This week, I read the news and see that Pasir Ris 8, a suburban condo located just next to Pasir Ris MRT saw multiple price hikes over the weekend to over S$2000 psf.
I was shocked by the pricing.
Rewind more than a decade back, when I was looking for my first private home, I thought that anything more than S$1,000 psf was expensive. And mind you, that is Freehold (FH) status and not leasehold (LH) in a better location in my opinion. Of course it is not brand new, but still within the 10 year old +/- age.
In 2012-2013, when several of my friends booked their brand new condo at >S$1,300 psf, I thought to myself, wow….. crazy! It’s so expensive for a 99 year old LH apartment. And those condos are also near to MRT and located at more prime location than Pasir Ris.
Who will have thought that now….. people are buying at S$2,000 psf for a LH 99 year old condo, at Pasir Ris?...