Same topic, different perspective from adjacent site as follows:
Singapore ruling political elite have made themselves more equal than others

I mean specifically HDB BTO prices.
Remember Mr Mah Bow Tan saying how HDB is 'subsidised' based on a subsidy given to Singaporeans on the price of HDB which was Market price of land plus building costs???... So that was how MBT justified high HDB BTO prices:

So unlike the PAP lead by LKY which basically sold HDB BTO units at miniscule land cost plus building costs, PAP under LHL/ Mah Bow Tan did absolutely NOTHING to help poor Singaporeans with land cost, opting rather to keep land costs exorbitantly high, then giving a tiny subsidy, the ultimate objective being to reap MAXIMUM profit for the government. That HDB are affordable CANNOT BE FURTHER FROM THE TRUTH since the PAP has not only DECLINED to peg HDBs to the median wage, as suggested by WP, which it easily can (it owns the vacant land and can release it cheap to needy Singaporeans dependent on public housing, just as it released confiscated land cheap/ 'free' between 1960s to 1980s to poor Singaporeans so that they could contribute more effectively to the new Singapore economy.

Whilst there was no option for the open market sale of HDB during the early period before 1990, the HDB flats sold then were still lease hold 99years, thus giving early Singaporeans a practically guaranteed roof over their heads. The early leaders of Singapore also loved the people, placing the welfare of the people before themselves.

The PAP leaders of today unfortunately are a selfish lot, preferring to guarantee their own welfare by pegging their own salary scales to the highest in Singapore, not forgetting that some CEO salaries ought to checked as not few are responsible for various unethical practises just as banker CEOs are most guilty of- e.g. money laundering to terrorist/ human rights abuse states, tax evasion etc especially those bankers in Switzerland and the USA. Many companies also profit from unethical practice's such as pollution, market manipulation and attempt to minimise tax payments by registering their profits I'm tax haven nations- these CEOs are the MOAT IMMORAL amongst all citizens. There is nothing wrong with a high pay for demanding work, but shouldn't government salary be some multiple of the median annual pay in singapore rather than a multiple of the most unethical CEOs in business?

Then after tagging their own pay to CEOs, PAP leaders now create excuses dime a dozen to avoid minimum wage legislation, claiming its rigidity, lack of acceptance by MNC etc. The real reason I think is to keep worker unions from getting any leverage since once legislated, the question then becomes what is the minimum wage?

So unions have now become toothless tigers, and what about the very poor, where are the statistics about homelessness or those dependent on government rentals, those unable to afford daily meals, what is the supply of rentals and how are the rentals calculated, I find that the transparency of these issues is not available to publication.

In conclusion, it is ironic that whilst there is indeed a minimum wage for politicians (within like top 200-1000 earners in Singapore and no parallel peg anywhere else in the world), there is paradoxically neither minimum wage for Singaporeans nor a defined poverty line or reported poverty parameters for citizens to work upon.

Politicians are very well taken care of but the poor people now remain locked behind closed doors, as far as PAP's socialist roots go, I feel that PAP today is taking the wrong turn toward the dispicible bait-switch communist way of government- all citizens are equal, but PAP (the leaders) have made themselves MORE EQUAL than the others.

High HDB prices means people spending time working and scant time/ money donated to the poor. The limitless money politicians pay themselves, guaranteed, will not just be useless, but a burden in heaven.

When the poor are neglected, the leaders deserve zero respect. More must be done for the poor in Singapore and a culture of inclusion must start..