While the price of private and resale flats are largely dependent on market forces, the price of BTO HDB flats are controlled by HDB.
It is well within the government ability to sell a BTO 4 room HDB flat at $100K or less if the government really has the resolve to do so. Alternatively, the government could give a big grant like $150K for every first time buyer.
Let's face it, when an older generation is better off than the younger generation in the ability to get a house, this is certainly not progress.
It is about time the government slaughter the sacred cow of "asset enhancement" through HDB which was introduced in the 1990s.