I'm speechless reading this.

Here's what is going to happen. If the government moves into buying property from developers and building contractors directly, you end up cutting the supply of housing to normal people. This cut in the supply of housing will lead to an increase in the price of housing. The increase in the price of housing will lead to an increase in deposit requirements for mortgages. All of which is creaking under the inflation that has hit the country. So more and more people are forced out of the market.

Moreso, because of the increase of the cost of materials in recent years, if the government are interesting in buying properties that "require upgrading/refurbishment/renovation" then you might get building developers trying to dump the property in order to get out of this uncertainty. The incentive for them to leave the market is higher.

They are doing anything and everything to wreck the housing market.

You can read the article here.