I think some wanted to migrate and get as much as they can, some are bloody foreigners and mudlanders who will buy a bungalow in mudland when they F off,,,but sad to say,,there are many who are locals who want prices to be high,,,some are actually working hard and hope to transfer the flat to their kids so they can get a head start,,but all in all its nothing but a game of diminishing returns,,,,now prices are high,,,it has to remain high,,if prices drop,,things will be worse for many,.,,
but come to think of it,,,many of the expensive hdb resale were purchase by foreigners,,,so no COV etc is low,,,they lose money,,,and new PRs cant buy so it will be good for locals,,if they can afford to buy in a good location, now its the time to do it,,location is everything,,,