In US, there is a Buying Attitude Index.
Is there such an index in Singapore?
Thanks,
Richard
In US, there is a Buying Attitude Index.
Is there such an index in Singapore?
Thanks,
Richard
Yes. Its just one rating - CHEONG AH!!!!!!!!!!
ok, got your vote.
Let's see what others say ...
Thanks,
Richard
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)
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
I actually voted BAD.Originally Posted by richwang
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.
It is interesting that when one really needs to vote, his/her view can be different from the words are saying.
Thanks,
Richard
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.
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.
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
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.....Originally Posted by richwang
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
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.
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
Own stay is a definite yes.
Investment will depends on so many things.
So I voted no sure.
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
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.
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....
I think TS meant to say
SENTIMENT
rather than
ATTITUDE
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.
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.
Well, the US Index is indeed called "Buying Attitude Index".Originally Posted by carbuncle
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。。。Originally Posted by richwang
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
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.
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.
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.Originally Posted by 3C
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
I am equally puzzled.Originally Posted by DKSG