There’s an old saying that, if you want to view a more expensive property, you should just revisit the same unit next week. It’s an exaggeration of course; but as of 2022, it’s closer to the truth than some home buyers may like. One of the gripes we hear today is that, in an increasing number of new launches, you’ll face prices of $2,000+ psf or higher – a price that we once associated with luxury condos. An example is the recent launch of Piccadilly Grand that had indicative prices of $2,000+ psf, which perhaps in 2020 people would be calling a crazy price. Today, it almost seems like a reasonable price. Has this become the new norm? The state of new launch prices today From the above, we can see prices shot up just after the peak of the Covid epidemic (around 2020). It was in Q1 2021 when new launch prices first averaged $2,013.92 psf, the highest point in close to a decade....