Cost of Living in Singapore 2013

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  • Topic: Housing and Development Board, Cost, Costs
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  • Published : April 28, 2013
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singapore 2013
Cost of Living in Singapore in 2013
(http://www.gatewaysingapore.com/2012/06/cost-of-living-in-singapore/#lightbox/0/) The cost of living in Singapore has been highlighted as one of the highest in the world today. The high costs are largely attributable to the large influx of foreign skilled workers and foreign direct investment into Singapore. Infrastructure, education and technology in Singapore are world-class her so you get much in return for the high cost. High Cost of Living in Singapore, but Very Low Tax

Note: One thing to consider is that the tax rate in Singapore is one of the lowest in the world, so you will have a significantly larger monthly sum at your disposal than you might think. So remember to consider the cost of living in Singapore relative to your NET income each month of work. For a more detailed look, please visit our income tax page.

Singapore has been rated the 8th most expensive city in the world for expats Cost of Accommodation
Rent in Singapore competes with most expensive cities in the world. For a decent two-bedroom condominium in a relatively central area, you will pay around S$4000. Go closer to one of the more prestigious areas (like River Valley or Dunearn Road) and accommodation goes up by 20-25% to S$4800-S$5000. A landed property (with e.g. four bedrooms) will cost you S$15,000+. For more on the various areas to live and costs, check out ouraccommodation section. Make sure you have something sorted for when you land in Singapore. If you’re looking for immediate accommodation in Singapore at reduced cost, check out Agoda to get the cheapest rates going. Short term accommodation and serviced apartments that offer similar services and amenities come at a higher cost and with more flexibility. A comfortable studio apartment located reasonably centrally will cost S$5000-6000 per month from the likes of Global Residences. Charges can be arranged weekly also, often at added cost. If you are looking for ways to...
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