Supply > Demand = Prices drop. I think this is what lots of people have in their mind. So I think govt is trying to release more lands to increase the supply of the pte ppty, hoping that the ppty market will adjust the price by itself because govt cannot control the price of the pte ppty. But what will happen if supply is so much more than demand, then it might not be so good for the economy, don't they not afraid that it might end up like USA.
But what happen if the developers have the holding power, then the pte ppty market will still remain strong.