The prices are starting to trend down with more weakness likely in the 2H of 2014.
I think it will be interesting in 2015 and some bargains are starting to emerge.
Freehold condos can now be bought in Newton and near Holland Road at around $1,300-1,500 psf. I have 2 friends who bought recently. So make sure you do your homework.
Don't go for new launches if you really need to buy a place to stay. Go find existing homes and you may be able to find "value".