For what it's worth, I agree with the headline as stated. Without controls, the scenario of NYC or Hong Kong appear. One answer to this particular problem for

For what it's worth, I agree with the headline as stated. Without controls, the scenario of NYC or Hong Kong appear. One answer to this particular problem for Singapore has been public housing. Public housing is completely different concept in SG as 70% of all housing is "public". There are no direct price controls but only PR or Citizens are allowed to own these places which places a natural cap on housing. New developments are handed out via lottery with preference going to first time owners. This naturally limits who can buy into new developments allowing younger families to inflow into said locations thus keeping prices low. US Cities would be hard pressed to find a scheme that works (article hardly proposes a solution), but I agree simply supplying more would not work.