The new hdb prices is based on the resale prices. Yes. That is true.
But what had contributed to the high resale prices is a short of supply and a sudden great influx of foreigners.
With the economy going bad, manufacturing retrenchments, the resale prices cannot be sustained.
And the govt is trying very hard to build more new flats. The supply will always be there now.
And the govt want to get more young people to get married, so they won't want to sell high new hdb flats, so that they cannot afford and cannot get married.
Just my points, not starting an argument.