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TRADE FREELY & LiVE LONGER
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pharoah88
Supreme |
06-Sep-2010 19:48
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pharoah88
Supreme |
06-Sep-2010 19:44
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pharoah88
Supreme |
06-Sep-2010 15:38
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Rules tightening to return sanity to HDB resale market
Colin Tan Before Monday [6 Sep 2010], if HDB resale flats were tradeable investment products on the screen of international ratings agencies, they would have attained a triple-A rating; so highly regarded were they by property investors. However, all that changed when the Government announced measures to effectively close them to new investors and speculators. The new rules disallow concurrent ownership of HDB flats and private residential properties if the owner has not stayed in his public housing flat for five years.
Private property owners who buy an HDB flat now have to dispose of their private homes within six months. When the ownership rules for HDB resale flats were relaxed just a few years ago — when prices were still depressed — no one could have foreseen how they would go on to outperform the private housing market in terms of rental yields and capital appreciation within just a few quarters. In terms of risk, they were probably the safest investment property to spend your savings on. Almost as good as Singapore Government bonds, HDB flats were a safe haven compared to the surrounding financial turbulence. Many had expected the opening of the two integrated resorts to strongly drive up the demand for private housing. As a result, values were chased up to unrealistic levels, only to disappoint when the widely anticipated boom did not materialise. Instead, the unrealistic price levels for private properties drove demand towards the public housing sector and kept them there. Rental demand from both foreign workers and expatriates for public housing flats grew. Rental yields rose and soon caught the eyes of investors. Soon, more people began to buy them as investment properties — a trend noticeable as far back as 12 to 18 months ago. At the same time, more and more would-be HDB upgraders could not cross the widening gap between the private and public housing sectors. Upgrading became restricted to a bigger flat type or a newer flat in a better location. In the meantime, newly-formed households were moving into the housing market. Unlike in the private housing market, where a premium is paid for properties under construction, the premium in the public housing market is for completed flats or those nearing completion. This is because demand for the former is driven by investors who pay more for the opportunity to speculate, while demand for the latter is driven by the need for immediate occupation. Without the release of flats from upgraders, additional supply could only come from newly-maturing flats whose owners had occupied their properties for five years. New annual supply from this source is fixed as it is tied to events which happened seven to eight years ago. Before long, a shortage developed and was made more acute by investors who were crowding out genuine households and raising overall sentiment and prices with their record-price buys. It did not help that new flat prices were linked to prices for resale flats which were fast becoming a full-fledged investment product and a safe haven from the excessive liquidity in the market. New flats, with their myriad ownership rules, are definitely not investment products. They can never be truly comparable to resale flats. They are poles apart, as different as night and day. To make price adjustments from one to the other is to compare Singapore apartments in Woodlands to apartments just across the Causeway in Johor Baru. They may look the same and distance-wise, not far from each other but one commands a value significantly higher than the other. The new rules announced on Monday bring them back a lot closer — in terms of minimum occupation period and ownership restrictions. This can only be good for the market. It makes the job of those who decide on the prices of new flats a lot easier. To those who complain, these are not really new rules. We are just falling back on old ones which worked well in the past. To investors, if you cannot afford to live in a private property and invest in another in the first place but want to live in an HDB flat and invest in one, you are probably the most vulnerable to a sudden and sharp downward price correction. It may not be immediately obvious to you, but like a gambling addict, you need protection from yourself.
property@mediacorp.com.sg The writer is head of research and consultancy at Chesterton Suntec International. |
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pharoah88
Supreme |
06-Sep-2010 08:47
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Monday: 6th SEPTEMBER 2010 US LABOUR DAY |
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pharoah88
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06-Sep-2010 08:42
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Some way to go before dark pools see light Julie Quek juliequek@mediacorp.com.sg SINGAPORE Singapore is still early in the game for dark pools, they added, as this more innovative way of trading currently faces some resistance among investors in the region due to a lack of awareness. There is also some criticism that dark pool trading lacks transparency and may lead to systematic risk for the trading system. Transaction volumes and prices are not disclosed publicly in dark pool trading, thus allowing institutional investors some form of privacy in their trades. High net worth individuals (HNWI) typically consist the group of institutional investors who trade in dark pools. According to Sias Research, dark pool trading in Singapore is currently estimated to be at a low base of around 0.5 per cent of the total volume traded on the exchange. Overall, current trading volume for dark pools in the Asia-Pacific region is slightly higher at about 1 per cent of total trading volume on Asian stock exchanges, based on several analysts’ estimates. This figure is still relatively low as compared to the more developed markets beyond Asia. For instance, in the United States and Europe, dark pools account for an estimated 10 and 15 per cent respectively of their total trading volume on stock exchanges, according to analysts’ figures. Still, prospects for dark pools are optimistic when it becomes available to investors here. Chi-East, a dark pools joint venture between the Singapore Exchange and Chi-X Global has confirmed it will start operations by this year. “The presence of more market participants, including operators of block-crossing networks, will improve liquidity and therefore benefit investors,” a Singapore Exchange spokesperson commented on the emergence of dark pools players here. “Over the next two years, as more institutional investors start to look at the benefits of dark pools, we believe its transactional volume will more than double to 2 per cent on Asian stock exchanges,” said Sias Research lead analyst Moh Tze Yang. This is because trading in dark pools allows investors to enjoy lower transactional costs compared to trading in major stock exchanges where administrative costs are higher, he said. — Dark pool electronic trading is likely to heat up in Singapore as it becomes operational next year but it will need more investor education before it can take off, analysts said. |
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pharoah88
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05-Sep-2010 21:36
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Friday: 3 SEPTEMBER 2010 GENTING HK ANNIVERSARY HATCH
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pharoah88
Supreme |
05-Sep-2010 19:13
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Put it away, boys!
Once seen only on the dancefloor at weddings, suddenly the male cleavage is everywhere.
It’s all too much Jess Cartner-Morley NOT since the glory days of Eva Herzigova and the Wonderbra have we seen a display quite like this. At every turn, bare chests are being thrust into our consciousness.
They are there on stage at every music festival, and caught on camera by the paparazzi most nights outside fancy restaurants. They are tanned and oiled, puffed and paraded.
The difference this time is that the cleavage in question is male.
The images that have filled the slow news days of August have, for once, not been of female celebrities in their beachwear, but of their menfolk. Of their menfolk’s pectorals, to be precise.
I have tried, really I have, to look on the bright side and welcome this development as a step toward gender equality. But (a) is it not a little depressing that of everything women have contributed to civilisation, it is displaying your naked chest that men have picked up on?
And (b) well, just, eew. I can’t take it any more. Those photographs of Simon Cowell in his boxfresh white drawstring trousers and mirrored sunglasses, an overgrown Ken doll dressed unconvincingly for kung fu, were bad enough, but then Cowell has long famously struggled with the concept of where one’s waistband should sit, so it is only to be expected that he would misjudge how much chest to display.
No, the final straw came when Jude Law — the 11th best-dressed man in Britain, according to
Not long ago, sightings of the male cleavage were pretty much limited to the dancefloor at weddings, when late-night revellers would inexplicably feel the urge to undo several buttons on their best shirt. Anyone present was too drunk to notice, so no harm was done.
But a new breed of men’s T-shirts is scooped or slashed low enough at the front to make a full-frontal display of chest hair and musculature non-negotiable. In one generation, it seems, sober men have gone from wearing the top button of theirpyjamas done up to letting it all hang out.
It began innocently enough. A few years ago, in an attempt to find some middle ground between suited-and-booted and jeans-and-T-shirted, fashionable men began a trend for wearing a T-shirt under a suit jacket or blazer. It worked almost too well: A victim of its own success, it quickly went from being an early adopter identifier to being a common sight on a Saturday night at provincial bars.
And so it was that those who had kicked the look off — Law, Will Young and Russell Brand, among others — began to push the envelope a little more, to put a bit of space between themselves and the Burton-clad masses. They did this by replacing simple tops with faded tour Tshirts and then, when that, too, became a cliche, with the scoop-neck versions that began to be widely available in American Apparel, and later in Gap.
At the most recent menswear shows, the look was given the seal of approval by that venerable house of French chic, Hermes. The older generation of wearers has retained the jacket (so that Law now sometimes wears a jacket with a higher neckline than the T-shirt below, which looks really odd), but a younger breed of male peacocks around the world, Ronaldo Cristiano to Gossip Girl’s Ed Westwick, has dispensed with its services, all the better to flaunt their hours in the gym.
Can we hope that this trend will slip away? Personally, I’m more than a little nervous. The more extreme the fashion trend, the more extreme the counter trend tends to be, and if there’s one menswear trend I’m seriously allergic to it’s a man in a turtleneck.
What happened to the good old polo shirt, anyway? Hello, boys? THE GUARDIAN |
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pharoah88
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05-Sep-2010 16:05
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In vIew Of Open rIsk Of near tOtal lOss and dIre Of fIxed near zerO Interest rate bEttEr and safEr tO depOsIt as partIcIpatIng sharehOlder In GENTING TWINS ?
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pharoah88
Supreme |
05-Sep-2010 15:51
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REVERSE ANNOUNCEMENT TRUTH #### FACT 100% DEPOSIT GUARANTEE REDUCED TO S$50,000 DEPOSIT INSURANCE
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pharoah88
Supreme |
05-Sep-2010 15:31
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Deposit insurance limit to be raised to $50,000 CLAIRE HUANG
clairehuang@mediacorp.com.sg SINGAPORE
Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.
In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.
That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.
The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.
Some 90 per cent of depositors will be covered under the scheme.
The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.
It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.
The MAS hopes to implement the revised scheme early next year. |
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pharoah88
Supreme |
05-Sep-2010 14:48
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The Straits Times
Let's do our bid for a $2 COE.
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pharoah88
Supreme |
05-Sep-2010 14:38
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Is your MANUKA honey really worth the money?By Jerome Burne Last updated at 7:35 PM on 2nd February 2009 
Manuka honey can cost anything from £5 to £35 a pot Over the past few years, manuka honey from New Zealand has earned a reputation as a bit of a wonder treatment. Research has shown that the honey - produced by bees who feed off the manuka bush - has powerful antibiotic properties and can help combat MRSA, fight infections, reduce wound inflammation and help with skin conditions such as acne and eczema. But there are so many brands available, at vastly different prices (you can pay anything from £5 to £35 for a pot), how do you know which one really packs a good bacterial punch? And does spending more guarantee a better product? Until about a year ago, the solution would have been to rely on the honey's Unique Manuka Factor (UMF) rating (they range from 10 to 25). The higher the rating, the more potent - and usually more expensive - the honey. But according to some manuka honey manufacturers, this UMF system is unreliable. The ratings are made by the Active Manuka Honey Association (AMHA) which compares a batch of honey against the bacteria-killing ability of different concentrations of a standard disinfectant. 'But two tests done at different times on the same batch of honey can give very different results,' alleges Kerry Paul, chief executive of Manuka Health, one of the 'rebel' honey manufacturers. The AMHA retorts that results vary only by a few points and, anyway, it takes this into account when rating the honey. But Mr Paul believes there's a better way - by measuring methylglyoxal (MGO) content. This compound is found in high concentrations in manuka honey - up to 100 times greater than ordinary honey - according to German researchers, and is thought to give it its antiseptic edge. Some manufacturers are now switching to Mr Paul's new system of ratings. To add to the confusion, there is a third rating out there - the label on the honey contains the word 'active', followed by a number (from 10 to 25). But the MGO and UMF camps agree this 'active' rating has no scientific basis and is not regulated. Later this year a fourth standard is due to appear - developed by Dr Peter Molan, head of honey research at Waikato University, Hamilton, New Zealand. Although he's not yet willing to divulge the details, it seems to be an upgrade of the UMF rating - which he originally devised and even he claims needs changing. So where does all this leave the consumer? Ken Allen, managing director of a firm which makes wound dressings impregnated with manuka honey for the NHS, says: 'We use the same honey you get in the supermarket, but we then sterilise and purify it because we are held to much stricter standards.' He says neither UMF nor MGO is ideal, but believes the rest of us don't need to worry about how potent the honey is: 'It doesn't have to have a high rating. Even one as low as UMF 10 can heal leg ulcers.' He adds that using manuka honey at home on minor burns and cuts is probably fine, but would advise the public to steer clear of using it for more serious complaints such as heartburn or the gastric ulcer bug H. pylori. 'No trials support this use, and I'd be very careful about using shop-bought manuka on any serious or deep wounds,' he says. 'When we've analysed samples for purity, we've found microscopic traces of stuff such as paint and even lead.' So, if you want only a gentle antiseptic, the lower rating of either UMF or MGO should do the trick. Read more: http://www.dailymail.co.uk/health/article-1134423/Is-manuka-honey-really-worth-money.html#ixzz0ydJzUeg0 |
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pharoah88
Supreme |
05-Sep-2010 13:38
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H E A R D : fOrced Out prOperty specUlatOrs Idle hOt lIqUIdIty BANG IntO eqUItIes BEST chOIces ? GENTING TWINS ? |
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pharoah88
Supreme |
05-Sep-2010 13:34
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Aug 31 2010
Tighter financing regulations will have bite, say expertsIF YOU already have a mortgage on a home, you will need more cash on hand to buy a second property – under new rules announced yesterday. Buyers with one or more outstanding housing loans will now have to stump up a downpayment of 30 per cent of the property’s price, up from 20 per cent previously. At least 10 per cent must be in cash – up from 5 per cent before – but the remainder can come from their Central Provident Fund (CPF) accounts. This means that buyers will now be able to borrow up to only 70 per cent of the property’s purchase price, instead of 80 per cent previously. These new financing rules are more significant measures to cool the housing market, experts said. They added that these moves would weed out speculative activity from the market and prevent buyers from overextending themselves – while leaving first-time buyers unaffected. The Ministry of National Development said in a statement yesterday that while non-performing loans made up less than 1 per cent of all loans as at the second quarter, there are signs that more borrowers are taking loans of more than 70 per cent of a property’s price. Local banks yesterday told The Straits Times that they have seen an increasing number of home owners investing in multiple properties in recent years. United Overseas Bank said most of these home buyers took up financing of up to 80 per cent of the purchase price. OCBC Bank said that while the majority of its loan applications are for home-owner occupation, it has seen an increase in the number of applications for investment purposes – compared with a year ago. An increasing number of home-loan applicants have applied for loans of more than 70 per cent of the property price, it added. Kim Eng analyst Wilson Liew said the new measures would ensure that banks remain prudent in their lending practices. DMG & Partners property analyst Brandon Lee said the rules would also effectively force out speculators. ‘They would have to think twice before buying as the cash outlay now is reasonably higher… Sales volume will probably be hurt across all segments,’ he said. ERA Asia-Pacific associate director Eugene Lim said the measures would affect demand in the mass-market private property segment. HSR chief executive Patrick Liew said speculators made up about 20 per cent of the mass-market segment, and that the new measures might flatten the sector for the next two quarters. Demand could drop by up to 20 per cent in the next few months, as buyers react in a knee-jerk fashion and speculators stay on the sidelines, he said. However, since economic fundamentals are strong and the market had already been slowing, he does not expect prices to head south. Instead, Mr Liew thinks prices will hold at current levels before gradually increasing again from the second quarter of next year, because there is still genuine demand in the housing market. ERA’s Mr Lim said that a significant number of mass-market condo buyers live in HDB flats with outstanding mortgages, so demand for such private homes might take a beating now that the required downpayment has been increased. Mr Colin Tan, research and consultancy director of Chesterton Suntec International, said the steps ‘had more bite’ than previous ones. It would most affect demand from high-risk buyers who are highly leveraged, he said. ‘These measures will help to soak up the liquidity in the market as those who could previously afford three similarly priced homes, fully leveraged… would now be able to afford only two, lessening demand by a third,’ he added. However, owners who are just selling their home to buy another need to get their timing right and ensure the first mortgage is fully paid before taking out a new loan. If not, they will be allowed to take out only a 70 per cent loan for the new home and would have to pay the remaining 30 per cent upfront. Source: Straits Times, 31 Aug 2010 |
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pharoah88
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05-Sep-2010 13:28
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S$6 Million Maid SINGAPORE Skooter reports JULY/22/2010 SINGAPORE—“I am the luckiest maid in Singapore, with or without the money,” the 47-year-old single woman—identified only by the pseudonym “Christine”—told the Straits Times in an interview. “Christine” a devoted Filipino maid inherited S$6 million (around P202 million) from her late employer after more than 20 years of service, a newspaper report said on Wednesday. “Christine” arrived in Singapore in 1986. She refused to be named in public for fear of possible threats to her life particularly in the Philippines The windfall inheritance includes cash and a luxury apartment near the Orchard Road shopping belt, came from the estate of her employer Quek Kai Miew, a medical doctor and philanthropist who died last year at 66. The maid, who is now applying for permanent residency in Singapore, said her newfound wealth had not changed her lifestyle. Nearly 200,000 foreign maids, mostly from the Philippines and Indonesia, work in affluent Singapore, which has a population of 5 million. Source: Agence France-Presse/Inquirer.net |
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pharoah88
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03-Sep-2010 23:05
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pharoah88
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03-Sep-2010 18:36
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BELIEF !  dOn't knOw mUch abOUt d-O-w dOw dOn't knOw mUch abOUt s t I dOn't knOw mUch abOUt F A dOn't knOw mUch abOUt T A dOn't knOw mUch abOUt MBA dOn't knOw mUch abOUt PhD dOn't knOw mUch abOUt S E X dOn't knOw mUch abOUt H I V dOn't knOw mUch abOUt rIsk dOn't knOw mUch abOUt FEAR dOn't knOw mUch abOUt warrant dOn't knOw mUch abOUt C I A dOn't knOw mUch abOUt C F A dOn't knOw mUch abOUt C M A dOn't knOw mUch abOUt C P A dOn't knOw mUch abOUt B O B dOn't knOw mUch abOUt C O C dOn't knOw mUch abOUt P A P dOn't knOw mUch abOUt T A T dOn't knOw mUch abOUt C F D dOn't knOw mUch abOUt merItOcracy dOn't knOw mUch abOUt medIOcrIty dOn't knOw mUch abOUt lOngIng dOn't knOw mUch abOUt shOrtIng dOn't knOw mUch abOUt lOsIng dOn't knOw mUch abOUt faIlIng Only knOw hOw tO lOve GENTING Only knOw hOw tO lOve TWiNS Only knOw abOUt PROPHECY Only knOw abOUt LEGACY Only knOw abOUt LEGEND Only knOw abOUt BELIEF Only knOw abOUt TRUTH Only knOw abOUt SUCCESS Only knOw abOUt wInnIng Only knOw abOUt CHEERS Only knOw abOUt lOve |
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pharoah88
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03-Sep-2010 18:10
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pharoah88
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03-Sep-2010 17:01
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BELIEF ! dOn't knOw mUch abOUt d-O-w dOw dOn't knOw mUch abOUt s t I dOn't knOw mUch abOUt F A dOn't knOw mUch abOUt T A dOn't knOw mUch abOUt MBA dOn't knOw mUch abOUt PhD dOn't knOw mUch abOUt SEX dOn't knOw mUch abOUt HIV dOn't knOw mUch abOUt rIsk dOn't knOw mUch abOUt FEAR dOn't knOw mUch abOUt warrant dOn't knOw mUch abOUt C I A dOn't knOw mUch abOUt C F A dOn't knOw mUch abOUt C M A dOn't knOw mUch abOUt C P A dOn't knOw mUch abOUt P A P dOn't knOw mUch abOUt T O T dOn't knOw mUch abOUt C F D dOn't knOw mUch abOUt merItOcracy dOn't knOw mUch abOUt medIOcrIty dOn't knOw mUch abOUt lOngIng dOn't knOw mUch abOUt shOrtIng dOn't knOw mUch abOUt lOsIng dOn't knOw mUch abOUt faIlIng Only knOw hOw tO lOve GENTING Only knOw hOw tO lOve TWiNS Only knOw abOUt PROPHECY Only knOw abOUt LEGACY Only knOw abOUt LEGEND Only knOw abOUt BELIEF Only knOw abOUt TRUTH Only knOw abOUt SUCCESS Only knOw abOUt wInnIng Only knOw abOUt CHEERS Only knOw abOUt lOve |
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pharoah88
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03-Sep-2010 16:19
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GENTING HK USD0.600 |
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