Sluggish sales could hit property market in August: analysts

Submitted By:  Luz Wendy Noble Case Study:  No Buyers usually prefer to postpone purchases during the hungry ghost festival. The hungry ghost festival in August where buyers usually prefer to hold back purchases may take its toll on the property sales for the month, Colliers International and OrangeTee and Tie said. The significant drop in sales may even continue to September, according to Colliers International. In addition, buyers’ knee-jerk reaction to the latest cooling measures will add to the yearly ghost month trend. read more