I am looking for property in the East to rent and potentially to buy when prices come down. I am particularly attracted by the Tanah Merah and Simei area. For Simei area (near MRT, shopping malls, hospital, nice golf courses etc) I have been told (by agents and friends) that those within the MRT vicinity (like Modena, Tropical Spring and East Point Green) command quite a premium. Given that these are quite old estates, are the current price levels fair and reasonable? Is there any room for further decline next year.