There are small percentage of wiser sinkie who beat the ploy by saving up their income to redeem their housing loans early.
In additional, living frugally at younger age to have lesser worrying retirement life.
Many Singaporeans think and act otherwise possibLEE because the unscrupulous PAP LEEders keep impressing upon Singaporeans about how well the country is performing; first in this and that; HDB flat is an asset which will NEVER depreciate; HDB flat sold at more than a million dollars; people dining at fine restaurants or winning millions in lottery/Toto; overseas investors setting up shops in the country; PAP LEEders admirable performance at international events; NO corruption and poverty in the country; etc...
The manipulative and $$$elf-$$$erving PAP LEEders are never sincere and truthful in their dealings with the citizens of Singapore. The truth is Singapore is hollowing out and crumbling. Just like our neighbouring country, there is ongoing systemic failure. It's time that the citizens wake up and remedy the situation. It's time for Singaporeans to say NO to the arrogant, complacent and incompetent PAP LEEders, and vote for an alternative leadership.