New Nike Ad - Woods pokes fun at Federer

Watch for the final twist...


Nike Ad - Roger Federer And Tiger Woods

Le Tour De France Opening Ceremony

Made a stop over at Trafalgar Square after work earlier this evening to watch the Opening Ceremony of the Tour De France. For the first time in the Tour's history, London will host the Le Grand Depart, which includes the Opening Ceremony and the Prologue Race. Stage 1 of the race will start from Central London and end in Canterbury.

The weather, which was a total letdown this week, was surprisingly cooperative this evening. The sun was peeking out from the clouds and it was just the perfect opening ceremony anyone could hope for.

The highlight of the opening ceremony was the introduction of the various teams and the cyclists. Here's one of the crowd favourite, Great Britain's very own son, Bradley Wiggins.


Team Milram from Italy, headed by Alessandro Petacchi. Loved the baby blue jerseys.

Team Discovery Channel - living in Lance Armstrong's shadow

Team Euskaltel-Euskadi. A Spanish team, mostly climbing specialists

Team T-mobile making their way to the stage in Trafalgar Sqaure where they are introduced to the crowd.

This cheeky chap has got his admirers - stopping to steal a kiss from the crowd. Bet this is something he wouldn't dare try when the race starts.

The great Tour de France Sale. Everything must go.

This is gonna be one exciting weekend.

Dr Live Freely encourages you to FLIP your property

I have been watching the spectacular growth in the Singapore property prices for the past year. Before coming to London, wife and I were actually looking at a couple of apartments but due to our plans to move abroad, we decided not to commit ourselves to purchasing an apartment. The last time I checked, one of those apartment I was interested in, was sold en-bloc, the owner of another apartment is now asking for a price 40% above valuation.

So it is not surprising at all that everyone is trying to jump onto the property bandwagon, even this fellow here. A few points he made in his article which I do not agree with:

a. Mentions about the buzz and hype of the coming events - the assumption that these events will attract more investors is misleading. There is no clear correlation between those events he mentioned and the asset prices. There is a certain amount of risk to undertake if we are to assume that investors looking for properties will be drawn to Singapore because of an IR or an F1 race. In addition,, we are still not sure if there will ever be a night race due to safety concerns and we cannot be certain if the integrated resorts (IR) will ever be as successful as those in Macau or Las Vegas.

b. Suggests that anyone with cash should invest in properties and it is almost certain to make money. In the example he gave in the article, the investor has no intention of living in the property - the intention is to quickly offload the property before its completion date to a higher buyer. Everything works perfectly in a exuberant market but one of the key points which he seems to have missed is the liquidity of the market when the property holder wants to sell. In a market downturn, there may not be enough buyers to support the market.

c. 'Buy Low, Sell High' - isn't this the correct time to sell High? Why is he touting to buy now? Unless he is selling ....

With a population growth at about 1.275% per year, and with the supply of residential properties in Singapore growing at approximately 3% for the last two years , surely there will be an overhang at some point in time.


It is in the good times that bad decisions are made.