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

  1. #41
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    Good than the price will fall to $500psf and i will buy.
    I think $400psf is a better reflection of the project.

  2. #42
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    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.

  3. #43
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    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.

  4. #44
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    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.

  5. #45
    Unregistered Guest

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

    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.

  6. #46
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    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.

  7. #47
    East Mints Guest

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

    Quote Originally Posted by Unregistered
    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...

  8. #48
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    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.

  9. #49
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    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)

  10. #50
    Unregistered Guest

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

    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.

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