Property Market Sentiments

[weijian]

[quote pid='127497' dateline='1458773162']
Yes we have to look at the other camp. But those who are interested in purchasing another property actually rose from 14% to 59%. Also mean, 86% were not interested in purchasing in 2015 but now only 41% were not interested.

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As equity markets started to drop, don't those self proclaimed 'value and long term' retail investors start to buy the dips?
When crunch time comes, out of the 41% who were not interested, 10% of them will turn to become interested. The bulk of the now 59% interested parties miraculously become 'not interested'.

I still don't exactly know how it works, but my intuition tells me that been part of the crowd (ie. the 59%) most probably would just allow one to stay average (at best).

Anyways, this survey is conducted by some property website and so we should simply just read and forget! (just read the below statement by CEO...I classify this as 'noise' to be disregarded and preciously guard my attention to reserve for the signal)

“Today’s property buyers think they can wait for additional price declines, but it is very difficult to time the market. Clearly pent-up demand is there; our respondents are not bothered by anticipated rate rises, indicating their funding and finance options are strong,” said Sean Tan, Singapore General Manager and Chief Business Development Officer at iProperty Group.