Buying Attitude Index - Q3 2015

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

The index has remained in the positive zone for 3 quarters but with fewer voters. This forum is naturally positive biased.
The rental prices are clearly moving downwards. Is property in Singapore still a preferred investment tool?
With the next financial crisis in the horizon - possibly triggered by China, are we still in a buying mode?

Your votes will tell.

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

[bargain hunter]

I voted "Good time to buy". Preference for CCR and any bargains vs mass market.

[richwang]

Number of votes: 11
Index: 73 - 9 = +64

[bargain hunter]

any reason why u voted bad time to buy? as of now, u r the only one. else your index would be overwhelmingly bullish. :ashamed1:


Number of votes: 11
Index: 73 - 9 = +64

[richwang]

Number of votes: 15
Index: 67 - 13 = +54

[richwang]

any reason why u voted bad time to buy? as of now, u r the only one. else your index would be overwhelmingly bullish. :ashamed1:

The reasons are not important, and I am trying to make this survey as transparent as possible. So my statements are normally "objective' and factual.
Anyway, since you have asked, here are my reasons:

1. The next financial crisis is at the horizon: bank hiring managers are among the lowest willing to hire;
2. High End property prices (smart money) are coming down sharply;
3. My rental income has dropped by 20% - and still heading down. That will convert to bad yield for anyone buying for investment.

So I don't think it is a good time to buy.

Thanks,
Richard
PS. I am no longer the only person voted negatively, and no intention to influence anyone.