The smart ones take advantage of property cycles.

Let's say you can sell your condo now for $2m and after 2 years if prices fall by 25%, this means prices have fallen by $500k.

So if you sell your condo now and rent for two years (rent a cheap one bedroom unit for two years at $2k per month or $48k for 2 years - you can find many of such condos in Woodlands), then you buy back a similar condo you own previously for $1.5m, this means you would have profited $450k. After transaction costs, maybe your net profit would be $400k. This is a lot of money for many Singaporeans.

If a property is worth $1.8m now, a fall by 25% means a loss in value of $450k.