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.