The wealth of all Singaporeans is dependent upon a buoyant property market and any moves to lower the price of property will mean a net loss of wealth for everyone.
only for those who already hold properties. For those who don't, it will mean an increasingly unattainable place of permanent residence. Hardly ideal for ALL. Only ideal for those who already own their properties.
Falling prices of any commodity or service is never a positive. High prices reflect strong demand and strong demand is indicative of a thriving economy.
Really? So inflation is good? People prefer paying higher prices for the same goods? Leaving that aside, ok. I'll buy strong demand and thriving economy.
Of course there will be a few low SES losers that are left behind but that is their problem.
Those few SES losers are a good chunk of the native-born population. It is the government's remit to take care of ALL citizens and that includes those low SES losers. If you choose to consign the low SES to the trash bin then yes, you would be correct in saying lower prices would hurt the balance.
But you did say
all... I'm just pointing out that some people didn't have the opportunities, maybe the graft or even the intelligence to achieve a good economic position and I don't think they should be consigned to the scrap heap.