On Thursday (29 Sep 2022), the government introduced new property cooling measures (via CNA) targeted at slowing demand and ensuring responsible borrowing amid rising interest rates:

In a rising interest environment, I suppose property prices will cool down naturally. There is no need to add salt to the wound.

These cooling measures make hdb unaffordable to 1st timers. The objective of hdb should be affordability. The government should look into those who own both private properties and hdb. Those who own both should be mandated to within 6 months either sell all their private residential properties or their hdb. This will likely increase the hdb resale supply and help make resale hdb more affordable to first timers.

For those that are not can rich and have to depend on existing private property, this is a hammer to the head (like killing a zombie)

These cooling measures seem to be targeting genuine downgraders.

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Doesnt seem to address the root issue of supply, and an influx of hot foreign money. People who buy a HDB need to fully dispose of all private properties held and are hardly speculating after all.

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However, there remain a segment who bought a HDB first and get to own (sometimes multiple) private properties concurrently.
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Our policies are inconsistent.
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These measures seem to impact the people who can least afford it. The really rich or boomeroos will not be impacted.