I disagree LHY inherited a major challenge, one with completely different variables such as a larger aging population along with all the typical balancing act to prevent it being a hollow shell for internationalists and easing burden on the middle class that keeps the whole order intact.

None of the problems you listed are unique to Singapore. Chinese buyers who often serve as effective money mules for capital out of China have inflated real estate prices globally and the enablers at home profited from the transaction, fully aware of the demographic impact it can have.

Singapore acted the best for its citizens in protecting them from outsider speculation compared to Canada for example.