Pretty disgraceful when we're already low on social housing.
The government should be trying to lower the costs of private sector housing, if it wants to help people onto the ladder (although, obviously, subsidising landlords and private-sector sellers isn't really a viable option, as it'd simply inflate prices).
EDIT: And Singapore is always rated exceptionally high for its "economic freedom", yet 85% of Singaporeans live in state-owned housing, so it's perfectly possible to have a vibrant market economy alongside public housing.