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For the non-Singaporean viewers, cars are not a necessity, as the interviewers might mislead you to believe. It's a very very small country with a very efficient public transport system. Cars are more of a want than a need and can sometimes turn into a liability if you aren't earning enough to afford the monthly expenses. Also, there are much cheaper alternatives to 8 dollar lattes. We do have our own coffee culture and a cup of local coffee would cost under 2 dollars. You could get a bottle of beer at a local eating house for under 10 dollars or pay 20 dollars for a pint an upscale bar. You could get local noodles for 5 dollars or pasta for 10 dollars. So it's really about where you go and what you look for. But Singaporeans love indulging in the latest trends and of course that will be costly. Not saying Singapore is cheap but you can find cheaper alternatives when living here if you're willing to live a simpler live, which is still pretty decent. Edit: So many Singaporeans throwing a tantrum over the car comment. Needless to say, there will be people out there who absolutely need their own transport but for most Singaporeans, there are alternatives like car-sharing and ride-hailing services, alongside our trains and buses. Not being able to own a car doesn't mean you're oppressed or there's a conspiracy against you. There's simply not enough land nor the infrastructure to hold so many cars and traffic congestion is bad enough as it is, no need for it to get worse. Yes cars are expensive but not without reason.

One thing I feel that most don't talk about is the fact that Singapore allows you to choose your preferred lifestyle. You can have simple lifestyles where public transport is affordable and readily accessible, hawker food and food courts are relatively affordable at $4 - $5 a meal and if you want to have a baller lifestyle, you've also got a huge array of luxurious restaurants and drive your own car. This is of course if you live within your means, i.e if you have a modest income you live a modest lifestyle. It's only a problem if you try to live outside of your means. Grass is greener wherever you water it - focus on improving yourself :)

The last guy quote , ( If you can make it in your own country , you don't have to leave your family for that ) . That is some wise words :)

As a broke singaporean poly student, answer is 'No'. But that being said although our house and cars are crazy expensive here, at least our daily necessities like food and public transport are still quite cheap as compared to many other countries. You can still live in singapore comfortably if you opt for the cheaper options like dining at hawker centres or food courts instead of restaurants.

Me as an Asian foreigner working in SG for 10 years+, at first my salary is $2.2k and i spend on room, food, transport still can save 1.5k. 3 years ago before covid, my salary was $3.5k and my room rental increase, transport, food increase and i am still saving $1.5k which is quite low. And I don't spend on luxury things and clothing. I just spend to live only. the salary is not much and the work load is too overwhelming. Like a staff work load in SG equal to 2 or 3 staff work load in other countries. Now I decided to go back to my country after 10 years because over work consume me so much until I feel like living is no better than dying.

I lived in Singapore for 1 year (2015-2016) I never needed a car. You can take public transport everywhere. Their system is so efficient. I rented a room at an HDB and it was walking distance from the MRT. I only paid around S$850/month. Food is super cheap if you eat at a hawker or maybe cook at home. I earned about S$4k a month. I survived and had extra money to eat out with friends, travel, and fly back home (to another SEA country) a once a year. It really depends on the person's lifestyle and if single/married.

As a regular tourist in Singapore, I could live off from their hawker centres. Their public transpo is so efficient too and pretty much most parts of it are walkable.

I had an opportunity to study in SG for a semester last year and I have to say that I absolutely love my experience. Fortunately, I got to have local friends rather than only hang out with other international students, and I have to say that getting to know the local is the best way to immerse yourself in this experience rather than sticking with only tourist places like marina bay

Try interviewing the middle aged, especially who has started their own family, if you ask the young they usually share what they think, they hear, and I don't believe they would be the best to give opinions in managing finances

I used to live in Tokyo , once the most expensive city in the world years back. I visited Singapore once this year and I could say considering the inflation, SG is quite high

Actually mrt and buses in sg are really not that bad as compared to transport in other countries. I used to study in Australia and you really need a car there. Bus timings are often unreliable (sometimes they just don't show up), long waiting times (if you miss one, you may have to wait 30 mins, the travelling time is much longer than cars and some places are inaccessible via public transport. I used to complain about my long travelling time in sg but recently I took a grab share and it took like the same amount of time as the mrt. The cost is 14 times higher though. So I got to say mrt and buses are really not that bad. Especially when you consider that in sg, cars are more of luxuries than necessities and cars are less environmentally friendly.

As a Singaporean, I don't think the interviewees went into enough detail about our extensive public transport system (so you really don't need a car), cpf schemes (that help afford public housing/medical bills) and cheaper food alternatives (if you don't want to spend $8 on a latte). Not saying their responses aren't an accurate reflection of the situation, just felt they left a lot unsaid.

We all struggle these days as the quality of life keeps decreasing worldwide but the struggle means something different for each of us. For people in poorest countries it is difficult to afford food to feed their families, for upper developing or developed countries like UK people struggle to pay their heating bills and for the richest countries like Singapore the issue may be not buying a car or not being able to afford holidays.

Quite a bit of misinformation in this video which I would like to correct. By the way, I'm just a local in my mid 30s, with an average salary and I have two kids. So that's my context. 1) You don't need a car to survive in Singapore. Our public transportatiom is so good that cars are just luxury items. Though person with physical disability or families looking after a person with physical disabilities might argue that the expensive cost of a car is affecting them. That's true and government will probably have to look into that. But otherwise, only the rich will own a car. If you do not have a good 10k salary, just don't fall into this trap and you will be fine. 2) Most government houses are not 750k. That's exaggeration. You can get a 3-bto in a non-mature estate for less than 300k. And I live in one. And a family of 3 to 4 max can still fit in there. Youngsters who complain about houses clearly do not know how fortunate they are because they can use their Cpf to slowly pay a house that are appropriate to their income. If you want to show off and get a big house, and face alot stress to afford the loan, then your own stupid problem. Young people have aspiration, but they are clearly over their mind to go for 750k housing if their pockets are not deep enough and still complain. That's poor financial planning. 3) We clearly do not have the rights to complain about the rising food cost if we are willing to pay $8 for a bubble tea when we can in fact bring our water bottle along. People are just having their priorities wrong when they go for expensive cafe hopping. I eat almost 6 days a week at Hawkers and food courts. They are still affordable by all measures. Just don't dine at restaurants and you will be fine. 4) Lastly, the responses are just so skewed towards the interviewer bias.

It's really wonderful to come across people who freely share valuable information online. You never know what kind of knowledge you might stumble upon that could have a lasting impact on your life.

I work with SG company, but I live in KL. I did some of their payroll, and I can see the average people in my company earns more than sgd5k (they all experienced not fresh grads) the highest one being sgd30k per month. I went to SG few times and felt the expensiveness due to currency rate. It also make me more grateful that where I live, I got to own a car, live in 1000sqft apartment comfortably, with no financial issues.

Glad to know we New Yorkers aren't the only ones experiencing a cost of living crisis and financial struggle lol.

*All* Singaporeans are rich, relative to the people of many other countries. You could be homeless in Singapore, and you’d still have access to free sanitation, clean water, free food, and government assistance. A poor, homeless person in Cameroon would KILL to be a homeless person in Singapore. While people in other countries are fighting for survival, Singaporeans are complaining about the cost of cars. Yes, Singapore has a high cost of living, but it also has a high quality of life. Singaporeans really need to take a step back, look around the world, and be grateful for what they have instead of always looking for something to complain about.

Being a Singaporean in late 30s, working for many years, I find some (repeat some) residents in Singapore are getting really pampered. If you want this and that, and everything else, of course money and time is never enough. It is all about planning and priorities. If you want a comfortable job with minimum OT, live in a condo, own a car, hold a instag worthy wedding, Europe honeymoon, buy LV, have two kids in top notch childcare and branded tuition, regular weekends cafe hopping, and then yearly family holidays flying by SIA... 😑 Then money (and time too) is never enough. Unless you are born as 2nd generation of rich family, every average people has to work hard to live the lifestyle they want, and also sacrifice on certain things in life too in exchange for that. Don't always just see things on surface, instead plan and get your own priorities right. Most average people do not have the best of everything in this world. It is all about sacrifices and taking priorities. Be practical. We are talking about living, not splurging.

As a non-Singaporean, this is very interesting sharing. Would love to see Asian Boss team to come to Malaysia and interview us.

Why you interviewing people from Orchard road? It's like a big duh... That's already a skewed survey. Asian Boss, your team needs to try harder. Unless, you are telling me you are doing a survey called, "Is it expensive to come to Singapore, what do the tourists think?" Don't say I didn't provide you suggestion - Raffles Place MRT, I suspect you will get very different, and imho, more accurate answers to your question. Anyway, what kind of question is "Are All Singaporeans Rich?", do you intend it to be a click bait?! Edit: Think I figured out why Orchard road, interviewer finished job can go straight to shopping with friends, lol...and people in Shenton Way probably way more fierce and tougher to interview... Nice try SG team, you managed to pull a fast one over your Korean team bosses.

Cars SHOULD BE back-breakingly expensive to purchase in Singapore. The city at its current area and population simply would not function if privately owned cars were more accessible. Good on the Singapore government, now as for the rest...

Great content! Keep it up!

thanks for sharing. interesting as always.

Singaporean here. I wouldn’t say I am rich but I am comfortable enough that I can go to the supermarket and shop without looking at the price tag. Even when I eat out, I don’t really look at the prices. But I wouldn’t buy luxury items as they are not something I need (and for these items, I would look at the price tags).

I do feel sorry for today's young generation. In my time 40 years ago, l live happily with $600 a month. When I got married when I was 30, I bought a 5 room Model A flat for $99, 900. It was big too at 120 sm. A 2nd hand car costs less than 10K and a new one is above 20K.

*I like what the last guy said about appreciating what I've got, work, staying with my family, and making it here in PH, I'm blessed.*

I’m so glad this channel is finally doing videos in Asian countries other than Japan!

When the interview is conducted along Orchard Road, I suppose all the interviewees are within a specific demographics. Locals of lower income bracket will never get interviewed because they are much less likely to be walking along Orchard road. The questions are also very biased and subjective. Whats the point of focusing on Car prices just because it is expensive? Cars are non-essential in Singapore, you can easily travel on public transport and reach your destination within 1 hour. Housing rental is also more for foreigners, most locals does not rent. Either living with parents or buy their own apartment (which is comparably cheaper than most other major cities). For other essentials, such as food, it is also a very subjective matter. It is reasonably easy to get a decent meal within 5 USD in Singapore. This would be near impossible with any comparable City in developed country (such as New York, Tokyo, Hong Kong, London). Similarly, public transport is also within reasonably cost again, in comparison to other major cities. Outside of houses, transportation and food, one other major factor to consider is taxes. Which was never brought up. All those rankings in the reports are specifically for Expats, this was also not brought up. I like this channel, but the journalist really need to do better homework.

I have never felt the need for a car here even with a young kid!! Public transport is super comfortable affordable and convenient!! Super organized public transport I would say.

I am a Singaporean and have studied and lived overseas for the past 8 years. Comparing the quality of life I have abroad as a family of 3 in the city of Hamburg in Germany, it costs us less than 3000€ a month to rent a 90sqm apartment in the heart of the city, full organic groceries, full time childcare, and owning a car (which we don’t need). Education (up to PhD) and childcare is free, delivering a baby is free and all the other unpredictable high costs that comes because life happens are usually already tabulated into the taxes we pay. Yes taxes are high, almost 50% but what we take home is what we can save and I find there is barely a need to save for rainy days. I would love to move back to Singapore to be with my family but cannot imagine how I can - it is impossible to afford to rent a place for my family and maintain our quality of life! HDB is out of the question because having worked overseas, we have no CPF contribution and our gross family income probably exceeds the HDB eligibility ceiling. I think many Singaporeans want to come back and contribute but it is simply financially not feasible and there is sadly no route back.

Thank you for your videos.

Rich is relative. Everybody and their mama is going to have a different perception of what it means to be rich, wealthy, have a lot of money, etc.

The interview was conducted in a way that the questions were asked and the respondents had to answer almost immediately hence there was little time to think. There were also a number of questions asked where they edited different snippets afterwards. I feel that for SG people can choose different tiers of living, eg property (Subsidised government housing or resale, condo, landed at city fringe or city centre?) and food (restaurants, coffeeshop, hawker centres). Some respondents talk about prices that are in the higher end. However as a local who tries to opt for the economical options, I find that even hawker food prices have risen a lot post-pandemic. For those who mention people could choose cheaper housing in the areas further away from the city, some also rather opt for convenience to be near their work place so they can do overtime 😅. Personal experience that it's really not fun to change 2 trains and 2 buses just to get to work daily cos of where I stayed.

Hoping Asian Boss will pump up more top-notch content.

I've been hearing too many people complaining SG is very expensive to live in. But hey, it definitely depends on a person's lifestyle and income level. If the income is below S$1500 for a single person but needs to rent a place to stay and eat out 3 meals a day, then yes, this is definitely not enough in SG. High-income earner who takes home S$20k per month with single source of income, living in private housing (be it condo or landed), driving a luxury car with kids studying in private school, frequent "atas" restaurant and high-end shopping habit, $20k seems too little to go by as well...

I'm from Singapore! Answer is definitely "No".

Thank you for what you are doing for Pastor Lee and his church. Thank you.

Love your content keep it up

There is no need to buy a car in sg, public transportation is superior.

the last guy quite nicely and poignantly concluded the interview. thumbs up.

I earn about $5k and I save about half my salary, I don't drink much alcohol, don't plan to own cars, don't plan to have children, don't plan to have a wedding, eat out at restaurants only a few times a week, only buy second hand clothes and never buy branded clothes and bags. I drink $8 lattes once in a while and splurge on holidays, and my hobbies are guitar and running. I'd say Singaporean life is cheap if you don't live to show off on social media or compare with your friends and family members.

My cab has never gone above S$60, ever. So idk what that guy is talking about. If it does happen, it’s not frequent at all. I should add that my cab will usually be around the $25 to $40 range

Singapores leader made decisions decades ago that has brought singapore to where it is today. Their control of social apartments (what we in denmark call socialt boligbyggeri) i am kinda amazed how well they do... But i must say the collective transport from changi to downtown is kinda slow... With that said not every citizen of singapore is rich but they are not bad of either.

Based on this video title “ARE ALL SINGAPOREANS RICH?”, answer is NO. Not ALL Singaporeans are rich 🤑 But there are many well-to-do Singaporeans. This interview group segment is so wrong. Wrong demographics.

Great video

I appreciate what the last guy said. 👏

BTOs are like 3xx and up and typically couples go for them so that's split between 2, so it depends. It can be expensive, it can be cheap, it can be managebly affordable. But as much as people complain here I still know many Singaporeans travelling so often and I think if one's struggling they should cut travel out

Maybe can try do interview at hougang or Yishun. It will be quite interesting.

Your team should try to interview those in the low income group and those in the middle age group. You might hear a different story. We cannot compare the price of our HDB to other countries for one simple reason. Our is public housing while houses in other developed countries (which we should be comparing to) are private ownership. That is something even our government will not mention when they compare the prices of our HDB apartment (both directly from HDB or in the open market) to the prices of houses in other development countries. Likewise, the value of our cars are also inflated because of the COE. Is majority of the population having an average income of S$5k? Maybe if you consider a household with both husband and wife working. Single income earners? Depends on how long they have been working and in what kind of industries.

Will be nice to do this interview in the heartlands

I'm gonna be honest here, in Maslow's hierarchy of needs, the most basic need that a human requires includes shelter; which is housing, and if housing is extremely expensive, there's no need to talk about anything else. Even if transport, food, .etc is cheap, if you're struggling to pay for shelter, it still means that it's expensive to live in SG.

Singapore stands as a modern marvel, balancing cutting-edge development with affordability for its citizens. From subsidized housing and healthcare to efficient public transport, the city-state offers a high standard of living without breaking the bank for its residents.

I think when Singaporeans "complains" about Singapore being expensive, i don't they think their main concern in about cars and food. Most of us don't own a car cuz public transport is effective. Food at the hawker, despite the increase in price is still relatively cheap. Most Singaporeans, share the same sentiments with the regards to increasing property price. I think most us worry that they can't retire. Sure CPF helps, then you'd use up most of ur CPF money for housing, can't hit BRS-what would you be getting per month in u'r retired years then? Its work until you die.

As a Filipino, sometimes I get envious of other Asian countries' MRT/MTR systems but then again, PH is an archipelago and much harder to make such system. But I hope in the future, it will be cheaper and much faster to travel around like SG

The conclusion is no matter how much money you make, it also depends on your lifestyles.

It’s always a balance of costs versus jobs. As long as there are jobs, costs are payable. So its not completely impossible. Costs are dependent on where you spend your money

Singapore is a VERY impressive city to visit, nothing like any place I have ever been before. And people are very kind. Sadly I didn't manage to make any street interviews there, but I made some in Brazil, Argentina, Denmark and Colombia so far:)

0:38: 💰 Singapore is one of the world's most expensive cities with high living costs and salaries ranging from 2.8K to 6K SGD per month. 6:45: 💰 Renting and buying houses in Singapore are expensive, and buying a car is also costly. 12:49: 💰 The cost of living in Singapore is high, with expenses varying depending on individual circumstances and family size. Recap by Tammy AI

As a singaporean, dont rlly agree with them. Most singaporeans buy a HDB house which is public housing and dont rent because our public housing market is controlled heavily by the govt which is actually rather affordable if we compare it to buying apartments or renting in other developed cities. Rental and private propert market is a free market which is why the prices as discussed in the video would take up quite a percentage of average salary. I think for owning a basic HDB apartment it would take roughly $1.5k to 2k monthly morgage which split between a couple would b rather affordable. I know many couples with combine salary of around $7k buying HDB BTOs. I think some of the interviewees as well as many of the youths are not that informed about subsidies or system for BTO because they have yet to try to apply for BTO or are single and too young to apply for BTO so they dont understand the costs and process.

Having lived in SG and going in and out a lot recently, it’s not as bad as it seems. I think it’s more expensive to live in Sydney than it is in SG. I know Americans who complain about SG being expensive, yet they live in an expat bubble. Give up the condo (they admit they hardly ever swim in the pool), explore hawkers, don’t always shop at FairPrice Finest or Cold Storage, you can make choices to save money and still enjoy life in SG. I remind people that they don’t even need a car - when I was back in Aus recently having to drive was damn expensive… so imagine the savings straight off the bat from no annual insurance, registration, petrol etc etc. SG affords you choices, which is certainly more than places like Sydney can offer.

The last guy simply "nailed it"...

While in KL we have housing oversupply... so many high end condos build around city and landed housing/new township between 40-50km from KL.

Singaporeans' govt school fees for kids is like 10-20 dollars a month and subsidised house EMI is around 700-800 dollars. On the other hand for a foreigner the school fee is aound 2000 dollars and same house rental is atleast 3000 dollars ! Thats some harsh reality of living as a foreigner in Singapore. Please think twice before you move here with family 🙏

the malay lady 'with cat spectacles and red neck scarf' is being truthful to speak, admire her honesty, down to earth...

I first moved to SG in 2016 after my graduation in Malaysia. My starting salary was $2200 in Orchard Road as a bartender. The most monthly contribution is my rent which is $450 (a small HDB room in Henderson Crescent) As time goes by as my salary was increased, my fiance and I rented a common room in Havelock Road for $1200. Transport is $50 (busses) phone bills ($20 Singtel). $200 for entertainment then another $200 monthly breakfast and lunch/supper. Regardless how much I spent, I always aim to save $1200 monthly for investment back in Malaysia. I love SG because, almost every HDB below has a small wet market/Fair Price and hawker center which really saves time and money on food. The other part would be transportation. Cheap, clean and accessible. I guess the expensive part of living in SG is spending on alcohol, cigarettes and eating out in restaurants. At the end of the day, it's not how much you able to earn, it's how much you're able to save. Look for the biggest spending habit and work your way to reduce those spendings.

as a Jakartan, if i could choose i prefer to live in Singapore, my sister is a pr in Singapore. In Jakarta, the public transports are so bad, worst traffic most of the time. It is true that houses and apartments here are cheaper than Singapore , but mostly no supermarkets and food courts nearby, pedestrian walks are also not friendly and not safe, especially at night. So to go out you still need a car or motorcycle while in Singapore the mrt and busses are interconnected.

When I watch this video, this is what different societies in different countries show about inflation. This video didn't close down how much taxes people actually pay. Still, in general, we all know living is expensive anywhere we go, specifically if really populated living area or city.

As someone that has lived in multiple countries (including Singapore), I can safely say that Singapore is comparatively a very easy country to live in. You can live very cheaply and the tax is incredibly low. If you dive into the stats, Singapore is only tied with New York if you are an expat, buying a property (with the foreigner tax), and car, and sending your kids to an international school. In most countries, you can't buy a $4 meal, while on a 4-5K salary, with virtually no tax (let alone all the tax deductions). Most countries don't have BTO options for first homes, or CPF where the employers also contribute an additional 17%. My yearly tax bill in SG was less than my monthly tax bill in my home country.

There are cheap supermarkets where a pack of 30 sachet instant coffee is $6. $8 Lattes made by “baristas” carry manual labor cost, rental cost & profit. It is a modern luxury, it is hardly a need. The public transport system is world class & cheap, there is no need to buy a car. Rich Singaporeans also donate a lot to charities & religious institutions, there are soup kitchens where the poor can eat for free. Hawker centers still provide affordable prices for great food. Housing is expensive unfortunately because of the limited land & the high population density, but income tax is low in comparison to many other places. There is also no estate tax or capital gain tax. The SGD is a relatively strong currency & the ease of doing business is attractive.

The last line about grass was good

Singaporean here. Having been unemployed for almost 3 years and experimenting with various budgets. My personal view regarding individual finance is: 1) As of 2022, I need around $2500 to be on the margin. This means no insurance payments, no vacation, very little outside meals,limited entertainment. And God forbid, don’t ever fall sick. 2) To be able to invest, maintain insurance and have a bit of emergency funds. I require $3200 3) To unlock "Add-ons" like annual vacation (in SE Asia region), eating out more frequently, shop in the heartlands (not Orchard Road), I will require $3700. 4) To be truly comfortable and secure, my rule of the thumb is add another 1K for a final amount of $4700. With inflation, $4700 will become even higher. Now, which average job in the world can catch up with that? Mind you, I have around 20 years experience as a technician in the oil/gas/utilities sector. I’m 45 years old and my last drawn pay was slight less than $3000. I can earn $4700 but only with massive overtime. Not physically feasible over the long term. When people talk about “high paying jobs”, all I keep hearing is the tech industry. But reality is, many other “decent” and “essential” jobs don’t pay that much. In my unemployment phase, I have gone as low as $2200. But it means deprivation of many aspects of life. I don't go out. I keep much of my lights off, no air con, smaller meal portions, etc. All income thresholds as described above is individual with no dependents.

Thanks for this video. My Singaporean friends living in Singapore give off an impression on social media that they have a dual combined income of SGD$20K to 30K a month - cars they own are either an Audi, BMW or Lexus, living in condominiums with kids, dining at fancy restaurants all the time, and traveling a few times a year bringing their helper with them. And I wondered if everyone with a corporate job in Singapore easily makes SGD$10K a month. This video is eye opening.

They are all very articulate and use high level language. Impressive

appreciate the quick USD conversion

The last guy spoke some facts 💯 👏

You can get a decent meal for $3-4 in Singapore. It's at least $15 here in Sydney.

Taxis may be $40 in the middle of the night but definitely not $100. And he should try taking cabs in Japan and Europe. It's a $100 on average, in the day

I have made a major adjustment in my life which is actually a blessing in disguise. From 3 to 4 meals a day, I'm now just eating 1 to 2 meals a day which totally transform my health and physique.

I travelled ro Sg last summer and the food in supermarkets is quite cheap, ofc if you only eat out it is way more expensive. Because I come from Czech republic I am used to cook every meal by myself like my mother did and taught me and I can safe money pretty well. Everything depends on one's lifestyle so I believe that S2,5k would be enough, depending on what part of Sg you'd live in (considering not really the centre, but also not the furthest corner of the city)

The feeder bus which I normally take to and fro from the interchange to my parents' place (which is only about 3 bus stops) costs almost 1SGD per trip which I didn't really take much notice until I downloaded the app to trace my transport cost. I was shocked and I started to walk to and fro instead, treating it as my exercise, unless I am really really exhausted to walk after work. Even buying MacD I will think twice.

I visited as a tourist with my family just few months ago. Restaurants are super expensive in general. But I know locals find better value restaurants and live in an area where prices may be more reasonable. If we only look at prices of things on Orchard Road or around the Marina Bay zone, of course prices will be over the roof.

Most local born Singaporeans are middle-income to upper middle-income earners. Most of the rich people are either foreign-born Singaporeans, Permanent Residents or foreigners which is due to low taxes, ease of doing business and high personal safety. That said, if you live like a local (applies to most places not just Singapore), things are way cheaper than living like a local in New York or London. Just like how Urban Hawker in New York or Old Chang Kee in London are way more expensive than in Singapore because those are foreign and imported concepts.

Somehow, Singaporeans absolutely love KSL City Mall and Mid Valley Mall in Johor Bahru. These places are like magnets for them when it comes to shopping even on weekdays.

Salary is one thing. Expensive housing is one thing. Another thing that is not spoken here is that work hours that is not regularized by companies. They tend to exploit the employees by making them work overtime without pay. Definitely hard to get work life balance in Singapore. I rather live in a place with lower salary but I get to enjoy my life. We don't live forever you know. Oh well. There's always pros and cons.

Living luxuriously in Singapore can be quite costly, and it often leads to a constant struggle between our needs and wants. However, it's essential to acknowledge that living contently is within reach if we choose to embrace it. Nonetheless, it is disheartening to witness the growing economic disparity in our society. Although there are opportunities available to bridge this gap, many individuals unfortunately find themselves enticed by "get rich quick" schemes, which ultimately result in disappointment and failure. To improve financial prospects, quit doom scrolling, invest in self, cultivate good karma and prioritize adequate sleep. These practices can lead to personal and financial growth, fostering a balanced and fulfilling life. Also don't forget to hydrate!

i went to singapore last year and really love with the city and their public transport. as a regular commuter by using public transport in KL,what I can say,Singapore is a good country but yeah living cost is increase everywhere even in KL

One quick question, if you can choose : 1. Is it better to work and stay in Singapore, then travellng to less developed country such as Indonesia? Or 2. Is it better to work and stay in Indonesia, then just for travelling once a year going to Singapore?

As far as I know, the PPP, or Purchasing Power Parity, of Singapore in 2021 was 116486 USD, while the average number of the world in the same year was 21283.21 USD. How crazy it could be!

Car is something we can get by without but rental is crazy.

Neighbouring countries used to go to Singapore to shop and stay at their hotels; not that the cost of living has soared so high, investors have built shopping centres which sell a wide variety of quality goods that the people used to buy from Singapore, thereby saving on airfares and hitel stays and use that money to buy tge goods they used to get from Singapore, and more, being able to come as often as desired.

Boss! Thanks Much !.......

They are missing out on an important key factor about COE, even if you dont buy cars you are still "paying" for it, because business owners still need vehicles for logistics, and when logistic cost rises, the cost is incurred onto consumers back to us. That is also partly why everything around us is increasing in prices.

0:15: 💰 Living in Singapore is expensive, and while some people earn above average salaries, many still struggle financially. 3:16: 💰 Singapore is a safe and stable country, but many people face challenges due to high cost of living and income inequality. 6:45: 💰 The cost of housing and car ownership in Singapore is very high, leading many people to live with their parents and rely on public transportation. 10:14: 😫 The high cost of living in Singapore has led to increased expenses for everyday items, causing individuals to make cutbacks in their spending and work additional jobs to afford their standard of living. 13:21: 💰 Singaporeans feel the need to earn more due to high expenses and rising prices, driven by factors such as scarce land and strong currency. 17:00: 🌍 The speaker is considering moving overseas due to rising costs and stress in Singapore, but also acknowledges the benefits of staying. Recap by Tammy AI

Hi my friend ❤❤❤❤good video,Vietnamese ❤

Weird comments here getting offended that the interviewers didn't mention the frugal methods of living. It doesn't matter. It is a fact that despite the seemingly high salaries and strong currencies, because of the cost of things, what you can do with the money is very low. A basic human goal: living independently, is almost impossible to achieve in Singapore before 35 due to the disparity between salaries and rent + daily needs. The only viable avenue to getting there is getting married, but not only does it basically require the contribution of two people to make this basic goal achievable, but also it's putting the cart before the horse where people are forced to get married before they've learned how to live independently. It's honestly lopsided, the way things are now. It's not rocket science why our population is aging and our birth rate is terrible.

My malaysian friend who earns 6k ringgit (~$1.7k), considered slightly above average, (treat it as if he is earning $6k sgd), has challenges travelling if we were to travel together. I earn about 4-5k sgd (their ~$17k ringgit). Most Singaporeans still can travel, be it neighbouring countries. comparing to other SE asians, they might never get a chance to even take a plane as a family with what they are earning. If me and my msian friend were to fly to USA for holiday, he will probably save 1.5 years and me 2-3 months to spend a budget of eg 8k sgd.

Just to add for non-Singaporean viewers, this statistic is just what people feel, not the actual numbers. Really depends on your circle and lifestyle. Some throw bombastic numbers, but I don't think they are well-informed about the real numbers.

doesn't matter how much your salary , most important is how much you can save. And there are lots of factors that affect it.