Enbloc fever

Just read at today's BT that Westwood Apartments (Orchard Boulevard) has an indicative price of $488 mil, which translates to about $2800 psf ppr.

Wah lao! That is crazy okay?
I'm so so so so so so eager to know if they can en-bloc at that price!
Crazy one, if a developer bought at $2800 psf ppr, how are they going to price their units next time?
With DC, construction cost et al, surely need to be higher than $2800 what...
and definitely wont price at $2900 lor, you think they bloody nothing to do earn so little just to redevelop your site?

Anyways, I'm watching out for Westwood Apartments man, I'm watching you.
My curiousity is soooo strong that I grow out a bush of armpit hair instantly.

On the same report, I read with interest: Marketed by Savills Singapore, its director of investment, Steven Ming, believes the price reflects the site's proximity to Orchard Road and the surrounding luxury residences such as the St Regis Residences, Parkview Eclat, and Orchard Residences which have seen prices transacted in excess of $4,000 psf in recent months.

Wah lao.... Come on lah, I'm sure the $4000 psf is not AVERAGE price right.
Those prices may not even be arms length transaction isnt?
Who bloody knows?
Okay later if got time, go URA and search if REALLY got such prices and HOW MANY units are purchased at THAT price!

Seriously, why would people with sane investment mind will really believe that they can buy a unit worth $4000 psf and resell it at higher price?
It's sad when some property investors believe in buy high, sell higher?
This is only for the game of the SUPER RICH okay - They can AFFORD to lose darling.
Those monies are like PI SAI to them.
So for average people like me, please dont be stupid to buy at high prices and hope that a bigger idiot will come and buy at a higher price okay?

Doh.