Have you been searching for a freehold development that’s close to the central areas of Singapore? City Square Residences may be just the condominium for you! Located in District 8, at Kitchener Link, this 30-storey high development comprises 910 units, showcasing modern and luxurious vibes, with facilities that are set to impress anyone. Let’s get to know more about this condominium.
4 Reasons Why City Square Residences Is Ideal for Families and Working Professionals:
- 1. Specifications and Perks for Own Stay
- 2. Accessibility, Amenities and Recreational Spots
- 3. Schools and Healthcare
- 4. Property Price and Future Developments
- Best Mortgage Rate Across All Banks for City Square Residences
- Buyer's Stamp Duty for City Square Residences
- Additional Buyer's Stamp Duty for City Square Residences
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| City Square Residences | Freehold | 2009 | 1-bedroom 2-bedroom 3-bedroom 4-bedroom | 667 872 1690 1518 | $1,555 |
City Square Residences is designed with clean sleek lines with modern interiors, which are tasteful, taking you to new heights of luxury living. Bay windows installed in the apartments are thoroughly thought of to give you breathtaking views facing the Central Business District (CBD), Rochor River, parks and beautiful landscape incorporating pools and other water features. The range of units offered appeal to any type of buyer – from bachelors to small-sized families.
Living here would mean having fruitful days involving exciting activities. There’s not one but a series of pools, including a 50m lap pool with jacuzzi, kid’s pool with water play equipment and a fun pool with fountain. There are many spots for indoor activities, such as a fully equipped clubhouse with a gymnasium, function room, games room, karaoke room, and even your own private bowling alley! Other facilities BBQ pits, tennis courts, steam bath and more.
2. Accessibility, Amenities and Recreational Spots
There’s no reason why you can’t go eco-friendly as Farrer Park MRT station of the North-East Line is just a three-minute’s walk away from home. Major expressways such as the Central Expressway (CTE) and East Coast Parkway (ECP) are nearby too so commuting to the CBD areas and the Changi International Airport is convenient and easy. It’s a given that this property’s central location ensures great accessibility to other parts of Singapore.
City Square Mall is less than a minute away, offering more than 200 retail stores. It’s also a family-friendly mall – your kids will enjoy the eco-playground, green roof and living maze! Need to grab something in the middle of the night? Mustafa Centre which opens 24 hours every day is just around the corner. Take a five-minute walk to Tyrwhitt Road and explore some interesting eateries, from hawker centres to new trendy cafes.
3. Schools and Healthcare
Perfect for families with children, this property development is situated near numerous schools. Expect to find schools such as LEAP SchoolHouse (1-minute walk), MindChamps PreSchool (three-minute walk), Farrer Park Primary School (800m), Stamford Primary School (900m), Hong Wen School (five-minute drive), Northlight School (1.8km), and St. Margaret’s Primary School (3.8km), within close range.
If you need to see a doctor, you need not worry as driving to these healthcare institutions takes less than 15 minutes: Farrer Park Hospital (three minutes), Kallang Polyclinic (nine minutes), Raffles Hospital (12 minutes), and Parkway East Hospital (16 minutes).
4. Property Price and Future Developments
The price of City Square Residences’ two-bedroom unit (872 sqft, high-level floor) in the past three years:
- January to December 2017 – up to $1,410,000
- January to December 2018 – up to $1,480,000
- January to December 2019 – up to $1,550,000
Since 2017, the property price at City Square Residences has been increasing. We can foresee the price rising over the years, thanks to upcoming developments like more amenities, recreational facilities, community spaces, and public transportation options
Love what City Square Residences has to offer? Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!
Best Mortgage Rate Across All Banks for City Square Residences
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for City Square Residences
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a two-bedroom unit at City Square Residences the price is at $1,550,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $46,600.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $550,000 | 4% | $22,000 |
| BSD Payable | $46,600 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for City Square Residences
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying City Square Residences
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,550,000 |
|---|---|---|
| If City Square Residences is your second residential property | 12% | $186,000 |
| If City Square Residences is your third or subsequent residential property | 15% | $232,000 |
ABSD for Singapore Permanent Resident when Buying City Square Residences
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,550,000 |
|---|---|---|
| If City Square Residences is your first property | 5% | $77,500 |
| If City Square Residences is your second or subsequent residential property | 15% | $232,500 |
ABSD for Foreigners when Buying City Square Residences
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,550,000 |
|---|---|---|
| Foreigners buying any property | 20% | $310,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
Buy your dream home at $0 agent fee!
+65 9755 9283 
hello@ohmyhome.com 
