Saturday 26 November 2011
Wednesday 9 November 2011
Asia Square looking pretty awesome!!
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
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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Saturday 24 September 2011
Friday 23 September 2011
Monday 19 September 2011
Sunday 18 September 2011
This was my breakfast...yummy $16 at South Coast
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Mike from UK enjoying his breakfast at MBS
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Friday 16 September 2011
Sunday 11 September 2011
Saturday 10 September 2011
Wednesday 7 September 2011
Ambulance at 745pm at One Raffles Quay
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Tuesday 6 September 2011
Asian Property Up or Down?
you know as I look at investors pouring their money into "safe havens" like Swiss Franc and Gold
and taking their money out of "risky" investments like stocks and greek bonds
yet they also seem to be betting on growth currencies like Aussie Dollar.
This is really weird.
I think there is a thesis for two potentials for property...
1. property will follow other asset classes and go down..........HK property transactions and prices have already showed declines
OR
2. However we may see property prices in Singapore go up...there are multiple reasons ....SG$ 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 $$$ on the side in case prices go down so you can pick up good deals.....
what to do....
--
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and taking their money out of "risky" investments like stocks and greek bonds
yet they also seem to be betting on growth currencies like Aussie Dollar.
This is really weird.
I think there is a thesis for two potentials for property...
1. property will follow other asset classes and go down..........HK property transactions and prices have already showed declines
OR
2. However we may see property prices in Singapore go up...there are multiple reasons ....SG$ is considered a safe haven currency and also a growth currency that is tracks RMB appreciation....Spore property if anything is the safest place to invest in Asia cos and its the "Switzerland" private banking country of Asia......thus people could end up buying Singapore property as a proxy for Gold. At least with Spore property you can get a 3% yield and leverage....which is a lot better than Gold!
On the other hand it may make sense to have some $$$ on the side in case prices go down so you can pick up good deals.....
what to do....
--
SailAtMarinaBay.com Corporate Housing in Marina Bay
www.SailAtMarinaBay.com
http://www.sailatmarinabay.com/Serviced_Apartments_Compare_our_Units.html
Tel: +65 8168-1882
Hong Kong property prices??
Hong Kong's Peg Raises Risk Real Estate Prices May 'Roll Over,' MGPA Says
By Bei Hu - Sep 6, 2011 11:16 AM GMT+0800
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
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Sunday 4 September 2011
Saturday 3 September 2011
H&M opens in Singapore at Orchard Road
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Good Morning, life is good in Singapore!
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
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Lovely Marina Bay
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Your home in the sky
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View from UOB Plaza looking towards Clarke Quay
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UOB Plaza podium level
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Thursday 1 September 2011
Busy street
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Monday 29 August 2011
Life in Tower 1 Bayview is like living in a resort!
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
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Friday 26 August 2011
The Sail towers taken from Central Linear Park
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Marina Bay Financial Centre at sunset
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Marina Bay Financial Centre
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Awesome views from the bar Level 33
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Marina Bay Residences
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Upcoming Asia Square
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Wednesday 24 August 2011
Sail Towers
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Jogger after work
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Marina Bay Sands
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