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Condos sell despite Hungry Ghost taboo

Asia One
Condos sell despite Hungry Ghost taboo - condo - Singapore - property development

New condominium launches have fared well in the past two weeks despite the Hungry Ghost Festival, property analysts say.

It is common for buyers to hold out until the end of the Chinese festival when investing in property as the seventh month of the lunar calendar is traditionally deemed inauspicious.

However, property developers are reporting healthy numbers for sales made during the Hungry Ghost month this year.

V on Shenton, which is selling at an average of $2,200 per sq ft (psf) sold 27 units in just one week, The Straits Times (ST) reported.

General manager of UIC, Mr Michael Ng, told ST that sales were given a boost after the announcement of the Thomson MRT line as a station for Shenton Way will be located just behind the estate.


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