Singapore is only 724 km2. Less than two-thirds the size of any comparable city, such as Hong Kong or Shanghai. Our income per person is still higher than theirs.
Unlike Malaysia, we have no oil or abundant land. We are smaller than Johor. Our population is less than a fifth of Malaysia’s. But our economy is the same size as theirs. Our income per person is nearly six times theirs.
With good governance and hard work, we have beaten the odds for the past few decades. We can do it again and overcome the current challenges.