Not really accurate in the context of your parent. 82% of people might live in HDB, but HDB has long expanded beyond providing affordable housing to the poor. F

Not really accurate in the context of your parent. 82% of people might live in HDB, but HDB has long expanded beyond providing affordable housing to the poor. Further, these units are sold and can be rented out. In Singapore, you can be living in public housing, and still be paying 5000/month (or more) for a smallish apartment. So really, we should be looking at the % of people who live in HDBs that are at or near the poverty line. As for cars, it's long been capped (both explicitly by a limit on the # of available licenses and implicitly by the fact that taxes and levies make a $20_000 car cost over $100_000). What's changed is that they've stopped annually increasing the cap (it was only 0.25% before though).