UPDATE:

Just changed the stabilizer bar bushes at SC and the creaking is gone. It seems this is a common problem for this model City.

I was also STRONGLY ADVISED not to lubricate these bushes or absorber mount and othert parts tht were designed to function dry. It seems they have seen quite a few customers come after using AT205 and other simillar products, where the rubber part degrades terribly after some time and becomes useless. Some others had corrosion and  surface damage on the metal parts and painted surface.

Just be careful and be warned if anyone thinking of trying that stuff out.

No i did not. I'm just sharing the feedback i got from Honda SC when i told them about the AT205 spray recommended by Scotty. Seems it could be dangerous. Just hope everyone will be careful in trying stuff out, itu je.