- The cost of living in Singapore is relatively little expensive due to the country’s limited space.
- The population density of Singapore is 8,188.16 per square kilometre, which tops third highest in the world after Macau and Monaco. This leads to the higher demand for housing and transport, bringing up the living cost considerably.
- On the silver lining, Singapore’s average monthly net salary is more than of Australia, Germany and the US. With the higher income, one can easily bear the living expenses and cost of goods and services.
- Housing Property is comparatively expensive in Singapore, with a median price for all residential properties more than a million Singapore dollars.
Expensive and Affordable places in Singapore:
- Central, Bukit Merah, and Queenstown were the most expensive rental markets in 2018 which you may avoid.
- Kallang/Whampoa and Clementi are inexpensive.
- Bukit Panjang remains the cheapest area in Singapore for house renters.
- Followed by Woodlands, Choa Chu Kang, Punggol, Sembawang and Sengkang