As a comparison, in year 2006 -
Murano, FH was launched at $550.
Across the road (West Coast) - The Stellar, FH was launched at $550psf. Varsity Park, 99yrs launched at $450....
It was in 2007 onwards that the property mkt booms suddenly, and I will not be surprised if the price will fall in a couple of months' time due to this recession + swine flu.
I think for Luxville - this is the first residential project for the developer. So you wouldn't be sure of quality. Agent can say good quality or what not.. but how do they know for sure if it's not even built? Plus - conflict of interest../