Saw this interesting article on the papers today about how an odd-job worker earning $850 a month can buy a two-room flat in Punggol. For those of you who haven't heard about this, here's a summary:

Purchase price: $99,200
Monthly income: $850
Total household CPF: $40,000
CPF Housing Grant: $40,000
Loan ($99,200 - $40,000): $59,220
Estimated monthly instalment: $83 for 30 years
Deduction from CPF: $83
Cash outlay: $0

I think the Singapore government is doing a great job here. What do you think?