Well, I hear this sinkies cannot afford to buy rather often here and there. Yet the sinkies around me seem to be buying vigorously. You could be the vocal minority. I am just saying.....
Old wealth bro. Some who profited from their en bloc. Go talk to the younger sinkies. Those in 30s who got a bto but wanted to upgrade. Alot just cannot afford to buy. A $1.8 million condo is just out of reach of average sinkies whose combined HHI is only median $8k and that includes CPF.