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Thread: TeresaVille

  1. #1
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    I recently experienced first hand the still existing stiff competitok for condos.

    I had earlier expressed strong interest in teresaville as I stay near that area with existing parents support for my kid. Recently a 1355 square feet condo came up and i went for viewing. It was madness like queueing up for free gift. So many people were there looking around.

    I did my sums prudently and went for 2nd viewing the very next week. It was a Saturday. I called up the agent to make an offer on the immediate Sunday. It was already sold.

    So the property was up for listing, and sold within 2 weeks. Apparently it hit the desired price of the seller which I presume is not low.

    Mind you, I was a direct buyer and hence seller agent not not co broke. But he had to take up the other offer as it was good and it was heard that the potential buyer just dropped a cheque within 5 mins of viewing.

    This is a personal experience of how PCs are still so hot. It's a very old 20 year plus condo not walking distance within mrt ... I though my chances are good to secure .... Omg ... How wrong was I .... Thwarted yet again

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    Mind sharing the psf?
    All big units so quantum not so small.

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    Yah, do you mind sharing the psf asking / transacted?

    I was interested in Theresaville a long time ago when I was looking at my first ppty. I remember someone told me you need to be careful which block u buy, cos at least 1 of the blocks have serious water piping problems.

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    Hmmm, for my case, i have seen several units in different developments in the past 2 months but up to date, i still see the units being listed in property guru/classifieds.

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    It's one of the rare 13xx square feet smaller ones not the bigger 19xx square feet ones. Which is why its rare and I checked URA caveat only average one such unit for sale every year.

    The Psf for that particular unit averages around 1288 Psf thereabouts I think which is acceptable to me given its freehold and definitely as en bloc potential since 2 en bloc attempts failed.

    Water piping probably not a big issue since most buyers will do major overhaul renovation. That's at least what I would do.

    It's block 1003 - the block nearest the road and nearest the entrance - any water piping problems with that block then? I realised most of the 13xx square feet smaller units is located at that stack

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    teresa ville is 4 stacks for each of the 3 blocks. 3 stacks are all 3+study (or can call it 4 bedroom) 1927, 1959 and 1981 sq ft each. the remaining stack is a 2+study (some have managed to convert into 3 bedroom) of 1356 sq ft.

    the most recent caveat for the 1356 sq ft units is for #20-01 of block 1003 at 1.68m, 1239psf. i assume this is not the unit which TS viewed? if this more recent unit is sold for 1288psf then it will be a record psf for this project. as TS said, 1.75m is still reasonable if this unit is/can be converted to a 3 bedder, hence many keen buyers.

    i viewed the block 1005 #09-02 1356 sq ft unit when it was put up for sale at 1.55m in may/jun 2012. the viewing is similar to what TS has described and that was a weekday night. it was renovated and converted into a 3 bedder. it was eventually sold for 1.528m.

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    Quote Originally Posted by bargain hunter
    teresa ville is 4 stacks for each of the 3 blocks. 3 stacks are all 3+study (or can call it 4 bedroom) 1927, 1959 and 1981 sq ft each. the remaining stack is a 2+study (some have managed to convert into 3 bedroom) of 1356 sq ft.

    the most recent caveat for the 1356 sq ft units is for #20-01 of block 1003 at 1.68m, 1239psf. i assume this is not the unit which TS viewed? if this more recent unit is sold for 1288psf then it will be a record psf for this project. as TS said, 1.75m is still reasonable if this unit is/can be converted to a 3 bedder, hence many keen buyers.

    i viewed the block 1005 #09-02 1356 sq ft unit when it was put up for sale at 1.55m in may/jun 2012. the viewing is similar to what TS has described and that was a weekday night. it was renovated and converted into a 3 bedder. it was eventually sold for 1.528m.
    Coincidentally I went to see the 20th floor sometime back as well. Before I could offer it was sold off also ... Quite poorly maintained as it was tenanted out to a number of students and all

    The 13xx square feet confirm can do up 2+1. In fact, I took the floor plan and went to ID for preliminary assessment and the draft sketch he had for me can do potential 2+2 even - combine dining and living together in the upper deck, do open concept island kitchen, can do up a study and another small guest room also at the precious dining. Lots of possibilities if you ask me

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    so i guess the recent unit which u saw was more attractive, hence can sell at higher price?

    and so, there u have it. why this particular unit is so hot.

    Quote Originally Posted by danguard
    Coincidentally I went to see the 20th floor sometime back as well. Before I could offer it was sold off also ... Quite poorly maintained as it was tenanted out to a number of students and all

    The 13xx square feet confirm can do up 2+1. In fact, I took the floor plan and went to ID for preliminary assessment and the draft sketch he had for me can do potential 2+2 even - combine dining and living together in the upper deck, do open concept island kitchen, can do up a study and another small guest room also at the precious dining. Lots of possibilities if you ask me

  9. #9
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    Quote Originally Posted by danguard View Post
    I recently experienced first hand the still existing stiff competitok for condos.

    I had earlier expressed strong interest in teresaville as I stay near that area with existing parents support for my kid. Recently a 1355 square feet condo came up and i went for viewing. It was madness like queueing up for free gift. So many people were there looking around.

    I did my sums prudently and went for 2nd viewing the very next week. It was a Saturday. I called up the agent to make an offer on the immediate Sunday. It was already sold.

    So the property was up for listing, and sold within 2 weeks. Apparently it hit the desired price of the seller which I presume is not low.

    Mind you, I was a direct buyer and hence seller agent not not co broke. But he had to take up the other offer as it was good and it was heard that the potential buyer just dropped a cheque within 5 mins of viewing.

    This is a personal experience of how PCs are still so hot. It's a very old 20 year plus condo not walking distance within mrt ... I though my chances are good to secure .... Omg ... How wrong was I .... Thwarted yet again
    aiyo 1 unit sold out of few hundred in the whole singapore cannot say condo market still hot lah. I put up one CCR condo for sale at $1 you will see a queue forming for miles. Rare places with attractive attributes, with a reasonable price will usually sell.

  10. #10
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    Given what you say, do you think there is significant en bloc potential in a 10 year horizon? Sounds like a lot of the buyers buy for own stay or have sunk in significant amounts into reno, so less likely to en-bloc?

    Quote Originally Posted by bargain hunter View Post
    teresa ville is 4 stacks for each of the 3 blocks. 3 stacks are all 3+study (or can call it 4 bedroom) 1927, 1959 and 1981 sq ft each. the remaining stack is a 2+study (some have managed to convert into 3 bedroom) of 1356 sq ft.

    the most recent caveat for the 1356 sq ft units is for #20-01 of block 1003 at 1.68m, 1239psf. i assume this is not the unit which TS viewed? if this more recent unit is sold for 1288psf then it will be a record psf for this project. as TS said, 1.75m is still reasonable if this unit is/can be converted to a 3 bedder, hence many keen buyers.

    i viewed the block 1005 #09-02 1356 sq ft unit when it was put up for sale at 1.55m in may/jun 2012. the viewing is similar to what TS has described and that was a weekday night. it was renovated and converted into a 3 bedder. it was eventually sold for 1.528m.

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