Stackedhomes provided an interesting analysis on the sale of the Reserve Residence.

For context, the cheapest homes for the Reserve Residence are priced at $1.2-$1.4 million with approximately 20% of homes placed in this price range. However based on data: "22 per cent of (70% sold) were to buyers of profile aged 30 years and below". Stackedhomes added: "This suggests that the younger have financial support from elsewhere, most likely parents"

Rich Parents Help Their Child Get Ahead in Life

While there are a few financial and lifestyle comic/blogs advocating for the inflow of the rich (likely written as sponsored content for certain agencies), what happens is that such flows create a spiralling upward effect on property prices. Rich parents have stepped in to help their young kids to own private homes before prices appreciate further. This is based on what is observed for the Residence sales.

While the middle