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Showing posts from August, 2017

Cost of Replacement Property for resident owners...

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How do you get $1.2 billion? Step 1 :  What is an equal replacement in the area for your family/ investment? E.g. Skyline/ The Peak       Freehold       Telok Blangah/ Alexandra area       Their Current Sale Price is  $1,700 - $1,900 per sq ft =   $3.4 - $3.8 million to buy 2000 sq ft TODAY =   $3.8 - $4.2 million to buy 2000 sq ft in 2 year’s time 1 +                                                           +      pay Seller’s Stamp Duty:                            up to 16% 2  for selling Teresa Ville +                                           ...

Personal appeal by a fellow SP - 'Not to allow trivial matters to cloud reasoning...'

To fellow owners who may be considering to sell their homes En-Bloc just because they feel Teresa Ville property has grown “Old” leading to few problems in their apartments. Dear Fellow Teresa Ville Owner, Greetings. As we all are anxious about the process and the outcome of proposed En-Bloc sales of our apartments; lets reflect on few key points which some of us may be considering in our decision making process 1.        Concern: Property is getting old: Our view:      Teresa Ville TOP was in December 1986. That makes its age about 30 years. It is structurally strong with spacious and practical layout apartments, freehold and at a great location. There are ample examples in and around Singapore (you may Google), which indicate that the condominium building can have a life of 50 years at least assuming appropriate maintenance (If we go by the London standard, we can still live in an apartment built in the 19th Century ...