Teresaville Owner's Blog

This informative article contributed by SPs with expertise in areas of Property and Real Estate Businesses is in two parts.  First Part was posted on this blog on Feb 26, 2018 PART II Misleading Information regarding replacement choices presented by Huttons Beware of misleading information about finding a replacement home The property agent, Huttons, has been trying to convince the owners of Teresa Ville that there are many choices to replace your home if you sell your unit at Teresa Ville. They are also trying to convince you that the money received by each owner is more than enough to buy a replacement home of the same quality and size. This is misleading due to the following reasons.. (continued from Part I) - 2. The quality of some of the proposed replacement homes are inferior to Teresa Ville. Quality of Potential Replacement Homes (2.1) Small land area Most of the examples of the condominiums listed by Huttons as potential replacemen...

This informative article contributed by SPs with expertise in areas of Property and Real Estate Businesses is in two parts.  Please visit this blog again in a day for Part II PART I Misleading Information regarding replacement choices presented by Huttons Beware of misleading information about finding a replacement home The property agent, Huttons, has been trying to convince the owners of Teresa Ville that there are many choices to replace your home if you sell your unit at Teresa Ville. They are also trying to convince you that the money received by each owner is more than enough to buy a replacement home of the same quality and size. This is misleading due to the following reasons. 1. Historical prices do not accurately reflect current & future prices of replacement homes Huttons used past sales records of selected condominiums to show that the Teresa Ville owners have many affordable choices after the sale of Teresa Ville at the current l...

Just in case you missed a new comment dated Feb 20, 2018 on earlier article posted on Jan 21, 2018 "  It's rumoured that a ready buyer for the site has been prearranged and probably pricing expectations are being managed to ensure certainty of sale. It is hard to make sense why Hutton and the CSC are suppressing the price down in spite of the obvious facts. So residents need to really make sure that the reserve price is something that makes sense. We should not be selling just to facilitate selling for the residents who are in desperate need to cash out now." Author: Anonymoyus

Dear fellow SPs, It has been brought to our attention that Huttons is distributing a flyer to some SPs containing attempted clarification on few points shared during Tea & Info session  on last Saturday. All of us here are busy fact checking the flyers. Once we have all the correct information, we update everyone. In the mean time, have a joyous lunar new year. We'll be working hard through the long weekend! The Team at Teresa Ville Owners Blog

It was a full house of SPs on Saturday afternoon of Feb 10 in Teresa Ville function room, who responded to the invitation to “Tea & Info” session organized by fellow owners. It indeed was very informative and insightful. We are fortunate to have few subject matter experts among us, who have deep knowledge of process and factors related to En-bloc sales of properties in Singapore. Research and preparation done by these experts and organizers of the session was thorough, relevant and very educational. After listening to the presenters, studying the material presented and sitting through the Q&A part, it emerged very clearly that a quite a few important inputs were either not considered by CSC and the agents or, were just not shared with SPs. Few key takeaways from the session: Potential Value of Teresa Ville Land: 1.        En-bloc sale is about the Land of Teresa Ville, not about selling our building structure or apartment. Hence we shou...

Pacific Mansion in River Valley up for collective sale with S$938m reserve price....   Business Times Feb 6, 2018 Owners of Pacific Mansion (River Valley) set Reserve Price of $938M ($1728 psf, per plot ratio) based on current GFA and implied plot ratio of 3.84, also considering additional 10% bonus GFA; while master Plan Plot Ratio is only 2.8.  Why CSC did not consider all these factors and agreed to Hutton's proposed Reserve Price of only $1350 psf ppr for Teresa Ville?  Teresa Ville Owners have great opprtunity to understand all factors which can significantly maximize Reserve Price, during the "Tea & Info session"  organized by fellow Teresa Ville Owners on Feb 10 at 2.30 PM @function room. Then decide if it really makes sense to sign the CSA with current Reserve Price based on only $1350 psf ppr ?? Read full article here