{"id":102427,"date":"2018-12-20T10:02:01","date_gmt":"2018-12-20T03:02:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/citygate-receives-top-now-ready-for-occupation\/"},"modified":"2018-12-20T10:05:31","modified_gmt":"2018-12-20T03:05:31","slug":"citygate-receives-top-now-ready-for-occupation","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citygate-receives-top-now-ready-for-occupation\/","title":{"rendered":"CityGate receives TOP, now ready for occupation"},"content":{"rendered":"


\nLocated along Beach Road, the CityGate project offers waterfront views of the Kallang River.
\nProperty buyers and investors can now use their condominium units or commercial premises at the CityGate project in District 7, according to an SGX filing on Wednesday (19 Dec).
\n\u201cBayfront Ventures, a 50:50 joint venture between Aspial Corporation and Fragrance Group has obtained Temporary Occupational Permit (TOP) for CityGate,\u201d said Aspial Corp.
\nRead our\u00a0Step-by-Step Guide\u00a0to buying a condo
\nThe 99-year leasehold development comprises 311 condos and 157 shops. It also contains 29 restaurants, a food court and one supermarket. Located along Beach Road, the project is within walking distance to three MRT stations \u2013 Nicoll Highway, Lavender and Bugis.
\n\u201cThe group will utilise part of the proceeds from the TOP to fully pay off the existing loans for CityGate and reduce its debt accordingly. After paying the existing debt for CityGate, the group expects to receive net cash proceeds from the TOP.\u201d
\n\u201cThe group also expects to receive the Certificate of Statutory Completion (CSC) and Subsidiary Strata Certification of Title (SSCT) in the next six months,\u201d noted the company.
\nAspial revealed that the balance proceeds from the TOP and proceeds from the CSC and SSCT will be utilised as the group\u2019s working capital. It also plans to buy in the open market some of its existing bonds\/notes either issued under a retail offering or through the firm\u2019s $700 million Multicurrency Debt Issuance Programme. This may include but is not limited to those maturing in 2019 and 2020.
\nEstimate your maximum property affordability with our\u00a0Affordability Calculator
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CityGate receives TOP, now ready for occupation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located along Beach Road, the CityGate project offers waterfront views of the Kallang River. Property...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102427","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qE3","jetpack-related-posts":[{"id":71358,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aspial-corp-records-7-51m-in-earnings-in-9m-2017\/","url_meta":{"origin":102427,"position":0},"title":"Aspial Corp records $7.51m in earnings in 9M 2017","date":"November 9, 2017","format":false,"excerpt":"\r Aspial Corporation\u2019s net profit soared by more than five-fold to $7.51 million in 9M 2017 compared to $1.38 million in the same period a year ago, revealed an SGX filing on Wednesday (8 November). However, the jewellery seller and property developer\u2019s revenue declined by 19 percent from $440.85 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109242,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citygate-outlets-set-to-become-more-family-friendly-as-second-phase-expansion-opens\/","url_meta":{"origin":102427,"position":1},"title":"Citygate Outlets set to become more \u2018family friendly\u2019 as second phase expansion opens","date":"July 23, 2019","format":false,"excerpt":"\r Citygate Outlets, the city\u2019s only full scale outlet mall in Tung Chung, will open its phase two development next month, in an expansion that will bolster shopping, dining and entertainment amenities, raising the mall\u2019s appeal as a destination for families.\r\rThe second phase, on track to open 20 years after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swires-q3-retail-mall-sales-improve-as-new-outlets-activities-attract-shoppers\/","url_meta":{"origin":102427,"position":2},"title":"Swire\u2019s Q3 retail mall sales improve as new outlets, activities attract shoppers","date":"November 11, 2016","format":false,"excerpt":"\r Swire Properties said the declining sales at its three shopping malls in Hong Kong have bottomed out in the third quarter, as new restaurants, retail outlets and creative in-mall entertainment attracted shoppers and improved pedestrian traffic. Sales at Pacific Place mall in Admiralty fell 15.3 per cent in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87099,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-first-quarter-malls-sales-post-increases-as-tourists-returned-to-hong-kong\/","url_meta":{"origin":102427,"position":3},"title":"Swire Properties\u2019 first-quarter malls sales post increases as tourists returned to Hong Kong","date":"May 4, 2018","format":false,"excerpt":"\r Swire Properties said retail sales at the shopping malls under its management gained in the first three months of the year, as increasing tourist arrivals spilled over to higher shopping bills. First-quarter retail sales jumped by 25.9 per cent at The Mall at Pacific Place in Admiralty, rising 11.7\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118599,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-malls-lay-out-discounts-promotions-and-giveaways-to-lure-shoppers-to-spend-and-salvage-slumping-sales\/","url_meta":{"origin":102427,"position":4},"title":"Hong Kong\u2019s malls lay out discounts, promotions and giveaways to lure shoppers to spend and salvage slumping sales","date":"September 12, 2020","format":false,"excerpt":"\r Hong Kong\u2019s shopping centres are rolling out various promotions and discounts to attract shoppers back, as city authorities begin a gradual process to relax some of their social-distancing rules amid positive signs that the spread of the infectious Covid-19 disease is easing.New World Development\u2019s K11 Musea, Swire Properties\u2019 Pacific\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aspial-corp-to-list-property-arm-in-singapore\/","url_meta":{"origin":102427,"position":5},"title":"Aspial Corp to list property arm in Singapore","date":"May 18, 2017","format":false,"excerpt":"\r Aspial Corp carries out its property development business in Malaysia and Australia through World Class Global\u00a0which unveiled three projects for sale \u2013 Melbourne\u2019s AVANT residential project (pictured), Australia 108 condominium and Nova City in Cairns. 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