Yup my own property 

Apologies if you're sensitive and feel that I'm sarcastic.

You're right... have bought in 2004 at that price, I don't think this level of current asking prices is sustainable.

Truth, I've just paid off the last installment for my house and this has freed me up slightly (some other commercial commitments)... Now waiting for some good buys for investment... but my opinion is... prices will drop... my opinion.

No intention, just sharing opinion... if you don't like it please ignore it, I'm not forcing you to read it...

Don't be so up tight

i would say you might pay up more renovation for the new property..
i bought my 2nd house from a seller at 275k (he bought at 200k) after 3 years. but the owner had put on the grille, plaster ceiling, kitchen cabinet, replace the wooden floor of the whole 2nd floor and staircase, aircond, down light installed...
sometimes you will find it cheaper for 2nd house as you can save from renovation. expensive of purchasing the 2nd hand house is the lawyer fee, stamp duty, loan moving cost....

common perception.

1. buying under con is cheaper than sub sale: Fact or Myth?

2. reno cost for undercon is cheaper than sub-sale: Fact or Myth?

i.e. from your quote, what is wrong with having same cost of sub sale but renovated to your whims and fancies?

debbie, i agree to buy subsale too. by the time ur house VP, its totally bare! even a drill on the wall cost u more than repairing it. and inflation is scary, so all renovation materials will be pricer. most importantly, u saved up 3/4 years living cost by renting from others and enjoy paper gain of the said property

True that after renovation costs its the same BUT... I feel that sub-sale locations better (i.e. nearer than new developments) like damn ulu locations which people try hard to boost by say oh... LRT la, school la, this la that la... ulu is ulu... my opinion la.

Sigh... 

You mentioned cheap in your post instead of affordable... and I think Debs was meaning affordable...

600sq ft in the middle of town for 100K, if you solely base your decision on price then its affordable... see this is a typical sales guy trick... that's the selling point... so you have to read the smaller writing and in between the lines la and in this case, to also consider the surroundings, condition of the place, remaining tenure, refurbishment work/ cost required, etc, etc... Once you put all that in then you rethink whether its affordable or not...

Please try harder next time... don't even have to be cunning la... you're a walk in the park