Fret not, if it feels like business may have been slower or there's a general lack of major corporate movements in your industry this month.
The Singapore Business Review suggested that the 72% slump in property purchases for the month of August could be due to buyer fatigue as well as the 7th lunar month, ie. the Hungry Ghost Festival commemorated in Singapore from 16 August to 14 September. It is believed that moving house or any major auspicious activities should not be hosted during this period, so we're likely to have seen fewer weddings or business launches or major purchases done this month etc.
This overall sentiment could affect businesses in wealth management or the family office. Trends come and go, and this too shall pass. Rest in the knowledge that you have setup your coffers and made the best choices for the long-term good of your business. You can ride out whatever comes your way - a 3-year pandemic or a 1-month lunar festival.
Check out the original article here - https://sbr.com.sg/residential-property/in-focus/august-developer-sales-slump-it-buyer-fatigue-or-ghost-month-effect
General Slump over 7th Lunar Month, the Inauspicious Period
Fret not, if it feels like business may have been slower or there's a general lack of major corporate movements in your industry this month.
The Singapore Business Review suggested that the 72% slump in property purchases for the month of August could be due to buyer fatigue as well as the 7th lunar month, ie. the Hungry Ghost Festival commemorated in Singapore from 16 August to 14 September. It is believed that moving house or any major auspicious activities should not be hosted during this period, so we're likely to have seen fewer weddings or business launches or major purchases done this month etc.
This overall sentiment could affect businesses in wealth management or the family office. Trends come and go, and this too shall pass. Rest in the knowledge that you have setup your coffers and made the best choices for the long-term good of your business. You can ride out whatever comes your way - a 3-year pandemic or a 1-month lunar festival.
Check out the original article here - https://sbr.com.sg/residential-property/in-focus/august-developer-sales-slump-it-buyer-fatigue-or-ghost-month-effect