View Full Version : 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
One thing for sure
this forum is very quiet now
You can see the number of voters over these years...
anythingwhatever
17-07-17, 23:31
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/homeseekers-homemakers-74/
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/homeseekers-homemakers-74/
different market segment....HDB+EC = about 80-85% of population...and mostly of them are younger....digital age
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.
anythingwhatever
18-07-17, 08:28
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... :)
I think it is a good time for first timers to buy.
Like minded people talking together and with similar thinking, what people call "group-think"??? :eagerness:
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............. :onthego:
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.
You mean current US / UK parliaments with the diversity, no group-think, good?
Like minded people talking together and with similar thinking, what people call "group-think"??? :eagerness:
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............. :onthego:
tonymontana
18-07-17, 10:30
I think it is a good time for first timers to buy.
developers and agents always say that. :p
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............
You mean current US / UK parliaments with the diversity, no group-think, good?
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.
PropVestor
18-07-17, 18:01
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.
anythingwhatever
18-07-17, 19:00
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... :p
Number of votes: 11
Index: 73 - 18 = 55
http://www.channel8news.sg/image/3774554/1500721801000/large16x9/640/360/20170722-sg-soldout.jpg
anythingwhatever
22-07-17, 20:49
http://www.channel8news.sg/image/3774554/1500721801000/large16x9/640/360/20170722-sg-soldout.jpg
100 Palms, 100 Ears Peek Prize. :p
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.
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.
https://scontent-frt3-1.xx.fbcdn.net/v/t1.0-9/1917162_1213726216219_2960800_n.jpg?oh=0de8d5601ffc33c1e2c1d0d0921a389f&oe=59FD11A9
https://fb-s-b-a.akamaihd.net/h-ak-fbx/v/t1.0-9/10406616_10203522786923221_3328467873169245483_n.jpg?oh=8cf9c846e6de606f072d07ac7e4fc4ec&oe=5A027E8F&__gda__=1508673105_9b15ff4b4c0e095cd355c63cd97a7086
anythingwhatever
22-07-17, 23:34
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.
https://scontent-frt3-1.xx.fbcdn.net/v/t1.0-9/1917162_1213726216219_2960800_n.jpg?oh=0de8d5601ffc33c1e2c1d0d0921a389f&oe=59FD11A9
https://fb-s-b-a.akamaihd.net/h-ak-fbx/v/t1.0-9/10406616_10203522786923221_3328467873169245483_n.jpg?oh=8cf9c846e6de606f072d07ac7e4fc4ec&oe=5A027E8F&__gda__=1508673105_9b15ff4b4c0e095cd355c63cd97a7086
Power...
Power...
Wow almost 20 years
Class 3 Driving license and one-day orientation drive and the America say you are good to go driving the Hermit on the highway.
https://www.mindef.gov.sg/imindef/press_room/official_releases/nr/2003/apr/09apr03_nr/09apr03_fs1.html
http://l7.alamy.com/zooms/694932f4df65407b89d2d480aa9c13de/republic-of-singapore-air-force-ah-64d-apache-longbow-helicopters-erdg89.jpg
https://www.mindef.gov.sg/imindef/press_room/official_releases/nr/2002/may/18may02_nr2.html
https://www.mindef.gov.sg/content/imindef/press_room/official_releases/nr/2002/may/18may02_nr2/_jcr_content/imindefParsSub/0001/image.cuimg.278.264.png/1348221101519.png
PropVestor
22-07-17, 23:55
Well done Encik. This country thanks you for your service.
Well done Encik. This country thanks you for your service.
Still servicing in another pocket.
People talk about winter coming.... I am very puzzled?????? Before winter (recession), there neeeds to be popping of champagne, exuberance, feeling jolly.... a new peak, where are all this signs???? Where is the irrational exuberance???? Can someone enlighten me????
The housing asset bubble was prevented by the cooling measures. If the cooling measures were not implemented, I would be offloading now as a foamy bumble has formed. Hahahahaha
People talk about winter coming.... I am very puzzled?????? Before winter (recession), there neeeds to be popping of champagne, exuberance, feeling jolly.... a new peak, where are all this signs???? Where is the irrational exuberance???? Can someone enlighten me????
The housing asset bubble was prevented by the cooling measures. If the cooling measures were not implemented, I would be offloading now as a foamy bumble has formed. Hahahahaha
When you are not on the Boat, everyday is winter coming.
The cooling measure has prevented a long winter or no winter but to some winter is still coming.
Got money keep in the Bank wait for winter can only see the money going to buy less.
Since 2008 GFC, the world are told to print money to solve their problem. Some do it like Singapore others do it like Malaysia.
Was watching the documentary about Hong Kong housing and really hope Singapore don't turn out that way. If not our children will suffer. Housing is so unaffordable in Hong Kong. Slow and steady increase keeping up w inflation is better for the good of all Singaporeans.
anythingwhatever
23-07-17, 09:17
Was watching the documentary about Hong Kong housing and really hope Singapore don't turn out that way. If not our children will suffer. Housing is so unaffordable in Hong Kong. Slow and steady increase keeping up w inflation is better for the good of all Singaporeans.
Agree.
When properties prices increase rapidly, even those vested maybe worried, as their 99LH lease will eventually run out and their next generations may not be able to afford a home... (like what's happening in HK)
Imagine if you are staying in a condo with a change in Neighbour once every 3 months.😭
Was watching the documentary about Hong Kong housing and really hope Singapore don't turn out that way. If not our children will suffer. Housing is so unaffordable in Hong Kong. Slow and steady increase keeping up w inflation is better for the good of all Singaporeans.
tonymontana
23-07-17, 15:06
People talk about winter coming.... I am very puzzled?????? Before winter (recession), there neeeds to be popping of champagne, exuberance, feeling jolly.... a new peak, where are all this signs???? Where is the irrational exuberance???? Can someone enlighten me????
The housing asset bubble was prevented by the cooling measures. If the cooling measures were not implemented, I would be offloading now as a foamy bumble has formed. Hahahahaha
I see spring coming, not winter. Winter already 3.5 years.
tonymontana
23-07-17, 15:17
Was watching the documentary about Hong Kong housing and really hope Singapore don't turn out that way. If not our children will suffer. Housing is so unaffordable in Hong Kong. Slow and steady increase keeping up w inflation is better for the good of all Singaporeans.
Agree, as long as the country does well regionally, our assets should continue to appreciate. the govt has done their bit by ensuring our property market is now more resilient.
Anytime, winter or not, is a good time to buy provided you know what you are buying.
Anytime is a bad time to buy if buying indiscriminately.
Number of votes: 15
Index: 73 - 13 = 60
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