BIDADARI FEB 2016 BTO - NOT SO PRIME SITE

The latest HDB BTO sales launch starts today on 24 Feb 2016. As mentioned previously, Bidadari forms part of this 'exciting' town which is parked under Toa Payoh. This means the usual restrictions pertaining to BTO launches in Mature Estate.

Let's get straight to the point. The new plot at Bidadari, called Alkaff Oasis, is not that prime of an offer. It's sited about 400-500m away from both MRT stations. There is a mosque and a school nearby. Two sides are road facing with no good views to offer. 

The good thing is, Alkaff Oasis is cheaper than the previous Bidadari offering in 2015. 

There are more 4-room units catering to earlier demands seen in 2015. That should be a consolation to folks who hanker after them...you should stand a higher chance. With the economic slowdown, you would probably expect less applicants too.

Good luck!



alkaff oasis, bidadari, bidadari estate bto, hdb bto, hdb bto feb 2016, Singapore

DBS CEO: 2 RISKS YOU HAVE TO KNOW

DBS CEO's recent earning call was nothing short of enlightening. Especially so in his single powerpoint slide on tail events. 

Two things make up that slide:
1. Large one-offs e.g., a large corporate collapse

2. Sharp RMB devaluation in the next three months

What's the probability that these two risks materialise? Nobody knows. But views that the yuan's devaluation is only beginning are abound. 

Sit tight folks.

KEPPEL DROPS

Is this what yesterday's drop was all about? 

Until there is more clarity, I am steering clear.