Those people who have not managed to get a BTO all these while, what are your plans? Resale flats seem much more expensive considering they depreciate to zero?

There's always SBF to get bto prices for completed and new houses.

The only downside is the lack of choices and units compared to BTOs

Keep trying. or appeal for MP. On and off, I tried for 5 years before invited for selection.

As you correctly pointed out, value will go to 0. It makes no sense to me why would anyone spend that much for a short lease.​​​