Singapore's Billionaire Brothers: Robert and Philip Ng

Robert and Philip Ng are billionaire brothers from Singapore. They are the sons of Ng Teng Fong, a prominent businessman and property tycoon who founded the Far East Organization, one of the largest real estate development companies in Singapore. After their father's passing in 2010, Robert and Philip took over the reins of the family business and have continued to expand and diversify their real estate empire.

Robert Ng is the older brother and serves as the Chairman of the Far East Organization. He is known for his low-profile nature and is actively involved in the strategic planning and development of the company's projects. Robert is also a patron of the arts and has supported various cultural initiatives in Singapore.

Philip Ng is the younger brother and serves as the CEO of the Far East Organization. He is known for his keen business acumen and has spearheaded the company's expansion into new markets, including Australia, Hong Kong, and China. Philip is also involved in various philanthropic endeavors and has made significant contributions to education and healthcare initiatives in Singapore.

The Ng brothers are widely regarded as some of the wealthiest individuals in Singapore and have played a pivotal role in shaping the country's real estate landscape. Their success and wealth have made them influential figures in both the business and social spheres of Singapore.

Singapore REITs - History and Regulations

Singapore has probably done more than any other Asian country to grow and foster its Real Estate Investment Trust (REIT) market.  Since the first REIT was listed till now in 2012, the number of listed REITs in Singapore has grown and looks set to surpass Japan for the top spot in terms of market capitalisation in the next 5 years.  Its foundation was not without trouble though.

In the beginning....

The first REIT to be listed in Singapore did not take off.  Its public offering took place in November 2001.  The developer was Capitaland and the REIT was SingMall Property Trust.  Offered at S$1.00 each with a forecasted earnings yield of 5.75% for 2002 and 6.05% for 2003, it was scrapped when the issue was only 80% subscribed.  The cause for the weak market sentiment was probably due to the aftermath of Sept 2011  and the uncertainty that was around.  Poor understanding of what a REIT was could also be a contributing factor.

A year later (July 2002), the original three major shopping centres/malls of Junction 8, Tampines Mall and Funan the IT Mall were repackaged into CapitaMall Trust.  The yield offered was 7.1% this time and investors were hooked.  This ushered in the start of the REIT market in Singapore.

The next few REITs to be listed on the Singapore stock exchange (SGX) were Ascendas REIT ( November 2002) and Fortune REIT (October 2003).

Today, there are around 20 REITs listed in Singapore covering various property types like commercial, residential, hospitality, hospitals, industrial, and retails.  Many of these are also cross-border REITs and own properties outside of Singapore.  These include CapitaRetail China Trust, First REIT, Frasers Commerical Trust (previously known as Allco REIT), Ascott REIT, LippoMall Indonesia Retail Trust, etc.

With many sponsors being developers too, it is highly likely that these sponsors will also inject future properties into the trusts already established.

Friendly Regulations played a part

Regulatory changes probably played an important role in fuelling investors' enthusiasm for REITs.  Withholding tax was set at 10% while there was full tax exemption for local and foreign individual investors.

The gearing limit (i.e. amount of debt the REIT could raise), was also increase from 25% to 35% and went up to 60% (on the condition that the trust received a rating from a credit rating agency).  Of course, some analysts have commented that the 60% gearing is not conditional on any rating the trust receives as long as a rating is obtained.  Through borrowing, a trust could potentially fund new purchases using cheap debt while increasing the amount of distributions to unit holders.  And that probably explains the acquisitions that followed for SREITs after the gearing level was increased.

REITs listed on SGX

Do note that some trusts are listed on the SGX too and these are not to be confused with REITs.  REITs are required to pay out 90% of their profit as distribution to enjoy tax incentives. Trusts do not have to do that.  So there is certainly less certainty on the distributions that one obtains from trusts as compared to a REIT.

Most of the REITs (if not all of them) are equity REITs in the sense that they hold real immovable properties unlike some of the mortgage REITs listed in the US stock exchange.

Here is the list of REITs listed on SGX:

1. CapitaMall Trust
2. MapleTree Industrial 
3. Ascendas REIT
4. CapitaCommerical 
5. Suntec REIT
6. Mapletree Logistics
7. Mapletree Commercial
8. Saizen
9. First REIT
10. Cambridge REIT
11. LippoMalls Indonesian Retail Trust
12. Cache
13. Starhill Global
14. CapitaRetail China
15. Sabana
16. Ascott
17. Fortune REIT (HK$)
18. Frasers Centrepoint Trust
19. Frasers Commercial Trust 
20. Keppel REIT

Shares Investment Conference

Dear Readers,

Some of you might be interested in an upcoming shares investment conference.  Speakers include Jim Rogers.  Details are as follows:

Below will be the details - Speakers: Jim Rogers and Mike Bellaflore

Date - 01 September 2012, Saturday (English Session)

Time - 9am - 1pm (AM Session Pass)

          - 2.30pm - 7pm (PM Session Pass)

          - 9am - 7pm (Fold Full Day/Platinum VVIP Pass)

Adding on, we do have Chinese session as well. 

Please see the below details. - Speakers: Professor Chan Yan Chong and Hu Li Yang

Date - 15 September 2012, Saturday (Chinese)

Time - 9am - 1pm (AM Session Pass)

          - 2.30pm - 7pm (PM Session Pass)

          - 9am - 7pm (Fold Full Day/Platinum VVIP Pass)

For more information, you may visit - www.sharesinv.com/sic2012

                                                          - www.sharesinv.com/sic2012chn 

Investing in things I use - Mapletree Commercial Trust and Breadtalk

It is always good to have some insider insight to stocks that one will like to invest in.  One simple way to do that is to invest in retail REITs.  There are many REITs in the retail/commercial sector and many of them own shopping malls in Singapore.  Just take a walk at one of the malls and it might give you a good sense of how business might actually be doing for the REIT, whether there is potential for rent increase, whether asset enhancement initiatives are ongoing, etc, etc.  It is almost like an insider's view of the business.

Mapletree Commercial Trust

One of the properties owned by Mapletree Commercial Trust (listed on the Singapore stock exchange) is Vivocity.  To those who are not familiar with Vivocity (or Singapore), it is one of the largest malls around located at the southern tip of Singapore just at the entrance to Sentosa (where one of the integrated resorts - Resorts World - is located at).

Vivocity has 1,038,000 sq ft of net lettable area and 2,179 carpark lots. The occupancy rate stands at slightly above 98% and has 300 over tenants.  More recently in the news, PageOne bookshop closed citing high rental costs.  When PageOne moved out, the space was quickly taken up by two other retail outlets - Franc Franc and Cotton On.

Just walking around Vivocity, you will be quite amazed at the shoppers who are there.  Families, teenagers, tourists, office workers, etc.  One would expect it to be less crowded during the weekdays but it is not.  Sited just beside harbourfront, tourists from cruise ships often go there to shop.  Not to mention that Sentosa is just conveniently located by a monorail from Vivocity to Resorts World.  

The shops are also wide and varied.  There is Giant and Cold Storage (supermarkets) for those who want to do grocery shopping, a cinema, many food outlets and restaurants and lots of retail shops.  The shops cater to a wide mix of shoppers whether they are shopping for electronic products, home furniture, clothes, luxury goods, etc, etc

I think Vivocity will continue to do well but I am not certain what the impact of the new cruise terminal at Marina will have on the business it gets from tourists. Nevertheless, since it is conveniently located at the doorstep of Sentosa, I am certain it will continue to get lots of business from travellers who are staying at Sentosa.

BreadTalk

Well, it is easy to analyse a business if you can see how many customers there are.  Breadtalk is one of those business that has been expanding abroad.  While I am not too certain how the overseas outlets are doing, I can say that the outlets in Singapore are doing pretty well.  Breadtalk sells bread and together with many of the Breadtalk shops are Toast Box (basically a cafe like shop that rivals another famous Singapore brand Ya Kun).  

Anyway, let us focus on Breadtalk first.  Many of its outlets are conveniently located where there are office crowds.  Just walk into a Breadtalk outlet in the morning and you will be surprised to see the number of people queuing up to buy breakfast back to eat in office.  I figure that a typical Breadtalk shop can easily have more than 200 customers just during a one-hour window in the morning peak hour where office workers are streaming to the office and need to grab some food to eat.  Each customer probably spends $3 to $4 on their breakfast.  Many of them are repeat customers.

Conclusion

So there you have it.  Two businesses that are listed in the Singapore stock exchange that you can easily observe to determine how well they are doing.  At my writing, Mapletree Commercial Trust was trading at S$0.965 and Breadtalk was trading at S$0.50.

Best Steak in Singapore?

Just ate at Astons today and felt that I had just eaten one of the best steaks in Singapore. Okay, I am pretty certain that there are better steaks around but this has to be the cheapest, most affordable and tastiest steak that I have eaten.

For those of you who know Astons, it is an unassuming Western restaurant that supposedly started out in a hawker(?) or foodcourt(?) somewhere in Singapore.  It slowly expanded and has several restaurants in Singapore.  It is a little like the Botak Jones stalls except that it is much better.

Ordering the Steak

I don't usually order steak when I eat from western food stalls in food courts or hawker centers.  The quality overall has been quite bad - at least based from my experience.  Many of the steaks are from dubious cuts and are either overcooked, tough or tasteless.

However, I decided to try the steak at Astons today.  They are after all quite well-known for their steaks (well, at least if I remember the food reviews correctly).  The last few occasions, I actually ate the burger so was thinking whether today was the day that I ought to jump out of my "comfort" zone.

I ordered a prime ribeye for $13.90.  The two side orders I chose were the coleslaw and onion rings.  Service was prompt and the dishes were ready in under 15 mins.

My Verdict

Loved the steak.  It was tender and cooked to perfection.  Other than the mushroom sauce which they seem to drizzle on everything (including their burgers), everything was perfect.  The onion rings were nice and crispy, the coleslaw was "oh so delicious"...  In fact, I wolfed down both the side orders before finishing the steak.

Will definitely eat it again if I visit Astons! Yum yum!

Singapore Millionaires - Lots More by 2016

According to Credit Suisse's Global Wealth Report, Singapore is ranked no.5 in the top 10 countries with the highest average wealth per adult in 2011. The figure amounts to USD$284,692 per adult. Australia is in 2nd place with USD$396,745. Switzerland is ranked 1st with average wealth of USD$540,010.

Based on the data, it also seems that by 2016, around 408,000 Singaporeans will be millionaires. That is quite a significant number of millionaires in tiny Singapore.

Most Singaporeans who read this are probably thinking: "How is possible that it is so easy for so many Singaporeans to be millionaires?" Well, the exact same thoughts are actually running through my head. Just doing a basic calculation of my annual pay package (inclusive of bonuses) and I figure that I need a minimum of 14-15 years just to make a million dollars. This is of course based on the assumption that my pay stagnates and does not increase at all. Another assumption made is that I also save all my salary and do not spend a single cent.

With such a simplistic calculation, it will take me till I am almost close to 50 years old to actually earn a grand total of one million dollars. And this is in Singapore dollars not US dollars.

Looks like I won't be making it in the 2016 list. Perhaps 2025?

Things to do in Singapore - Free Entry into Asian Civilisation Museum (15 and 16 Oct 2011)

There are not many things to do in Singapore except eating, shopping and really just walking around. This weekend (15 to 16 Oct 2011), the Asian Civilisation Museum is having an open house - meaning its free entry for all. So it is a pretty good deal as the exhibition on the Terracota Warriors are on. It is a good chance to visit the museum if you have not done so.

The Asian Civilisation Museum is located just opposite Fullerton Hotel right beside Victoria Concert Hall (which is now undergoing renovation). Not too sure whether parking is currently available there but I parked my car at UOB Plaza which was basically $3.50 per entry. Took a short walk across the bridge and I was inside the museum.

The exhibits are all located at the 2nd floor and it was quite crowded. Not surprising really since it was free admission to all. I have always found ancient antiques/artefacts pretty cool so it is worth the visit if you like to see such stuff too. Of course, took a short stroll down the Singapore River too

Singapore's 40 Richest

Singapore's 40 richest are now apparently worth a collective total of US$54.4 billion based on a Straits Times report that cites the rich list published by Forbes Asia. It somehow shows that the wealthy have managed to increased their networth despite a turbulent economy and a very weak stock market.

At the top of the list with US$8.9billion is the family of the late Ng Teng Fong. This was up by US$1.1 billion. Their wealth is tied closely to their 2 largest property holdings - Far East Organisation and another Hong Kong listed property firm.

Second on the list is family of the late Khoo Teck Puat at US$6.7 billion. They are invested in Goodwood Park Hotel.

There were also newcomers to the billionaire list.

Wide Awake at 12:52AM & Random Thoughts

Why Scrambled Eggs Matter and What They Tell

What a weekend! Was really looking forward to Saturday after a hectic week in the office. (Well, work is always hectic for me in a sense..) Breakfast was nicely done at SimplyBread. Had the delicious ham steak served with scrambled eggs. Felt that the toast was sort of burnt but the scrambled eggs were really good. Anyone who can cook scrambled eggs better than me definitely deserves praise. And there are really not many places in Singapore that serves good scrambled eggs.

I am not really a foodie. But when it comes to discerning good food - especially "Western style" breakfasts, scrambled eggs is the sole criterion by which I judge whether a certain cafe or stuff deserves a second visit. Scrambled eggs is like fried rice. If you can find a good zi char stall that sells good fried rice, its other dishes ought to be pretty good as well. It is really the basic dishes that sets the good apart from the rest. And when it comes to breakfast, it is really the SCRAMBLED EGGS.

You see, I am not much of a cook myself. I hardly step into the kitchen. But one dish that I think I can cook pretty well is scrambled eggs. I am not sure where I picked up the recipe for scrambled eggs but I guess it must be my mum or something. Of course, watching Gordon Ramsay and Jamie Oliver must have added some of its influences on me as well. Of course, eating scrambled eggs at Bill Granger's restaurant in Sydney must really be THE MOMENT for me in realising how a simple dish really tells so much about a place.

And the fact is that scrambled eggs needs to be cooked with butter and of course, "stirred" continously. It should never be cooked like an omelette where you literally fry it (I have witnessed some egg counters in certain hotels/resorts do just that) !! That is a strict No-No for scrambled eggs. It needs to be continously stirred under low heat in the most loving manner. And that is what makes it scrambled if you ask me.

After Breakfast Happenings

Well, that is so much for breakfast. There wasn't really much that I wanted to do afterwards and there wasn't really much to do after a satisfying breakfast. Went to Hort Park for a walk to soak in some nature. It didn't help that the weather was almost scorching hot. In short, it was a bit too hot for my liking. Lunch was at Burger King. Pretty simple fare and I somehow realised that I don't enjoy fastfood as much as I used too in the past. I used to love fastfood - like I thought it was really yummy- even though I know it was unhealthy and stuff. Nowadays, I don't really like it so much anymore. Perhaps it is just changing tastes. I very much prefer my chicken rice or wanton mee than Macs or KFC or Burger King.

Wasn't able to get an afternoon nap as the little one was kind of cranky the whole day. We ended up eating a really really early dinner if you ask me. I wasn't too hungry but ate anyway. End up taking a nap at like 7pm and woke up at around 10pm only to find that I could no longer put myself to sleep...

TV and the Latin Epic Poem

Watched a bit of NatGeo Wild and it was quite silly to spend an entire hour seeing some person try to figure out whether sharks were inhabiting some part of some river in some part of South Africa. It was really quite a waste of time since they could have easily cut the chase and went straight to the findings.. Got a bit irritated just waiting for them to reveal WHICH shark was actually inhabiting the river...

When one is wide awake at this hour, there isn't really much to do. I don't Facebook as often as I used to and I don't really get much time to hang out with friends nowadays. It is really just me and the internet or me and my books. Have been struggling to complete Virgil's The Aeneid. Yes, I have been spending my time on such frivolous readings - books which really just delight me and which I do not really spend to much time to analyse or think about.

After reading the Iliad, I decided that I was really quite fascinated with all these ancient epic poems and stuff. These were definitely books that I would not consider reading in the past but now...I actually enjoy them... it is really weird. Maybe I am growing more "artsy fartsy".. hahah...or maybe it just gives me a sense of accomplishment to read this supposed classics. The wife sniggers at me when she sees me reading them . She thinks that I am reading them because of their cover and their title. Well, she might be correct to a certain extent but the truth is, I actually do quite like the stories (or maybe the translator's story since most of these were written in Greek and Latin so I am probably reading a translator's interpretation of it).

Random Thoughts

Well, lots of random thoughts. I just spent a good hour of my time watching magic on youtube. I never really liked magic. Or perhaps it was my exposure to David Copperfield kind of magic in my early days. I could never quite tell whether it was clever film editing or stuff. Besides, I don't really like the parts where they put their lives on the line to saw their bodies in half.

But lately, I have been quite interested and intrigued with the simpler magic tricks. Those involving the simple cups and balls, cards, coins, rope and stuff. And if one must watch any magician, I recommend Slydini. Wonderful sleight of hand techniques and misdirection. I can't even tell how he does some of his tricks. Ricky Jay is also pretty good with cards (not to say being a very entertaining comedian at the same time). Bebel is quite slick too even though I don't understand French. But I could serioulsy spend hours just watching them perform their tricks over and over again. Even though I know how some parts of it are done, it is really amazing to watch this people perform it in such an artistic manner. The sheer amount of practice required is truly amazing.

Song of the week in my head: Hope of all Hearts by PlanetShakers
Mood : Uncertain about the future

Paper Chasing in Singapore and Choosing a Job that Makes You Happy

I wrote about the Paper chase in Singapore a few days back. I must admit I got a bit side tracked from writing about how much one needs to get married where I wanted to share more about the costs of getting married in Singapore. I promise to get back to that once I am done with my ranting on the ingrained mindset of paper chasing in Singapore.

ARGH! THAT WAS ME IN THE MIRROR

I seriously could not believe that when I got home today, I actually spent a large amount of time researching on the various masters courses that I could take in Singapore. A good part of my evening was gone just researching on SMU, NTU and NUS. I even contemplated signing up for other courses like ACCA or CFA. But then I got lost in the myriad of requirements and stuff. This pretty much sums up the Singaporean obsession with paper qualifications. I have seen the enemy and I am one of them! I am just like any other Singaporean who focuses too much on paper qualifications.

Choosing a Job That Makes You Happy

It was definitely timely to read an article about choosing a job that makes one happy. Am I happy in my job? Do I have passion for it? I can't be certain. Some days I wake up gearing to go to work. Then there are other times (long stretches I admit) where I simply don't fill the urge to go to work at all.

The Paper Chase in Singapore

Singaporeans I realised are obsessed with the paper chase. Qualifications seem to be the sole criterion by which we judge others and almost everyone else. Who went to which grad school and blah blah blah. It annoys me to the max sometimes how superficial we all get. And it is worsened by the fact that people actually think real education is only obtained in the better universities. In fact, I would like to think that most of us are not educated at all even after we leave university.

But the paper chase in Singapore is here to stay. And it seems like those who command respect are usually those who have made it into the top universities overseas. No matter how much I would like to deny this fact, it remains the fact and will most probably remain as such. And it is sad that we as a society place such high value on paper qualifications.

Sigh. This is a sad fact of life. And I better learn how to live with it or ship out.

How Much To Get Married (Part 2) - HDB Flat

A few days back, I wrote about the cost of getting married in Singapore. In that post, I gave a brief outline on the items that a typical Chinese couple in Singapore would spend on. One of the big ticket items I identified was one's housing.

For most couples who have just started working and are probably not earning a lot (or born with a silver spoon), they will most probably opt to buy a HDB flat. This is perhaps the cheapest option unless you are willing to rent or stay with parents/in-laws.

When to rent

Some couples might opt to rent a flat or a room instead of buying their own HDB flat. This is usually due to cost considerations or because one is able to get a flat of choice. Others might simply want to be debt free and so choose to rent instead of buy. As a guide, one's mortgage loans (plus other debt payments) should not exceed 35% of the couple's combined salary. Most couples who have been working for 1-2 years should be below the $8000 combined income ceiling and should be eligible for a HDB flat.

In my personal opinion, it does not make sense to rent a HDB flat for long term since the HDB owner will most probably rent it out at a rate much higher than his or her own monthly mortgage payments. For e.g. if my monthly mortgage payment for my HDB flat is $1000, I will definitely rent it out at above $1000. This is common sense and so renting a flat is most probably a short term plan for most couples since it will be more cost efficient to pay the lower mortgage payments compared to the more expensive rent.

Buy A Flat

Buying a HDB flat is most probably cheap if you have money in your CPF. If both couples have been working and have build up sufficient amounts in their CPF-OA, they most probably will have enough to pay the deposit for the flat. Occasionally, some might have to top up the amounts with cash as they might not have sufficient amount of money in their CPF-OA.

In other instances, when buying a resale flat, the owner might ask for cash over valuation. Understand that this ranges quite a bit depending on flat type and location. But as a guide, I don't think that one should be overspending in this area. For me, $20K will be the maximum cash over valuation that I will be willing to pay now. This is because the HDB has just announced that it will be building a huge supply of flats. This flats will be ready probably in 2012 onwards. Based on that, one can expect the prices to come down a bit so if you can afford to wait, do wait. But for me personally, $20K is the maximum cash over valuation that I will be willing to pay.

What do the rest think? Is $20K a reasonable sum to budget for cash over valuation? Or is it too much/little?

How Much To Get Married

A common topic amongst my single friends is the amount of money that they require to get married. Many of them lament that it will cost them a bomb to get married. Big ticket items include paying for the house (cash over valuation), renovation, holding a wedding lunch/dinner @ a hotel, buying the engagement ring and of course other miscellaneous expenses. Some of them reckon that they need as much as $50k and above to get married in Singapore!

Surely there must be a cheaper way to get married in Singapore and still enjoy the perks of all the above. Let's do a rough breakdown of the expenses and perhaps in my next few posts, I can touch on how one might save up on each of the big ticket items.

As mentioned above, the big ticket items are as follows and estimated costs are also shown:

1. Buying a HDB flat (Cash over valuation) = $20-$50k (Rest is usually paid by CPF)
2. Renovation = $20 to $40K
3. Wedding dinner/lunch = $20k to $30k (depends on hotel and no. of tables)
4. Engagement ring = $1k to $10k (depends on the depth of the guy's wallet)
5. Photography + Wedding gown/suit = $1k to $5k
6. Miscellaneous lunches, hongbaos = $1k to $2k
7. Honeymoon = $500 to $10k (depending on where and when you travel)

Anything else to add to the list?

Weekend in Monochrome

Do we see the world in black and white, then paint the colours in?

Weekend in Black & White and the visit to ColBar

If there is no right and wrong, all things are grey. Arguments are meaningless if there is no such thing as an absolute right and wrong. If wrong and right are just references that are subjective to each person, we will not be able to agree fully on certain issues. Life is always much simpler when you view it in terms of black and white. - Random Philosophical thoughts

The weekend was spent lazing around different places in Singapore. Visited the Colonial Bar or ColBar for short for dinner during the weekend. Ate Chicken Curry with rice. Wasn't too bad though it did leave me wondering whether $10 was too hefty a price tag to pay for just one piece of chicken and rice. I guess the owners must have factored in the ambience of the ColBar.

ColBar is tucked away in a really secluded part of Singapore where many old colonial houses are still found. It is located along Portsdown Road (exit via AYE before Alexander Road). The residences there are simply worlds apart from the Singapore that I live in. It is almost like stepping into another era, another timezone altogether.

There, I saw expats living in a totally different world, children bouncing on trampolines, swinging on swings tied to large trees with overhanging branches. It was simply peaceful, serene and so away from the normal hustle and bustle of Singapore. It is no wonder that many expats love to stay here. I think I hardly saw a single local in my walk around the area. The houses were the usual black and white colonial era kind of houses. There were garden parties going on. This is a world detached from Singapore. Detached from all the cares and worries of modern Singapore.

Heavy Rain and Flash Floods in Singapore

The sky gave way early this morning and it started to pour like crazy over at my place. Good thing we sort of predicted that there would be heavy rain and decided to bring along an umbrella while we were eating at the nearby market.

While driving, I could hardly see the road ahead of me even with my wiper turned to full speed. And I was almost pretty certain that there would be flash floods around Singapore after it was still raining like closet to 2 hours later. Sure enough, on my way back, parts of the expressway was flooded. Just read the news too that Tanglin Mall's basement also got flooded.

Perhaps the weather is really getting more freaky in recent years. But surely there has been a case of one too many flash floods in the past few years. It wasn't too long ago that I wrote about flooding in Singapore. While we definitely cannot become flood free throughout the whole of Singapore, I think it is important that certain parts of Singapore should be flood free. And Orchard Road definitely deserves to be flood free.

I am a noob/amateur regarding real estate but I would like to think that if flooding becomes common occurrence in Orchard Road, the developers would have to charge a lower rent. Insurers will also probably charge a higher premium to insure the shops located at the lower levels in case of these freak floods that occur. All these translates to "losses" to Singapore in one way or another.

For the rest of Singapore, I am sure we can accept flash floods now and then. But still, this should not be occurring near residential areas and stuff.

Elections, Royal Wedding and Osama is Dead

So many historical events seem to be taking place over the past few days.

Singapore General Elections 2011.

Yes. By now, most people are probably suffering from an overdose of election news and trivia ranging from Kate Spade to Nicole Seah. In fact, facebook seems to be flooded with so much election news that I am suddenly surprised at how politically charged so many of my friends are. Well, this is a once in five years event and I am keenly keeping watch on the elections since 82 out of 87 seats are being contested. My predictions? I think the opposition party will only keep one seat - Hougang.

Royal Wedding

So while we were suffering from an overdose of election news, the royal wedding was really a good break. Spent quite some time in front of the TV watching the live footages of the royal wedding even as I remarked to myself the fact that I have visited those places in London a very long time ago. I think the royal couple look really sweet.

Osama is Dead (Latest News)

With a wedding, there needs to be a funeral. Well, the news is out that Osama bin Laden is dead. Shot in the head. After 2 wars, and an entire US army hunting him down, it took almost a decade just to kill this man. And he was in Pakistan. Not Iraq or Afghanistan where the wars took place. Scroll below for a gruesome picture of Osama.

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City of Possibilities

I fell in love with the song Empire State of Mind by Alicia Keys and Jay Z. The song speaks about New York City - "concrete jungles where dreams are made of, there's nothing you can't do"

Living in Singapore, I can only sigh at dismay that none of our song writers have written a wonderful song about our country that is as passionate as Empire State of Mind.

After all, Singapore is indeed the City of Possibilities. In recent polls, Singapore is one of the top destinations for people who are thinking of migrating. It is also one of the most liveable cities in the world. The recent congestion on our trains and the skyrocketing population of over 5 million people is also testament to the fact that Singapore is a city where dreams can also come true. It is indeed useful to be reminded that the reason why there is an influx of foreigners to our country is because people WANT to come to our country. This ought to make us proud.

Mercer's Quality of Living Survey:

Singapore is ranked 28th. No other asian country ranked above it.

221 cities were evaluated based on 39 factors including economic, education, transportation, etc.

Cities ranked above Singapore in the region include Sydney (ranked 9th) and Melbourne (ranked 18th)

It is not surprising then that the National Day Rally recently focused quite a lot on the crowding situation that is taking place in Singapore and how the Government is taking action to combat it. Being an attractive city to live in, Singaporeans have to embrace foreigners. The key here is integration and not assimilation. With integration, we recognise that certain groups will remain distinct from us but in a certain sense, we will have to find common ground that will bind us all together.

It is never easy and it remains a challenge. But this is what Singapore has to contend with. I think the measures that the Government has taken is sufficient to see us through in the long run.

Flooding in Singapore...Again..

I just read the news and it confirmed my fears. Singapore was flooded again today. Apparently, flash floods hit certain areas and trees also fell at certain places.

I am not surprised. Afterall, when I went to buy my breakfast, I saw a blowhole!

Water was gushing out from a drain cover along the walking pavement and because of the pressure or something, water spurted out like a mini blowhole every few seconds.

What an interesting sight!

Hopefully none of my readers here got caught in the flood while going to work.

What Happened to Goal 2010?

So world cup fever is here.

What happened to our Goal 2010 anyway? Why isn't Singapore in the World Cup yet?

Slovenia just beat Algeria like 1-0. Slovenia only has a population of 2 million and they have managed to enter the world cup twice already!

Singapore already has a population of close to 5 million but we are still nowhere closer to our dream.

I mean fine...we can be contented with being the Champions in women's ping pong and stuff but I still believe that the holy grail in sports for Singapore is the World Cup. Singaporeans are quite passionate about soccer. I can tell that from my facebook alone. I have never seen a facebook status that comments about any other sport OTHER than SOCCER. So soccer is really something that most Singaporeans are passionate about. Ping pong.....sorry....didn't cause much of a buzz on my facebook account as far as I can tell.

Why Isn't Singapore in the World Cup Yet?

I was actually lying in bed preparing to sleep when I started pondering over this question. It got me so agitated that I just had to get up and write about it (as well as catch the match between Serbia and Ghana).

Why aren't we in the world cup yet ? A small population is not an excuse...

Slovenia has been in the world cup TWICE. They only have 2 million people and since only males can play in the World Cup, I figured that they only have like 1 million males? So if Slovenia can make it to the World Cup, there is no reason why we can't do it too.

I guess the main reason is that we LACK FOCUS. We have diversified our attention to sports that have managed to reap rewards. This include table tennis and swimming. But are these sports really able to galvanise the entire nation? South Korea just reported having a few hundred thousand people gathering on the streets to cheer their nation on. If Singapore ever got into the World Cup, I am sure that will happen too. But somehow, somewhere, somebody decided that Singapore soccer was not going to make it and dropped the Goal 2010....

Let's be realistic here...counting on foreigners to help us get into the World Cup is not going to work out well. It might work for table tennis and swimming but it certainly will not work well for the World Cup. Football is a game about 11 people playing as a team. The best players in the world will never come to Singapore to play football. FULLSTOP. We need to stop relying on foreign talent and count on our local talent instead. The foreign talent strategy does not seem to be working well in football.

How to Get into the World Cup

What you are about to read from here onwards is going to sound ludicrous. It might even sound crazy. But this is coming at the height of football fever, so no suggestion should ever be treated as crazy.

We need to SEND OUR PLAYERS ABROAD for exposure and experience. That is what the South Koreans have been doing. And I think their strategy will pay off as many of their players are playing in European clubs now giving them the necessary exposure. They no longer "fear" their European counterparts as they have experience playing with them And we all know that this kind of exposure is very important especially on the big stage.

Here comes the tricky part. Big European clubs will not be willing to accept our Nor Alam Shahs and what nots...

Well, the answer is actually quite simple. We get GIC and Temasek to buy these clubs. (See, now you know that I am crazy. But just humour me for a while =) Since these clubs are treated like businesses, it will not be difficult to liquidate these holdings in the future. Who knows? We might even make a profit from selling these clubs in the future.

Based on my "pluck from the air" estimates, I figured that our reserves should be able to buy us a couple of good clubs in England, Italy, Spain, Germany, France and whatever league there may be in Europe. We can also buy a few lower league clubs if they are cheaper.

The next thing will then be to sponsor teenage boys (12 years old onwards) to go on attachments to these clubs for exposure. Food, lodging, pay, etc will be sponsored by these clubs so it is a win-win situation for us. My estimate is 2-3 Singaporeans per club due to the foreigner limit that is usually in place. My guess is that we will need a good 30 to 40 players to be exposed (at any one time) to European kind level of competition to ever make it for the World Cup. Based on that figures, we might need to buy 13 to 15 clubs (with perhaps 5 clubs in the championship level kind of leagues).

There will also have to be a major revamp in the Singapore sports scene. Focus will have to be given to soccer.

This might involve eliminating sports from CCAs in schools. Let boys concentrate only on soccer. This will have to be nation wide sacrifice. These boys can join 2nd or 3rd CCAs that are not soccer if they want to. But all boys in all schools will have compulsory soccer lessons and CCA. Only if they are really bad will they be kicked out of the sport.

To incentivise it, a program can be developed such that boys who make it to the very top will be exempted from National Service, given the chance to be attached to the major clubs (that are now owned by Temasek and GIC), etc, etc. In other words, we must make it really attractive monetarily for them to want to represent Singapore at the highest level.

The S-League will also need to be revamped to ensure that the "local soccer scholars" do not lose out because of the lack of international exposure. More foreign teams should be invited to join the S-League. A super league should be created with tempting prize money. Perhaps only 2 All-Singaporean teams will be allowed while the rest will be foreign teams. This will help to ensure that the S-League is also able to churn out good players who might be late bloomers compared to the "overseas soccer scholars" who have already secured their places in the Singapore owned European clubs.

Once we do this, I am sure we are set for World Cup glory in maybe 10 years time. Goal 2020 perhaps?

Am I crazy? Perhaps.. But this idea doesn't stop me from dreaming....

Notes:

1. Our small size in population does not mean we need to rely on foreign talent in the strategy outlined above. We could have 1 or 2 foreign talent if we need to but this could be best reserved for the coaching staff.

2. We might be small in physical size. But if the Koreans and Japanese can make it, I am sure Singaporean males can do it too. Football is not really ALL about size. The Spanish footballers are also quite small in size too (1.7m tall).