REAL estate will continue to rule the roost this year, with the lucky rooster scratching out last year’s happy monkey when the Chinese New Year begins on Saturday, January 28.
In a survey conducted by Juwai.com, an online source for Chinese hunting for international property, 56 per cent of real estate agents expect this year’s Chinese New Year to be busier than 2016.
And of the 26 per cent of Chinese planning to travel overseas during the annual festival, 57 per cent plan to purchase property while on holidays.
“Of all 12 animals in the Chinese zodiac, the rooster leads them all as he wakes everyone up in the morning,” Mr Xu said.
“So the new year is a great starting point for anyone who wants a fresh start including building their portfolio or buying a new home.
“And with the rooster being straightforward and easygoing, hopefully these people will have an easy starting point.”
Mr Xu added that the rooster was also a sign of integrity and punctuality, and offered people a new start while getting rid of bad luck.
“The reason last year was crazy was because of the lack of stock and demand is still quite strong,” he said.
“Consumers are now just looking at good value for money rather than actual areas, and more at medium range properties.
“Whether you’re buying or selling this year, 2017 should be a good one.”