$15k is way too much lah... Govt, namely MBT will not slap himself. At $15k, it basically covers more than 70% (estimate) of all potential home buyers who'll then qualify for HDB. Remaining 30% will share remaining houses from HDB resale, new and resale condos plus landed and of course the ECs. With a record number of EC launched in 2011, take up rate will then be severely affected and so EC will be deemed a failed project. How to face the music from PM? Stand and bua gu you.
He not stupid lah... At most raised to $10k. My personal feel is the ceiling will stay but he'll introd many measures and housing grants and rebates to make HDB and ECs affordable to those who are struggling with these constraints. Just my speculation...