View Poll Results: Is it a good time to buy residential property in Singapore now?

Voters
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  • Good time to buy

    11 73.33%
  • Bad time to buy

    2 13.33%
  • Not sure

    2 13.33%
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Thread: Buying Attitude Index - Q3 2017

  1. #1

    Default Buying Attitude Index - Q3 2017

    Why this index?
    In Singapore, there is no official buyer-driven (not developer-driven) index to show Buyers' Attitude for residential properties. This forum is the best place to fill in that gap.

    How does it work?
    Everyone is entitled for one vote, the index is calculated by:
    the percentage of bulls - percentage of bears
    (Please vote even if you are neutral because it will change the overall percentage scores).

    Historical Numbers:

    Quarter, Votes, Index
    Q4 2012, 65, +12
    Q1 2013, 35, +6
    Q2 2013, 56, 0
    Q3, 2013, 59, -34
    Q4, 2013, 53, -45
    Q1, 2014, 45, -33
    Q2, 2014, 43, -44
    Q3, 2014, 48, -19
    Q4, 2014, 29, +14
    Q1, 2015, 29, +7
    Q2, 2015, 20, +15
    Q3, 2015, 16, +56
    Q4, 2015, 7, +28
    Q1, 2016, 12, +34
    Q2, 2016, 16, +32
    Q3, 2016, 16, +81
    Q4, 2016, 11, +64
    Q1, 2017, 14, +21
    Q2, 2017, 13, +77

    (The max of the index is 100, the minimum of the index is -100)

    With Beijing property price drops for 20%, and Canada at its bubble. Are you sure it is still a good time to buy property in Singapore?

    Thanks,
    Richard

  2. #2
    Join Date
    Aug 2009
    Posts
    3,865

    Default

    One thing for sure
    this forum is very quiet now

    You can see the number of voters over these years...

  3. #3

    Default

    Quote Originally Posted by Laguna View Post
    One thing for sure
    this forum is very quiet now

    You can see the number of voters over these years...
    The equivalent forum at HW Zone is a lot more active
    (probably due to more discussions on HDBs and ECs):

    http://forums.hardwarezone.com.sg/ho...homemakers-74/

  4. #4
    Join Date
    Aug 2009
    Posts
    3,865

    Default

    Quote Originally Posted by anythingwhatever View Post
    The equivalent forum at HW Zone is a lot more active
    (probably due to more discussions on HDBs and ECs):

    http://forums.hardwarezone.com.sg/ho...homemakers-74/
    different market segment....HDB+EC = about 80-85% of population...and mostly of them are younger....digital age

  5. #5
    Join Date
    May 2012
    Posts
    3,751

    Default

    Other disruptive technology effects as well.

    There are other instant peer to peer platforms such as Facebook and WhatsApp.

    For some, neighbors actually become close friends. People who are likeminded and at a similar stage of life congregate.

    Forum hard to do such focused discussions as everyone from a different walk of life and looking at different segment. And the naysayers rarely emerge in such groupings.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  6. #6

    Default

    Quote Originally Posted by Kelonguni View Post
    Other disruptive technology effects as well.

    There are other instant peer to peer platforms such as Facebook and WhatsApp.

    For some, neighbors actually become close friends. People who are likeminded and at a similar stage of life congregate.

    Forum hard to do such focused discussions as everyone from a different walk of life and looking at different segment. And the naysayers rarely emerge in such groupings.
    Remind us of the 1000 Year Peak Price...

  7. #7

    Default

    I think it is a good time for first timers to buy.

  8. #8
    Join Date
    Mar 2009
    Posts
    10,739

    Default

    Like minded people talking together and with similar thinking, what people call "group-think"???

    Frankly speaking, PAP party was initially formed with really very diverse thinking members and people with very diverse background (even including communists!), that is why Singapore can achieve what it has today.
    It would be a disaster if Singapore government is full of such "like-minded" people with "group-think" from the start.............

    Quote Originally Posted by Kelonguni View Post
    Other disruptive technology effects as well.

    There are other instant peer to peer platforms such as Facebook and WhatsApp.

    For some, neighbors actually become close friends. People who are likeminded and at a similar stage of life congregate.

    Forum hard to do such focused discussions as everyone from a different walk of life and looking at different segment. And the naysayers rarely emerge in such groupings.

  9. #9
    Join Date
    May 2012
    Posts
    3,751

    Default

    You mean current US / UK parliaments with the diversity, no group-think, good?

    Quote Originally Posted by teddybear View Post
    Like minded people talking together and with similar thinking, what people call "group-think"???

    Frankly speaking, PAP party was initially formed with really very diverse thinking members and people with very diverse background (even including communists!), that is why Singapore can achieve what it has today.
    It would be a disaster if Singapore government is full of such "like-minded" people with "group-think" from the start.............
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  10. #10

    Default

    Quote Originally Posted by Developer View Post
    I think it is a good time for first timers to buy.
    developers and agents always say that.

  11. #11
    Join Date
    Mar 2009
    Posts
    10,739

    Default

    How to compare Singapore to US and UK hah?
    They would be around for the next 1 thousand years and more!
    Not sure about Singapore though............

    Quote Originally Posted by Kelonguni View Post
    You mean current US / UK parliaments with the diversity, no group-think, good?

  12. #12
    Join Date
    May 2012
    Posts
    3,751

    Default

    Quote Originally Posted by teddybear View Post
    How to compare Singapore to US and UK hah?
    They would be around for the next 1 thousand years and more!
    Not sure about Singapore though............
    Actually it's also not about groupthink.

    For example, in general forums, there will be those who want to buy a development but tell others not to buy. Or people who missed specific kinds of boats or segments and keep putting down others who are coping well.

    For such peer-to-peer platforms, the focus is not on whether to buy or not, or on judging others who bought, but rather, on how to do better and better, where are the best lobangs (interest rates, furnishings etc), how to cope with different situations. Generally very enriching.

    Singapore will still be around lah, at the worst scenario the whole island bought by China.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  13. #13
    Join Date
    Nov 2015
    Location
    Duo Residences
    Posts
    291

    Default

    Quote Originally Posted by teddybear View Post
    How to compare Singapore to US and UK hah?
    They would be around for the next 1 thousand years and more!
    Not sure about Singapore though............
    Not sure what is all the confidence in the West about? Are they really doing that well now?

    We might not be around collectively in 1,000 years coz we might all be flooded from the rising sea levels because we are screwing up the planet.

    Anyway, this thread is about properties now and not 1,000 years later.

  14. #14

    Default

    Quote Originally Posted by PropVestor View Post
    Not sure what is all the confidence in the West about? Are they really doing that well now?

    We might not be around collectively in 1,000 years coz we might all be flooded from the rising sea levels because we are screwing up the planet.

    Anyway, this thread is about properties now and not 1,000 years later.
    Beware, the 1000 Ears Peek Prize is coming...

  15. #15

    Default

    Number of votes: 11
    Index: 73 - 18 = 55

  16. #16

    Default Red Hot


  17. #17

    Default

    Quote Originally Posted by Arcachon View Post
    100 Palms, 100 Ears Peek Prize.

  18. #18
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    Have a few questions on the market :

    1. If there were no cooling measures from the govt, do you think the property market would be higher today????

    2. How much higher????

    3. Do you think people are richer today compared with 2008?

    4. Do you see a recession coming soon????

    5. Do you think if a recession happens, Govt will do something to ease the pain???? Unlike 1997, where austerity was the way and IMF insisted Govt do not bill out companies, only then will they lent money. Notice the difference of 1997 vs 2008.

    6. Do you think parents are assisting children w their property down payments?????

    7. Now come to your own conclusions.

  19. #19
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    Repost

  20. #20

    Default

    1. If there were no cooling measures from the govt, do you think the property market would be higher today????

    Yes

    2. How much higher????

    50% higher

    3. Do you think people are richer today compared with 2008?

    Yes, just look at the number of degrees holder.

    4. Do you see a recession coming soon????

    The recession is already here, the government is managing it.

    5. Do you think if a recession happens, Govt will do something to ease the pain???? Unlike 1997, where austerity was the way and IMF insisted Govt do not bill out companies, only then will they lent money. Notice the difference of 1997 vs 2008.

    After the US show the World how to print their problem away, all hell break lose.

    6. Do you think parents are assisting children w their property down payments?????

    If parents cannot buy then use children name, if parents don't want to help their children most likely their cannot help themselves.

    7. Now come to your own conclusions.

    Don't wait for some kind of fruit to drop, can buy go ahead. Singapore need to import sand to have land unlike other country they can just empty the town and move to another and they call the empty town ghost town. Have been to a number of the ghost town when I was driving from Tuson to Texas for AH64D certification training at Ft Hood.



    Last edited by Arcachon; 23rd July 2017 at 12:31 AM.

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