Sep 21 2013, 10:50 PM
QUOTE(Wiredx @ Sep 21 2013, 10:42 PM)
Two possible reasons for a hot market:
1-Population is growing in numbers rapidly and are getting more wealthy and need more and more houses, hence the good takeup rates for new launches.
2-People who made money from property in the past few years keep reinvesting and their friends and relatives are following suit, determined not to be left out, even though they themselves may not wish to live in the houses they buy.
Which is it?
Scared of further price increase, knowing some factors are not in favor for those waiting at the side line.1-Population is growing in numbers rapidly and are getting more wealthy and need more and more houses, hence the good takeup rates for new launches.
2-People who made money from property in the past few years keep reinvesting and their friends and relatives are following suit, determined not to be left out, even though they themselves may not wish to live in the houses they buy.
Which is it?
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