Marina Bay with Suntec City and National Stadium and Kallang in the background.
When LKY talks about caution
Yes LKY cautioned that if we let our rental run wild and beat Hongkong to it, we will lose our competitiveness. We will gain the coveted title of the most expensive Asian city and make many property owners very happy. But that will be the last euphoria.
Who is LKY addressing this remark? Food for thought.