Hungry Ghosts Festival

Hungry Ghosts may spook property boom

The subprime crisis half a world away — coupled with the Hungry Ghost Festival in Asia — may mean a quieter month for property agents in Singapore. August — traditionally a slower month because of superstitious house-buyers — will be hit by the double whammy of poor purchasing sentiment that’s spilling over from the US because of the subprime saga, said analysts. Developers are likely to delay...

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