Why they give so complicated answer?
My straight forward Singlish style explanations:
1) They can print paper money, lots and lots of them, and printed 3-4x already......
2) They can't print land, these stay the same.......
3) According to law of supply and demand, demand in terms of paper money increased 3-4x, supply in terms of land and hence properties remain the same, so obviously properties should go up 3-4x loh! (So far properties didn't go up so much is because of artificial "cooling measures"!)