Teresaville Owner's Blog

Excerpts from Morgan Stanley Research. Singapore Economics & Property.. April 2017 Property Prices Inflecting and On Track to Double by 2030 The economy is seeing a cyclical uptick and we expect a home price inflection in 2018. This sets the stage for developer stocks to rerate over the next 12 months. Longer term, we expect the economy to outperform developed market peers' and property prices to double by 2030. Why property market trends matter : Given the high home ownership rate, residential property is the most important asset class for most households, comprising 45% of household assets in 2016. The trajectory of property prices has knock-on implications for stock market performance, household balance sheets and sentiment. In this report, we lay out our views on the near- and longterm outlook for the Singapore economy and property market, integrating our macro top-down view on the economy with our bottom-up sectoral view. Inflection in home prices ...

The reason: Their payout is not enough to buy similar-size units in same area due to rising prices By Ng Sook Zhen & Kausar Shaik -  Straits Times June 16 2007 TWO weeks ago, retiree Albert Ng received $660,000 from the collective sale of his 1,700 sq ft Waterfront View apartment in Bedok. However, the 65-year-old former port executive is not happy. 'It's a miserable price we are selling at, in a bullish market. You can never get the same thing for this price now,' he said. With his homemaker wife and daughter, he will downgrade to a 1,000 sq ft apartment in Katong, which costs over $450,000. Mr Ng is not alone. In a poll of 40 owners and tenants from properties that are up for collective sale, half of them said they would downgrade when they move out of their homes. They live in estates such as Sophia Court in Dhoby Ghaut, Nathanville off River Valley Road, The Orange Grove off Orchard Road, Minton Rise in Hougang and Waterfront View in Bedok Reservoir Road. Similarl...

Independent Observations/ Reflections of a fellow SP who attended EOGM on October 15, 2017 Agenda & Presentation : A marked improvement compared to the first EOGM. Meeting agenda was sharp with less ambiguity. Fellow SP and one of the CSC members who presented the slides to explain the flow of decision making for zeroing on the short list did a good job, despite the slides being busy with lots of figures and text. Well done.   The Shortlist : It was disappointing to see that none of the top property firms made to the short list. As per CSC, they invited 11 property firms to present their candidature but only 5 responded. It was not clear which 5 firms responded, but it was clear that bigger firms chose not to respond. It was intriguing as to why there was no interest of big property firms in a rare freehold good location property like Teresa Ville?  There may be factors like unavailability of resources etc. in some firms, but absence of all big names in short...

A recent article in "All Singapore Stuff", an independent popular news portal.  Click on the link below to read the article - When is Enbloc bad news ?

Post submitted by a fellow SP: On 15 th October, we as SPs will have to vote and appoint the Marketing Agent and Solicitor for the collective sale of Teresa Ville. As an SP, it is in our best interest to read up on the candidates and make a decision that will allow us to get the best price for the collective sale. At the 3 rd CSC meeting, as recorded in the minutes, the CSC has decided to NOT provide information on the short-listed marketing agent and law firm candidates. Despite sending emails to the CSC for contact information and the shortlist via the Management Office on 14 th Sep and 24 th Sep 2017 respectively, there has still been no reply from them. Dear fellow SPs: If you are interested in the information, you can send the email below to the management office (info@teresaville.com) and ask them to forward it to the Collective Sales Committee. Once the information becomes available, it will be submitted to this blog.