As we enter into the Ghost Festival (7th month of the lunar calendar from August and usually lasts for a month till September), there will be just one question that buyers will be asking:
Does buying a property during the Hungry Ghost month have any effect on its future profitability?
In ourprevious article, we examined the effects of the profitability of houses when they were sold during the Ghost Festival. We found that there were no significant economic differences between houses sold during the Ghost Festival, and those sold outside those months.
With the property market showing no signs of slowing down, could we continue seeing the bullish trend continuing in this current Hungry Ghost month? This time, let’s look at the buying side instead so that aspiring homeowners like yourself can make an informed decision on whether to enter the market during this period instead of shying away due to superstitious beliefs....