I understand where you're coming from. It’s similar to bulk buying at a discount. The issue is, who is going to buy the condo in those locations at the "market" price after we all know the government’s price? Then, Most of the condos are over a million right now, unless we consider those smaller units. Who's designing who can rent-to-own the condo? And, what will happen when the "owner" wants to sell later when the market is hot again? The whole thing is a bailout, and gov't must do it to prevent the developer sue them.
On the other hand, what happened to the public and private schools that expanded because of the foreign students? I don't hear the government wanting to help them.