Citigate Residence

Citigate Residence is a freehold apartment completed in 2010. It is developed by SPRINGLIFE CAPITAL PTE LTD. The development occupies a land area of 572 sqm and a Gross Floor Area of 1,715 sqm. It consists of 28 units. According to records, buyers of this development are Singaporean 79.7%, PR 13.6%, Foreigner 5.1%, Company 1.7%.

CITIGATE RESIDENCE is located along Rangoon Road in Kallang, in District 8. It is accessible through the nearest MRTs including Farrer Park NE8 and Boon Keng NE9.

Based on transaction data in the last 12 months, sale prices range from S$ 1,437 psf to S$ 1,508 psf at an average of S$ 1,473 psf. Its highest recorded transaction was S$ 1,589 psf in Apr 2013 for a 614-sqft unit. Its lowest recorded transaction was S$ 796 psf in Jul 2015 for a 753-sqft unit. Its current rental yield is at 4.5%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, PAN PACIFIC INTERNATIONAL HOLDINGS PTE. LTD., and 3 Shopping Mall(s): City Square Mall, Mustafa Centre, Shaw Plaza.

Buyers and tenants are attracted to District 8, which includes Farrer Park, Little India and the area around Serangoon Road. A large proportion of Little India and Farrer Park’s properties are shophouses zoned as commercial/residential, with commercial on the ground floor and homes or apartments above. The area around Serangoon MRT is particularly well served by public transport as Serangoon MRT is an interchange between the Circle Line and North-East Line, and it is also connected to the Serangoon Bus Interchange. Additionally, Little India MRT has links to both the North-East Line and Downtown Line. The large numbers of shophouses in District 8 offers a quaint and unique boutique experience to discerning shoppers looking for a break from the generic, sprawling malls. The district's shophouses are becoming increasingly popular as investment properties, too, especially to investors looking to benefit from their relative scarcity in Singapore and their proximity to the Downtown Core.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.