Elan Presidential appreciation is mostly hype

My portfolio review showed Elan The Presidential looking good on paper, but honestly, I'm not convinced on the long-term ROI. Everyone glorifies the pre-launch gains, but I've seen builders inflate prices post-launch to show 'appreciation' that isn't real. The current pricing feels steep. Is the capital appreciation forecast genuinely sustainable, or is it mostly hype from early investors? Also, what's the real investor-to-end-user ratio here? Don't want to get stuck in a ghost society. Change my mind.