Property news from the media can be very confusing these days. Headlines of articles on a single day can be totally contradictory to each other.
On Monday August 14, Business Times had an article “Analysts upbeat on property, tech after Q2’s mixed earnings”. Flip the Straits Times on the same day and there’s a headline “More firms closing amid tough economy”.
Such inconsistencies make readers wonder: Is the recovery of the real estate industry independent of the economic slowdown? Should we be upbeat about the property market regardless of the tough business environment?
An unanimous media support for market recovery
Newspaper articles that talk about bottoming-out of the property market used to appear only on weekends – when there are pages and pages of advertisements of new launch, re-launch and overseas projects.
That we understand.
But recently, whenever there’s a new launch, a Chinese developer won the top bid, or an en bloc sale was concluded or listed on …