"A far-sighted statesman and a lion among leaders, Mr Lee Kuan Yew's life teaches valuable lessons to everyone. News of his demise is saddening," he said in a statement.
"In this hour of bereavement, our prayers are with Mr. Lee Kuan Yew's family and the people of Singapore. May his soul rest in peace", the Prime Minister said.
Lee, who was Singapore's first prime minister, died of severe pneumonia today.