Tag Archives: cost of living

HDB WANTS TO INCREASE MY RENTAL BY 37% AFTER ELECTIONS END?

In a sign of skyrocketing costs of living and business after this upcoming polling day, HDB had sent us a letter right after the election was announced warning us that they intend to raise the rental of our HDB rental unit by a whooping mind-boggling 37%! That’s more than one-third of our current rental and more than $700 per month! But that’s not all. It seems like the letter (see the attached) is a standard letter that is sent to all HDB commercial and industrial property tenants, so we are not the only tenant who is affected.

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HDB AFFORDABLE BUT WHY 40,000 HOUSEHOLDS IN ARREARS?

According to the TR Emeritus article “Khaw dismisses critics who feel housing is unaffordable” (Aug 22) – “For Sengkang, the situation is worse. 2-room flats are priced below ratio of 4, but 3-room and 4-room flats have ratios of 4.5 and 5.4 respectively. So, in fact, Sengkang 4-room BTO flats (ratio of 5.4) are considered unaffordable by the standards laid down by the World Bank and the United Nations.”

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ANALYSIS: THE TRUE COST OF LIVING IN SINGAPORE ISN’T THAT HIGH AFTERALL

So very often, repeatedly I hear people complaining about how expensive property is, or how expensive our cars are. It is true that our the ultimate quantum of our property is very expensive here, but so very often, people forgot to factor other things like interest rates, appreciation, education, child care, etc, which more accurately reflects the true cost of living.

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“THE PRICE INCREASE OF BABY MILK IS RIDICULOUS”

In 2004, the average price of formula, including that for infants and for babies six months and older, was $22.66 for a 900g tin. It has climbed steadily to hit $50.01 in October this year from an average of $44.30 last year, according to figures obtained recently by The Straits Times from the Department of Statistics.

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For some, hikes may exact a significant toll

For Singaporean Fahmi Rais, 46, who lives in Johor and commutes across the border daily, the toll increases will dent his disposable income. Mr Fahmi, who owns a cafe in Johor, said that as travelling between Singapore and Malaysia - whether for work or eduction - has become a "bread and butter" necessity, people will just have to swallow the increase.

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