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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
15
Report
Login to post
- nizzmo·05-12Such a thoughtful perspective! 👍
![[Great]](https://c1.itigergrowtha.com/community/assets/media/emoji_008_zhenxiang.12871f1f.png)
1Report