Tag Archives: Property Buyers

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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7 types of buyers in the market

Posted on 22 Aug 2009 | Comments Off on 7 types of buyers in the market

1 SPECULATORS

These are the people who buy property with a view to flipping it to make a quick profit.

They have no intention of actually living in their property. As long as they can make money from the property, its design or layout is of little importance.

Some speculators have even bought units without bothering to step into the showflats, while others have sold homes only hours after buying them.

This is the group you can count on for the queues, blank cheques and recession-defying rise in prices.

They can continue playing the market as long as their actions do not get out of control.

2 SPECU-VESTORS

Coined in recent years, this term refers to those who buy to flip but can afford to hold on to their investment if necessary. Continue reading →

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Posted in General, Property Market / Real Estate

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