Honestly, I cannot comprehend how such atrocity can continue well into present day.
From URA Website:
CENTRO RESIDENCES ANG MO KIO AVENUE 8 Condominium 1 $1,118,800 904sqft Strata 1,237psf Jan-10
CENTRO RESIDENCES ANG MO KIO AVENUE 8 Condominium 1 $927,730 807sqft Strata 1,149psf Jan-10
Everything about this development just screams outrage! Never before has any developer had the cheek to launch an OCR (suburban) "mass market condo" so high. We all know and there is no need to mention who the developer is.
Bishan 8 in bishan (of course), launched in 1997, was the last condo to have seen launch prices of above $1000psf. (Once again, no prizes for guessing who the developer is) And many first owners are still sitting on paper loss today.
This project would easily win the most outrageous project launched in 2009. Either the 83 buyers (so far) know something we don't, or like what I always say, in a bull market, people actually believe in bull*.
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