Kevin Tan
10-02-16, 08:29
http://www.theedgeproperty.com.sg/content/which-way-will-home-prices-swing-year-monkey
Which way will home prices swing in the Year of the Monkey?
By Lin Zhiqin / The Edge Property | February 5, 2016 9:00 AM MYT
Tags: CNYchinese new yearforecastpredictionresidentialhomepricesfeng shuiastrology
As the world ushers in the Fire Monkey on Feb 8, The Edge Property teams up with two feng shui consultants to gather alternative insights into the property market.
Mischievous in nature, this creature has taken the property market on a wild ride. In previous years of the Monkey, private home prices had swung as high as 88% in 1980, risen 16% in 1992 and 1% in 2004. While those years were generally positive for the property market, price growth has tapered over the past three cycles.
Datuk Joey Yap of Joey Yap Pte Ltd says: “We may attempt to study the performance trends of the real estate market of Singapore by first understanding its elemental relationships in the year of the Fire Monkey. [As] the real estate sector belongs to the Earth element, it favours the Water element, which represents its wealth prospects. As such, the presence of a hidden water element in 2016 may suggest the possibility of nominal improvements for real estate in Singapore.”
Based on astrological trends, property prices might stabilise in the Year of the Rooster in 2017. The past three Rooster cycles had witnessed an uptrend in private home prices — 35% in 1981, 36% in 1993 and 4% in 2005.
The years of the Dog and Pig have been similarly marked by rising property prices in the past three cycles (see chart and Table 1 in the next page). Drawing from this pattern, prices of private homes could start to show signs of recovery as early as 2017, and pick up in the years of the Dog (2018) and Pig (2019).
“Uptrends in the property market may be observed in years that are related to the water element, such as those of the Pig and Dragon. On the other hand, this sector is unlikely to record favourable performance trends in years dominated by strong Fire and Earth elements, such as the recent years of the Horse, Goat and Ox [because] Water is dried up by the intense Fire or countered by excessive Earth elements,” Yap says.
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home prices vs zodiac
property prices vs zodiac
Property agents’ performance by zodiac in 2015
Although property agents with unfavourable zodiacs might face tougher times in closing deals, they do not always end up worse off than those with “luckier” zodiacs. Both Anthony Lee of Lee Metaphysics Consulting and Yap agree that 2015 was favourable for agents born in the years of the Horse, Rabbit and Pig, and challenging for those born in the years of the Ox, Dog and Rat. A survey of the top 30 agents by sales in 2015 at Knight Frank Property Network Pte Ltd and Powerful Negotiators Group at PropNex Realty shows many of them overcoming their astrological challenges.
http://www.theedgeproperty.com.sg/content/which-way-will-home-prices-swing-year-monkey
Which way will home prices swing in the Year of the Monkey?
By Lin Zhiqin / The Edge Property | February 5, 2016 9:00 AM MYT
Tags: CNYchinese new yearforecastpredictionresidentialhomepricesfeng shuiastrology
As the world ushers in the Fire Monkey on Feb 8, The Edge Property teams up with two feng shui consultants to gather alternative insights into the property market.
Mischievous in nature, this creature has taken the property market on a wild ride. In previous years of the Monkey, private home prices had swung as high as 88% in 1980, risen 16% in 1992 and 1% in 2004. While those years were generally positive for the property market, price growth has tapered over the past three cycles.
Datuk Joey Yap of Joey Yap Pte Ltd says: “We may attempt to study the performance trends of the real estate market of Singapore by first understanding its elemental relationships in the year of the Fire Monkey. [As] the real estate sector belongs to the Earth element, it favours the Water element, which represents its wealth prospects. As such, the presence of a hidden water element in 2016 may suggest the possibility of nominal improvements for real estate in Singapore.”
Based on astrological trends, property prices might stabilise in the Year of the Rooster in 2017. The past three Rooster cycles had witnessed an uptrend in private home prices — 35% in 1981, 36% in 1993 and 4% in 2005.
The years of the Dog and Pig have been similarly marked by rising property prices in the past three cycles (see chart and Table 1 in the next page). Drawing from this pattern, prices of private homes could start to show signs of recovery as early as 2017, and pick up in the years of the Dog (2018) and Pig (2019).
“Uptrends in the property market may be observed in years that are related to the water element, such as those of the Pig and Dragon. On the other hand, this sector is unlikely to record favourable performance trends in years dominated by strong Fire and Earth elements, such as the recent years of the Horse, Goat and Ox [because] Water is dried up by the intense Fire or countered by excessive Earth elements,” Yap says.
Looking for residential properties? Click here
home prices vs zodiac
property prices vs zodiac
Property agents’ performance by zodiac in 2015
Although property agents with unfavourable zodiacs might face tougher times in closing deals, they do not always end up worse off than those with “luckier” zodiacs. Both Anthony Lee of Lee Metaphysics Consulting and Yap agree that 2015 was favourable for agents born in the years of the Horse, Rabbit and Pig, and challenging for those born in the years of the Ox, Dog and Rat. A survey of the top 30 agents by sales in 2015 at Knight Frank Property Network Pte Ltd and Powerful Negotiators Group at PropNex Realty shows many of them overcoming their astrological challenges.
http://www.theedgeproperty.com.sg/content/which-way-will-home-prices-swing-year-monkey