
Will this help?sundaymorningstaple wrote: I wouldn't take anything quoted by a real estate firm as the gospel, would you? I even have my doubts about the info from Government agencies but I'd put more into the article as it was through either HDB or SingStat (wish I could find it and quote it). But if you wanna say 20 or 30 %, go ahead. We'll just have to agree to disagree. It's strange that 3 realtors come up with three different estimates. All are based only on their own sales I reckon.
Yes they are obviously based on sales figures, but these reflect the state of the resale market, and housing agents have no vested interest in distorting the figures. X9200's link of 1 in 5 being PR is a 20% rate. Are you still saying that a fifth of the market has no impact on prices?sundaymorningstaple wrote:I wouldn't take anything quoted by a real estate firm as the gospel, would you? I even have my doubts about the info from Government agencies but I'd put more into the article as it was through either HDB or SingStat (wish I could find it and quote it). But if you wanna say 20 or 30 %, go ahead. We'll just have to agree to disagree. It's strange that 3 realtors come up with three different estimates. All are based only on their own sales I reckon.
MS, you understand the issue well. Yes there are many nuances that are hard to describe and impossible to measure. Housing prices are one of the few that can be quantified and very close to the Singaporean's heart so it makes up part of the picture and to deny its relevance defies logic.Mad Scientist wrote:I find this discussion intriguing and fascinating. I think this FT issues goes beyond HDB or private housing. It has more to it that one can meet the eye.
By local women I don't mean prostitutes or SPGs who are willing parties to one night stands, but the girl next door who is innocent enough to have her heart broken when she finds out that her 'boyfriend' is equally charming to many other women and sleeping with them all. I just don't like seeing this happen, that's all.longstebe wrote:WIMH, just out of interest, can you elaborate on your comment about the foreigners using local women for sex.
I be a typically thin skinned Singaporean, and you be a typically rude obnoxious expat. Live and let liveJR8 wrote:But then you are suggesting that characterising a behaviour is not acceptable. I disagree. There is a big difference between simply highlighting a national habit, and 'damning the entire population'. Unless you are a typically thin skinned Singaporean of course
I knew your 'interest' concealed a hidden agendalongstebe wrote:Thats fair comment WIMH but your message comes across that only foreigners commit this terrible act. Are the male Singapore's more considerate and never do this?
It may be such correlation but the chart simply compares two specific trends and that's it. I bet there are hundreds of such highly correlated trends with no PRs involved. In other words, sorry, this chart does not prove your point. It is much too complex to prove it this way. This kind of graph is a pure manipulation via statistics using two dimensional matrix to show something multidimensional in nature. I.e. probably (my educated guess) plotting the increase of Indian population over recent years against the reseal prices would give you also two highly correlated trends. Does it meant that all this is because of the Indians?Wind In My Hair wrote: Yes they are obviously based on sales figures, but these reflect the state of the resale market, and housing agents have no vested interest in distorting the figures. X9200's link of 1 in 5 being PR is a 20% rate. Are you still saying that a fifth of the market has no impact on prices?
May have, or may have not.
Have a look at this chart which shows a 0.93 correlation (1 being perfect correlation) between HDB resale prices and the number of foreigners and PRs in Singapore. You can pooh pooh statistics all you like but they are trickier to explain away than mere opinions.
SMS, I can't win can I? if I quote the government then I will be called a naive Singaporean who believes everything the gahmen tells me. I do my own thinking and I'm accused of not parroting official figures.sundaymorningstaple wrote:Funny you disagree with HDB's assessment of the facts.
I couldn't find that data so I'm working with what I have. From what I see I'm the only one here even bothering to try to understand the facts. Everyone else simply denies the possibility that foreigners do have an impact on property prices, for no other reason than you just don't want to believe it.sundaymorningstaple wrote:Your population statistics may or may not be a valid point for creating a percentage. What would be more valid is the local vrs PR "Households" as opposed to the total population don't you think?
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