Lol no. The ruling party for example suffered consecutive electoral setbacks in 2011 and 2013 due to inadequate response to soaring housing prices. They had to ramp up housing supply, curb speculation, increased housing grants, and today our housing affordable again in our small city-state.
It's one example how the ruling party has to pay attention and respond to the people's needs.
Think whatever you want with your CIA conspiracies, but we are not HK or mainland China where you can only complain on the Internet about housing prices and the government is only concerned about making more land sales revenue in such a big country.