Who can afford $2k/psf?

I was amazed at an article published on Weekend Today on pg 24 "A new trend?". The article talked about people going for smaller development that has more privacy etc. It mentioned that such dvpt normally costs more and "homeowners tend to be working couples or singles who earn between $5,000 to $6,000 a month".

I read on further and the article mentioned about the new dvpt called Holland Collection which is selling at an average $2000 psf. Mu jaws almost dropped!

For a regular size unit like 1,200sf apt you r looking at a price tag of $2m! You mean a $10k a mth household that reasonably service $2m apt???

This is insane.


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