The price of HDB flats are not ridiculous...it is also not
affordable to many Singaporeans.
Poor Singaporeans must be realistic....if they cannot afford it,
don't buy it. Rent one from the government instead. If they
have no income to pay the rent, ...get money from social
welfare.
If you are smart, you can buy a beautiful landed property with
swimming pool in nearby Johor ...for the same price you pay for an
HDB flats. In Johor, you can buy a nice Benz E200 for the COE you
pay to get a piece of paper.
In short...Singaporeans are stupid....or we have expensive
taste. We rather pay $30,000 for a watch (for the brand)..refuse to
buy a cheap watch for $30 which is just as accurate.
Good grief 

you singaporean? so you got expensive taste or stupid?