Tag Archives: General

Ghost Month won’t spook buyers

Posted on 23 Aug 2009 | Comments Off on Ghost Month won’t spook buyers

Developers go ahead with launches, hoping buying fervour will overcome superstition

Strong buying momentum in the property market is expected to hold up a traditionally slow month of sales in August as the Hungry Ghost Month – the seventh month of the lunar calendar – kicked in last Thursday.

For non-superstitious home buyers, the good news is developers seem to be going full steam ahead with launches.

The property market typically goes into a lull during this period, which ends on Sept 18 this year, as many Chinese consider it inauspicious to make housing commitments, move house or start renovation work at this time.

But practicality often overrides superstition, especially when buyers are presented with attractive options.

Property consultant Nicholas Mak, who is also a Ngee Ann Polytechnic real estate lecturer, said developers would likely want to ‘capitalise on the Continue reading →

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Posted in New Launches, Property Market / Real Estate

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S’pore most expensive Asian city after Tokyo: Survey

Posted on 21 Aug 2009 | Comments Off on S’pore most expensive Asian city after Tokyo: Survey

Hong Kong No. 3 as rent was excluded; S’pore moves up to 24th globally.

SINGAPORE is the No.2 most expensive Asian city to live in, with only famously pricey Tokyo ahead in the rankings, according to a study by Swiss bank UBS.

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UBS assessed the purchasing power of residents in 73 cities and compared prices of a standardised basket of 122 goods and services, excluding rents.

The Asian top three were no surprise although Hong Kong usually emerges as more expensive in such surveys; but not this time as UBS discounted rent. Continue reading →

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Posted in Property Market / Real Estate

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