Property Prices Up by 10% Next Year... Cost of replacement home shall be too high. Think...

Attention all resident owners of Teresa Ville.

 Strong indications are that property prices in Singapore are on the rise. Per below article in Straits Times of September 12, 2017; prices are likely to go up by 10% by next year and may continue the trend thereafter. Resident owners of Teresa Ville need to think how they are going to fund the high cost of replacement property. Hopefully, marketing agents shortlisted by Collective Sales Committee shall propose minimum reserve price of Teresa Ville over $1.2 Billion ( about $1.2M per share value), to finance cost of equivalent replacement and all other associated expenses.


Comments

  1. Residents of TeresavilleSeptember 13, 2017 at 1:17 AM

    😱😱

    ReplyDelete
  2. AnonymousSeptember 13, 2017 at 1:33 AM

    Agree ... prices are definitely going up. Money from En-Bloc sales proceeds do not come in bank so fast. It may take long time. By then property prices for replacement home would be much higher. SPs must consider future buying price of equivalent replacement property, before accepting a Reserve Sales Price, which may look reasonable based on today's prices.. Marketing agents are unlikely to educate SPs on such issues e.g. inflation in property prices, hassles and hidden costs of buying a second property etc.. Be careful..

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