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FAQs about The Reserve Residences that’s launching on 27 May 2023

In this post, we will be exploring the most frequently asked questions about The Reserve Residences, an exceptional new development set to launch soon, on 27 May 2023.

We will look into the luxurious, unique features, and unparalleled amenities that await future residents.

Whether you’re a potential homeowner, investor, or simply curious about this property, this comprehensive guide will provide valuable insights into all that The Reserve Residences has to offer.

Ready? Let’s dive right in.

Where is it located?

The Reserve Residences is located in District 21, along Jalan Anak Bukit, Singapore 589603.

What are the nearest MRT stations?

Beauty World and King Albert Park.

Where can I eat, shop, and exercise?

Bukit Timah Market & Food Centre is a 2-minute walk away.
The nearest shopping malls include Bukit Timah Plaza, KAP Mall, and Beauty World Centre (all within 6 minutes).
Rifle Range Nature Park offers walking paths and it’s a 9-minute walk away.

What are some schools nearby?

Preschools

WorkPlayz Montessori @ Upper Bukit Timah
Kanopy Forest Preschool
ChildFirst @ King Albert Park

Primary schools

Pei Hwa Presbyterian Primary School
Cambridge Primary School (DIMENSIONS)
Bukit Timah Primary School

Secondary schools

Methodist Girls’ School
Hillgrove Secondary School
Hwa Chong Institution (High School Section)

Higher institutions

National Junior College (9-minute drive)
Ngee Ann Polytechnic (5-minute drive)
Singapore University of Social Sciences (4-minute drive)

Who are the property developers?

Sino Group and Far East Organization.

What is the tenure and when is the TOP date?

The tenure is 99 years and the TOP date will be in 2028.

What are some of the facilities available?

A world of leisure and social opportunities spanning 7 floors at this new development awaits you.

It features a 600-m jogging path, a designated area for your furry friends to frolic, open-air activity spaces, and lush gardens.

Gather with your loved ones in the cozy, communal dining pavilions and living areas designed to help you relax and re-energize.

At the heart of it all, you will find the Family Pool, seamlessly connecting the 50-m Lap Pool with an array of themed pools, creating a refreshing oasis for rejuvenation and togetherness.

What are the 4 distinct collections of The Reserve Residences?

The Reserve Residences

Experience luxurious living at The Reserve Residences, where the elegant residential towers rise majestically amidst verdant greenery and serene pools.

There are perfect 1- to 3-bedroom abodes designed to cater to your unique lifestyle preferences.

Each home encapsulates the spirit of a tropical sanctuary, bathed in an abundance of natural light and offering spacious layouts for modern living.

Plus, cleverly designed storage solutions ensure a clutter-free and harmonious environment for you to call home. Perfect.

Horizon

This exclusive Horizon collection features 3- to 4-bedroom residences, ideal for families and multi-generational living.

Boasting full-height windows, these homes showcase breathtaking panoramas of the sky and surrounding greenery.

Spacious living and dining areas provide the ideal setting for social events and festive occasions, making every moment truly memorable.

Selected units present unrivaled tranquil vistas of the neighboring Bukit Timah Nature Reserve and Rifle Range Nature Park.

Creekside

Creekside homes have 3 to 4 bedrooms, each featuring a balcony with invigorating views of the pool or lush greenery.

Nestled within a low-rise block, these homes are set apart from the main residential towers, lovely for folks who want a sense of seclusion.

For an added touch of luxury and discretion, selected residences come with a private lift so you can have a truly private living experience.

Treetops

Lastly at Treetops, picturesque vistas are exquisitely paired with sophisticated interiors, showcasing tasteful marble accents.

Revel in the grandiosity of the living spaces, boasting generous ceiling heights of up to 3.2 m.

Every residence in this distinguished collection offers either a private lift or direct access to the car park, providing an unparalleled level of convenience.

Can I have a brief breakdown of the floor plans?

The Reserve Residences

Unit Types	Sqft Range
1-Bedroom	441 & 495 sqft
2-Bedroom	560 to 743 sqft
2-Bedroom + Study	721 to 807 sqft
3-Bedroom	883 to 1044 sqft
3-Bedroom + Study	1216 sqft

Horizon

Unit Types	Sqft Range
3-Bedroom	1313 & 1324 sqft
4-Bedroom	1475 to 1744 sqft

Creekside

Unit Types	Sqft Range
3-Bedroom	1119 to 1378 sqft
4-Bedroom	1894 & 2185 sqft

Treetops

Unit Types	Sqft Range
4-Bedroom + Study	1991 & 2250 sqft
5-Bedroom	2336 to 3003 sqft

What is the cost per square foot (PSF)?

The estimated price is around $2,300 per square foot (PSF).

What is the price range?

Starting from $1,110,000.

Where’s the showroom?

View this post on Instagram

A post shared by Far East Property Sales (@fareastpropertysalesandleasing)

The show flat’s located at 100A Upper Bukit Timah Road Singapore 589680.

And there we have it. I hope this blog post has shed light on the most frequently asked questions about The Reserve Residences, launching in a few days! As an outstanding development offering an unparalleled luxury lifestyle, it’s no wonder that interest in this property is on the rise. For those considering calling this exceptional place home, I trust that this post has provided some necessary insights to make an informed decision. Let me know if you want to see a similar post on Lentor Hills Residences? Till then, see ya!

Investing in Cryptocurrency: Risks & Rewards

Cryptocurrency has taken the world by storm, and Singapore is no exception. Although the worldwide cryptocurrency ownership rates were around 4.2% in 2022, Singapore and Thailand are leading the way in Southeast Asia with significantly higher adoption rates of 11.05% and 6.47%, respectively. These numbers are mainly attributed to the digital savviness of their populations and the supportive regulatory environment in both countries. While investing in cryptocurrencies can be attractive and lucrative, it is also not without risks.

Firstly, let’s discuss the rewards. Cryptocurrency is decentralized, meaning it is not controlled by any government or financial institution. This makes it a popular investment option for those looking to diversify their portfolio and reduce their reliance on traditional banking systems. Cryptocurrencies can also provide quick and easy access to liquidity, making it an attractive option for those looking to make quick profits. For example, digital artists can easily sell their artwork using cryptocurrencies and still own its copyrights.

Furthermore, the Monetary Authority of Singapore (MAS) has issued guidelines for the trading and exchange of cryptocurrencies, making it easier for investors to enter the market. To address money laundering and illegal activities, MAS issued Notice PSN02, also known as the detailed Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) guidelines for Digital Payment Token service providers.

However, investing in cryptocurrency also comes with its own set of risks. One of the biggest risks is volatility. Despite Singapore’s ambitions to become a global crypto hub, it has been cracking down on the industry after many retail investors lost their life savings to crypto trading. The country has repeatedly warned that cryptocurrency trading is “highly risky and not suitable for the general public” due to its volatile and speculative nature.

The general public must know that cryptocurrencies are subject to unpredictable price fluctuations. As they are less regulated, their value is influenced by other factors, such as psychological hype. For example, in 2017, Bitcoin’s price reached an all-time high of nearly $20,000, only to crash to $3,000 the following year. Another example is the rise of the first meme coin called Dogecoin.

Image Credits: unsplash.com

Another risk is security. Cryptocurrencies are stored in digital wallets, which can be vulnerable to hacking and cyber-attacks. If a hacker gains access to an investor’s wallet, they can steal their digital assets, resulting in significant losses. Can you imagine betting your life savings on cryptocurrencies and losing it all in a day?

Lastly, to thrive in the cryptocurrency scene, a certain level of technical knowledge is required. Don’t fall victim to frauds and scams by lacking technical knowledge. Investors need to understand how the blockchain works, how to manage digital wallets, and how to navigate cryptocurrency exchanges.

Despite the risks, the interest in cryptocurrency investment remains high among investors in Singapore. To minimize these risks, it is essential for investors to conduct comprehensive research before investing, keep their digital assets in secure wallets, and only invest a reasonable amount they can afford to lose. With prudence and caution, investing in cryptocurrency can be a fulfilling experience for Singaporean investors.

Sources: 1, 2, 3 & 4

Webull Super Amazing Promotion- Deposit just $0.01 (1 cent) and receive US$500

Another low-cost online broker is taking the Singapore brokerage trading market by its horns! Webull is a broker dealer registered with the SEC and headquartered in New York. To entice users to try out is zero-fee brokerage services, Webull is offering up to US$500 worth of blue-chip shares as long as a new user funds his/her account. The definition of funding means new user can top up as little as just 1 Singapore cent to get up to US$500 in this super amazing promotion!

Webull’s Amaaaazing Promotion

Here is a step-by-step guide on how to receive free US$500 worth of shares from Webull.

Step 1: Download the Webull mobile app from the Apple/Google Play store or access its desktop version

Step 2: Sign up using this referral link

Step 3: Register and open an account. You can key in your personal details or allow Singpass MyInfo to populate them.

Step 4: Once you have completed your account opening, simply wait for the approval from Webull. It usually takes just 1 business day.

Step 5: Simply fund your account upon account opening via FAST or DDA. Any deposit is fine, even $0.01! Upon successful funding, go to dashboard to redeem your well-deserved rewards.

Simply click “My Rewards” icon to redeem your fractional shares! You will receive 3 blue-chip, fractional shares comprising of either Alphabet, Microsoft, Apple or Tesla. Each of these shares will be worth a minimum of US$10 to a maximum of US$100.

But wait, that’s not all yet.

If your account continues to stay funded for another 30 days, you will receive 2 bonus chances to redeem 2 more free shares. It will stay funded as long as your initial deposit of 1 cent has not been withdrawn. Thereafter, sell the 5 free shares and cash out. That is how you walk away with up to US$500 after just 30 days of doing almost nothing!

Even without the sign-up promotions, Webull is amazing for its ZERO platform fees and commission charges on US Stocks. This is the lowest cost that you can possibly find in the Singapore brokerage scene right now.

It is evident that the “effort-reward” ratio is remarkably high and that is why you should not pass up on this amazing promotion from Webull!

https://www.webull.com.sg/i/newuser

Best currencies to trade from Singapore

Forex trading is a popular investment activity among Singaporeans, and the city-state has established itself as a hub for foreign exchange trading in the region. Singapore’s location at the crossroads of major trading routes, coupled with its advanced financial infrastructure, has made it an attractive destination for traders worldwide.

In October, it was announced by The Monetary Authority of Singapore (MAS) that the average daily trading volumes (ADTV) for foreign exchange (FX) in Singapore had risen to US$929 billion in 2022, marking an increase of 45% from April 2019. This steady growth helped Singapore to maintain its position as the world’s third-largest FX center, following the UK and the US, with a global FX volume share of 9.5% as of April 2022, up from 7.7% in April 2019. The growth in FX ADTV in Singapore was widespread across major currencies, with the US dollar, Japanese yen, and euro leading the way, with forex trade volume increasing from 39% to 50% in 2022. Following closely behind were the Chinese yuan and the Singapore dollar.

This article explores the best currencies to trade from Singapore, analyzing their performance against each other and providing insights into why they are popular among Singaporean traders.

Top Currencies for Singaporean Traders

The US dollar, euro, Japanese yen, Australian dollar, and Singapore dollar are among the best currencies to trade in Singapore. Each of these currencies has unique characteristics and trading patterns, making them ideal for different types of investors.

US Dollar (USD)

https://pixabay.com/id/photos/dolar-mata-uang-uang-dolar-amerika-499481/

The US dollar (USD) is the most widely traded currency in the world, and its influence extends far beyond the United States. The USD is often used as a reserve currency by central banks around the world, and many commodities, such as oil, are priced in dollars. As a result, the USD is one of the most popular currencies for trading from Singapore.

When trading USD from Singapore, traders often pair it with the Singapore dollar (SGD) or other major currencies, such as the euro, Japanese yen, or Australian dollar. The performance of the USD against the SGD and other currencies is closely watched by traders, as it can have a significant impact on their investment portfolios.

In recent years, the USD has experienced highs and lows against the SGD. In 2020, the USD weakened significantly against the SGD due to global economic impacts. However, the USD has since rebounded, and as of March 2023, it is trading at around 1.33 SGD.

Overall, the USD remains a popular currency for trading from Singapore, and its performance against the SGD and other currencies will continue to be closely monitored by traders in the coming years.

Japanese Yen (JPY)

Japan is a major regional economic power with strong trade and investment ties with Singapore, making the JPY an attractive option for traders.

When trading JPY from Singapore, traders often pair it with other major currencies, such as the USD, EUR, or AUD. Traders are drawn to the JPY for several reasons, including its status as a safe-haven currency during global economic uncertainty. Japan’s strong export-oriented economy and the policies of the Bank of Japan also play a role in the JPY’s popularity as a trading currency.

Euro (EUR)

The euro is one of the best currencies to trade in Singapore due to its liquidity, stability, and global relevance. Traders in Singapore can benefit from trading the euro by diversifying their portfolios, managing currency risk, and taking advantage of trading opportunities in the forex market. Additionally, The EUR is a popular choice for traders due to the strong economic ties between the EU and Singapore and the EUR’s status as a reserve currency.

The policies of the European Central Bank also play a role in the EUR’s popularity as a trading currency. The euro is backed by the European Central Bank (ECB), which implements policies to maintain price stability and support economic growth in the eurozone. This makes the euro less prone to sudden fluctuations and provides a sense of security to traders looking for a stable currency to trade.

Australian Dollar (AUD)

The Australian dollar (AUD) is a popular currency for trading from Singapore due to its close economic ties with the Asia-Pacific region, including Singapore. Australia is a major exporter of natural resources, and the AUD is closely tied to commodity prices, making it an attractive option for traders.

The AUD is a commodity currency closely linked to the prices of natural resources such as coal, iron ore, and gold. As Singapore is a major hub for commodity trading in the Asia-Pacific region, traders can use the close correlation between the AUD and commodity prices to make profitable trades. This makes the AUD an attractive currency for traders looking to diversify their portfolios and exploit market opportunities.

Traders can profit from the AUD’s volatility by trading AUD currency pairs such as AUD/USD or AUD/JPY.

Singapore Dollar (SGD)

https://pixabay.com/id/photos/singapura-uang-catatan-mata-uang-1821535/

The Singapore dollar (SGD) is the official currency of Singapore and is a popular currency for trading both domestically and internationally. As one of Asia’s most stable and developed economies, Singapore attracts significant foreign investment, which drives demand for the SGD.

Singapore has a stable political and economic environment, with controlled inflation and a strong financial system, which adds to the attractiveness of the SGD as a currency for trading. Furthermore, the Monetary Authority of Singapore (MAS) follows a managed float exchange rate regime, which allows for some flexibility in the value of the SGD while maintaining stability. This makes the SGD an attractive currency for forex traders looking for a currency with lower volatility.

The SGD is often used as a proxy for other emerging market currencies in the region, adding to its popularity in forex trading. Overall, the SGD’s stable economy, strong financial system, and flexibility make it a popular currency for trading in Singapore.

Why survivor bias is a major pitfall and how to avoid it

Survivor bias is a type of cognitive error that can lead to faulty decision-making.

This bias can be dangerous because it can cause us to overlook potential red flags and make poor decisions based on inaccurate information. So how can we avoid it?

Below, we will discuss some ways to minimize the effects of survivor bias and make better decisions based on the information that’s available.

What is survivor bias and how can it affect our thinking?

Survivorship bias occurs when researchers focus on individuals, groups, or cases that have passed some sort of selection process while ignoring those who did not.

In other words, it happens when we place too much weight on the successes and forget about the failures. This is a major pitfall because it can lead us to make mistakes about the world around us.

We might think that a certain strategy or approach is more successful than it is, or that a particular subgroup represents an entire group. It’s important to be aware of survivorship bias and to take steps to avoid it so that we can make sound decisions based on accurate information.

The dangers of assuming success when using survivor bias

Image Credits: analyzingalpha.com

When you’re relying on survivor bias, you’re making the dangerous assumption that everyone who has made it this far must be good.

You’re not considering the possibility that this person’s success may be a one-time fluke, or that they got lucky in some way. This can lead to some pretty bad decision-making.

For example, if you’re hiring for a new position and only consider the candidates who have been successful in their previous roles, you may be overlooking someone who is perfectly suited for the job but has had a few rough patches along the way.

Another common example of survivor bias at work is when investors put all their money into a single stock, based solely on published investment fund return data. This can be a disastrous decision, especially if the company suddenly goes bankrupt.

Practical tips to reduce the risk of making decisions based on survivor bias

When it comes to making decisions, be aware of the pitfalls of survivor bias.

Here are a few practical tips to help reduce the risk of making decisions based on this type of error:

Don’t rely on anecdotal evidence.

Survivor bias often leads people to make decisions based on personal experiences or stories they’ve heard from others. However, personal experiences are not always representative of the larger group, so gather data from a variety of sources before coming to any conclusions.

Exercise caution when comparing groups.

It’s natural to want to compare different groups and see which one comes out on top. However, this can be a risky move, especially if you’re not taking into account all the factors involved. Always use caution when comparing groups and make sure you’re looking at all relevant facts before drawing any conclusions.

Remember that success is not always representative of the entire group.

Just because a particular group or investment has had success, doesn’t mean that every other group or investment is doomed to fail.

When it comes to making decisions, be aware of the potential for survivor bias. This is when you make decisions based on the evidence you have in front of you, without taking into account the fact that you might be biased. For example, if you only looked at successful businesses, you would be underestimating the risk of starting your own niche business. This is a major pitfall because it can cause you to make mistakes based on your beliefs. To avoid this, try to look at the evidence from as many different angles as possible. This way, you can make a more informed decision based on a well-rounded point of view.