Tan Kin Lian - Perspectives Bad to over-rely on market pricing
Lee HL likes to leave prices to the market. He adopts market pricing for

1. COE prices, through bidding
2. BTO flats, pegged to resale HDB priced
3. Energy prices, according to market price for oil and gas

He prefers to let the market control the prices, so that his ministers and top civil servants do not need to exercise their judgment.
The market prices for COE, HDB, private properties, food, energy and other products have run out of control.

Speculators have entered the market to make big profits.

The people suffer from high prices and unbearable cost of living. It is a bad system of governing a country.

Tan Kin Lian

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