I think one of the most important things Singapore will need to do in the coming years and decades is wean itself off the CMIO (Chinese-Malay-Indian-Other) framework. The CMIO framework may perhaps have been necessary in the post-war nation-building years (this is disputable), but it is increasingly irrelevant as we head towards SG100. We live in a globalized world and we need global talent to remain competitive, and really also just to be a great city-state.
My personal opinion and perspective is maybe a little more ambitious than what the common Singaporean might want. I think we have the potential to be a truly great city for the ages.