[moonrab]

I don't know which condo development you are referring to, but the first condo that I purchased after I sold my HDB flat over 20 years ago is rather spacious with 1 large and another slightly smaller swimming pool. I managed to shift to my present condo before Covid-19, which is even more spacious. There is no claustrophobic experience. The difference between a condo and HDB flat is the former has a strata title (genuine ownership) while the latter is purely a leasehold with no right of ownership over the piece of land where the HDB block sits.

Today's condo at 1.5 to 2 million is small unit. 

Unless you buy 999 or freehold, the lease is the same 99 years. 
And not every condominiums property are good for en bloc. Especially those in outskirt HDB Town areas.

Over the few past recession periods, I know many owners selling at loss. Or house force sale by bank.