isaaclim
12-12-08, 10:17
i feel that citylight is overpriced when there is a better option in the form of city sq residences...do the comparison and u will see

Please don't compare Citylights and CSR too early. Wait until you see the situation at the pool and the surrounding, then it is fair you make a comment.

900 units next to Little India. Oh...

ordinaryman
06-02-09, 19:04
Hi All.....


CITYLIGHTS



3+1. 1400 sqft. VERY HIGH FLR - LIVING CLOSE TO THE CLOUDS!
COMES FULLY FURNISHED. FULL CONDO FACILITES WITH MODERN THEME.
EXPATS CHOICE WORKING IN CITY


AVAILABILITY: IMMDT
ASKING PRICE: $5.5K!



Well situated at the fringe of Central Business District and right next to Lavender MRT Station, the convenience is at your door-step. Citylights has easy access to comprehensive amenities and shopping malls including - Suntec City Mall, Parco Bugis Junction and Marina Square filled with fine restaurants, eateries, hip boutiques and exciting entertainment.

Citylights is easily accessible, connecting to city and all parts of Singapore via Central Expressway (CTE), East Coast Parkway (ECP) and Nicoll Highway


CONTACT:


JASON LIN (KF) 91847707
[email protected]

Geylang OKT
06-02-09, 20:21
Hello there :D

jasonlcl
15-02-09, 17:38
Saw some damages to the Lifts already. Wonder why can't people be more careful!:doh:

Chris Tang
09-03-09, 17:48
CONDO WHOLE UNIT @ CITYLIGHTS. BLK 80. DISTRICT 8. BEST PRIME LOCATION IN SINGAPORE. 3+1. HIGH FLOOR. SEA VIEW. CITY VIEW. PANORAMIC VIEW. UNBLOCK VIEW. BRIGHT,WINDY. FULL FACILITIES. FULLY RENOVATED. FULLY AIR-CON. FULLY/PARTIAL FURNISH. 3 MINS LAVENDER MRT. 1 MIN AMENITIES. 10 MINS BUGIS SHOPPING CENTER. 15 MINS ORCHARD. ANY RACES. IMMEDIATE MOVE IN. BRAND NEW UNIT, NO OWNER STAY BEFORE. BEST PRICE EVER IN THE MARKET NOW. GOT 4 UNITS ON HAND FOR SALE ALSO !! ASKING $4500 ONLY. GRAB NOW BEFORE TOO LATE. VIEWING CAN BE DONE AT YOUR TIMING. CALL 8168 3203

thomastansb
09-03-09, 20:06
4.5k u call cheap?

I offer 2k, u want?

Acer
09-03-09, 21:35
All caps Lock :doh:

teddybear
10-03-09, 09:38
How can district 8 be prime? Mmm...


CONDO WHOLE UNIT @ CITYLIGHTS. BLK 80. DISTRICT 8. BEST PRIME LOCATION IN SINGAPORE. 3+1. HIGH FLOOR. SEA VIEW. CITY VIEW. PANORAMIC VIEW. UNBLOCK VIEW. BRIGHT,WINDY. FULL FACILITIES. FULLY RENOVATED. FULLY AIR-CON. FULLY/PARTIAL FURNISH. 3 MINS LAVENDER MRT. 1 MIN AMENITIES. 10 MINS BUGIS SHOPPING CENTER. 15 MINS ORCHARD. ANY RACES. IMMEDIATE MOVE IN. BRAND NEW UNIT, NO OWNER STAY BEFORE. BEST PRICE EVER IN THE MARKET NOW. GOT 4 UNITS ON HAND FOR SALE ALSO !! ASKING $4500 ONLY. GRAB NOW BEFORE TOO LATE. VIEWING CAN BE DONE AT YOUR TIMING. CALL 8168 3203

guide-01
11-03-09, 17:07
Click on the link below to find the up dated rental and sale price for Citylights Condo

http://propertyview.150m.com/singapore.html

candox69
05-05-09, 00:34
I am one of proud Citylights owners (2nd owner)..but just saw a text from my agent that 2X-23 (2 bedrooms) is asking for $1,000psf!Oh no!

too high or too low?

franzmark
06-05-09, 05:36
city square is surrounded and inhabited by parapundeks. give us a break lah......:doh: :doh: :doh:



i feel that citylight is overpriced when there is a better option in the form of city sq residences...do the comparison and u will see

proud owner
06-05-09, 08:31
city square is surrounded and inhabited by parapundeks. give us a break lah......:doh: :doh: :doh:

then again, apart from the view .. citylights is also near amenities ..like lighting shops , immigration, casket, traffic jam ..

lucky got mrt

franzmark
06-05-09, 21:26
citylights is way better than CSR in my opinion, at least clear of the Indian Ocean...



then again, apart from the view .. citylights is also near amenities ..like lighting shops , immigration, casket, traffic jam ..

lucky got mrt

orange
06-05-09, 21:33
Citilights is very convenient when u die... your family just carry u next door and dump u into the coffin..

franzmark
06-05-09, 22:25
everybody have to die someday, at least better than being hounded by parapundeks everywhere around ur neighbourhood when you are alive....



Citilights is very convenient when u die... your family just carry u next door and dump u into the coffin..

august
07-05-09, 00:55
citylights is way better than CSR in my opinion, at least clear of the Indian Ocean...

based on market prices, the market thinks so too ~

mr funny
11-05-09, 13:10
http://www.straitstimes.com/Life%2521/Life%2BNews/Story/STIStory_374138.html

May 9, 2009

home & garden

Gardens in the sky

High-rise greenery is sprouting in condos and HDB blocks

By tay suan chiang

http://www.straitstimes.com/STI/STIMEDIA/image/20090508/top1.jpghttp://www.straitstimes.com/STI/STIMEDIA/image/20090508/top2.jpg
High-rise havens at Newton Suites (left) and HDB carpark in Toa Payoh. -- ST PHOTOS: JOYCE FANG, SHAHRIYA YAHAYA

Garden terraces on high-rise buildings are a growing idea.

More condominiums, Housing Board carparks and office towers are sprouting plants and trees amid the concrete, helping Singapore bloom as a 'garden city'.

Everyone is happy: Developers like adding high-rise greens because they say they help keep buildings cool and beautify the urban jungle. Residents like them because they help them keep close to nature, despite being above the ground.

The idea gets the (green) thumbs-up from housewife Mei Wong, who lives in one of Singapore's oldest housing estates, Toa Payoh, which boasts the first sky garden to connect five HDB blocks. It has landscaped footpaths, sheltered seating areas and a trellis where creepers grow.

Ms Wong, 40, who goes there often with her two children, says: 'There's no need for me to grow plants at home. I just come here.

'The plants keep the sky garden cool, and it is pleasant to look out onto it from my 20th-storey window.'

The HDB and the National Parks Board first started a pilot project to green the roof of a multi-storey carpark in Punggol in 2003. At some multi-storey carparks in new HDB projects, there are also roof gardens which the public can access.

The idea is also taking root in the private sector (see separate stories). Last month, the Urban Redevelopment Authority (URA) launched a new programme called Landscaping for Urban Spaces and High Rises - or appropriately, Lush in short - to promote more skyrise greenery.

Its initiatives include making landscaping, such as to shape rooftop gardens or sky terraces, a must for new developments in Raffles Place, Shenton Way, Marina Centre, along Kallang River and Jurong Gateway, the upcoming commercial hub in the west.

Already, since 1997, the URA has encouraged developers to incorporate sky terraces in residential projects by allowing a higher building height if they are provided. Covered sky terraces are also exempt from gross floor area computation, which means a developer has more room to build more apartment units.

Under Lush, these guidelines were revised to require that sky terraces are lushly landscaped and that the greenery is visible externally, to ensure a more attractive communal space.

New condos are showing they are taking the sky garden concept to new heights. At year-old Icon in Tanjong Pagar, residents are living a luxe lush life.

The sky terrace on the 31st storey of the mixed-use development makes for one superb venue for residents' private parties. It is filled with shade-loving plants such as frangipani trees, and small pockets of areas have been created to give some privacy.

Mr Chng Kiong Huat, director of development and planning for the condo's developer, Far East Organization, says the sky terrace was created so residents can 'live, work and play within the compound'.

Property developer Capitaland has also introduced high-rise greenery at two recent residential projects, Citylights near Lavender and RiverGate near River Valley Road. At Citylights, there is a sky terrace on the 24th storey with fitness facilities, plus reading and yoga corners, amid the lush greenery.

Over at RiverGate, its sky gardens are made up of a series of public and private gardens and balconies which give the development a green and ecologically harmonious appearance on Singapore's skyline, says Capitaland.

At Fusionopolis, the science and research centre in Buona Vista, there are 13 sky gardens which the public can visit.

Developer JTC Corporation says the sky gardens provide visual relief and serve as green lungs and social pockets.

Mr Eric Van Steen, 38, senior manager of Accenture, a consulting firm, goes to the gardens about twice a week.

'The greens, with the breeze and the great views, make it a pleasant space to step out of the office to clear the mind,' he says.

Newton Suites, developed by UOL Group, also has a 100m wall of vertical greenery on the 36-storey tower.

Architect Chan Ee Mun from award-winning firm Woha, which designed the Newton Road condo, says 'elevated gardens bring nature closer to the residents and afford the luxury of greenery that was previously reserved only for landed living'.

The greenery absorbs sunlight and carbon dioxide emissions and helps create oxygen. Mr Chan adds that by planting vertically, 'we are also populating our dense urban centres with gardens and greenery that encourage a thriving biodiversity'.

Newton Suites resident, financial consultant Mona Honegger, 43, lives on the ninth storey but regularly goes up to the lush sky terrace on the 31st storey to revel in the unblocked views of the city.

The Swiss expat, who enjoys a drink and relaxes there before bedtime, says: 'Being here among the green gives me a feeling of being close to nature.'

[email protected]


The high life

Icon

A sky terrace on the 31st storey provides private seating areas, with hot tubs from which users can enjoy unblocked views of the city and the sea and floating birdcage swings.

http://www.straitstimes.com/STI/STIMEDIA/image/20090508/top3.jpg

Lush greenery to block out prying eyes creates pockets of private space.

On the seventh storey is a pool deck featuring green 'islands'. The use of trees and plants gives the deck a tropical resort feel.

http://www.straitstimes.com/STI/STIMEDIA/image/20090508/top4.jpg
-- PHOTOS: ASHLEIGH SIM, JOYCE FANG, SHAHRIYA YAHAYA, CAPITALAND, JTC CORPORATION


RiverGate

http://www.straitstimes.com/STI/STIMEDIA/image/20090508/top5.jpg

This 545-unit condomnium near River Valley Road offers residents 45 sky gardens with views of the city, Singapore River and the South China Sea. The sky gardens are made up of a series of public and private gardens and balconies. There are trellises on which creepers grow so residents can feel close to nature.


Newton Suites

http://www.straitstimes.com/STI/STIMEDIA/image/20090508/top6.jpg

This award-winning condominium boasts sky terraces surrounded by lush greenery, giving residents a garden-in-the-sky feel. There is also a 100m-tall green wall along the 36-storey block.


HDB roof gardens

http://www.straitstimes.com/STI/STIMEDIA/image/20090508/top7.jpg

Some lucky HDB flat dwellers are also enjoying skyrise greenery. In 2003, the Housing Board and National Parks Board started a pilot project to green the roof of a multi-storey carpark in Punggol.

These rooftop gardens not only keep the surround- ings cool but are also pleasing to look at for neighbouring residents.

The one on the left is at Toa Payoh Lorong 2. Other rooftop gardens on carparks can be found in new housing estates such as Punggol, Sengkang and Sembawang.


Fusionopolis

http://www.straitstimes.com/STI/STIMEDIA/image/20090508/top8.jpg

This science and technology centre, developed by JTC Corporation, boasts 13 sky gardens which are open to the public. The sky gardens have water features amid the lush greenery, with clear views of the surroundings.


Citylights

http://www.straitstimes.com/STI/STIMEDIA/image/20090508/top9.jpg

Taking a leisurely stroll is an elevating experience at this 600-unit condo near Lavender MRT station. Residents have a lush high-rise pool deck and a sky terrace on the 24th floor that has fitness facilities and a jacuzzi plus reading and yoga corners.

proud owner
11-05-09, 14:59
citylights is located at a junction ...

hows the noise level ??

jasonlcl
11-05-09, 19:58
citylights is located at a junction ...

hows the noise level ??

Can't really hear much noise if the windows are closed. I stay in very high floor..

blackswan
11-05-09, 23:18
Used to really like that place as its super convenient from my workplace.
I also happen to park my car there to take the train to work. Imagine 1 stop to bugis, 2 stop to city hall and 3 stop of raffles place. If I want to go to Suntec/Marina, flag a cab and will be there in no time.

Near to major expressway like PIE/KPE/CTE.

Problem is when arrange for a few visit at around 30 - 38 floor, can still hear the "hong, hong, hong" sound which is the overall sound of the traffic below from the junction. Dusty wise, not so sure.

another think to note is that the traffic towards eminent plaza is very jam (of course orchard road also very jam, sama sama everywhere).

However, most importantly,to me, too many budget hotels liao. Somemore, one new hotel coming up directly outside MRT!!! (not sure whether budget or not).

As some mention casket, IHMO, not really a problem as its really a distance away (dun believe can walk from Citylights to SC)

proud owner
12-05-09, 14:14
Can't really hear much noise if the windows are closed. I stay in very high floor..

thanks for your input ..

gfoo
06-08-09, 09:01
a unit on the #3x floor non bay facing has now reached $14xx psf, and is supported by bank valuation! seems like banks are raising their valuations for resale props in line with the developer launches

thomastansb
06-08-09, 10:53
No one will buy one. 1400psf. But I just hope it will keep going higher so I can sell my sail away. Hopefully can sell 3k psf. Hahaha. 100% returns.


a unit on the #3x floor non bay facing has now reached $14xx psf, and is supported by bank valuation! seems like banks are raising their valuations for resale props in line with the developer launches

proud owner
06-08-09, 20:18
a unit on the #3x floor non bay facing has now reached $14xx psf, and is supported by bank valuation! seems like banks are raising their valuations for resale props in line with the developer launches

i heard that OCBC is the most aggressive in terms of matching valuation for resale older projects..

apparently they have alot of $$ and they need to build their portfolio again ... hence matching higher ..

according to one of my sources .. so far most if not all who bought new launched are HDB upgraders...

they 'cannot' afford to buy older, bigger units ...apart from the amount, mainly becos the valuation are much lower than selling price..hence they need to fork out more cash ..

my fear is ..Once all the upgraders have completed upgrading .. who is left to buy in the current resale/subsale ?

soon all the 'sold out 'projects will be out for subsale too .. but who is going to 'upgrade' further ?

i fear when most upgraders are gone ..mkt will fall ..cos now everyone has 1, maybe 2 units .. (a HDB and a private) ...

unless of course foreign suckers come in and buy ..

but will they buy mickey mouse units ?

teddybear
06-08-09, 20:33
Go back to statistics and we would not be surprise that the HDB upgraders are a formidable force! 85% of property dwellers are living in HDB, only 15% properties are condos and landed. With HDB prices at historical high and gap between HDB prices and mass market property prices at historical low, we just need 15% of those HDB dwellers to upgrade and there is not even enough supply to cater to them! No wonder property prices keep shooting up!


i heard that OCBC is the most aggressive in terms of matching valuation for resale older projects..

apparently they have alot of $$ and they need to build their portfolio again ... hence matching higher ..

according to one of my sources .. so far most if not all who bought new launched are HDB upgraders...

they 'cannot' afford to buy older, bigger units ...apart from the amount, mainly becos the valuation are much lower than selling price..hence they need to fork out more cash ..

my fear is ..Once all the upgraders have completed upgrading .. who is left to buy in the current resale/subsale ?

soon all the 'sold out 'projects will be out for subsale too .. but who is going to 'upgrade' further ?

i fear when most upgraders are gone ..mkt will fall ..cos now everyone has 1, maybe 2 units .. (a HDB and a private) ...

unless of course foreign suckers come in and buy ..

but will they buy mickey mouse units ?

proud owner
06-08-09, 20:41
Go back to statistics and we would not be surprise that the HDB upgraders are a formidable force! 85% of property dwellers are living in HDB, only 15% properties are condos and landed. With HDB prices at historical high and gap between HDB prices and mass market property prices at historical low, we just need 15% of those HDB dwellers to upgrade and there is not even enough supply to cater to them! No wonder property prices keep shooting up!

you may be right ..

but i do know quite a few of my banker friends are all exiting ... selling their 'investment' condos .. keeping only the landed house ..

lets put it this way .. why didnt the upgrader buy in 2006/7 ?
why now ?
did they have more cash now than then ?

dont mean to be sarcastic but i feel majority of them are buying on Herd Instinct ... repeating anything they hear ..

the moment those in front turn the corner ..all will follow .. like a school of fish .. all they see and need to do is follow the one in front ..

and thats really scary ...

then again, we do need them .. to help us exit ...

sleek
06-08-09, 20:44
Go back to statistics and we would not be surprise that the HDB upgraders are a formidable force! 85% of property dwellers are living in HDB, only 15% properties are condos and landed. With HDB prices at historical high and gap between HDB prices and mass market property prices at historical low, we just need 15% of those HDB dwellers to upgrade and there is not even enough supply to cater to them! No wonder property prices keep shooting up!

Not to forget that the cash components had been reduced, as CPF is available for the 15% downpayment. :2cents:

proud owner
06-08-09, 20:59
Not to forget that the cash components had been reduced, as CPF is available for the 15% downpayment. :2cents:

a friend of mine used to live in a 4 bedroom HDB in holland area, next to the CC ..2 brothers , father and granny and herself ..
was enbloced and moved to the new 5 room HDB at Dawson area. opposite Queens condo ..

its been some 4 yrs since they moved in .. and the value has been going up .. BUT ..they are still unable to sell and upgrade to a condo ..cos 2 out of the 5 are not working (father+granny) ..she and her bros are saving for their own 'future home' .. and their future homes are a 2 bedroom HDB ..

i beleive this can be a typical example in most HDB families ..

sleek
06-08-09, 21:07
a friend of mine used to live in a 4 bedroom HDB in holland area, next to the CC ..2 brothers , father and granny and herself ..
was enbloced and moved to the new 5 room HDB at Dawson area. opposite Queens condo ..

its been some 4 yrs since they moved in .. and the value has been going up .. BUT ..they are still unable to sell and upgrade to a condo ..cos 2 out of the 5 are not working (father+granny) ..she and her bros are saving for their own 'future home' .. and their future homes are a 2 bedroom HDB ..

i beleive this can be a typical example in most HDB families ..

Yup, always feel that those affected by SERS will end up unable to afford a new unit there. But on the other hand, there's still quite high demand for DBSS and this are costly too. :doh:

teddybear
06-08-09, 21:15
Well, bankers... Mmm, many like to talk big and actually do used to earn big money during good times but I know of many selling their properties at recent low prices to raise money to pay their taxes and for living expenses. :banghead:
Looking at the situation, HDB upgraders didn't buy in 2007 because prices gone up too much while HDB worth too little. On the other hand, current situation is the reverse. If I am them, I also sell my HDB to exchange for private property! (but need to be fast before price go up further). :cheers1:


you may be right ..

but i do know quite a few of my banker friends are all exiting ... selling their 'investment' condos .. keeping only the landed house ..

lets put it this way .. why didnt the upgrader buy in 2006/7 ?
why now ?
did they have more cash now than then ?

dont mean to be sarcastic but i feel majority of them are buying on Herd Instinct ... repeating anything they hear ..

the moment those in front turn the corner ..all will follow .. like a school of fish .. all they see and need to do is follow the one in front ..

and thats really scary ...

then again, we do need them .. to help us exit ...

proud owner
06-08-09, 21:33
Well, bankers... Mmm, many like to talk big and actually do used to earn big money during good times but I know of many selling their properties at recent low prices to raise money to pay their taxes and for living expenses. :banghead:
Looking at the situation, HDB upgraders didn't buy in 2007 because prices gone up too much while HDB worth too little. On the other hand, current situation is the reverse. If I am them, I also sell my HDB to exchange for private property! (but need to be fast before price go up further). :cheers1:


again

why didnt they buy in 2005/6 ??

current situation may be reverse ..but are they truly getting a bigger unit ? or better value ? they are paying a much higher psf compared ti their HDB ..

but they buy are not much bigger than HDB .. they are paying for facilities only ..

they havent yet known the other maintenance costs ..

anyway i shant go further on this ..

i only aim to warn upgraders, especially HDB upgraders acting on herd instinct ..

at the end of the day .. do you think the rich will suffer ? or the middle and lower income group ? who havent the experience and knowledge of this market

of course i do wish them best ..always a feel good factor to upgrade .. but upgrade wisely thats all i can say

PN
06-08-09, 21:37
Not to forget that the cash components had been reduced, as CPF is available for the 15% downpayment. :2cents:

To think of it, CPF monthly deduction cap used to be $6K and employer also contribute similar %. Today it's capped is $4.5k & employer % also lower. I hit my medisave account limit serveral times (withdrawn severals time for my mom operation/hospital bill).

Recently I spoke to some of my juniors in their mid-30s, they have not even reach the medisave account limit as I expected. Compare to us, their monthly total CPF contribution are much lower.

Plus the mass condo has increase from the past 300-400psf to 500-600psf to 800-1000psf. One of them bought a condo at 800psf a few months back. I asked him if he would still buy at 1000psf. The answer is a clear NO as it'll be over his budget.

Plus inflation, cost of living keep going up.

In short,
CPF down down down ....
Inflation up up up ...
cost of living up up up ...
condo price up up up ...
condo size goes from large to medium to small to Super small

One thing to comfort with, Salary is still going up with some brake & cut in between. ie. at a slower rate. And for some unlucky ones, it's up up & down down down

Really pity the younger generations.

proud owner
06-08-09, 21:45
To think of it, CPF monthly deduction cap used to be $6K and employer also contribute similar %. Today it's capped is $4.5k & employer % also lower. I hit my medisave account limit serveral times (withdrawn severals time for my mom operation/hospital bill).

Recently I spoke to some of my juniors in their mid-30s, they have not even reach the medisave account limit as I expected. Compare to us, their monthly total CPF contribution are much lower.

Plus the mass condo has increase from the past 300-400psf to 500-600psf to 800-1000psf. One of them bought a condo at 800psf a few months back. I asked him if he would still buy at 1000psf. The answer is a clear NO as it'll be over his budget.

Plus inflation, cost of living keep going up.

In short,
CPF down down down ....
Inflation up up up ...
cost of living up up up ...
condo price up up up ...
condo size goes from large to medium to small to Super small

One thing to comfort with, Salary is still going up with some brake & cut in between. ie. at a slower rate. And for some unlucky ones, it's up up & down down down

Really pity the younger generations.

i shant mention the industry .. but i know of some ..had their pay cut 40 pct in nov 2008 and then in jan cut anotehr 25 pct ..

teddybear
06-08-09, 22:01
Yes, you are right, the golden words "upgrade wisely". Upgrade wisely and upgrading is never wrong because HDB prices will never fly through the roof as it is no matter how meant for the mass market and if masses' income didn't rise how to expect the price to rise? However, private properties are different animals and there are many more players. Only private properties can make real money (but have to buy at good price lah).


again

why didnt they buy in 2005/6 ??

current situation may be reverse ..but are they truly getting a bigger unit ? or better value ? they are paying a much higher psf compared ti their HDB ..

but they buy are not much bigger than HDB .. they are paying for facilities only ..

they havent yet known the other maintenance costs ..

anyway i shant go further on this ..

i only aim to warn upgraders, especially HDB upgraders acting on herd instinct ..

at the end of the day .. do you think the rich will suffer ? or the middle and lower income group ? who havent the experience and knowledge of this market

of course i do wish them best ..always a feel good factor to upgrade .. but upgrade wisely thats all i can say

teddybear
06-08-09, 22:06
The cruz of this "condo price up up up" is that:

Those who already own condo - They become richer, richer & richer!

Those who still have yet to own condo - The will say: "#%*!)_+! sure drop one lah! How can price keep going up? Where got so many people got money to buy all these condos? All flipping only! They sure die & I can buy over from them cheap cheap!". :banghead:


To think of it, CPF monthly deduction cap used to be $6K and employer also contribute similar %. Today it's capped is $4.5k & employer % also lower. I hit my medisave account limit serveral times (withdrawn severals time for my mom operation/hospital bill).

Recently I spoke to some of my juniors in their mid-30s, they have not even reach the medisave account limit as I expected. Compare to us, their monthly total CPF contribution are much lower.

Plus the mass condo has increase from the past 300-400psf to 500-600psf to 800-1000psf. One of them bought a condo at 800psf a few months back. I asked him if he would still buy at 1000psf. The answer is a clear NO as it'll be over his budget.

Plus inflation, cost of living keep going up.

In short,
CPF down down down ....
Inflation up up up ...
cost of living up up up ...
condo price up up up ...
condo size goes from large to medium to small to Super small

One thing to comfort with, Salary is still going up with some brake & cut in between. ie. at a slower rate. And for some unlucky ones, it's up up & down down down

Really pity the younger generations.

vin002
06-08-09, 23:06
i shant mention the industry .. but i know of some ..had their pay cut 40 pct in nov 2008 and then in jan cut anotehr 25 pct ..

I shall not mention the indusrty as well... I know some have AWS in Dec'08 and 3-6 months bonus in Jan'09 as well!!!

vin002
06-08-09, 23:09
Really pity the younger generations.

I don't think so... Many has high starting pay which we take years of experience to build...

proud owner
06-08-09, 23:18
The cruz of this "condo price up up up" is that:

Those who already own condo - They become richer, richer & richer!

Those who still have yet to own condo - The will say: "#%*!)_+! sure drop one lah! How can price keep going up? Where got so many people got money to buy all these condos? All flipping only! They sure die & I can buy over from them cheap cheap!". :banghead:

i would say PAPER gain ...


since Rivergate selling at 1500-1600 psf .. and Devonshire close to 2000 psf ..

try selling St thomas if you have ..say 2000 psf ? see whats the buyers response ..


trying selling any existing condo ..

teddybear
06-08-09, 23:38
Paper gain can always become realized gain wah!
Rivergate selling at $1500-1600psf already make many owners so happy as most bought at a very much cheaper price.

St Thomas? Not sure who these properties are targeted at but surely not the HDB upgraders. Anyway, St Thomas buyers so rich can buy so expensive property most likely have holding power?

Trying selling existing properties? Can check URA & wow! Many people sold at pretty good prices! -
E.g. Newton One $1595 psf.
Belmond Green $14xx psf.
Rivergate $1800 psf.
Park Infinia $15xx psf.
(Many more examples, please see URA website).


i would say PAPER gain ...


since Rivergate selling at 1500-1600 psf .. and Devonshire close to 2000 psf ..

try selling St thomas if you have ..say 2000 psf ? see whats the buyers response ..


trying selling any existing condo ..

Squall8888
29-09-09, 11:37
Anyone can share what is the maintenance for studio unit, 1+1 and 2 bedders in citylights?

Squall8888
02-10-09, 23:06
1930psf for Icon. Will this drive Citylights to 1600psf like 2007?


ICON GOPENG STREET Apartment 1 2,160,000 1,119 Strata 1,930 Sep-09 :scared-5::scared-5::scared-5:

teddybear
02-10-09, 23:43
As I mentioned before, now data out - Private property prices up a record 15.9%! Ouchhhh!!! :cheers1:


The cruz of this "condo price up up up" is that:

Those who already own condo - They become richer, richer & richer!

Those who still have yet to own condo - The will say: "#%*!)_+! sure drop one lah! How can price keep going up? Where got so many people got money to buy all these condos? All flipping only! They sure die & I can buy over from them cheap cheap!". :banghead:

jwong71
02-10-09, 23:57
As I mentioned before, now data out - Private property prices up a record 15.9%! Ouchhhh!!! :cheers1:

Fortune favour the Brave and the Swift.:D
As well to those with holding power.

Those who own a property become richer and richer,
those without become poorer and poorer with inflation.
Chasing and chasing and settle for one when they really need a roof.
Wahlah buy at higher than before.

This is the biggest meltdown, if wanna-be buyers wan to buy back cheap. PRAY for smthing LAGI BIGGEST correction to take place to buy back at lowest prices. (that u missed in March):D

thomastansb
03-10-09, 00:28
Citylights already hit 1390 psf. 1600 is not far away. Maybe 2 more months will hit 1500? I mean only 110psf away.

Actually, Icon at 19xx psf is having low yield leh. Citylights seems to be a better choice for yield. At recent 13xx psf, rental yield is much better the Icon. Chiong ah ! Buy before it hits 1600psf.

xebay11
03-10-09, 00:37
Chiong ah ! Buy before it hits 1600psf.

What if it drops?

Squall8888
03-10-09, 05:01
I guess the same as March? People thought drop further. Then those who can't afford now just sit there regret and kpkb lor. No risk, no gain. Don't want risk, put $ in savings account and lose to inflation lor.




What if it drops?

jwong71
03-10-09, 10:01
What if it drops?

How much more will it drop?? 5%- 10%?? And surge up to another 15.9%??

As long it doesnt drop 15.9% or more to the previous low,this is still consider as going upward from the March.:D (HEALTHY CORRECTION TO DIP ABIT AND REBOUND TO A HIGHER HEIGHTS)

Anyway cheap deals dont come to the public straight, only to the agents' parents(1st), Siblings(2nd), relatives(3rd), friends(4th), and LASTLY to US (public) at a higher price (MARKET PRICE= PROFITS).

*I bought a unit in Dec08, cash out with profits. Never buy in march, nevertheless bought a unit in June 09. Sitting on paper gains now.
And lastly bought another in Sept 09, also on paper gains.
I doesnt have to buy at the lowest, as long it holds some appreciation value plus paper gains. Im happy:spliff:

jwong71
03-10-09, 10:33
In June, i was also in dilemma like the sideliners, to buy or to wait a dip.

Luckily i took the plunge again like in Dec 08 when there's noone buying properties, if not there wont be a cent of profits to be mention about.
Also the mass market condo are supported by nearby HDB prices as a support level.

What about SGP, doesnt it need to take the developed neighbouring countries properties pricings as a support level too.?? Be it we are in a recession times, or a upward moving market in future.

HK,China, Japan etc.

To the buyers wannabe, if u dont buy in recession time(room for a negotiation).
Are u sure in the future,when market is stable and roaring with life. U wont see more absurd pricings for the properties.?? Or priced even lower.
Is ur bet.

richardsng_era
07-10-09, 21:53
Dear all,

My clients from overseas are coming to Singapore on Mid October to invest in private residential properties. Citylights 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.

Reporter
09-10-09, 13:08
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.'

Squall8888
13-11-09, 09:24
Anyone knows if a 1+1 is as good as a 2 bedrooms? I see the floor plan, just nice for me and my wife. Not much difference IMO. But price are like 200k cheaper based on URA data. So thinking of maybe an upgrade from HDB. How is the prices there?

Reporter
12-01-10, 00:10
Wow! The #41-17 penthouse changed hand.


Citylights
Address ........................ psf .............. Area .......... Price ............ Contract Date
90 Jellicoe Road #34-28 .... $1,342 psf ....... 872 sqft .... $1,170,000 ..... 8-Dec-09
90 Jellicoe Road #38-28 .... $1,380 psf ... 1,851 sqft ... $2,554,000 ..... 7-Dec-09
88 Jellicoe Road #17-22 .... $1,195 psf ....... 721 sqft ...... $862,000 ..... 1-Dec-09
80 Jellicoe Road #10-02 .... $1,102 psf .... 1,442 sqft .... $1,590,000 ..... 9-Nov-09
90 Jellicoe Road #25-28 .... $1,187 psf ....... 872 sqft .... $1,035,000 ..... 5-Nov-09
90 Jellicoe Road #33-31 .... $1,295 psf ....... 678 sqft ...... $878,000 .... 21-Oct-09
88 Jellicoe Road #29-24. $1,385 psf....... 592 sqft ...... $819,000 .... 20-Oct-09
88 Jellicoe Road #30-26 .... $1,268 psf ....... 678 sqft ...... $860,000 .... 16-Oct-09
88 Jellicoe Road #31-26 .... $1,250 psf ....... 678 sqft ...... $847,000 .... 12-Oct-09
86 Jellicoe Road #41-17 .... $1,107 psf .... 3,595 sqft $3,980,000 ..... 9-Oct-09
90 Jellicoe Road #16-28 .... $1,262 psf ....... 872 sqft .... $1,100,000 ..... 8-Oct-09
88 Jellicoe Road #17-23 .... $1,245 psf ....... 926 sqft .... $1,152,000 ..... 7-Oct-09
88 Jellicoe Road #28-26 .... $1,257 psf ....... 678 sqft ...... $852,000 ..... 5-Oct-09

meiti
14-01-10, 21:46
I just got one unit 1 + 1 at $1210psf. Slightly below bank valuation. Quite a good deal.

Squall8888
14-01-10, 22:21
What floor?



I just got one unit 1 + 1 at $1210psf. Slightly below bank valuation. Quite a good deal.

Reporter
14-01-10, 22:25
Citylights already hit 1390 psf. 1600 is not far away. Maybe 2 more months will hit 1500? I mean only 110psf away.

Actually, Icon at 19xx psf is having low yield leh. Citylights seems to be a better choice for yield. At recent 13xx psf, rental yield is much better the Icon. Chiong ah ! Buy before it hits 1600psf.
Aiming for $1,600 psf?
Getting near now!

It's $1,468 psf!
Just $132 psf away.



....................
.................... I just got the latest transactions from my friend who is an agent.

2 bedders #23-30 sold @ 1328 psf
Studio #31-19 sold @ 1468 psf
Studio #31-29 sold @ 1430 psf
....................
....................

Squall8888
30-03-10, 10:00
Nearer now.. $74 psf away from $1600 psf.



thesailowner
Registered User

$1,526 psf just achieved for citylights studio.




Aiming for $1,600 psf?
Getting near now!

It's $1,468 psf!
Just $132 psf away.

Reporter
30-03-10, 12:20
Nearer now.. $74 psf away from $1600 psf.



thesailowner
Registered User

$1,526 psf just achieved for citylights studio.
$1,526 psf?
Wow! Even higher than Southbank's $1,500 psf!

Condorich
30-03-10, 13:28
$1,526 psf?
Wow! Even higher than Southbank's $1,500 psf!

apple for apple... an apartment should be less favourable than a condo. But not necessary so as there are other factors at play. Not surprising to me.

Squall8888
24-04-10, 00:03
thesailowner (http://www.skyscrapercity.com/member.php?u=456658) vbmenu_register("postmenu_55733669", true);
Registered User

Join Date: Aug 2009
Posts: 280




I know some might think this is a joke but my friend told me a high floor studio just sold for $1,611 psf. Another sold at $1,518 psf low floor. Both today's transactions.

Rysk
04-05-11, 20:32
Seems like price continue to edge higher. Even big units achieve at record psf$$ at recent transaction


CITYLIGHTS JELLICOE ROADCondominium 2,830,000 1,841sf 1,538psf
CITYLIGHTS JELLICOE ROADCondominium 2,900,000 1,841sf 1,576psf

DC33_2008
05-05-11, 10:30
Great news!
Seems like price continue to edge higher. Even big units achieve at record psf$$ at recent transaction


CITYLIGHTS JELLICOE ROADCondominium 2,830,000 1,841sf 1,538psf
CITYLIGHTS JELLICOE ROADCondominium 2,900,000 1,841sf 1,576psf

devilplate
05-05-11, 10:32
i tink CL px was a little supressed due to hotel construction next door....finally completed and provide more amenities

3 cheers!:cheers6:

DC33_2008
05-05-11, 10:35
Have you been to food outlets in V hotel? Can get quite a good view from the pool level of SB.
i tink CL px was a little supressed due to hotel construction next door....finally completed and provide more amenities

3 cheers!:cheers6:

devilplate
05-05-11, 10:39
Have you been to food outlets in V hotel? Can get quite a good view from the pool level of SB.

not yet....but its a win-win for sb and cl:D :cheers1:

DC33_2008
05-05-11, 15:18
Is this place under moulmein-kallang grc?
not yet....but its a win-win for sb and cl:D :cheers1:

devilplate
05-05-11, 15:51
Is this place under moulmein-kallang grc?
Yes... Yacoob goodie;)

DC33_2008
05-05-11, 16:17
His team should continue for another 5 years to keep the waterways near this place clean.
Yes... Yacoob goodie;)

taggy
02-06-11, 18:02
Yes... Yacoob goodie;)His team should continue for another 5 years to keep the waterways near this place clean.


CITYLIGHTS JELLICOE ROAD Condominium 1 1,480,000 893 Strata 1,657psf May-11
SOUTHBANK NORTH BRIDGE ROAD Apartment 1 1,000,000 592 Strata 1,689psf May-11
CITYLIGHTS JELLICOE ROAD Condominium 1 928,888 560 Strata 1,660psf May-11

back up again :D

devilplate
02-06-11, 18:16
CITYLIGHTS JELLICOE ROAD Condominium 1 1,480,000 893 Strata 1,657psf May-11
SOUTHBANK NORTH BRIDGE ROAD Apartment 1 1,000,000 592 Strata 1,689psf May-11
CITYLIGHTS JELLICOE ROAD Condominium 1 928,888 560 Strata 1,660psf May-11

back up again :D
Its amazing tat cl n sb commands similar psf in d9,10....
Hdb, cheap furnishing somemore...haha:cheers6:

scsc
02-06-11, 22:16
Its amazing tat cl n sb commands similar psf in d9,10....
Hdb, cheap furnishing somemore...haha:cheers6:

CL & SB definitely have a good expat following.. maybe the healthy rents justified for their pricing

DC33_2008
02-06-11, 22:18
Should continue to move north if the nearby plots are to be sold at higher price.
Its amazing tat cl n sb commands similar psf in d9,10....
Hdb, cheap furnishing somemore...haha:cheers6:

fiat500
02-06-11, 23:29
Its amazing tat cl n sb commands similar psf in d9,10....
Hdb, cheap furnishing somemore...haha:cheers6:
u are right,poor flooring materials used,kitchen cabinets,wardrobe all below par.
the 592sq ft stack 6 has direct west sun somemore. buyer who bought it at 1689psf must be a sun lover.:simmering: :simmering: :simmering: :cheers6:

DC33_2008
03-06-11, 09:25
Cabinents and floor finishings are not a problem. Can replace them with high quality ones. It's the heat that cannot be changed.
u are right,poor flooring materials used,kitchen cabinets,wardrobe all below par.
the 592sq ft stack 6 has direct west sun somemore. buyer who bought it at 1689psf must be a sun lover.:simmering: :simmering: :simmering: :cheers6:

ecimbew
27-07-11, 22:59
Found this picture city lights before it wAs built.

http://www.ura.gov.sg/sales/jellico04sep03/images/aerial.jpg

devilplate
27-07-11, 23:04
Last time i tot gona be vy vy noisy....but when TOP, it was quite ok....

taggy
05-11-11, 09:14
some good news ? ;)

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HDB to transform 25-year old Kitchener Complex (http://business.asiaone.com/Business/News/Story/A1Story20111104-308764.html)

HDB will give the large, 25-year old Kitchener Complex an extensive makeover to transform it into a new lifestyle hub.

The works cover the retail podium and will offer a much wider range of shopping, F&B and retail outlets to serve local residents.

The makeover will encompass the interior and exterior of the building, which comprises two blocks, Blk 808 and 809, and is located at the junction of Horne Road and French Road near the Lavender MRT station.

Click here to find out more!
The facade of the building will be given a fresh and modern look and the open spaces will be landscaped to provide a refreshing garden environment outside the complex.
“Have you planned for your future?"

The new facilities to the complex will include a new 1,066 square metre supermarket at the ground floor of Blk 808 and a new child care centre at the third storey of Blk 808.

More retail shops - 62 units compared with the 46 units currently - will be added at Blk 809, which will also be air-conditioned and installed with escalators.

All tenants will be given a 2-month rent free period to carry out renovation works. For those who might need to move out during the renovation period, the HDB has set aside temporary vacant premises at Eunos Industrial Estate and Kreta Ayer Road.

Eligible tenants who no longer wish to stay at the complex will be given an ex-gratia payment of $60,000 per tenancy.

The makeover is expected to start in the second quarter of 2012 and complete by the third quarter of 2013.

Kitchener Complex will be the latest HDB commercial building to receive a fresh lease of life. It had previously upgraded Joo Chiat Complex, People's Park Complex, Yew Tee Shopping Centre, and Gek Poh Shopping Centre.

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Details Of Bids Received For Sale Of Land Parcel At Lavender Street / Kallang Avenue (http://www.jtc.gov.sg/Sales%20Rental/Government%20Land%20Sales%20Programme/Documents/20111031_DetailsOfBids.pdf)

Land Parcel At Lavender Street / Kallang Avenue
Allowable Development : B1-W
Site Area : 28,348 Sqm
Maximum Permissible Gpr : 3.0 (B1-2.5, White-0.5)
Date Of Launch : 31 August 2011
Date Tender Closed : 27 October 2011

Ranking / Name Of Tenderer / Tendered Sale Price ($) / Tendered Sale Price In $Psm / Gpr ($)
1 / Plc 8 Development Pte Ltd / 218,300,000.00 / 2,566.91
2 / Kentish View Pte Ltd / 163,333,000.00 / 1,920.57
3 / Mapletree Trustee Pte Ltd (As Trustee Of Marina Trust) / 142,091,378.00 / 1,670.80
4 / Vantage Properties Pte Ltd / 130,000,000.00 / 1,528.62
5 / Tg Properties Pte Ltd & Master Contract Services Pte Ltd / 118,988,100.00 / 1,399.14
6 / Oxley Yck Pte Ltd / 117,177,117.00 / 1,377.84

Lovelle
22-04-13, 14:54
2013-04-08 CITYLIGHTS 86 JELLICOE ROAD #XX-XX 8 99 YRS FROM 2004 560 990,000 1,769

1 million coming

thomastansb
22-04-13, 16:09
I thought hit past 1M liao. Highest is 1.05M and about 10 done at 1M and above. Don't scare me leh, I am vested one. Haha...






2013-04-08 CITYLIGHTS 86 JELLICOE ROAD #XX-XX 8 99 YRS FROM 2004 560 990,000 1,769

1 million coming