Friday, October 31, 2014

Rents Set to Fall with Glut of New Condos - Singapore

Rents set to fall with flood of new condos.  In this ST article,

1. It is fast turning into a tenant's market, with a glut of new condos completing soon.

2. In the past year alone, about 16,000 non-landed private homes were completed, URA figures.

3. 25,000 new units expected to be completed between this quarter and end of next year, with more than half in the suburbs.

4. Numbers point to potential glut in the vicinity of Dairy Farm and Hillview Avenue.





Thanks for reading.

London - views from the sky

Gorgeous video. In the first minute, you get great views of the city, including the skyscrapers in the City of London.

 

Thanks for watching.

Thursday, October 30, 2014

Singapore Property Correction Not There Yet - DPM Tharman

Property prices in Singapore have not seen a "meaningful correction" yet, said DPM Tharman.
"If we do not get a meaningful reversal after each upswing, property prices will run ahead of the growth of household incomes over the long-term."

From the tone of this interview, I think the Government is signaling clearly that the cooling measures like ABSD will be here to stay for now.



Thanks for reading.

Peter Lim - New owner of Valencia Football Club

Billionaire Peter Lim is the new owner of Spanish side Valencia. Here are some facts about the media-shy Singaporean and the La Liga club.


Five things you should know about Peter Lim.

1. In 1991, Mr Lim made his fortune when he invested US$10 million (S$12.51 million) in Wilmar International, then a start-up palm oil company owned by tycoon Kuok Khoon Hong, a former client and friend of Mr Lim’s – and the nephew of Malaysian businessman Robert Kuok (he now lives in Hong Kong), one of Asia’s best-known billionaires. Mr Lim’s five per cent stake in Wilmar was worth US$1.4 billion in March according to Forbes.

2. He put himself through the University of Western Australia, in Perth, by working as a taxi driver, cook and waiter, among other odd jobs, and graduated with a degree in finance and accounting.

3.Nicknamed the “remisier king", Mr Lim was ranked by Forbes to be the 10th richest man in Singapore last year with a fortune of US$2.05 billion.

4. Married to former actress Cherie Lim, Mr Lim is a Manchester United fan, owning several Manchester United themed bars across Asia. He tried to buy Liverpool for £300 million (S$631.2 million) in 2010 but his offer was rejected.

5. Home to Valencia's new owner is the entire 11 storeys of the Abelia condominium, located near Orchard Road. Mr Lim is also said to own 25 Ferrari cars.

Five things you should know about Valencia football club

1. Up until Mr Lim acquired the club, Valencia was the only club outside the duo of Real Madrid and Barcelona to have won the Spanish La Liga since 2001. Former Liverpool manager Rafa Benitez led Valencia to the league title in 2002 and 2004. However, Atletico Madrid on Saturday claimed its first La Liga title in 18 years by drawing 1-1 with title rivals Barcelona.

2. Due to the financial crisis, work on Valencia's new stadium – the 61,500 Nou Mestalla – stopped in 2009. The stadium has remained untouched since.

3. To stay afloat, the club had to sell key players like David Villa, David Silva, Jordi Alba, Roberto Soldado and Juan Mata - All Spanish internationals.

4. Valencia have only spent four years outside of the top flight during their 92-year history. Most recently they spent a year in the second division in the 1986-87 season.

5. They are the third most successful club in Spain, with six La Liga titles and seven Spanish Copa del Rey victories. No prizes guessing who the two most successful are.

- See more at: http://www.straitstimes.com/the-big-story/explainers/story/5-things-about-peter-lim-and-his-new-football-club-valencia-20140518#sthash.nU940AZx.VuQVPBul.dpuf

Wednesday, October 29, 2014

America Needs Leadership To Overcome Emotional Recession

Leadership to overcome emotional recession, America needs to create good jobs, see article from New York Times which was reprinted in the Straits Times.

During the Cold War years, (1945 to around 1989 collapse of Berlin Wall), Western economies delivered broad prosperity to the middle class. Communism failed in stark contrast and the Communist states largely gave up their economic ideology in the face of a more superior economic system.

Had Western capitalism not delivered, we may all be Communists today. But look what is happening now - decades of stagnation in the West. In the USA, the median annual earnings of workers with bachelors degrees have not increased in three decades. This has led to a loss of confidence in the regime.

Does it then come as a surprise when we see an increased resurgence in extremism of all forms? The world needs bold leadership. I don't know where that is going to come from.

Coming back to Singapore, we see similar psychological trends. This New York Times article talks of an emotional recession. Some in Singapore have talked about emotional or social deficit.



 Thanks for reading.

Wednesday, October 22, 2014

Arsenal Emirates Stadium, Arsenal Football Club

On a recent trip to London, I got off the Tube at Finsbury Park and started to walk towards Arsenal.


It was a nice area.

Finsbury Park Interchange.  Buses and Underground and Trains.



Here is a video of Arsenal Tube station and then outside the Emirates stadium.

Picture of the road.

Outside the massive Emirates Stadium.


Thanks for viewing.


Tuesday, October 21, 2014

President Tony Tan of Singapore Visits London

President Tony Tan is currently in London for his first state visit, on the invitation of Her Majesty the Queen.  Here are some photos.  Will post more as I come across them, so please check back.  I will start posting the most recent updates closer to the top of the blog post.

State Banquet hosted by Her Majesty Queen Elizabeth II


Beautiful hall.

More pictures of Duke and Duchess of Cambridge from the first day.





Duchess of Cambridge - Second Appearance of the Day
The Duchess of Cambridge arrived at the Natural History Museum in London this evening for the 2014 Wildlife Photograph Awards looking so lovely in a sky blue Jenny Packham wrap dress with nude peep-toe pumps.

Aside from a simple clutch, she kept the rest of the accessories to a minimum and wore her hair down in soft curls. The three-quarter length wrap dress showed just a bit of a royal baby bump. Kate never shies away from color—just one of the many things we adore about her style—and this particular shade of powder blue is so flattering, and gives her that perfect glow.  [source - e-online]

Note, Kate did not attend the State Banquet hosted for President Tony Tan.

Duchess of Cambridge - First Appearance
The Duchess of Cambridge was forced to cancel a number of official engagements due to her severe morning sickness, a condition known as Hyperemesis Gravidarum. She joined her husband Prince William to official greet the President of Singapore Tony Tan Keng Yam at London's Royal Garden Hotel - a great honour for Singapore.

The Duchess opted for a duck egg blue coat dress by Alexander McQueen and complementary fascinator by Jane Taylor for the high profile event with a pair of classic black heels an clutch.


Duchess of Cambridge and Mrs Tan
At the Royal Garden Hotel.


State Banquet
Venue of State Banquet, hosted by the Queen.



Mall Leading to Palace - Fly the Singapore Flag.


The Mall leading to Buckingham Palace is lined with the national flags of Singapore and UK.

Gorgeous day.



1972 - Her Majesty The Queen visited Singapore.  One of the events was to watch a horse race at the Singapore Turf Club, where Her Majesty gave out a trophy.


Earlier today, here is a picture of the Duke and Duchess of Cambridge.

The Queen shows President Tan some items related to Singapore from the Royal Collection

Is that a Chinese junk?  One that many of our forefathers sat in order to come to Singapore from China.


Can't tell what they are looking at from this angle.


Previously
The Queen and the Duke of Edinburgh welcome President Tony Tan and Mrs. Tan.

All standing at attention. Duke and Duchess of Cambridge have to stand in the sun!

President and Queen travel to Buckingham Palace in the Diamond Jubilee Stage Coach.  Here are some screen grabs.



President Tony Tan and The Queen posing for a photo at Buckingham Palace, after alighting from the Stage Coach.  Notice the Duke and Duchess of Cambridge, far left.


Sunday, October 19, 2014

Aldgate Place by Barratt London

Aldgate Place by Barratt London

I was told that this development will be launched soon.  The pricing is high, but not as high as the London Dock by St George's, the luxury arm of Berkeley Homes.

Co-incidentally, I was in that area recently and I took a video of it.


Location-wise, this development is very good indeed.  Just check out the video and the maps and you will see why.  Pricing wise, it is not cheap, however, if you want to buy something this close to the City of London, you are going to have to pay a premium.

Here was an advert in the local Singapore papers.

Happy Investing!

Friday, October 17, 2014

George Yeo's Words of Wisdom - NUS LKY SPP 10th year anniversary lecture

I got this from Mothership.sg. Here is their article.

For those who did not attend the LKYSPP 10th year anniversary lecture, here are 10 remarks from Yeo that shows why his anticipated public appearance is worth waiting for

1. The impact of social media all over the world: 

“The most profound impact is in the way hierarchies are being corroded by information technology disintermediating what kept this hierarchy intact in the first place. Sometimes by ignorance, sometimes by hypocrisy. Sometimes by rituals. Sometimes by selective information and disinformation.”

In the past, a child could become an emperor because he’s all dressed up, protected by courts, by music, by distance, and people bowed. Today, the cameras are everywhere. The microphones are everywhere. And if you are not authentic, you will be laughed at. The emperor has no clothes. This has changed relationships in a profound way. Between parents and children. Between teachers and students. Between doctors and patients. Between priests and laity. Between government leaders and voters.”

2. A leader playing the role of a student:
“Indeed I have come to the conclusion that whatever organisation you head you are likely to understand a small fraction of it. You have to depend on others. And so I go around and I play the student, I ask questions, I ask for help. I ask how I can be helpful. People respond. You create an energy field where there are multiple nodes of activity and you yourself constitutes only one node, hopefully a node which will grow in importance.”

3. On Singaporeans connecting emotionally through Singlish:
 “We are very diverse in Singapore. You go into a hawker centre, and you just distill and listen to the cacophony. Then you said yes, this is Singapore… It is a Singapore which is constantly, incessantly, insistently, multi-lingual, not only between sentences, but within sentences, in the actual syntax itself. Mind you, it makes it more difficult for us to learn English or Chinese to a high level, but we understand each other. And sometimes to establish our emotional connections, all of us will switch occasionally to Singlish in order to make a point that we belong to a community.”

4. Advice on how the Singapore public service can adapt to changes
“You must insert yourself into the community, into the problem…in order to understand it holistically and to effect change from within. You cannot be a bureaucrat sitting on high, reading papers, doing statistical analysis, prescribing solutions. The Singapore civil service is probably the best administration in the world today and the reason why the LKY school has been able to grow so rapidly in the last ten years is because of the story of Singapore.

But given the nature of the world today, the challenge of technology and the digital revolution we must do it even more and insert ourselves into the daily lives of Singaporeans… It is very important that those who are in charge do not lead and live separate lives, and to the extent that we can be one community, we will be a strong society.”

5. The political balance of public expenditure and public savings
“For as long as Singaporeans think that the government is rich, they will say look, c’mon, pass some over. But in fact, we have nothing. We are only a small island. We have no natural endowments. And what we have – I don’t know how many hundred billion dollars we have, even if you double it, what is that, compared to what others have, in the ground, in land, underwater? And in a crisis, if we have nothing, how do you sustain a diaspora?

So yes, there must be a sense that the ordinary needs of a Singaporean has got to be looked after, and a proper balance between spending of the generation today and saving for the future generation. That balance is a political balance. The government now is re-tweaking the balance, re-calibrating it, fearing it will go too far, because that will consume itself, but knowing that if it does not proceed enough, then there is no deal in the first place.


6. On militant group ISIS
“Using Christian armaments to defeat Muslim malignancy will only make the malignancy worst in the long term. And therefore, conceptually…in terms of treating the problem in a deep way, this problem has got to be resolved in the ummah itself within the world of Islam itself.

It is really the battle of the soul of Islam…. All of us non-Muslims have a vested interest in the good health of the Islamic community, and we should be supportive of them in whatever way we can, knowing at the same time that what we do is at best a supportive effort.

7. Singaporeans’ special advantage
Our ability to operate in a diverse environment…That gives to Singapore a special quality. The ability to work in dense networks and be able to connect to different cultural domains, and to turn it into our own economic advantage. Ultimately, what drives Singapore, what gives Singapore our special advantage is the ability to arbitrage across cultures.

8. Hong Kong student protests
“Apart from the high politics, at the atomic level, we have good people who are responsible who care for one another, I think upon these bricks you can build the most wonderful structures. But if the bricks are weak or crumble, then however you try, however brilliant the architect, nothing much is going to come out of it. So when I look at Hong Kong, I said yes there are problems, and the future is uncertain, and many things are not within their control, but they have good people, strong people, and they will survive.”

 9. His philosophy in life:
“I try wherever I am to be of some use to people around me. And that will give me enormous satisfaction. We are only for a brief period what we are, from dust return to dust. During the period when we are whole, let the world remember us for our contributions, and not wish that we have not existed. So whether we do big things or small things, it doesn’t matter, make a difference, and make it a better world.”

10. A new narrative for Singapore:
“In medieval times, the future was first to be discerned in the free cities. So the future, with all its uncertainties, is perhaps easiest to be discerned in the free cities of today, and Singapore should aspire to be one such free city.”

11. Being optimistic about Singapore’s future:
“This half of the world will be the happier half of the world. And Singapore is right in the middle…We are in the centre of a region, where there is a lot of hope for half the humanity. And how do we prosper? By inserting ourselves into it, in this multi-faceted network. And we are small. We need only a few tiny crumbs to enjoy a good life in Singapore, to make this a wonderful place. So I am optimistic.”


A lot to learn from the words above. Thanks for reading.

Asian Markets Catch a Cold after Wall Street Sneezes

Stocks tumbling. Straits Times index gains for the entire year wiped out as heavy losses in US trigger sell-off.  This is quite worrying.  The stock markets are usually a leading indicator.

Is the global economy heading into recession soon?  Well, be prepared for anything.


Thanks for reading.

Thursday, October 16, 2014

Maria Sharapova Gets Just 10% of her earnings from Tennis Prize Money

Following from Cheryl's article, I was on the lookout for more articles on being financially savvy. Just nice, this article appeared in the Business Times today.

Maria Sharapova?  I now know that she is the highest paid female athlete in the world, a distinction that Forbes has bestowed on her for 10 years straight.  Wow.


Indeed.  Based on her looks alone, she would likely have made a good living as a model.  Her looks plus being a top tennis champion would make her a killer combination, but only if she was wise enough to exploit it.  And she definitely is.

So let's see how she has capitalized on her tennis fame and good looks.  The answer is simple - endorsements.  She has endorsed a huge range of prestigious global brands, including Nike, Tag Hauer and Porsche.  Her profile fits these brands, as she is a tennis star and she can look pretty classy and even aloof.

She can be a tough ice queen.
Remember that many top athletes are full of themselves, including being arrogant, temperamental and sometimes outright idiotic. To me, such behaviours reflect a poor sense of self control.

Maria, however, has chosen to behave far more professionally when she is off the court. She looks friendly, she does many engagements, she mingles with the crowds - obviously this does great wonders for her image and makes her even more attractive to potential sponsors.

What is really interesting is trying to launch Sugarpova, which looks like high-end tennis-ball candy/chewing gum. Even the name of the product sounds rather 'corny', as it is a twist of Sharapova.

But why not?  She is clearly not afraid to try and I don't think she has much to lose even if this venture fails.  On the other hand, if it succeeds, it would certainly make her even richer.

Come, try some Sugarpova - the Taste of Victory

What Can We Learn?
I am not a tennis star.  Neither do I have good looks.  So what can I learn from Sharapova?

The answer to the question is to ask why Sharapova is able to do so much better, relative to the other good-looking and highly talented female athletes in the world.

My take is that she has a solid game plan.  She has fully capitalized on her tennis fame and her good looks, to land endorsements with prestigious brands.  And now she is branching out into product lines, and likely into other business ventures.  Bear in mind, as she does all the business, she needs to keep up her tennis training and continue to do very well in international tournaments.  Her value as an endorsement icon would quickly fade away if she starts to slip in the tennis rankings.

Her candy, Sugarpova, called Flirty Sour

What can we learn from this? We all need a plan and this plan needs to capitalize on your strengths. Success doesn't come easy, but we need to keep trying, and focus on our strengths.  What are your strengths and how have you capitalized on them?

Don't be afraid to try new things.  You never know till you try.

Here is the full article.



Thanks for reading.