I can see the trend now is the new property is always cheaper. We (sub-sale owner) won't be able to compete with developer new property price. Developer still can afford to sell it at 'cheaper' for all these new property because they have ways to play this game ie build a higher condo to sell more units etc...When you think the new property is 'cheap', next year another new property will be 'cheaper'. It has been like this every year.

in the past maybe 15=20 years 90% of the investor earn money. in the recent years 90% of the investors loose money. tenant can get to stay in new property for good price. but problem is tenant can't really build his own home with your own renovation ideas. i think those that really can get a good deal are bulk buyers and property agent (they can buy real cheap from those desperate owners). otherwise, I think new properties are actually 'expensive'.