Monika Tu

You are absolutely right.

So I'll just give you a couple of examples.

I'm actually searching for a few penthouses for my clients.

They just sold their house for $30 million.

I have another one at $25 million.

And they're both of them from eastern suburbs.

And I've got another person from Mosman.

And they sold their house for $19 million.

And they're looking for something around about $15 million in the city.

I just got nothing much to offer.

So these are the downsized people we're talking about.

You know, they have done really well for the, you know, large land, large houses, you know, in suburbans.

So everybody's looking, come back to the city, looking for penthouse.

That's how much demand we have for the penthouses right in the city.

Not at all.

So if you say the market is softened and a lot of, you know, then we're definitely experiencing short of stock.

So some people, they don't have to sell, maybe they hold onto the property.

But for the high net worth individuals, they're always in a demand of buying.

So it's always like a demand and supply.

So if you don't have enough supplies, that would be a problem.