If only I had the benefit of hindsight. Now you can can say I had it easy, bought cheap. When I entered the market at the time, they weren't cheap (compared to the rest at that time) and I never knew prices were going to go up so quickly, I was prepared to hold long term with full knowledge of what I was in for. Back then, it was a better place to put money than in stocks or financial products, I felt.
But I generally share your sentiments... it IS a little risky to buy now. However if you spot a good place with good price, for example Park Infinia in Newton(close to Orchard) if you can persuade owner to sell at $1000-$1200 psf, or The Seaview in Amber Rd selling at $900 psf, why not?
Definitely a better buy than Upper Serangoon
at the same sort of prices!
*not vested in those places*
Edited by Viceroymenthol, 12 May 2008 - 07:48 PM.