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There is extraordinary demand from local parents, even at today's eye-watering school fees, for an ESF education for their children, quite apart from the excess demand from sojourning and permanent-resident foreigners.

The obvious solution is for government to facilitate doubling (at least) the ESF's capacity through some combination of land grants and/or direct subsidy. Indeed, the ESF model is what most local parents want for their kids. Why can't the government just provide parents with the educational product they want? Keep building until supply meets demand; it'll take at least 10 years, maybe 20.

Oh, I forgot, such a plan doesn't include cartel profits for property developers or land premiums for the government, so it doesn't stand a chance.

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