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Thread: City Gate

  1. #11
    Amber

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    Quote Originally Posted by henryhk View Post
    Yes.cheers! I already say ABSD does not really deter people from buying, ...tose who want to buy will buy, tose who don't want to commit, will forever never buy...tis is human.
    ABSD has to be paid outright using cash and not part of the LTV. Hence it affects buying decision.

  2. #12
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    Default March 2015 1,681 psf or $1.52 for #08 : nice number 904 sq ft : no change in price ?

    Quote Originally Posted by Mikey88 View Post
    High flr..facing Arab street
    Offered them 1.5xx...below their star buy price��
    Took them 30 mins to ponder before they accepted my offer..
    Followed me back to my plc to collect cheque��
    Heard all the star buy units sold..
    Raised their price this week..

    13 Mar 2015 371 Beach Road #08-11 New Sale 904 Strata 1,681 1,520,000 Private
    12 Aug 2014 371 Beach Road #12-11 New Sale 904 Strata 1,720 1,555,500
    Attached Images Attached Images

  3. #13
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    Quote Originally Posted by Amber Woods View Post
    ABSD has to be paid outright using cash and not part of the LTV. Hence it affects buying decision.
    Precisely ..told them about my predicament ..
    Most importantly , must show your sincerity and utmost interest in their project..
    Like that then the IC will surely fight for ur asking price..
    Forgotten to mention..
    My agent took a cut from his comm to fight for my asking price ..
    Last edited by Mikey88; 17th June 2015 at 05:21 PM.

  4. #14
    Amber

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    Quote Originally Posted by Mikey88 View Post
    Precisely ..told them about my predicament ..
    Most importantly , must show your sincerity and utmost interest in their project..
    Like that then the IC will surely fight for ur asking price..
    Forgotten to mention..
    My agent took a cut from his comm to fight for my asking price ..
    In the first place you are prepared and have the cash to pay for the ABSD so you bargain for a discount.

    To some other people they are not prepared (or do not have enough cash upfront) to pay outright for the ABSD despite the discounted price. This is the group of people "affected" by the ABSD.

    In fact you belong to the group of people not affected by ABSD because you have the cash to pay upfront.

  5. #15
    Mercedes Lover

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    Yes they have already raised the psf by a fair bit since last year, but also intro some star-buys this year. Good that this project is moving v well. Now they r focussing on clearing the 3bdr- DK units.

  6. #16
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    Just received sms from my agent ...
    #22 now priced @ $1.614 mil.. No Nego like last time..heehee
    85% sold liao,so now they can relax ...

  7. #17
    propertypassion

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    Hi Mickey88, indeed City Gate Residential units are almost 85% sold. 1Bedroom & 2Bedroom(except dualkey) Fully Sold.

    The following are the stacks that are fully sold or limited units left:

    Stack 01 Fully Sold
    Stack 03 Fully Sold
    Stack 04 Last 2 Units left (#27-04 & #28-04)
    Stack 05 Fully Sold
    Stack 07 Last 3 units left (#27-07, #28-07 & #29-07)
    Stack 08 Last 3Bedroom Penthouse (#30-08)
    Stack 09 Last 2 units left (#28-09 & #29-09)
    Stack 13 Fully Sold
    Stack 14 Last 3Bedroom Penthouse (#30-14)

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  8. #18
    Insights Advocator

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    Default Awesome performance for City Gate - Residential but not commercial.

    http://www.propertyguru.com.sg/prope...ndo-units-sold

    According to this Property Guru report, City Gate residential is nearly sold out at around 99%.

    On the other hand, the commercial units are not doing so well since its launch in 2014. I believe this has to do with the location of this project which did not have adequate human traffic potential. Other than Haji lane, there is really not much going around this area.

    For those staying/renting there in the future, the shops will definitely be a plus for them. If there are too many empty commercial units, it might affect the residential pricing. There is nothing stopping the developer from renting the empty units out although they are being put for sale? How does it work?

    2 cents
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  9. #19
    Newbie

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    update on Citygate

    yes .. residential is almost fully sold
    we left with 4 "Suites on 30 collection" (AKA penthouse)

    below are the list
    3 bed PH (level 30) from $2,188,000 (starbuy) - $1799psf
    4 bed PH (levle 30) at $2,996,000 (starbuy) kampong glam view !! - $1,796psf

    retail shop (basement 1) from $1,241,000 (starbuy)

    retail shop (level 1 ) from $1,762,000

    PM or sms me at 91529511 for more detail.

    Show gallery have been relocated due to the construction going on at Citygate (keypoint)

  10. #20
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    Collecting keys?

    I hope this development will be the spark of vibrancy to the other end of Beach Road which badly needs more new building to be up.

    What will be the projected rental like for 1 and 2 bedder? Just curious.

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