No, property like most other investments, are not zero sum game, the money pool will shrink if market price drop.
Vendor's loss might be buyer's loss too.

As one as loser in mah siao properties, I've "advised" most owners to dump these properties since 2015 (look at my thread), and all I got was harsh reply from kiasu and kiasi owners who defending their investments like h-e-ll.

MS is the worst top 10 developers. Now they're going for glove-making, lol.

They're not serious in building homes, just a crook who wants to squeeze $$$ out from every possible ways.

MS started out as a plastic trading company in the 60s, the saw the property boom and jumped on the bandwagon in the 90s and they emphasized all resources in properties since 2000s, now they realized it's a gloom in property but money in whatever areas fighting against covid-19, they again jumped on it.