This is true, you do get higher ROI from high rise. But for wealth preservation or as a hedge against inflation, landed is better.

Younger people singles or young couples prefer high rise because of facilities and security.

Most landed in good locations are old. Imagine you are in your 20s are you are renting an old PJ house with the old toilets and kitchen.

Of course you can find renovated landed properties but they will be expensive.

So in the end, most people go for new new high rises in good locations as these are usually modern looking with new this new that and all the facilities that come with it.