Lawrence Wong never addressed the cost of living because he cannot address something caused by the Govt's own policies. The Pappies have no clue how to increase the productivity of its workforce, so it promotes SG as a tax haven to ultra-rich foreigners. These wealthy people are fast tracked to a pink IC, enabling them to buy freehold land which is in limited supply here. As such, property prices, rental and the cost of doing business all shoot up, so everything becomes more expensive for S'poreans.