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CSR vs. Citylights - Property prices

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CSR vs. Citylights - Property prices

Post  City Guy on Wed Jun 09, 2010 7:22 pm

Those investors [eg. Indonesian, etc] and others who are currently bidding up the prices for Citylights are making a grave mistake. At present, Citylights seem to command a slight premium over CSR.

However, they fail to realise that Citylights sits on 99-year Leasehold land while CSR sits on Freehold land. After about 10 years when the development begins to show its age, its value will start to plummet.

Also, it is located on the same street, just a stone throw's away from Singapore Casket, and other [Si Lang Keng].

Don't say we did not tell you...

City Guy

Posts : 5
Join date : 2010-02-27

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Re: CSR vs. Citylights - Property prices

Post  Wong on Fri Jul 02, 2010 1:53 am

but maybe they have better management team?

Wong

Posts : 22
Join date : 2009-12-05

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