Singapore's cost of living: a matter of perspective

Many perceive Singapore as exceedingly expensive, but the reality is nuanced and depends heavily on lifestyle choices.  My family, residing in an HDB flat, primarily cooks at home, occasionally dining out at shopping mall restaurants on weekends.  The cost of education, from primary school to junior college, is virtually free for Singaporean citizens.  Compared to average household income, basic living expenses remain relatively low.

However, a luxurious lifestyle significantly increases expenses.  For instance, a Certificate of Entitlement (COE) for a car can cost S$100,000—a substantial sum for a 10-year permit.  Similarly, a modest condominium might cost S$2 million, while luxury goods and fine dining are readily accessible.

In conclusion, while basic living costs are affordable for Singaporean, a lavish lifestyle comes at a premium, potentially exceeding that of many other countries.