Wednesday, 9 November 2011

Asia Square looking pretty awesome!!

The whole bldg seems very classy, but visitors to the offices need to submit their identification cards and then your card is used to activate the opening of the security turnstile as well as calling for the office lifts. This can be quite embarassing for the ladies if they don't want people peeking at their age.

They got a lot of nice food at their Food Garden on level 2 (open to public) including a Tripe-O's burger joint....its the same chain as in Hong Kong's Exchange Square.

Asia Square is set to feel a bit like Exchange Square becuase there's also a few bars on the ground floor, one is called The Bank. And there's lots of nearby new cafes and coffee shops!

I've promised myself I'm going to get out of the Sail and hangout more at Asia Square and MBFC!

Tuesday, 27 September 2011

Sail At Marina Bay in the morning

This place, Marina Bay is so nice and cool and breezy in the morning it feels like Hawaii! Its got to be one of the most breathtaking cities in the world Singapore!!

The air is so clean fresh and the wind is blowing on my face. I love it.

I woke up 630am and went for a bike ride to the lovely marina bay which is something I see from my Sail apt windows everyday but I shd go out more :-)
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LV store at daybreak

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Sunrise early morning Marina Bay

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Saturday, 24 September 2011

Sunday, 18 September 2011

Thai Express..Tom Yam Noodles at Esplanade..$10.90 yummy!!

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Keep this a secret walking and biking around Marina Bay is fantastic!!!

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Marina Bay Sands taken from Esplanade

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This was my breakfast...yummy $16 at South Coast

Doesn't this place remind you of a seaside vacation ...Miami, Sydney, San Diego...Singapore has the best of the world
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Mike from UK enjoying his breakfast at MBS

We went bike riding around marina bay followed by breakfast at South Coast.


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LV flagship store at Marina Bay Sands

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Wednesday, 7 September 2011

Ambulance at 745pm at One Raffles Quay

I wonder which banker or hedge fund trader had a heart attack in these volatile markets? All kidding aside deaths on the trading floor is getting more common and quite sad...
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Tuesday, 6 September 2011

Asian Property Up or Down?

you know as I look at investors pouring their money into "safe havens" like Swiss Franc and Gold
and taking their money out of "risky" investments like stocks and greek bonds
yet they also seem to be betting on growth currencies like Aussie Dollar.

This is really weird.

I think there is a thesis for two potentials for property...

1. property will follow other asset classes and go down..........HK property transactions and prices have already showed declines

OR

2. However we may see property prices in Singapore go up...there are multiple reasons ....SG$ is considered a safe haven currency and also a growth currency that is tracks RMB appreciation....Spore property if anything is the safest place to invest in Asia cos and its the "Switzerland" private banking country of Asia......thus people could end up buying Singapore property as a proxy for Gold.  At least with Spore property you can get a 3% yield and leverage....which is a lot better than Gold!


On the other hand it may make sense to have some $$$ on the side in case prices go down so you can pick up good deals.....


what to do....


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Hong Kong property prices??

Hong Kong's Peg Raises Risk Real Estate Prices May 'Roll Over,' MGPA Says

Residential buildings stand in the Tsuen Wan district of Hong Kong. Home transactions in the city fell to a 30-month low in July, while a land auction earlier last month missed surveyors' forecasts. Photographer: Jerome Favre/Bloomberg

Hong Kong's currency peg is creating a "massive" inflation as it forces the city to follow low interest rates in the U.S. even as it benefits from the economic growth in China, MGPA Asia chief executive officer John Saunders said. Photographer: Nelson Ching/Bloomberg

Hong Kong's property market is showing signs it may "roll over" as prices drop over the next one or two years with the city's currency peg linking it to the risk of higher U.S. interest rates, according to MGPA.

Prices of the city's office buildings may decline as much as 20 percent while home values may fall up to 30 percent during that period, said John Saunders, Asia chief executive officer of MGPA, a private-equity real estate investment firm that manages $10 billion of assets in Asia and Europe.

Hong Kong's currency peg is creating a "massive" inflation as it forces the city to follow low interest rates in the U.S. even as it benefits from the economic growth in China, Saunders said. The exchange rate regime is set to amplify property market peaks and troughs when macroeconomic trends reverse, he said.

"It's got all the hallmarks of a market that's about to roll over," Saunders, who's based in Hong Kong, said in an interview on Sept. 2. "We import all the growth from China, then we pay for it with a monetary policy that's designed to drag the U.S. out of deflation and economic chaos. So it's massively inflationary."

MGPA last year sold an office building at 181 Queen's Road Central that it had owned for about four years to Hong Kong and Chinese wealthy individuals in multiple transactions, Saunders said, declining to give details on the returns.

The Hang Seng Property Index of seven real estate stocks dropped 1.3 percent as of 10:50 a.m. in Hong Kong trading, declining for a third day.

Wrong Timing

Its $4 billion MGPA Asia Fund III now owns no property in Hong Kong, where it had investment through a previous regional fund, he said. It envisioned Hong Kong to be one of the four geographical pillars alongside China, Singapore and Japan when it started the nine-year fund in 2007, he added.

"We would love to spend some money in Hong Kong," he said. "But I just think the cycle timing is completely wrong right now. My concern is we're headed towards another 1994."

Low interest rates sent Hong Kong office values to record highs in early 1994. Prices of offices in landmark buildings fell as much as 30 percent by February 1995, then Morgan Stanley Asia Managing Director Peter Churchouse estimated. The decline came after Hong Kong followed the U.S. to raise interest rates, suppressing demand for housing and offices, and as China ordered its banks to tighten credit.

Declining Home Sales

Signs of declines have already emerged in the housing market where there are more recorded sales, said Saunders. He cited as evidence waning interest in government land sales, lower apartment transaction volumes and discounts from developers after banks increased mortgage rates more aggressively to offset their lending in yuan.

Home transactions in the city fell to a 30-month low in July, while a land auction earlier last month missed surveyors' forecasts. The HK$5.5 billion ($706 million) paid by a group including Sino Land Co. and Kerry Properties Ltd. was 33 percent below the median HK$8.25 billion and was the first and only bid.

MGPA has invested just less than 60 percent of capital in its third Asia fund in Singapore, China and Thailand, said Saunders. It also has had investments in Singapore, Malaysia and Japan through its earlier funds.

Middle-Class China

The firm in June bought a stake in Galleria Chengdu, a shopping mall that opened last year in the capital of China's southwestern Chinese province of Sichuan, as it seeks to tap rising consumerism among the young in a city with 12 million people, he said.

"We would like to do more of the same, retail in tier-2 cities," Saunders said. "It allows you to put your hands right into the pockets of middle-class China."

First-tier cities in China include wealthy urban centers such as Shanghai, Beijing and Guangzhou, according to the National Bureau of Statistics. Provincial capitals are labeled second-tier cities.

MGPA is negotiating acquisitions of several retail properties in provincial capitals in China and office buildings in Japan, Saunders said.


To contact the reporter on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net



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Monday, 5 September 2011

Singapore skyline as taken from 7th floor pool level at Marina Bay Residences

Nice shot of Marina Bay and the opposite buildings like Mandarin Oriental, Ritz Carlton, Esplanade...
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Saturday, 3 September 2011

H&M opens in Singapore at Orchard Road

Okay so its not Marina Bay area but this is exciting for cheap and good clothing...

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Good Morning, life is good in Singapore!

Woke up this morning early as I got to call Fedex on a delivery and thus walked around early morning at the Sail. Reading the papers and checking out the marina bay link mall for breakfast. Scrambed egg croissant + a 50pct off latte.

I really love living in Marina Bay. Where else can I work, go walking around the bay, eat and party?

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Friday, 2 September 2011

After work at Blarneys @ The Sail

Yeah its fun....downstairs at the Sail Tower 2 on a Friday night
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Lovely Marina Bay

Its so easy to take Singapore for granted...beautiful city, good $$$, clean air and fun city!!
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Your home in the sky

Nice bedroom eh? Awesome design and fantastic view!!

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View from UOB Plaza looking towards Clarke Quay

The building on the left is One George Street home to Bank Julius Baer, Tudor Funds, Cap-Asia....
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UOB Plaza podium level

UOB Plaza is a landmark office tower in Raffles Place...UOB was the hot financial area prior to the buildup of Marina Bay area including One Raffles Quay and MBFC

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Thursday, 1 September 2011

Busy street

Lots of office workers cross this busy Marina Boulevard to get to lunch at Customs House....there's actually an underground passageway from ORQ to NTUC bldg which is adjacent to Customs House....this traffic area is an accident waiting to happen with cars going in multiple directions
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Monday, 29 August 2011

Life in Tower 1 Bayview is like living in a resort!

I've lived at the Sail since 2008 and have lived in both Tower 1 and 2....and without a doubt the quality of lifestyle feeling is the best for stacks 1 through 6...

My favorite stacks are 2,3,4 and 5

Stacks 1 and 6 have a lot of non-bayview rooms so its not ideal.

Life in a direct unblocked unit at Sail well is like no other!!

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Sunday, 28 August 2011

Sunday at The Sail pool

Seems a lot of residents are away taking advantage of the long weekend cos Tuesday is also a public holiday "Hari Raya" the end of the muslim fasting period and a celebration time for muslims

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Friday, 26 August 2011

The Sail towers taken from Central Linear Park

Our buildings look good...very iconic part of Singapore skyline
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Marina Bay Financial Centre at sunset

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Marina Bay Financial Centre

This area is really starting to feel like Hong Kong...very swank and busy like IFC


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Awesome views from the bar Level 33

This place feels like Miami...very breezy and open views


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Marina Bay Residences

As taken from Level33 at MBFC tower 1
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Upcoming Asia Square

As you can see the floorplate of Asia Square is going to be huge...seems Citigroup is going to have a big presence there as you can see the got a neon sign on the tower
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Wednesday, 24 August 2011

Sail Towers

As taken from the ground floor
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Jogger after work

A lady banker jogging after work in Marina Bay. Most of the big banks have full shower facilities in their offices so staff often go jogging during lunch and after work!
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Marina Bay Sands

Photo taken after work from the ground floor of the Sail
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