Last Friday, the cryptocurrency market suffered an irrational sell-off. An estimated $115 billion worth of different digital coins were wiped off in a single day. What happened to bitcoin? In less than 13 hours, the price of bitcoin plunged 15 percent to USD7,700, before bouncing back to the USD9,000 level on Saturday. As I am writing this, the price of bitcoin … [Read more...]
Thoughts from the release of PSLE results
Last Friday was an exciting day for me as I joined the parents of 38,942 primary six students who had their PSLE (Primary School Leaving Examination) results released on Black Friday. The PSLE result experience It was done in the school hall where all the pupils sat in lines on the floor. Their equally-anxious parents were seated behind at the back of the … [Read more...]
To live a long life for properties
Do you know there are at least 3 scenarios that you need to stay healthy and live a reasonably long life for the sake of properties? Scenario 1: When you need to pay a 35-year mortgage. Scenario 2: When you buy your property at a historically-high price. Scenario 3: When you are really into property investment. Scenario 1: If you have a 35-year … [Read more...]
3 lessons I learned from National Day Rally 2017
Did you watch the 2017 National Day Rally last Sunday evening? No, our Prime Minister didn’t mention the master plan or the property market. Nor did he cover any schedule to relax the cooling measures. As expected, there’s no mention of MRT either. He only talked about e-payments, diabetes and pre-school education. Tay Kah Poh, Executive Director & Head of Residential … [Read more...]
Is property a good investment in times of war?
The Easter weekend was filled with tensions. It started with Donald Trump using Afghanistan as a testing ground for the Mother Of All Bombs and killed 96 Islamic State militants. This was followed by a failed missile launch by North Korea on Sunday. US Vice-President Mike Pence warned that ‘the era of strategic patience is over’. Suddenly, everyone is on their toes. A war … [Read more...]