Private Housing
For expats and locals alike, private housing tends to be the most expensive option. Condominiums and landed properties are popular choices for individuals who can afford them. Condominiums typically offer amenities such as swimming pools, gyms, and security services, making them more attractive to high-income earners.
Public Housing
The majority of Singaporeans live in HDB flats (Housing and Development Board flats), which are government-subsidized and more affordable than private properties. The cost of renting an HDB flat varies based on location, size, and whether it is a new or older flat.
Property Prices
If you are looking to purchase property, the prices in Singapore can be eye-watering. As of 2023, the average price of a condominium unit is around SGD 1,500 per square foot, and prices can vary depending on location and property type.
The Affordable Option
Singapore is famous for its hawker centres, where you can enjoy delicious, local food at an affordable price. Meals at hawker centres can cost anywhere from SGD 3 to SGD 8 per dish.Eating at hawker centres can significantly lower your food expenses, especially if you are a frequent diner at these venues. In fact, hawker food has earned the distinction of being some of the best and most affordable street food in the world.
A Higher Cost
If you’re dining at mid-range restaurants, the cost of meals can rise significantly. A meal at a decent sit-down restaurant in Singapore can range from SGD 15 to SGD 30 per person. Fine dining establishments will charge even more, with meals easily reaching SGD 100 per person or more.When it comes to groceries, Singapore tends to have relatively high prices, particularly for imported goods. Local produce is more affordable, but imported goods such as dairy, meat, and packaged foods can be expensive. Expect to pay around SGD 4 to SGD 8 for basic items such as milk, bread, and eggs.
Efficient but Expensive
Singapore boasts an efficient public transportation system that includes buses, trains (MRT), and taxis. The country’s compact size and well-maintained infrastructure make it easy to get around, though transportation costs can add up depending on how frequently you use it.
Public Healthcare
Public healthcare in Singapore is heavily subsidized, but you still need to pay for a portion of the cost. A visit to a government hospital or clinic for a basic consultation might cost between SGD 20 and SGD 50, depending on the level of care.
Private Healthcare
If you choose to go to a private hospital or clinic, the costs can be significantly higher. Private consultations can cost anywhere from SGD 80 to SGD 300 per visit. Specialist treatments and surgeries may run into the thousands of dollars.