Tag Archives: Rising Costs of Living

YOUNG MOTHER: AVERAGE SINKIES PRICED OUT OF CAR MARKET

I am a mother of 2, my older son is 3 years old and my younger daughter is 1 year old. I find the current transport situation in Singapore especially frustrating. I want to buy a used car to ferry my kids to school, go for outings and visit their grandparents, but it just doesn't make economic sense! Singapore is the only country in the world where used cars cost more than brand new cars! A bread and butter Japanese car that is 5 years old depreciates at about $11K per year, and that is excluding the higher maintenance cost for an older car. A similar brand new car only depreciates at about $9-$10K per year. How is that logical?

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CAR COE PRICES ROCKET UP AGAIN

Premiums for motorcycles broke through the S$6,000 mark, closing at a record high of S$6,312. COE prices for the Open Category (used for any vehicle type) rose 8% from S$72,100 to S$78,000. Premiums for big cars in Category B (Cars above 1600cc or 97kW) climbed by 6.6% to S$76,612. Small car premiums in Category A (up to 1600cc & 97kW) increased 4.7% to S$67,749.

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SICK AND ELDERLY SINGAPOREANS PACKED OFF TO JOHOR BAHRU

A growing number of infirm Singaporeans are being admitted to nursing homes in Johor Baru as prices there are as low as half price of Singapore's. For example, at City Heart Care nursing home, patients pay $900 a month for a two-bedded private room. A similar room in Singapore would cost more than $1,800. Major nursing home players are considering expanding in Johor Baru due to the burgeoning demand.

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HAWKERS SCRIMP ON INGREDIENTS AS COSTS RISE

If you think that your favorite hawker meal seems to have gotten smaller, you're not imagining things. In a bid to deal with the rising costs of ingredients in Singapore, some hawkers have taken to scrimping and saving on ingredients.

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SINGAPOREANS FEEL FINANCIALLY INSECURE IN THE FACE OF RISING COSTS OF LIVING

Singaporeans read in the papers recently that the city has been ranked the world's most expensive city for the second year in a row by the Economist Intelligence Unit (EIU). This ranking comes as many are beginning to feel more financially insecure, with loud sections of society calling on the government to provide conditions for better wages and social safety nets.

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