Teresaville Owner's Blog

  Is our enbloc sale agent able to enhance the land value of Teresa Ville?   (1) What can the enbloc sale agent do to increase the land value of Teresa Ville?   Answer : Very little and next to nothing.   There are a few things that can increase the land value of Teresa Ville, but the property agency cannot do most of these things.   Firstly, the enbloc sale agent cannot increase the plot ratio of Teresa Ville in the Master Plan. An increase in the plot ratio can increase the value of the development land.   Secondly, the enbloc sale agent cannot increase the building height limit of Teresa Ville. An increase in the building height limit together with the increase in the plot ratio can increase the value of the development land.   Thirdly, the enbloc sale agent cannot build a new MRT station, shopping mall or other value-accreditive buildings or infrastructure next to or near to Teresa Ville.   Fourthly, the enbloc s...

  EOGM on Feb 28, 2021 Contribution from one of the fellow owners of Teresa Ville Dear Fellow owners of Teresa Ville, Like many of you, I attended zoom EOGM on Sunday, February 28, 2021. I would like to share some of my reflections and observations. 1.       Unproductively long Meeting and Leaving things to the Last day :   While the meeting was well organized with almost no technical glitch, it went on for too long (5 + hours ). Some owners proposed amendments to the fee structure and terms of Collective Sale Agreement (CSA), but the CSC chairman refused to adopt any of the suggestions and proposals from the owners. It would have saved our time, if the CSC chairman could have clarified in his opening remarks, that since Feb 28, 2021 was the last date of the mandate of Collective Sales Committee, there was no time and scope to make any amendments to the CSA, and the engagement of the property agent and law firm. Hence, any discussion, sugge...