I don't quite agree with what our PM said or rather the current policy on HDB. I have always advocate that HDB should never be an investment but public housing. Private flats are for investment.
For Singaporean, they will be given priority to HDB wetter purchase or rent. Non citizen on valid permit should be given a chance but at slightly higher rate. BUT these flats will never be able to bring in huge profits as they are never meant to be. Government can always take back and relax circulate them. If nobody wants them, we have reached the saturated point or even over built.
We want to attract t the right foreigners here to contribute not to speculate on HDB prices.