Singaporean are interested in FOOD, then the next best is about how property prices have increased and they have 'made' $. While Singapore is a free market with willing buyers and willing sellers. How have all these affected us?
Personally, I am OK if there is a willing buyer who wishes to pay $1 million for a toilet. That is his money and decision. BUT when public housing also increase due the change in market value it's citizen are under pressure.
Public housing is for the citizen. The land cost or rather the perceived opportunity cost should not be factored in when they compute the cost of the flat. Of course the government don't want to sell a HDB to his people at $200K to make $80K and then he resell it later at $1 million. HDB 'lost' $800K in 5 years!
In order to ensure the HDB don't loose out in this equation. They should set a quota on how much the HDB has appreciated due to inflation. Any sale price above that, it is taxable to discourage profit. This way, those not in this game will not loose out and the majority are not!
Leave the private properties out of this. Whether they are selling at $500K or $5 million, it is a risk they have to take.
What is you take?