Buying Attitude Index - Q2 2013

[richwang]

Why this index?
In Singapore, there is no official index to show Buyers' Attitude for residential properties. This forum is the best place to fill in this 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, Index, Votes
Q4 2012, 12, 65
Q1 2013, 6, 35

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

Thank you for voting - regardless of which camp you are in.
Richard

[richwang]

Population growth to 6.9M still have a positive impact to buying attitude.

[richwang]

http://www.economist.com/news/finance-and-economics/21569396-our-latest-round-up-shows-many-housing-markets-are-still-dumps-home

Singapore property is 57% over valued.

Hong Kong 69% over valued
Australia 45% over valued
US 7% under valued
Japan 37% under valued

[Arcachon]

Any Bank willing to loan me LTV 60% I will still buy. Who care whether it is overvalue or undervalue so long the rental income is more than mortgage's and inflation is more than bank interest rate.

[sh]

Interesting.... almost equal numbers of people thinking price will go up:) , go down:( and don't know....:confused:


Are we reaching the point of price stablisation....:beats-me-man:

[indomie]

We are in the middle of "new cold war" between USA and China. This time they are fighting not for ideology, but for economic influence. The weapon is money and buying up assets to control the global economy.

USA will continue bombardment with cheap money, to make sure that USD is remain the preferred world currency.

China is using cheap export to expand RMB influence.

This "new cold war" can last a very long time. USA is inducing inflation, while China is curbing inflation to the world. USA is trying hard to jack up the properties in chinese cities to increase costs in china. While, chinese are trying even harder to destroy USA manufacturing base by cheap export.

There is no way china properties will crash as long as USA has something to do with it.

[Arcachon]

http://www.channelnewsasia.com/tv/tvshows/documentaries/living-in-a-bubble/603330.html

[richwang]

34 - 37 = -3

slightly negative.

And a whole new generation of voters.

[richwang]

USA and China will not have a war (or cold war). They both love money.
The newer generation of mainland Chinese in cities are well educated in English. So the value systems are closer.

[cheerful]

34 - 37 = -3

slightly negative.

And a whole new generation of voters.

More saying 'good time to buy' rite?

[DKSG]

More saying 'good time to buy' rite?

A simple gauge is the extinction of the Bad news cut-and-paster.

He totally lost his way ... so what you think ?

DKSG

[danguard]

think certainty there is keen interest to look see to buy but due to the large quantum involved ... cold feet la (like me) :(

[4wheels]

TS, did you compile the previous surveys? Look at month by month? Is there a swing, drop or increase?

[may2012]

A relative just bought 2 units at one go.........yes, paid over 200k stamp duties. :scared-1:

[richwang]

37 - 35 = 2

[richwang]

TS, did you compile the previous surveys? Look at month by month? Is there a swing, drop or increase?

I started with a frequency of monthly. But forumers suggest to do it quarterly - which I support.

The general trend for the past quarters is modestly going down.

Thanks,
Richard