Fair point about taxes - but, to be clear, I'm sure the HDBs are sold at a profit compared to the cost of building them - but there is no land speculation (they

Fair point about taxes - but, to be clear, I'm sure the HDBs are sold at a profit compared to the cost of building them - but there is no land speculation (they are 99 year leases), and housing speculation has a zillion dials to reduce it from happening with HDBs (you have to live in them for a while before you can sell them, you have to pay extra taxes if you are not a citizen) And all this came about because in the 1950s, the housing situation in Singapore was abysmal, possibly one of the worst in the world. Government decided to take a leadership role in ensuring that their citizens had housing.