Banks are laying off a lot of people in these 2 months, they have also increased P and H mortgage rates, many factories have much less business... economy will go down a lot next year.
Besides, supply of new flats will increase a lot in 2013-14 due to increased lands sold this year and the promise of the new CEO on building a lot more houses and induce more restrictions on the property market.
Many experts have predicted the property market to drop 10-15% or even 20% next year. So no hurry to buy now.
Yes, so at such a time it's better to buy new flats at similar price, the mortgage terms is much better...
There are a lot more to sell very soon, over 1000 at Tai Wai rail station, a few thousands at TW west station, TM station, TKO MTR, Austin Road station, a few thousands next to Science Centre at Tai Po etc. etc.