Teresaville Owner's Blog

Article published in Edge Properties on July 5 Click on the link below or read on... Rise of the ‘en blockers’ The EdgeProp 360+ event, “En bloc vs En block”, on the evening of July 5 drew a packed audience. It coincided with the announcement of a new round of property cooling measures that would come into effect the following day. The measures would have the biggest impact on collective sale deals. It was clear that some owners were getting cold feet as one of the questions raised during the panel discussion was whether one could rescind the collective sale agreement in the light of the latest cooling measures. According to Adrian Tan, TSMP Law Corp’s partner of dispute resolution, there is generally a five-day cooling-off period after signing the agreement to give the go-ahead for the collective sale. However, beyond the five-day period, if there is “a fundamental change in circumstances”, one could also rescind the contract, he says. For example, an owner was co...

Article Published in Channel News Asia on July 5, 2018 Click on link below or read on... https://www.channelnewsasia. com/news/singapore/singapore- property-cooling-measures- higher-absd-rates-loan-limit- 10502710 SINGAPORE: The Government announced on Thursday (Jul 5) that it is raising Additional Buyer Stamp Duty (ABSD) rates and tightening loan-to-value (LTV) limits on residential property purchases, in an effort to "cool the property market and keep price increases in line with economic fundamentals". The move comes several days after official data showed that private home prices had risen to its  highest point in four years  in the April to June quarter, with analysts predicting that prices could soon recover to 2013 peak levels. ​“The government has been monitoring the property market closely. We are very concerned that prices are running ahead of economic fundamentals," said Mr Lawrence Wong, Minister for National Development on Thursday. ...

Article published in TODAY on July 2, 2018.  Click on the link below or read on ... http://bit.ly/2MFxUHa SINGAPORE — Private home prices jumped to the highest in four years, based on flash estimates from the Urban Redevelopment Authority (URA) released on Monday (July 2). URA data showed that prices went up 3.4 per cent between April and June, following a 3.9 per cent increase in the previous quarter. Overall, the private residential property index increased 4.9 points from 144.1 points in the first quarter to 149 points in the second quarter. This is the highest since the second quarter of 2014, when the index was 149.7 points. Prices of non-landed private residential properties in the Rest of Central Region (RCR) led the way — increasing by 5.7 per cent in the second quarter, compared to 1.2 per cent in the previous quarter. Over the same period, price increases slowed down in the Core Central Region (CCR) and the Outside Central Region. Prices in CCR ros...