Finally Sold Sengkang

After our HDB rental passive income nightmare over the first half of the year, we’ve finally sold off our Sengkang unit.

It was not the lofty high price I would’ve wanted, but in hindsight this was a very good transacted price.

There are so many new launches in the north eastern part of Singapore especially the Sengkang and Punggol region, with more coming up over the new 5 years.

Coupled with how dense a HDB urban jungle that the place now is, how can prices appreciate any further?

I will cherish the memories, but when I own a second property again, it shall be a private one.

Hopefully it won’t be too long for that to happen.

Hurt ah!

SaxoSelect Now Launched

Welcome to the managed funds disrupter.

This is a revolutionary product.

Good luck to everyone by the way side.

Saxo New Accounts Section

How impressive is this?!

Now I can truly track my own portfolio and see which asset classes I make my best and worst trades!

Obviously I am not a good trader judging from the likes of this picture!

SG Property Prices Are FINALLY Turning Up!

Trust me I look at this at least once a week.

The key indicator for SG properties is the East Coast, and where better than the collective stretch of older by-the-sea condominiums.

Over the last two months, listings have reduced. Not only is that an indicator that people are snapping up these properties, but because of the latest enbloc fever, there is a very likely chance that those property owners who've suddenly had cash windfalls are looking at a nice spacious seaside condo.

Mandarin Gardens 3-bedders used to yield 50+ listing on PropertyGuru just 3-4 months ago. Now it's drastically down to 20+ and when sorted by lowest price, the minimum is at $1.45mil. Previously as low as $1.2mil for a very low floor was still possible.

Laguna Park is the biggest recipient of the Thomson East Coast Line (TEL), and the station is directly outside its entrance. Suddenly listings dried up overnight and everyone is asking for the moon. 12mths ago it was still possible to find a unit for $1.6mil.

Neptune Court is the lowest end condo of the three due to its lack of facilities. Yet it's unites are commanding almost $1mil when 4mths ago it was still possible to get $800k units.

Me And My Company

As part of the Saxo Sales Academy training, the final module was titled Me and My Company.

Possibly one of the most useful modules.

I really liked it.

S&P500 Euphoria

Please don't tell me this is NOT euphoria.

Short@2,495 with Stop@2,510 and TP@2,445

Cashflow Worries

Buying a new property has brought a whole new set of problems.

Worrying about paying down the hefty loan.

Worrying about paying paying back what the wifey has had to stump up up front.

Worrying about paying for renovation.

Worrying about paying for furniture.

Worrying about paying rental for the remaining months at my present place.

Worrying about what we will receive from the proceeds of our other property.

Worrying about having to make this year's SRS contribution.

Worrying about saving money every month.

It's no wonder the white hairs are starting to appear.

August Performance Update

Another month, and another red figure.

Geez.

Maybe I have to quit all this trading and just save up my money in a savings account.

-15.1% for the year. 

Laughable.

One Simple Update

Busy.

We've just bought a new home.

In the process of selling our current one.

Will blog more details to come.

Started a new 'Property' category.

June/July Performance Update

Haven't blogged much because my performances have been so bad!

Spending too much time speculating on FX!