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Hungry Ghost Festival
Property market not affected by Hungry Ghost Festival
It is that time of the year when many Chinese Singaporeans shy away from undertaking major projects or “risky” activities during the Hungry Ghost Festival. The festival, which occurs during the 7th month of the lunar calendar, has affected everything from renovation to marriages. But observers said the property market has not really been affected … Continue reading
Property market quiet during Lunar 7th Month
The property market was quiet during the Lunar Seventh Month this year, according to real estate services company Colliers International. Only one property was sold, out of a total of 34 properties put up for auction sale, for S$1.66 million. This is comparable to the same period in 1998 – the year of the Asian … Continue reading
Hungry Ghost Festival to boost July home sales
Property developers are hoping that home buyers will purchase ahead of the Hungry Ghost Festival in August. Otherwise, overall market sentiment will be cautious. Chia Siew Chuin, Director of Research & Advisory at Colliers International, noted that while the end of the school holidays could imply the return of some buyers to the market, overall … Continue reading
Hungry Ghost property auction sales value hits 3-year high
This year’s Hungry Ghost Festival has spooked buyers in the property auction market, but enough cash was still burned up to set a three-year high in sales. Property consultancy Colliers International said on Wednesday only 14 out of 85 properties put up for auction during the Hungry Ghost Festival, which began on August 20, were … Continue reading
Hungry Ghost Festival fails to dampen property demand
Some consider the seventh month of the lunar calendar an inauspicious time to buy a property. But it seems like the Hungry Ghost Festival is not going to spook homebuyers and property investors in Singapore. A 99-year condominium at Toa Payoh was open for sale on Saturday and within a couple of hours, about 85 … Continue reading
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