PAP acquires the land at low cost, build HDB flats which is sold en-masses to sinkies at low cost. Sinkies flip the HDB properties at a huge profit after staying in it for 5-10 years. Some, like me, buy a second property and earn lots of rental from the HDB flat that they still keep.
I would say that the sinkies ultimately profit from the government uses the Land Acquisition Act.
And therein lies the biggest shortcoming of our PAP-led Government - Incompetent PAP LEEders and their complacent and arrogant interpretation and implementation of policies. Intention and Actuality. If these arrogant, complacent and incompetent PAP LEEders were to be allowed to continue, I fear for the future generations of Singaporeans. The problems that many Singaporeans are facing today are just the beginning of what are to come.