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That’s exactly what Singapore does with new public housing - it’s a lottery.

And now they are “clawing back” future price appreciation because it’s literally like winning the lottery if you get a place in a prime location as public housing is heavily subsidized.

If you get selected for a prime area apartment it’s a huge financial win 5 years down the road when you sell at market prices.

And oh yes, Singaporeans game the hell out of the system. From carefully falling under household income limits, to bidding on a new public housing unit despite owning one now.

The government is constantly trying to keep up with all the new incentives each new rule creates.