1000 psf seems expensive today but I am very certain when we look back in year 2020 (not too far away but far enough), it will be a totally different picture. I am not sure how many of you remember those days when S$1000 psf was unimaginable.....People were saying siow liao, property sure to crash in no time, none of us can afford it anymore. So, what happened, you may ask? The most expensive suburb then, got even more expensive today. One simple answer, our paper money got smaller and space got lesser.
Cheers
N
It may well be, i wasn't referring to landed but other types of properties which should not be so much more expensive especially at this point in time.
Of course i may be wrong though but i wouldn't go for anything above 700 psf as its still my "safety" line since lots of properties are still available at 700psf and below, anything above 800 psf is passing the "shark line" at the beach IMHO. This refers to current prices and of course prices may scale up or down tomorrow.
I don't waste time worrying about tomorrow, i just make sure i have done my due dilligence today and tomorrow will take care of itself.