Appears to be a niche market with (sigh...) wars going on betwern lawyers and engineers to make things exciting. Not only are folding bikes expensive, there is a shortage. The Singapore bike shop has one left of the 'old' model, the Malaysian shop (Foldingbike4u) outside Kuala Lumpur in Petaling Jaya gas to special order it and requires a 50% deposit.
Thus beta male prefers to buy 'outdated' and seconds products (who needs this year's car or laptop when last year's is almost as good at less than half the price?) Of course the question is *is it* half the price?