View Poll Results: Is is a good time to buy Property Now?

Voters
65. You may not vote on this poll
  • Good Time to Buy

    26 40.00%
  • Bad Time to Buy

    18 27.69%
  • Not Sure

    21 32.31%
Page 1 of 3 123 LastLast
Results 1 to 30 of 78

Thread: Buying Attitude Index

  1. #1
    Join Date
    Jul 2009
    Posts
    1,823

    Default Buying Attitude Index

    In US, there is a Buying Attitude Index.

    Is there such an index in Singapore?

    Thanks,
    Richard

  2. #2
    Join Date
    Mar 2012
    Posts
    4,990

    Default

    Yes. Its just one rating - CHEONG AH!!!!!!!!!!

  3. #3
    Join Date
    Jul 2009
    Posts
    1,823

    Default got your vote

    ok, got your vote.
    Let's see what others say ...

    Thanks,
    Richard

  4. #4
    Join Date
    Oct 2010
    Posts
    2,094

    Default

    the property price in SG still not high enough meh?
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  5. #5
    Join Date
    Jun 2009
    Posts
    2,309

    Default

    Now is certainly a good time to buy.
    Prices has stablised over the past many quarters.

    Sellers are more acceptable to last done prices.

    Unless you feel that prices will crash in the next 12 months, otherwise, the tsunami of USD is going to come onto our shores very soon (MAS probably saw some of the first $40B making their way here).

    If you want cheongster-style profits, look into commercial/retail properties.
    Thats where the cheaongster-style will take place in the next 2-3 years.

    DKSG

  6. #6
    Join Date
    Mar 2012
    Posts
    4,990

    Default

    Quote Originally Posted by richwang
    ok, got your vote.
    Let's see what others say ...

    Thanks,
    Richard
    I actually voted BAD.

    The true boats of profit has long sailed past.

    Buy now only for own stay. (first house, 80% loan etc)

    For investment (40-60% loan), scrape the peanut shells left ba.

  7. #7
    Join Date
    Jul 2009
    Posts
    1,823

    Default Thanks!

    It is interesting that when one really needs to vote, his/her view can be different from the words are saying.

    Thanks,
    Richard

  8. #8
    Join Date
    Jul 2011
    Location
    Earth
    Posts
    4,063

    Default

    I voted not sure.

    Buy for own stay - yes.

    Buy for investment - yes: only if you are cash rich and comfortable with good holding power, no: if you are cash strapped and have to borrow to the hilt.

  9. #9
    Join Date
    Jul 2009
    Posts
    1,823

    Default Index Calculation

    Thanks!

    The index calculation is very simple.
    Bull - Bear.
    For example, right now:

    25% - 12.5% = 12.5%

    Even if you vote "Not Sure", it will impact the index calculation.
    That's the beauty of democracy.
    If you don't vote at all, you will have no impact to the index.

    Thanks,
    Richard
    PS. We definitely need larger samples to make the index meaningful.

  10. #10
    Join Date
    Jul 2009
    Posts
    1,823

    Default Every Vote Counts

    As I am typing, another person voted "Not Sure".

    So the new index is:

    22.2% - 11.1% = 11.1%

    See, every vote counts!

    Thanks,
    Richard

  11. #11
    Join Date
    Jul 2009
    Posts
    1,823

    Default Large Swing

    A single bullish vote has changed the index from 11% to 20%.
    It is now:

    30% - 10% = 20%

    So we need to be very careful when interpreting the numbers.

    Thanks,
    Richard
    PS. Every person's name is displayed, so I trust people will vote responsibly.

  12. #12
    Join Date
    Aug 2009
    Posts
    3,943

    Default

    Quote Originally Posted by richwang
    A single bullish vote has changed the index from 11% to 20%.
    It is now:

    30% - 10% = 20%

    So we need to be very careful when interpreting the numbers.

    Thanks,
    Richard
    PS. Every person's name is displayed, so I trust people will vote responsibly.
    hahah, I am so heavy weight and swing the vote.....

  13. #13
    Join Date
    Jul 2009
    Posts
    1,823

    Default Getting Better

    Another bullish vote has changed the index from 20 to 27. So this time a single vote has contributed only 7 points rather than 9 points previously.

    36 - 9 = 27

    The more people vote, the better the index will become.

    Thanks,
    Richard

  14. #14
    Join Date
    Jul 2009
    Posts
    1,823

    Default Bear Fights Back

    A single bear vote has changed the index to:

    33 - 17 = 16

    Please vote honestly as we might do this again in the next quarter.
    People can see whether you are changing your mind like crazy.

    Thanks,
    Richard
    PS. I've noticed the rounding error, it should be 17, but who cares with such swing.

  15. #15
    Join Date
    Jul 2009
    Posts
    1,823

    Default The vote coutinues

    Another bull vote has changed the index to:

    38 - 15 = 23

    If we are going to do this again next quarter, I will not be tracking the process so closely.

    I will just let it open for a couple of days and come to see the results.

    Thanks,
    Richard

  16. #16
    Join Date
    Jun 2012
    Posts
    170

    Default

    Own stay is a definite yes.

    Investment will depends on so many things.

    So I voted no sure.

  17. #17
    Join Date
    Jun 2009
    Posts
    2,309

    Default

    I think you shld make it clear that if you dont buy properties and leave the money in the bank account - does it make sense ?

    I think everyone knows that property prices is NOT going to go up by 100% in next 5 years ... but the slow and steady appreciation (with the help of our government) is making this a very good investment class.

    So, before the next CM comes and cripple your buying potential, better think hard.

    DKSG

  18. #18
    Join Date
    Jan 2011
    Posts
    787

    Default

    Voted yes on behalf of 3 friends who just bought - 2 bought 1 day after cm, and 1 bought 2 days ago. Another 1 may go in next few days.

    I think it depends on the objective and location.

  19. #19
    Join Date
    Oct 2010
    Posts
    1,420

    Default

    Now is as good a time as any....

    what has changed from the last 3 years.... nothing.... interest is still low, QEs are flushing the system with cash, rentals are ok, prices are creeping up slow but steady....

    so if 3 years ago is good for buying... so is now.... if you still got the buying power after the CMs....

  20. #20
    Join Date
    Mar 2012
    Posts
    4,990

    Default

    I think TS meant to say

    SENTIMENT
    rather than
    ATTITUDE

  21. #21
    Join Date
    Jun 2010
    Posts
    1,140

    Default

    Consolidation mode now, one more surge in next two - three years before party is over.

    Then again, government also quite smart, because they timed the completion of alot of infrastructure projects, i.e. NSE, TSL, DTL around Year 2018 to stabilize prices down the road if dip occurs.

  22. #22
    Join Date
    May 2011
    Posts
    616

    Default

    I voted bad

    upside potential limited as heavily tax by YKW.

    own style then LL yes. Die de must have a roof. It seems to need another big push to get the prices to move upwards. Else it should deviate 1%. But that's just my view.

  23. #23
    Join Date
    Jul 2009
    Posts
    1,823

    Default Attitude

    Quote Originally Posted by carbuncle
    I think TS meant to say

    SENTIMENT
    rather than
    ATTITUDE
    Well, the US Index is indeed called "Buying Attitude Index".

    English is not my native language, so I start to think why they use Attitude instead of Sentiment. My guess is:
    Sentiment is kind of thinking or dreaming,
    Attitude is what you actually do.

    Give you an example, someone said Singapore property will just go UP UP UP. That's sentiment.
    But when you ask him/her to put down the money NOW on property, he/she suddenly said, no, bad time.

    So I prefer "Buying Attitude Index".

    Anyway, it is now:

    39 - 26 = 13.

    Thanks a lot for all who have voted.
    Richard

  24. #24
    Join Date
    Mar 2012
    Posts
    4,990

    Default

    Quote Originally Posted by richwang
    Well, the US Index is indeed called "Buying Attitude Index".

    English is not my native language, so I start to think why they use Attitude instead of Sentiment. My guess is:
    Sentiment is kind of thinking or dreaming,
    Attitude is what you actually do.

    Give you an example, someone said Singapore property will just go UP UP UP. That's sentiment.
    But when you ask him/her to put down the money NOW on property, he/she suddenly said, no, bad time.

    So I prefer "Buying Attitude Index".

    Anyway, it is now:

    39 - 26 = 13.

    Thanks a lot for all who have voted.
    Richard
    你好坏喲!几酸一下。。。

  25. #25
    Join Date
    Jul 2009
    Posts
    1,823

    Default Getting better now

    Another bull vote has changed the index to

    41 - 25 = 16

    This is just a 3 points swing.

    So the index is getting better now.

    Great Team Work:
    It doesn't matter whether you are bull, bear or side line,
    as long as you are real.

    Thanks,
    Richard

  26. #26
    Join Date
    Jul 2008
    Posts
    804

    Default

    Have been stocking up dry powder for the past two years. Maybe when the bears start dumping their CCR ones, I'd go and get one that is at least 1200sqft.

  27. #27
    Join Date
    Jul 2009
    Posts
    1,823

    Default Wage Inflation

    New reading:

    44 - 24 = 20

    Thanks,
    Richard
    PS. Somehow I feel the next inflation could come from Wage. So getting a job (in particular in health care) is indeed a brilliant idea.

  28. #28
    Join Date
    May 2010
    Posts
    543

    Default

    Voted not sure.

    Interestingly many quoted QE3 as the reason for buying.

    Actually this money is flooding the bank and not our commoners' pockets.

    Yup, investor may want to park their money in properties and interest is super low indeed

    The questions are:

    1) What happen if the west economy picked up and suddenly withdraw their funds. Interest will shoot up.

    2) What if the east giant & the rest get tired of continue supporting US bonds buying and the $US free fall.

    High inflation does not mean many can afford to buy big tickets item, instead they will think of filling the stomach first. You can shout for $500K COV but who cares. So be cautious

  29. #29
    Join Date
    Jun 2009
    Posts
    2,309

    Default

    Quote Originally Posted by 3C
    Voted not sure.

    Interestingly many quoted QE3 as the reason for buying.

    Actually this money is flooding the bank and not our commoners' pockets.

    Yup, investor may want to park their money in properties and interest is super low indeed

    The questions are:

    1) What happen if the west economy picked up and suddenly withdraw their funds. Interest will shoot up.

    2) What if the east giant & the rest get tired of continue supporting US bonds buying and the $US free fall.

    High inflation does not mean many can afford to buy big tickets item, instead they will think of filling the stomach first. You can shout for $500K COV but who cares. So be cautious
    Strange that people still dont understand the impact of QEs.

    With the interest loans gushing onto our shores, money will be chasing assets. Think you never heard of foreigners collaborating with their local friends to buy properties like nobody's business?

    If the bank give u interest free loans now, what will you do ? Keep the money in the bank and earning 0.1% pa ? nononono!

    Someone will scream ice-cream or gelato!

    This is what is going to happen soon in our property market (I dont mean the screaming part).

    MAS clearly sees this and quickly lowered the LTV for companies to 40%.

    Apparently the 10% ABSD is slowly losing its effect because it is known that in a few years time, our property market (together with currency) will appreciate by 10%. OR the foreign investor's currency may drop more than 10%.

    *sigh ... talk so much also dont know people understand or not ... better stop here ...

    DKSG

  30. #30
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    I am equally puzzled.
    Quote Originally Posted by DKSG
    Strange that people still dont understand the impact of QEs.

    With the interest loans gushing onto our shores, money will be chasing assets. Think you never heard of foreigners collaborating with their local friends to buy properties like nobody's business?

    If the bank give u interest free loans now, what will you do ? Keep the money in the bank and earning 0.1% pa ? nononono!

    Someone will scream ice-cream or gelato!

    This is what is going to happen soon in our property market (I dont mean the screaming part).

    MAS clearly sees this and quickly lowered the LTV for companies to 40%.

    Apparently the 10% ABSD is slowly losing its effect because it is known that in a few years time, our property market (together with currency) will appreciate by 10%. OR the foreign investor's currency may drop more than 10%.

    *sigh ... talk so much also dont know people understand or not ... better stop here ...

    DKSG

Similar Threads

  1. Buying Attitude Index - Q3 2017
    By richwang in forum Singapore Private Condominium Property Discussion and News
    Replies: 33
    -: 29-07-17, 13:29
  2. Buying Attitude Index - Q1 2016
    By richwang in forum Singapore Private Condominium Property Discussion and News
    Replies: 3
    -: 30-01-16, 19:40
  3. Buying Attitude Index - Q3 2014
    By richwang in forum Singapore Private Condominium Property Discussion and News
    Replies: 17
    -: 28-07-14, 10:04
  4. Buying Attitude Index - Q4 2013
    By richwang in forum Singapore Private Condominium Property Discussion and News
    Replies: 14
    -: 07-10-13, 20:08
  5. Buying Attitude Index - Jan 2013
    By richwang in forum Singapore Private Condominium Property Discussion and News
    Replies: 6
    -: 07-01-13, 22:07

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •