"A confluence of factors - the June school holidays, the World Cup, the brewing economic crisis in Europe, and the onset of the Hungry Ghosts Month in August - may cause developers to go a bit slower on property launches in the near future.
DTZ's Mrs Ong says that even as developers hold off launches in June, they will watch the market very carefully especially bids at upcoming state land tenders.
'If winning bids ease, developers will have pricing flexibility for their end unit prices. If land prices remain buoyant or even surge further, developers may think they have some respite from pressure to moderate their prices,' she added."
For full article, please visit Business Times
Hey, if you are those that are not holidaying in June, or that into soccer and thinks like a contrarian, then this is a wonderful time to go cherry picking! Call me, I'm still hard at work even during this period.
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