By Fiona Chan, Property Reporter

While there is little to be excited about in today's quiet property market, it may be a good time for genuine home buyers to take advantage of the slowdown and scour the market for bargains.

Now that the inauspicious Hungry Ghost month has passed, developers are gearing up to launch new projects and home sellers may also start to test the waters again.

If you are a first-time home buyer, what should you know before taking the plunge?

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