Mitsubishi Lancer Recall Campaign

Received a letter from Cycle & Carriage that my Lancer needs to go for inspection, replacement of turn signal lamp and lighting switch.

The Nautical Condo Update - Stage 4

Today, I receive the letter from my lawyer that my Nautical Condo unit has completed Stage 4 and now proceeded to Stage 5 (in progress).

There are 8 stages in the Architect's Certificate of Stage Completion. They are:

1. Stage 1: Foundation work (inclusive of pile caps) of the unit.
2. Stage 2: Reinforced concrete framework of the unit.
3. Stage 3: Partition walls of the unit.
4. Stage 4: Roofing/ceiling (inclusive of false ceiling) of the unit.
5. Stage 5: Door sub-frames/door frames and window frames are in position, and the electrical wiring (without fittings), the internal plastering and the plumbing of the unit have been completed.
6. Stage 6: Carpark, roads & drains serving the housing estate have been completed.
7. Stage 7: Building and all roads and drainage and sewerage works in the housing estate have been completed, and that water and electricity supplies, and gas supplies (if any) have been completed to the building and TOP obtained.
8. Stage 8: CSC.

I will update again once I have received the notice of Stage 5 completion.

By the way, what is CSC? Any idea?

The Nautical Condo Update - Stage 3

On 7 October 2014, my bank had effected a drawdown of 10% on the progressive payment. For my block, it is a bit slow and my unit is only at Stage 3 of completion (there are 8 stages). However, 50% of the units in my block have already reached Stage 5. Stage 6 is the completion of carpark, roads & drains serving the housing estate.

Drove by the Nautical Condo just now, I can see that the focus is now on the ground floor units and the swimming pools. I didn't manage to take some photos just now but I had taken one when I was there earlier this month. 

Block 99 - work in progress!

Right now, they have built a huge tent over the swimming pools, so I guess they are now working on the pools. I hope they do a good job and can complete Stage 4 and 5 by this year 2014! Looking forward to it...

Investment as at 26 Oct 2013

It has been more than two months since my last posting.

Well, there are quite a number of changes and I would like to update. Unfortunately, I have to unload some stocks before I went to Taipei for a short holiday trip. During that week, all of my stocks that I had closed went higher and I think I have missed out $5K profits if I had held on further till now.

Investment as at 26 Oct 2013

Recently, I have an investment strategy. I'm going to invest $25K and divide them into 5x $5K portions. Select 10 counters and then invest $5K each into 5 counters. Once a counter reaches a 10% profit or so, sell and move to another counter. Of course, I'm reserving another $25K for averaging if one or two counters drop by 20%. I'm evaluating this for one year and will update in this blog to see whether this works. If this works, then I will invest $50K then and put $10K into each counter.

Investment as at 9 Aug 2013

This week is a short week for SGX because of two public holidays. Today is Singapore National Day. Happy Birthday Singapore....

I was busy with my work that I did not have time to take a peek at the stock market. The USD investment is not good as I'm down 6% even thought I have collected some dividends. Hopefully, the stocks' prices will return to my buy level for me to clear off the position.

SGD investment is not doing well either, I'm down 2% and I hope Golden Agri can recover and cross 0.555 mark. Then I will have break-even. I'm preparing to sell Yangzijiang when it is closed to 0.95. I will queue at 0.955 next week.

I'm still monitoring the REITS and planning my entry strategy.

Investment as at 9 Aug 2013

Investment as at 3 Aug 2013

Yesterday, I just sold off my LVS shares. After I had sold, the stock went higher... but nevertheless, I have told myself that I will not regret when I sell the stock.

My thinking is that I want to liquidate as much stocks as possible when they cross my buy price with a little bit of profit. For LVS, I have collected over 200 dollars of dividend and I think it is time for me to sell and move on. I will re-enter LVS when it is below 50 dollars. The probability is very low but I can afford to wait.

The other stock, OIBR, I have made a mistake. I can actually exit with minimum loss but I'm thinking that it can go higher. Now, instead of going up, it is going down and current I'm making a loss. I will keep it until it can cross my buy price again.

I have sold off my SPH Reit also. Since I got it at IPO price (0.90), I'm still making profit after I sold them at 0.99. Anyway, my thinking is that 2 lots are not worth to keep. I'm trying to consolidate my funds and hopefully can enter when the price is more attractive to enter.

I had bought another 10lots of Golden Agri at 0.52 to average down the ones that I have at 0.59. If Golden Agri is able to cross 0.555, I will break even and may choose to sell all holdings at this price.

Investment as at 3 Aug 2013

SPH Reits IPO

I applied for 11 lots for this IPO on Monday 10am. Today, I'm allocated 2 lots. My wife and I applied 21 lots using her account and was unsuccessful. The allocation lots were too small and I will probably keep. If it goes up to $1.10, I will sell.