The figures are no joke.
Current population is 5.3 million.
Target population is 6.9 million.
That is a 30% increase in people.
Current land is 71400 ha.
Target land increase via reclamation is 76600 ha.
That is an increase of only 7% land.
You do the math and compare. 
From TRS:
PAP ministers failed their math. 