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Thread: Citylights (D8, 99 year leasehold, Capitaland)

  1. #1
    Intrepid Explorer 2.0 Guest

    Default Citylights (D8, 99 year leasehold, Capitaland)

    Some graphics from brochure:










    Showflat:





















    Last edited by Intrepid Explorer 2.0; 30-08-06 at 03:15.

  2. #2
    Intrepid Explorer 2.0 Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)
















  3. #3
    Join Date
    Nov 2006
    Posts
    24

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Has anyone got comments on the investment value of this property?

  4. #4
    aspiring landlord Guest

    Talking Re: Citylights (D8, 99 year leasehold, Capitaland)

    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.

  5. #5
    Join Date
    Oct 2006
    Posts
    2

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    >>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?

  6. #6
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    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.

  7. #7
    Join Date
    Oct 2006
    Posts
    2

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    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.

  8. #8
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Citylights will be blocked by Southbanks on the view and geylang view which is not blocked is not very disireable.

  9. #9
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    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"

  10. #10
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    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.

  11. #11
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    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.

  12. #12
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by maverick713
    >>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

  13. #13
    Showroom Hopper Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    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.

  14. #14
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Showroom Hopper
    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?

  15. #15
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    Is that all that is left? how abt 3/4 bedrooms?
    Sub sale only. Wanna buy?

  16. #16
    CityLights Guest

    Cool Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    Sub sale only. Wanna buy?
    What is the rental expectation for 3 rooms?

  17. #17
    rental Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    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.

  18. #18
    nice pic Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)


  19. #19
    DTZ Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    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

  20. #20
    Registered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    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.

  21. #21
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by nice pic
    Citylights NO1

  22. #22
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    The one in the water is nicer.

  23. #23
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    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.

  24. #24
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    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

  25. #25
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    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.

  26. #26
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    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?

  27. #27
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    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?

  28. #28
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    No. With a aqua chinese pimp like you, who wants chinese prostitutes?
    Aqua? You mean sissy?

  29. #29
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    Quote Originally Posted by Unregistered
    Aqua? You mean sissy?
    Aqua is referring to the cartoon Aquaman, the hero that kill half man half woman.

  30. #30
    Unregistered Guest

    Default Re: Citylights (D8, 99 year leasehold, Capitaland)

    It looks hot and sunny

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