2 Topics today.
More on the Paya Lebar Airbase Plot
A look at the map of Singapore shows that Paya Lebar Airbase is as big as Pasir Ris. This gives us an idea of what may be coming. The outskirts of the Airbase have been traditionally zoned for Industrial Land use. 2 senarios may take place moving forward:
1) Change of plot ratios. Due to uplifting of height restrictions due to presence of Airbase.
This may present enbloc opportunities in 2 places, i) Areas that can overlook the Airbase at this time (edges of Tampines, Pasir Ris, Bedok Reservoir, SengKang, Serangoon), ii) Areas long the flight path of landing (planes approach from East Coast somewhere above Ford Road exit, past Geylang and Paya Lebar).
2) Change of land use. The land around the Airbase needs not be Industrial Land. Change of use to either Commercial or Residential may present new opportunities.
It may not be easy for one to visualise all these points. The best way is to look at a detailed map of Singapore. I welcome anyone who wishes to have a more in-depth discussion.
Tapering is not tightening
I explained this to a client this morning so thought it may be helpful to explain to everyone.
Tapering is not tightening. Imagine the economy as a patient with high cholesterol, the Fed is the doctor.
Doctor puts the patient on a course of cholesterol pills, say twice a day. Cholesterol pills are like the Fed’s bond-buying remedy. Now, the doctor thinks that the patient is getting a bit better so, he reduces the dosage to once a day. This is tapering.
The patient eating lesser pills a day won’t die. Similarly, the market won’t die. However, reducing dosage means that the patient may go through a stage of “cold turkey”, similar to the shivers in the market now.
Tightening will be taking the course of medication away altogether. In that case, it is obviously negative for the patient. Similarly, tightening at this stage is outright negative.
Hope everyone has a better idea now.
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