Poor sentiment but prices still holding

SENTIMENT matters. But there does not seem to be “much documented evidence” that property sales are as bad as painted out to be, according to a few property consultants, some of whom declined to be named.

Using figures by the National Property Information Centre (Napic) as well as figures from a survey among developers, they concluded that although there is a time lag in Napic statistics, the situation may not be as bad as some quarters make it out to be.