Applied for HDB's Hougang BTO

The HDB Hougang BTO's location is a little disappointing to me... The location isn't that ideal...

The description given by HDB:

At Buangkok Vale in Hougang, you will live amid lovely landscaped grounds that feature a variety of leisure and fitness facilities. Shop and dine to your heart’s content at Hougang Mall and Hougang Plaza. Enjoy island-wide connectivity with the comprehensive bus and MRT networks provided by the Buangkok MRT station, Hougang MRT station and bus interchange. Prices start from $88,000 for a 2-room flat, $142,000 for a 3-room flat and $231,000 for a 4-room flat.

First of all, why did they even bother to call it an Hougang BTO when it's at the Buangkok and Yio Chu Kang junction? :(

The nearest fitness facility is the park connector that leads to Punggol Park.... Hougang Mall and Plaza are not exactly very near (other than the common chin up bars around the region).... The nearest is Hougang Festival Market, which is still about 2 to 3 bus stops away, or 10 mins walk if we cut through the HDBs separating Buangkok Vale... Sheng Shiong is just as far as Hougang Festival Market is... The nearest super market is Shop N Save, which is about a few minutes walk...

It's not within walking distance to any MRT stations as well. You need to take bus to the different stations... My estimation is 10 mins to Buangkok MRT by bus 43, 10 mins to Hougang MRT by bus 72, 20 mins to YCK MRT by bus 70, 15 mins to Sengkang MRT by bus 159 and 156, 15 mins to Serangoon MRT by bus 70 and 103, 25 mins to Yishun MRT by bus 854, 20 mins to Bishan MRT by bus 156 or 88, 15 mins to Ang Mo Kio MRT by bus 88.... Nothing special in my opinion...

The surrounding amenities aren't that great as well. Everything is near with a car, but everything is very far without.


But..........................................

I still went to apply it with my girlfriend. At 93 sqm, the price works out to around $250 to $300 psf... Still acceptable for a pigeon hole in this location amidst the property fever I guess...

Breadtalk

Because of the mania in the rise recently, I was considering to sell Breadtalk today, then checked my chart:

It looks like a big bullish flag or pennant formation with a descending triangle in which Breadtalk broke upwards. The pole started on 28th Dec 09, which I didn't draw out.

Because of this bullish technical formation, I have decided to watch the price actions before deciding to sell. Imminent breakout in progress. Kim Eng also mentioned their target price as 86 cents last year.

STI Updates -- Rising wedge still remains

The expected retracement came quite quickly.

As of now, STI is approaching the support of the rising wedge. A possible scenario is that it will reach and bounce off this support line for the final actionary minor wave 5 of 5.

Moving on, supposed we are still in a bull, I expect resistances to build up around 2968 61.8% retracement level, and 3000 psychological resistance level. The probability of breaking these values is unknown at the moment. My take is that 3000 will present as an extremely tough resistance to break...

If 3000 does break, then I would have to change my wave counts to my alternate counts...

Bought Singtel

Bought Singtel based on my previous TA chart.

The simple method:

If it goes up to my expected $3.30, I will sell.
If it goes down, I hold and keep for dividends.


Simple method for a simpleton.



This effectively increased my Singtel holdings to 4000 shares at an average of $2.99.