Sengkang grand land bid price was 923 psf, breakeven is about 14xx ish, selling at 16xx-17xx i feel is quite reasonable considering it is a mix development. The developer won't reduce the price any further unless the company is going burst or else they will suffer losses. Sooner or later, the prices are just going to increase.
Is SKG worth 1.6-1.8k PSF for a property in SK ? Just take a look 4 mrts down, park colonial as comparison, opposite mix development, during launch it was sold for 1.6k ish average, after it relaunch during phase 2 it is selling at 1.8k ish, just see the recent transactions, it is already creeping around 2k.
Just look at riverfront and parc botannia last transactions and see.
The market is slowly shifting, maybe sims villa/pasir ris mix development can help to curb the increase in prices, but its pretty evident that the existing launches prices will increase.
1.1k-ish for a new launch condo (OLA) ? Where else can you find ? Or be like aunty lor, wait and hope market crash then can one time swoop everything