When I presented “When Is The Best Time To Buy or Sell?” in September’s SMART Expo, I talked about timing in property investment.
I mentioned that property agents often tell you it is impossible to time the market. You may not be able to time the market. But you can never be too good if you can’t tell the difference between a good versus a bad time to buy.
You don’t have to wait until there is blood everywhere in the street to buy. But you don’t buy when the time is not right.
The end of a legendary property cycle
Hong Kong property prices have increased five times since the SARS period in 2003. But the legend of a 28-month bull market has finally come to a halt by the end of September.
In September, developers were still launching sold-out new projects at record-high psf prices to enthusiastic buyers in the queue. Barely two months later, developers are already …