City Gate Prices
Indicative City Gate prices are as follows. Comparable market prices can be seen below.
CITY GATE CONDO PRICING
Indicative City Gate condo prices showing pricing for lowest floor vs 18th floor units.
|Area (sq m)||Area (sq ft)||Indicative
Start Price *
for 18th Floor *
|1 Bedroom||43||40 – 42 sm||431 – 452 sf||From $798K||Approx. $948K|
|2 Bedroom||42||52 – 53 sm||560 – 570 sf||From $998K||Approx. $1.178m|
|2 Bedroom Dual Key||174||63 – 99 sm||678 – 1,066 sf||From $1.18m||Approx. $1.388m|
|3 Bedroom Dual Key||44||84 – 85 sm||904 – 915 sf||From $1.48m||Approx. $1.75m|
* Please note that the indicative City Gate condo prices above are preliminary for the VIP Preview only, and subject to change without notice.
CITY GATE SHOPS PRICES
Commercial Unit Types
|Description||No. Units||Area (sq m)||Area (sq ft)||Indicative PSF||Indicative Price Range|
|Shops||157||26 – 67 sm||280 – 721 sf||See table below||Approx. $1.7m – $4m|
|Restaurants||29||42 – 97 sm||452 – 1,044 sf||See table below||Approx. $2m – $5.5m|
|Supermarket||1||347 sm||3,735 sf||$3,000 – $3,500||Approx. $11m – $13m|
|Food Court||1||436 sm||4,693 sf||$3,300 – $3,900||Approx. $15m – $18m|
Indicative City Gate Prices for Commercial Units
|Level / Type||Rank 1 Indicative||Rank 2 Indicative||Rank 3 Indicative|
|Basement (The Xchange) :: Retail||$4,000 – $4,800 PSF||$3,500 – $4,200 PSF||$2,900 – $3,500 PSF|
|Basement (The Xchange) :: F&B||$3,800 – $4,500 PSF||$3,500 – $4,200 PSF||$2,900 – $3,400 PSF|
|Level 1 (The High Street) :: Retail||$5,200 – $6,200 PSF||$4,500 – $5,300 PSF||$3,800 – $4,300 PSF|
|Level 1 (The High Street) :: F&B||$5,500 – $6,500 PSF||$5,000 – $5,800 PSF||$4,000 – $4,500 PSF|
|Level 2 (The Link) :: Retail||$4,700 – $5,500 PSF||$4,000 – $4,800 PSF||$3,200 – $3,800 PSF|
|Level 2 (The Link) :: F&B||$5,000 – $5,500 PSF||$4,300 – $5,300 PSF||$3,800 – $4,500 PSF|
Please note that above price ranges are indicative only, and subject to change without notice at developer’s discretion.
Please drop me an email below if you would like to discuss pricing details.
City Gate Prices · Comparables
CITY GATE CONDO PRICES
The nearest and closest comparable is Duo Residences, around 400m down Beach Road. Duo is also a mixed development comprising a shopping podium, above which are a residential tower on one side, and a hotel and office tower on the other, and similarly connected to an MRT station.
Recent transactions for Duo condo units in the last 6 months ranged from around $2,100 PSF for a low floor unit, to around $2,560 for a very high floor unit. Comparing, City Gate condo price range for the 18th floor is around $1,9xx to $2,1xx PSF, but starts from around $1,6xx to $1,8xx PSF for the lowest floors.
City Gate condo units come with a furniture deck in one of the bedrooms. So the 1 bedroom unit is equivalent to a 1 + Study, the 2 bedroom unit is equivalent to a 2 + Study, and so on. Enhances the rental value.
CITY GATE SHOPS PRICES
City Gate offers a rare opportunity to invest in commercial shop / F&B space in a central location, as most other mixed developments in the city (like Duo) keep their commercial space for lease and do not offer them for sale.
City Gate Prices · Investment Potential · Transformation in Progress
“Located at the northern gateway to the CBD, the Beach Road / Ophir-Rochor Corridor is a unique location for new mixed-use developments set in a lush landscaped park-like environment with direct and easy access to the rest of the city.”
(quote : URA website)
The URA masterplan for the transformation of the Beach Road / Ophir-Rochor corridor envisions new major landmark developments that will transform the city skyline, offering upmarket addresses and spectacular views out across the city.
These new mixed-use developments will offer an integrated 24 x 7 Live, Work & Play lifestyle that will create a vibrancy within a lushly landscaped environment, right in the heart of the city, forming part of Kallang Riverside and the Greater Marina Bay District.
City Gate being one of the first of these developments, is expected to reap rich capital appreciation benefits along with the transformation of Kallang Riverside.
City Gate Condo Prices · City Gate Shop Prices · VIP Preview
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