Latest Posts By pharoah88
- Supreme
About pharoah88
|
|
| 30-Jul-2010 16:11 |
Genting HK USD
/
Genting HK US$
 Go to Message
|
||||
 x 0
 x 0
|
3rd September 2009 USD0.310
|
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 15:55 |
Genting HK USD
/
Genting HK US$
Go to Message
|
||||
|
x 0
x 0
|
Friday: 30 JULY 2010 PRiCE ACTiONS 15:00:35 USD0.250 1,000,000 Bought frOm Seller 15:00:46 USD0.250 1,000,000 Bought frOm Seller 15:01:07 USD0.250 1,000,000 Bought frOm Seller 15:12:30 USD0.255 1,000,000 Bought frOm Seller |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 15:43 |
CapitaLand
/
Capitaland
Go to Message
|
||||
|
x 0
x 0
|
Compared to Bombay, Delhi, Shanghai and Hong Kong, are prices here cheaper? I think relatively cheap, in view of the infrastructure on our small island. For example, in Sentosa (below), at the peak, properties were selling at $3,300 psf. Now oceanfront properties are going for $3,000 to $3,100 psf, and some are even selling at $2,500 psf. But there is no more land on Sentosa to be developed for sale. So, if you add in construction costs, I think developers will soon be selling at more than $3,000 psf. A Chinese national recently bought a Sentosa bungalow for $36 million from the seller who bought it only one year ago for $20 million. In Sentosa, there are only about 2,000 residential units. With the integrated resorts, demand will continue to be strong there. The integrated resorts have brought in many types of people. Some find Singapore a pleasant place to live in and may decide to buy a property here, to invest as a second home. Some who come here regularly might not want to stay in a hotel at the casino; or they may have other restrictions. Some bankers, for instance, are not allowed to stay in casino hotels. For the broader market, there is a possibility of some of those waiting for HDB upgrading to decide to buy private condominiums instead. Some of them will think: “I cannot wait. Why don’t I just upgrade myself, since housing loan rates are so low?” |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 15:40 |
CapitaLand
/
Capitaland
Go to Message
|
||||
|
x 0
x 0
|
‘I would allot 50 per cent of my portfolio to property’ Real estate has made a lot of Singaporeans millionaires, property never goes down to zero value, unlike stocks and shares, says CDL executive chairman Kwek Leng Beng Today ExclusiveKWEK Leng Beng, 69, is the executive chairman of the Singapore wing of the Hong Leong Group of Companies, a global conglomerate worth over $30 billion employing 50,000 staff. Mr Kwek is also the executive chairman of leading property developer City Developments Limited, and chairman and managing director of Hong Leong Finance, Singapore’s largest finance company. He is also chairman of London-listed Millennium and Copthorne, the hotel arm of Hong Leong Group. Mr Kwek, who holds a law degree from London, ranks No 9 on the Forbes 2010 Singapore rich list with a net worth of US$1.4 billion ($1.9 billion). He is married with two sons. In an exclusive interview with at-large com.sg) and senior writer Mr Kwek speaks about the property market. Today’s editor-Conrad Raj (conrad@mediacorp.Ansley Ng,Today: What do you think of the state of the residential market in Singapore now? Mr Kwek: I think the market is not so bad. In fact it is pretty good, it is healthy. If you analyse the private sector, in the middle section of the property market, we are only 1.4 per cent above the 1996 peak. Compared to the 2008 peak, we are 3.7 per cent higher. But everybody talks about property prices going very, very high, which is not correct if you look at the statistics. With inflation, after the worldwide stimulus package, the strengthening of our currency, and our gross domestic product now forecast to grow 13 to 15 per cent this year, the 3.7 per cent increase over two years is actually very small. If you look at the volume of new home sales, volume has increased by quite a bit. For the first half of this year, it was about 8,000 units, while in 2008 it was about 4,200 units. If you want to say that this is the beginning of a bubble, in that narrow sense, it is correct because we have never seen that kind of volume before. The volume will build up and the price will increase. But that also means there is stronger demand for property. I think the take-up rate for property is healthy because of the low interest rates, and the big jump in the GDP in the last two quarters. But we are very fortunate. The price increase is minimal. As long as GDP increases, I don’t think the Government will be unduly concerned if prices continue to increase.So, is owning property a good thing? Real estate, as studies show, has made a lot of Singaporeans millionaires. Why? 80-odd per cent own real estate. Many own condominium units. Property never goes down to zero value in most cases, unlike stocks and shares. Property prices go in cycles. But if you study the charts, after every five to seven years, prices return to the next high. Why? Because we have a good government, we are forward looking, we are a small island, and interest rates are low. If you put money in a bank, you get about 0.25 per cent per annum. So, why put all your money in a bank? You should diversify your portfolio and put some in real estate. Your money in the bank, say, one year at 0.25 per cent. After four years, it is 1 per cent. If within four years, Singapore properties cannot increase by more than 1 per cent, then Singapore is not the right place for you to invest in anything at all. But I would say the current sentiment is not as hot as before because of the recent measures introduced by the Government to prevent the start of a bubble. In terms of prices, we have not really seen them escalating. For example, at the high end, prices range from $1,800 to $2,200 per square foot. I believe we are still 15 to 20 per cent below the peak. Do you remember, at the peak, prices were done at $5,000 psf? Today, how many properties are done at $4,500 psf? It doesn’t mean it won’t go up to $4,500 psf or beyond. We just don’t know when. How are the problems in Greece and Hungary affecting us? Yes, this could be a problem, but to me, if the world can deal with a global financial meltdown, this is only regional and it can be dealt with. Is bidding at Government Land Sales still as fierce? You notice that during the bidding at Government land sales, the local developers don’t bid as fiercely as before. It’s only the foreign companies, mainly the Chinese, whose developers and construction companies are coming to Singapore because the Chinese market hasn’t been doing as well. They think there is a lot of money to be made in this part of the world. They bid higher because they’ve got their target audience in China. They think they can get a lot of Chinese to buy here. How long do you think the present upturn will last? Provided you have the right pricing and location. If priced wrongly, especially if the location is not so good, I don’t think the properties can move. Or the response may not be so quick. This buoyancy will last if the global economy recovers quickly. Every fund manager is looking at this part of the world — the Asia-Pacific region. They think the West is going to take a longer time to recover. Many wealth management and private banking operations are coming to Singapore. A lot of funds, including private equity funds, raise plenty of money but have nothing to invest in. They only want to sell. With this kind of scenario and with inflation starting to be a concern, what better hedge is there other than property? How do properties in Hong Kong and Shanghai compare with those in Singapore? You look at Hong Kong. In the worst of times, the largest fall in property prices was about 60 per cent, compared with about 38 per cent in Singapore. But today, Hong Kong has surpassed Singapore in terms of prices. Even in Shanghai, where I was last week, at the very high end, a developer was proposing to sell at 200,000 yuan per square metre or about $4,000 psf. It had 36 units and there were more than 300 people wanting to buy. Do you see a lot of foreign money coming in? They are coming but I think not as much as before the recent financial meltdown. Malaysians are here and the Chinese are coming, but not as many as before. Maybe this is the beginning. When markets crash in your hometown, you realise, maybe the overseas markets are better. We have other foreigners — Indonesians, Australians and British, but not as many as I have seen during the boom of 2008. How long do you think the low interest rate regime will last? We used to pay 10 to 12 per cent on our mortgages, and now it is only about 2 per cent. Governments know that you cannot allow interest rates to go up too high because you will kill the economic recovery. You cannot have double-digit interest rates on a sustained basis. It is not possible. Singapore is one of the cheapest in quality housing and there is no shortage of housing loans. Here in Asia, we think we must have a roof over our heads no matter what. Many are millionaires not because their wealth is from stocks and shares, but because they are backed by property. What have developers been doing to ensure there is no bubble? What they are trying to do is to price it right to let their inventory move, and at the same time they have to prevent their prices escalating. What they want is to continue to sell, so that they can have good quarterly results, in line with forecasts. They also know what the Government’s intentions are. The Government will continue to offer land for sale. The developers may not be able to succeed in all their bids, but as long as there are land plots for sale in the pipeline, it’s okay. But you must remember, it will take about three to four years to complete projects. What you want is to lock in your cash flow. This time round, developers are not overgeared, so they are not burdened by high interest payments. Of course, if they can, they will raise selling prices. But they’ve also got to be frightened because there is a lot of competition. With foreign developers coming here, will local developers lose out in having an adequate land supply? Foreign developers who come here, like those from China, haven’t got the experience yet. The local developer may have better quality, better design and better understanding of the market. But if these foreign developers are targeting Chinese customers, they might have an advantage over the local developer. But I don’t think they will continue to keep bidding high prices for land. They can try in a couple of sites, but if they don’t make money, they will be very reluctant to put in bids for, say, 10 sites at one go. But when they make money and become more confident, they might tender higher in future bids. Land supply, which depends on the Government, is always adequate. The Government can also always increase plot ratios of land parcels. You say property is a good hedge and a good investment. What sort of yields are people getting? The yield for residential properties can be as low as 2.5 to 3.5 per cent. But rentals are starting to go up. In the best of times, you can get 5-per-cent yield; in the worst of times, you get 2 per cent. Even then, it’s better than bank rates. One of the things I am trying to do is to convince private bankers to sell real estate. They are always trying to sell bonds, equities and the like, but they never sell real estate. For example, in places like London — in the Belgravia area, Knightsbridge, Chelsea and Kensington, you have the Chinese, Hong Kongers, Singaporeans and Arabs who are investors. Prices in these areas have not come down in the recent recession. Likewise, foreigners will want to come to Singapore. We are the hub of everything. When it comes to portfolio investments, what sort of balance are you looking at? How much would you allot to property? I would allot 50 per cent to property. Everybody says property is not liquid. Yes, it’s true. Shares are more liquid. But it’s more a question of pricing. Suppose your condo is worth $1 million and you need money urgently. You can sell it at $800,000. Do you not think anyone will buy? There will be buyers, especially when there is no shortage of housing loans in Singapore. And if you can borrow from the bank, why shouldn’t the bank lend to you? The highest decline in property prices was 38 per cent. If the bank lends you 35 to 40 per cent, how can the bank lose? They know the value of property here will not collapse like a pack of cards. On the other hand, if a bank lends money for shares in a company that goes bust, the shares become worthless. For property, as long as the bank holds on, restructures the loan, allows the customer to repay, it is almost always certain that property prices will recover. How do you define affordability? How much of your income should be used to pay off the mortgage? Maybe about 30 per cent of your disposable monthly income will be very comfortable. If you have a problem, go to your banker to restructure your loan. They will restructure. After all, they want to be stay in the business. The bank will be frightened if you don’t pay them a single cent. |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 15:23 |
CapitaLand
/
Capitaland
Go to Message
|
||||
|
x 0
x 0
|
Deciding between FREEhold and leasehold Png Poh Soon property@mediacorp.com.sg Jing Tan g property@mediacorp.com.sg W Against this backdrop, the preference for freehold property over leasehold property is simple economics — if supply is limited and demand increases, prices go up. We studied resale prices of freehold versus leasehold properties and found that the difference was between 10 and 15 per cent. There are many factors that can affect resale prices over time. Location, proximity and unit types are among the variables. Admittedly, it is quite difficult to find freehold land and leasehold developments in close proximity. Nonetheless, there are still some locations that fit our selection criteria. Also, in arriving at our 10- to 15-per-cent figure, we categorised transactions by floor area, to eliminate discounts of larger units. But this differential between freehold and leasehold properties is also affected by market conditions. During a downturn, both freehold and leasehold properties slide in tandem with the broader market. At times, the price differences narrow. This then becomes a window of opportunity to buy that coveted freehold property. Interestingly, when the broader market recovers, freehold properties, in particular those with significant en-bloc potential were observed to appreciate faster than leasehold properties. In some cases, the price premium reached more than 25 per cent. But before you splurge on that dream freehold property, there are a few points to note. The first is that despite the property being freehold — age matters. Older developments command lower prices and also have a slower rate of capital appreciation. This is because of a variety of factors. Among them: The greater cost of maintenance and a general preference among Singaporeans for newer properties with fancy fixtures and fittings. But when it comes to buying property, whether for consumption or investment, it is important to understand your budget, needs and holding horizon. For example, when the market sees a short-term spike, the tenure of the property does not really matter especially if you’re looking for a quick gain and price momentum is all that matters. In the longer run, however, freehold properties are less risky in terms of returns and volatility. This is not to say that leasehold properties are always poor cousins to freehold. In fact, we noted that some new leasehold properties have seen their prices rise faster than new freehold properties. And if rental yields are what you are concerned with, leasehold properties are able to give a better return compared to their freehold counterparts, all things being equal. After all, why would a tenant care if the property was leasehold or freehold? But again, even for leasehold properties — age is a factor. Once the tenure of a leasehold property goes below 30 years, its value declines sharply as prospective buyers will not be able to withdraw funds from their Central Provident Fund account or secure a loan for the property purchase. hy are freehold properties preferred to leasehold properties? Given that the current median life span in Singapore stands at 81.4 years, a 99-year leasehold property, whose ownership reverts to the State after this period, offers a more than adequate home for any one generation. But setting aside owner-occupation, if you expect your property to be an investment for wealth preservation or a legacy for future generations, then a freehold home, which allows you to hold the property in perpetuity, makes more economic sense. This argument holds even for 999-year leasehold properties, which effectively function like freehold properties, although technically and legally they are in effect still leasehold properties.Mr Png Poh Soon is senior manager and Miss Jing Tang is an analyst at Knight Frank’s consultancy and research department. |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 15:10 |
CapitaLand
/
Capitaland
Go to Message
|
||||
|
x 0
x 0
|
What BOOMS will eventually bust COMMENTARY Colin Tan property@mediacorp.com.sg W In the early days, the evidence suggested that the Singapore private housing market had a cycle — from boom to bust — of about six to seven years. For a healthy and growing economy like Singapore’s, these cycles oscillate around an upward sloping long-term trend line — that is, each boom and bust is higher than the previous high and low points. However, with the onset of globalisation and the opening up of the Singapore economy to the world, our cycles appear to be growing alarmingly shorter and more pronounced after each boom and bust. The more pronounced and shorter the cycles, the more speculators and investors it will attract because there is big money to be made in double-quick time. The official price index showed that our most recent down-cycle lasted only four quarters. Our current up-cycle has just completed its fourth quarter. The sharp rebound that began in the second half of last year was peppered with two sets of cooling measures, which some say, helped to extend the life of the current up-cycle. How much longer will this extension last? The private housing market these days behaves more and more like the stock market, given the predominance of investors over owner occupiers. Shoebox apartments are akin to penny stocks or warrants, more to speculate with than to live in. It is quite clear that there is now a “buzz” about the Singapore economy which Prime Minister Lee Hsien Loong said was missing before. Foreign visitors tell me they feel it too, an excitement about the city which they did not experience on their previous trips. This explains why our properties look extremely attractive to outsiders. Even foreign insiders, Permanent Residents who have lived in Singapore for more than 10 to 15 years and who have not invested in Singapore property in a big way before, are not hesitating to spend lots of cash — and I mean cash — for properties which catch their fancy. Yes, the homes these people are looking at are all good, solid properties. But even for such properties, there is a fair price. Not one which is only fair 10 years down the road. What good is property as a hedge against inflation when you are already grossly overpaying for it? But I cannot blame them. If not them, others are more than willing to cough up the cash. Notwithstanding my red flags, I will also admit that the market will only correct when it is ready to do so. Before that, no amount of logical reasoning can convince the market to behave otherwise. Like a fever, it needs to run its course. Some have commented that even if prices were to correct, they will never return to the levels five years ago. Normally, I would agree. But these are not normal times. Interest rates have been abnormally low for the longest sustained period ever. I would not be surprised even if prices were to descend to below those previous levels. The market is surely building itself up to possibly the greatest crescendo in Singapore’s short property history. We are setting records — buying and supplying more than we have ever done before in the past twelve months. Most investors tell me they are longterm players and they have the resources to hold onto their properties. What do they actually mean? It was not so long ago that the Government was trying just to get every Singaporean household to own their homes. Have we progressed so far and so fast that many households are now able to buy their second or third properties? Do these investors mean they can fully pay for all their properties to maturity? Or do they mean they can comfortably service their loans for up to two or three years under current conditions. What happens when these conditions change? Are they taking low interest rates as a given?
What good is property as a hedge against inflation when you are already GROSSLY OVERPAYING for it? |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 14:47 |
Others
/
Photographying Floods can be risky too
Go to Message
|
||||
|
x 0
x 0
|
|
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 14:16 |
CapitaLand
/
Capitaland
Go to Message
|
||||
|
x 0
x 0
|
Time to relook plot ratios COMMENTARY Conra d Raj conrad@mediacorp.com.sg I However, some of our building policies appear to be wasteful of that precious resource, land. Residential plot ratios here must be among the least generous among the major cities of the world. In most parts of the island, plot ratios are between 1.4 and 2.8 times the area of the site, meaning you can have a gross floor area of between 1.4 and 2.8 times the size of the land area. So, if you have a 1,000 sq ft plot of land, you can have a built-up floor area of between 1,400 sq ft and 2,800 sq ft. The higher the plot ratio, the more gross floor area the developer is able to build up to, thereby maximising his profits Plot ratios are used to control the height/form of a particular development. In general, each plot of land is assigned a particular plot ratio. Developers and architects are not to exceed this plot ratio in their design or a development charge may be imposed. According to Urban Redevelopment Authority guidelines, a site with a 1.4 plot ratio may be allowed to be developed up to a maximum of five storeys. One with 1.6 plot ratio up to 12 storeys, 2.1 up to 24 storeys and those with a plot ratio of 2.8 up to 36 storeys. However, Hong Kong, which has a slightly higher population density, has plot ratios of between eight and 10 on Hong Kong Island, 7.5 on Kowloon and New Kowloon, eight in Tsuen Wan, Kwai Chung and Tsing Yi and between three and 6.5 in the rest of the Special Administrative Region. There are, of course, exceptions in places designated for low-rise buildings like the Peak. In other words, developers in Hong Kong enjoy gross floor areas of more than three times the allowable space here. I am not advocating densities anywhere near those of Hong Kong’s — that kind of crowding could drive most of us here mad. But surely the authorities here can be more generous? As everyone knows, people like to live in or around certain popular districts, especially in areas near the Central Business District and near MRT stations. So, why not have higher plot ratios in these popular areas? To me, it does not make sense for a site in Geylang to have the same plot ratio as one in Cairnhill, Newton or the Orchard areas. Surely with more people wanting to live in the latter areas, the authorities could provide for higher plot ratios in these areas. Quite often, decisions on plot ratios here appear to be quite arbitrary. They are supposed to be made on the basis of what the infrastructure in the area can support. But, alas, in reality that does not seem to be the case. Take, for example, the area bounded by Cairnhill Road, Peck Hay Road, Clemenceau Avenue and Scotts Road, a private residential plot there has a ratio of 2.8 while adjacent state lands have plot ratios of 4.2. Across the road, near Newton Circus, the plot of land next to the Sheraton Hotel and on which a new condominium complex developed by CapitaLand Holdings has risen also enjoys a plot ratio of 4.2, whereas all other developments in that area carry a plot ratio of 2.8. Don’t they all depend on the same infrastructure of roads and other amenities? And why restrict the height at these places to 36 storeys, especially when more and more people these days are losing their fear of heights and actually enjoy high-rise living? Why also prevent more people from enjoying the view? For sure, some hurdles are coming down. For instance, the Icon at Tanjong Pagar — a mixed development — has a plot ratio of 8.4, with the residential apartments going up to 46 storeys. Apartments at The Sail at Marina Bay rise up to 70 storeys at one tower and 63 storeys in the other tower. But these appear ad hoc. I know that one of the reasons for the current low plot ratios is to allow for future redevelopment of these sites but why can’t residents enjoy the benefits now, especially in the better and more sought after locations? The Government can also benefit from higher development charges in these areas. So, let us not waste one of our precious assets with plot ratio restrictions. n a place as small as Singapore, with one of the highest population densities in the world, space must be and is at a premium.The writer is editor-at-large at Today. |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 13:40 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||||
|
x 0
x 0
|
Two avenues of CLAIMS are possible - Regulators ? - Vendors ? Similar to the: High Notes Case ? Structured Products Case ? SAGE says, "When Reguator is nOt Regulating . . . . When ChairPerson is nOt Chairing . . . . When President is nOt Presiding . . . . When Director is nOt Directing . . . . When Manager is nOt Managing . . . . When Executive is nOt Executing . . . . When Accountant is nOt Accounting . . . . When Controller is nOt Controlling . . . . When Analyst is nOt Analysing . . . . When Producer is nOt Producing . . . . When Parliament is nOt Parliamenting . . . . When Minister is nOt Ministering . . . . When Police is nOt Policing . . . . When Soldier is nOt Soldiering . . . . When Judge is nOt Judging . . . . When Competitor is nOt Competing . . . . When Worker is nOt Working . . . . When Employer is nOt Employering . . . . When Employee is nOt Employeeing . . . . When Maid is nOt Maiding . . . . a MiSaccountability can be PROaccounted ? ? ? ?"
|
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 12:55 |
Genting Sing
/
Genting SP Next Move
Go to Message
|
||||
|
x 0
x 0
|
In JUNE 2010, OVERHEARD one auntie told her friends that she knew one uncle already made S$3+ Million on Genting Singapore alone. REGRET i did not have such a FRiEND amongst my FRiENDS.
|
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 12:41 |
Others
/
GIC and Temasek
Go to Message
|
||||
|
x 0
x 0
|
MAS records $10.12b profit Recovery in global markets helps overturn $9.2b loss last year Wong Siew Ying siewying@mediacorp.com.sg SINGAPORE #### HOW dOes MAS make mOney ? ? ? ? #### This overturns a loss of $9.2 billion a year ago. The central bank also announced new initiatives to help banks better manage liquidity. A stronger Singapore dollar, interest and dividend income, and asset valuation gains boosted the latest earnings at MAS. These came with stronger economic growth. But MAS believes the pace of growth in the first six months may not be sustained in the second half. “Growth is likely to have peaked at the middle of the year, and will moderate to a more sustainable rate, as external demand slows after the post-crisis bounce from stimuli measures and inventory effects wane worldwide,” said MAS managing director Heng Swee Keat. MAS said it expects inflation to rise in the second half, on higher car and commodity prices. But increases in consumer prices are likely to range between 2.5 per cent and 3.5 per cent. Property prices, on the other hand, are not likely to significantly affect near term inflation, said the central bank. Mr Heng said measures have also been taken to cool the property market. These included the withdrawal of the interest absorption scheme and lowering the loan-to-value ratio to 80 per cent. MAS said it will also ensure that banks remain prudent in their lending. Food prices, however, may trend up. “We’ve got droughts in parts of Asia, but we also have flooding in other parts as well. Perhaps there may be an issue of supply disruption causing the prices of meat or vegetables to rise but no where near the peak of 2008,” said Mr Song Seng Wun, regional economist at CIMB. MAS said its current monetary policy stance, tightened in April, remains appropriate to contain inflationary pressures. The central bank will also issue short-term Bills in the second quarter of next year to help banks manage their liquidity. The MAS Bills will be phased in gradually, with an initial sum of up to $20 billion. Banks can sell them or pledge them as collateral.Observers said the introduction of the MAS Bills will help deepen the capital markets and provide financial institutions more flexibility in managing liquidity. The Bills will also offer another safe avenue for the banks to park their cash, especially during this period where liquidity is plentiful. The central bank will also enhance the standing facility which is the key liquidity facility for the banks. With immediate effect, MAS will accept Sing dollar debt securities issued by AAA-rated and zeroweighted public sector entities — The Monetary Authority of Singapore (MAS) has recorded a net profit of $10.12 billion in its fiscal year to March 2010 on the back of a recovery in the global markets. |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 12:18 |
Others
/
Photographying Floods can be risky too
Go to Message
|
||||
|
x 0
x 0
|
THE GREEN MYTH If we all did our part, it might still not be enough I refer to “It’s not too late” (July 26), imploring people to use their air-conditioners less to prevent further floods in Orchard Road. While I agree that we should all aspire to use fewer natural resources, I feel this issue needs to be put into context for those who perpetuate the MYTH that little Johnny can make a difference by switching off the odd light-bulb here and there. I’m from the United Kingdom, one of the largest economies in the world. The UK as a whole contributes just 1.8 per cent of total global carbon dioxide emissions annually. So if the UK sank under the waves of the Atlantic Ocean tomorrow, global CO 2 emissions would be reduced by just 1.8 per cent. It is only the governments of the world’s largest emitters that can make a difference. Anything less and little Johnny is not doing anything useful. LETTER FROM PAUL O’HAGAN |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 12:10 |
Others
/
Photographying Floods can be risky too
Go to Message
|
||||
|
x 0
x 0
|
Sea change needed Saitama example could provide solution to flood woes Letter from Tan Keng Tat I REFER to the PUB’s plans to “fast-track drainage improvement works — widening and deepening drains and raising road levels — in five areas around Singapore” to prevent potential floods in future (“Wider, deeper drains”, July 24). These plans are commendable but paradoxically, in the experience of Kasukabe City in the low-lying Saitama Prefecture, near Tokyo, only a holistic and audacious approach can stop flash floods in Singapore for good. Anything less will only postpone the inevitable. Kasukabe City, which was hit by six major floods, solved its problem by constructing the world’s largest underground water infrastructure, consisting of five giant, vertical intake silos, each 65 metres in depth. These giant intake silos are located near recalcitrant rivers, canals and waterways to stop rain water from rushing onto the streets. Rain water, which drains into these giant intake silos, flows at an accelerated rate along a huge 6.3km long underground tunnel into a colossal surge cavern, measuring 177m in length, 78m in width and 25.4m in height. From here, the water is discharged into the sea by a number of 10-megawatt gasturbine pumps, at an astonishing rate of 200 cubic metres per second. Since Singapore plans to be self-sufficient in water management in the future, adopting this system can turn a perennial nuisance into a precious asset by not discharging the water into the sea in the first instance, but instead into our 15 reservoirs. Only when these reservoirs are judiciously filled to near-capacity will the excess water be discharged into the sea. I hope the PUB will study the unique flood-control system in the Saitama Prefecture and, if deemed viable, adopt or adapt it post haste before our reputation as one of the world’s most liveable cities is reduced to tatters by flash floods. |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 12:01 |
SMRT
/
SMRT
Go to Message
|
||||
|
x 0
x 1
|
Tripped up by route planner Letter from David Soh Poh Huat IF YOU wish to take a SMRT train on the Circle Line from Marymount Station, the fares to Esplanade and Bras Basah stations are $1.54 and $1.50, respectively, as shown on the TransitLink website. However, the fares displayed on the notice board at Marymount Station indicate that the fares to the stations are $1.44 and $1.40, respectively. Which is correct? Also, when using the website’s Public Transport Journey Planner, only the route of the shortest distance is listed. But in some instances, say from Marymount to Dhoby Ghaut station, there are multiple routes (direct on the Circle Line or transferring from Circle Line to North South Line at Bishan). In such cases, perhaps the website could list all possible solutions, to allow commuters to make an informed choice. Finally, I believe the SMRT system fails to take one thing into account: The estimated time it takes to transfer from one line to another, as well as waiting time. This is particularly pronounced at Dhoby Ghaut, where the platforms are a few minutes’ walk apart. |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 11:46 |
RafflesEdu
/
Raffles Edu
Go to Message
|
||||
|
x 0
x 1
|
Raffles Education should consider starting SEX FACULTY with PhD in SUPER SEXOLOGY Master in Advanced SEXOLOGY Bachelor in Foundation SEXOLOGY Diploma in Introductory SEXOLOGY |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 11:42 |
RafflesEdu
/
Raffles Edu
Go to Message
|
||||
|
x 0
x 0
|
WHY is MOE so EAGER to TEACH SEX to School Children ? ? ? ? INSTEAD of TEACHING ENTREPRENEURSHIP ? ? ? ? DiD MOE ask their PARENTS whether they want SEX education for their Children ? ? ? ? |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 11:37 |
RafflesEdu
/
Raffles Edu
Go to Message
|
||||
|
x 0
x 0
|
Students talk about sex, babies At Woodlands Secondary and Serangoon Secondary schools, Eka Training Group — one of the six vendors approved earlier — founded by a team of psychologists, taught lower secondary girls in April about the changes their bodies go through during puberty, according to information on the schools’ websites. The group held the same talk in Boon Lay Secondary a month earlier. While it could not be contacted yesterday, the vendor was previously reported in According to Focus on the Family Singapore, it has confirmed arrangements with seven schools to teach their “No Apologies” programme. Over four hours, trainers will talk about the relationship between love and sex, the consequences associated with pre-marital sex and the benefits of abstinence until marriage. Fei Yue Community Services has not signed up with any school yet, but is in negotiations with three. Their programme looks at relationship-building between boys and girls. MOE said schools can access an internal system to view and select appointed external providers, as well as inform MOE of their engagement of the provider. The Straits Times to have a ‘pro-life’ stance on abortion and deems education about contraception as essential. More schools look set to hire these external vendors. |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 11:32 |
RafflesEdu
/
Raffles Edu
Go to Message
|
||||
|
x 0
x 0
|
Students get to talking about sex and babies ALICIA WONG alicia@mediacorp.com.sg SINGAPORE These are among the topics for which eight schools have selected external vendors to teach as part of a sexuality education programme. A seventh vendor has also been approved by the Ministry of Education. aLife, a voluntary welfare organisation, has been offering sexuality education programmes for some years. It has already been hired by one school. At Zhenghua Secondary, lower secondary students will be taught about “human development” this September, by aLife chairman Peter Chew, an experienced gynaecologist. Focusing on puberty, body image and sexual identity, aLife’s one-hour course aims to increase students’ awareness of the physical changes in their bodies, according to the programme outline on the school’s website. Meanwhile, Secondary Four and Five girls will be taught about “sexual health and behaviour” in a one-hour session next month. They will learn about physical changes in their bodies and the medical facts about masturbation, abortion and contraception. The male students had their talk earlier this month. Dr Chew told MediaCorp the organisation has conducted talks at five schools this year. The talks are held by doctors and abide by MOE’s guidelines, he said. “The programme aims to let them understand their sexuality ... we deal with (topics) from a medical perspective,” he said, adding that students are taught “appropriate knowledge” according to their age. So far, feedback from students and teachers has been “very positive and encouraging”, he said. Vendors now have to be approved annually by the MOE, after the ministry suspended external programmes last year in the wake of complaints about the Association of Women for Action and Research’s Comprehensive Sexuality Education programme. Schools were given the green light earlier this year to appoint vendors from MOE’s new approved list, and — Some students will be learning about the medical facts surrounding contraception and abortion. Others will learn about what their bodies go through during puberty.The Straits Times reported yesterday that eight have done so.Schools select vendors for sexuality education |
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 11:28 |
RafflesEdu
/
Raffles Edu
Go to Message
|
||||
|
x 0
x 0
|
This is called TRAPPiNGS By throwing just 1 lOt at a Time nObOdy is afraId and BUY QUEUE wOn't PANiC [similar to BoIlIng frOg In warm to hOt water] BUYER whO is thrOwn the 1 lOT alsO cannOt run away and have tO cOntInue stayIng back In the QUEUE . . . .
|
||||
| Good Post Bad Post | |||||
| 30-Jul-2010 11:11 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||||
|
x 0
x 0
|
YES. GOOD iDEA We nEEd a CHARISMATIC LEADER who is also a SUPER CONMAN CFA. SAGE says, "It takes a SUPER THiEF to catch thieves."
|
||||
| Good Post Bad Post | |||||
| First < Newer 9081-9100 of 13894 Older> Last |