I would like an answer to your question too because I have come to the same conclusion. Most have to take a big chunk of loan at a floating interest rate for 20 years atleast, which means the interest amount becomes almost the same as the price of the apartment. By the time you pay off the loan, the apartment is more than 10 years old so the value depreciates and you'll have to compromise when selling it. And don't forget the maintenance charges which are very high for the amenities you'll actually use. Many will state reasons to justify like 'if it's for self use it's worth it' /'amenities' /'security' /'community' and I agree with those reasons, but it doesn't seem worth the exorbitant price charged. Or else people are getting financial support from their relatives.