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Hi , how your day . I am horng chuan , nice to know you Actually Singapore have one biggest problem , between blue collar & white collar salary gap is getting so huge nowaday Blue collar can as low as $1000 ... As you can see , nowaday even younger or 30s also work as grap food & grab car , security . Even those who have polytechnic or degree holder . As you can see , expenses is every year going up in Singapore , not only this 3 year . Can you imagine , a man with lesser then $2000 , after cut CPF . It only left $1600 . With $1600 , need pay all expenses , bill and support parent . You know many year ago , when I still a truck driver . My salary about $1500 ... After CPF about $1200 . I hardly can save money ... After sometime Singapore keep bring in FW to be driver . And they say because we lazy that why they bring in FW ... At that moment of time , I so angry , the salary is so low and they say because we are lazy that why they bring in FW ... What nonsense they talking . After sometime , Singapore expenses keep give up , I change job ... Miss , I telling you all this , just to let you Singapore is no more a good home . Singapore is alway getting more and more expensive after LHL in control . Our life , our work all in stress . As you can see , nowadays ppl easy to lost temper . Even off day want go out to find a place to relax , but every where we go , is so crowded and squeezy . Singapore no more a good country . They bring in all talent white collar , mostly they will willing to be PR and convent to citizen , due to they are talent , their job is secure and with high income and good benefits and good increase salary yearly and some more Singapore is safe . Because of so call new citizen , PAP until now hardly can being remove . You can see , new citizen every where nowaday . Because blue collar life have been screw up , alot of us want to VTO . But too bad , they being bring in alot of new citizenship . I tell you this , just to let you know . Singapore is not as good as what you think I was born in Singapore , I grow up in Singapore . I love singapore , but too bad , Singapore have change .
Making it out at a young age is quite difficult. I started a side hustle at 17, saved up and made some good investments. l'm 28,live on my own and having a good life for myself. Big ups to you and everyone out there trying
@@lilianazuluaga6504 Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?
Koala, For your Info, the SGD is one of the strongest and stable currency,.. Yes, when FED raise interest rate, SGD vs USD went to 1.44 but now it is almost back to 1.37. Currency strength we are not affected by USD as compared to rest of the region currencies.
Hi Krazy Koala. I’ve been trying to find your channel about SG. Thank goodness RU-vid algorithm noticed my typing on the search bar. Thanks so much for this update because we will be there this December to spend Christmas and new year with my brother who lives there. Wasn’t able to see him for a good 2 years due to this pandemic. But thanks again for the update! Take care
Recently, a family rents a 4-bedroom HDB flat for only $3,700 per month. Previous tenant paid only $2,100 per month. He was very lucky, the owner allowed the rent to be reduced greatly. Look around, you may be just lucky.
Hi Koala, Inflation and shrink-flation are real in the U.S. too. A lot of basic food items have gone up , even as a high as 500% or more on some items. But the mainstream news tells everyone that inflation is only 8%. I use to invest. But the markets, pretty much all markets, nowadays seem dubious. Thanks for sharing your experiences. Best wishes and safe travels always.
Depends what you want in life. SG is good for 1 yr. Then rent out your property(s) and rent in MY, TH, INDO, VIET, PHI with plenty to spare and enjoy a minimilistic, healthy and happy life. Only live in SG for long term if you have no choice eg. work, but hopefully work that allows plenty of foreign travel. Mental health is also very important (by having broader horizons), not just physical safety.
Thanks for sharing an update on the rise of inflation and cost of living in SG today. Totally agree with you and it is quite worrying in terms of the financial pressure to keep up. Would love for you to share in one of your next videos on your investment strategy, allocation and portfolios, and how they are performing/yielding for you. ❤️
Grab car here in SG is crazy. It's something like 5 times more expensive than Grab Car in JB. Even though we have a well-developed transportation system, getting a seat (during rush hours) is impossible. Even during non-rush hours, it can be quite challenging. Buying a car is also prohibitively expensive with COEs hitting over 100K. Feel sorry for Singaporeans.
The increase in price for Chicken rice was due to Malaysia halting imports of fresh chicken to Singapore. Now Malaysia has restored partial shipments but that's how things go. Once they increase prices, it will not revert back.
@@Unteroffizier Basically inflation is crazy right now and not quite justifiable in Sg, bec it could have been better managed. But the govt allowed property to escalate, attracting rich foreigners, as they benefit from it too. Whereas the people suffers.
I also noticed a high percentage point increase (20-30%) on dry food items even in supermarkets. Though these translates to 20-30 cents in dollars, in % it is one-fifth for a single increase.
I'm currently on a second visit to Singapore this year from Australia. Since early this year, the Australian dollar has fallen significantly against the Singapore dollar which appears to have held its value. I have lesser bang for my buck with AUD$1 now changing only SGD$0.88. Despite this, eating out and public transport is still cheaper in Singapore. Generally, my observations over the past many years is that if the simplest chicken rice meal is SGD$3, the equivalent in Australia is always roughly 3x or 4x more in AUD$. That means it is common to pay AUD$10-12 for something that resembles chicken rice, and just to add, around AUD$16 for something that resembles char kuay teow or nasi lemak. The strength of the Singapore dollar is also observed when I tried ordering some products from China. I would pay a higher amount in AUD$ but a smaller amount in SGD$. Another advantage that Singapore surely has is its proximity to, and probably mass economy of scale for transportation of products from, China. Shipping from China to Singapore is much cheaper than shipping to another continent including Australia.
@@TheKrazyKoala Yes, I do watch some of your videos, along with another funny Russian RU-vidr, to observe the expatriates' view of Singapore. I'm actually a Singaporean.
KK u can get economy rice for $3.5 to $4 with 1 meat plus 2 veggies dishes $4 for most noodles popiah is not Pancake its spring roll usually $2 only only Healthcare is expensive 😊
At 5:28 you mentioned that "Less than $1 pretty much can get you anywhere" is not true. It's almost the opposite right now. For adult fares, the minimum cost of a ride is now S$0.99 and can go up to about $2.50 for very long distance journeys. On average I would say it's about S$1.60 now depending on distance
Incomes for the top 20% of the working population here have also increased by 33% at least since 2016. And this year, it is set to increase another 5-10%. It's not just the mainland Chinese that are coming here. The job market has better opportunities now in Singapore.
Hello krazy koala, in Singapore is one of the highest cost of living here, usually the locals stays in HDB (Government subsidies Flats for all Singaporean) the mid range and expats stays in Condo & Private housing, depends on where they came from. Such as yourself is considered as expatriate. Living in Singapore as a Singaporean, some of us we have to budget ourselves. We have no choice as this country is one of the safest place to live, transportation and cost living is acceptable.
"We have no choice as this country is one of the safest place to live, transportation and cost living is acceptable" We have no choice bec we were here. Sg had already been one of the safest for decades, without the high cost. Chinese/Jap/Korean majority societies are safe. Cost of living is not acceptable now. Subsidized housing aint a choice for many now with the ridiculous wait as well.
Grab car here in SG is crazy. It's something like 5 times more expensive than Grab Car in JB. Even though we have a well-developed transportation system, getting a seat (during rush hours) is impossible. Even during non-rush hours, it can be quite challenging. Buying a car is also prohibitively expensive with COEs hitting over 100K. We are often touted as the "safest place" to live. But just ask yourself how many public brawls, slashing incidents, unprovoked attacks and suicides we have witnessed over the past one year. Feel sorry for Singaporeans.
I live a minimalist lifestyle now. Guess we need to be more minimalist in future and cut down wastages. Only a minimalist and healthy lifestyle is sustainable here.
Depend on what objectives you are staying in Singapore, Jobs or planning to stay long term. Singapore is not ideal place for retirement, everything is only going to get more expensive, including medical and basic necessity. If you plan to stay long term, do consider to get PR and preferable buy a HDB, it will be more economical.
Being humble & honest in your presentation , make Krazy Koala even more likeable! Yes , inflations are making many products & services more costly now in 2022 for everybody! Stay humble & carrying on! We love you & take good care of yourself Krazy Koala! 🌷🌿🌍💖🕊🇺🇸🇸🇬
Sorry Koala just watch! Somehow I didn't think a new video is coming. Double confirm on real estate. Now we rent (1 year lease yay!) but saving saving for buying our own. Now don't go out so much and make most meals at home. Got special saving account already and it is hungry monster. But with this even it is like trying to climb a hill which someone makes more high every day. But we will do it!
without any grants and subsidies you pay S$150 K for a 3 room hdb flat , with super heavy grants and subsidies you pay S$400K and you should be grateful for their cooling measures which makes hdb public flats more "" affordable "" . you shouldnt have lied in the first place .
Yup, PRE-COVID & Post- COVID ... Lotsa things have changed..... A lot... BTW, were you in Garden By the Bay quite recently about couple of weeks back? Take care and stay safe out there...
@@michaelshih8163 she was comparing prices from a couple of years back and now. In downtown Vancouver, one bedroom apt rent was $1000 but now is almost $2000 per month. Used to pay $40 for dim sum with family now easily $80. Gas price went up to $2.35 per liter unless you are living in Ontario still enjoying lower price.
Hi Koala, Just wanted to wish you and your entire family a very Happy and Blessed Thanksgiving and always. (in case you celebrate it in Singapore) Thanks for sharing 🙏🙏🙏
Move to Kuala Lumpur then on an expat salary. You can get a much larger fully furnished condo and expenses at 1/3 the price. We have excellent MRT, LRT and Monorail too. Peace ✌️
@@TheKrazyKoala Yeah more expats are based there now, especially from Japan, South Korea, UK, US and the EU because they get a better quality of life compared to Singapore. Also Singapore is losing its allure and Kuala Lumpur seems to be the hotspot now in Asia.
Jurong East is a prime location, transport hub, there are many shopping centers and is only 25mins to town. Rental had increased, but there are cheaper locations, including HDB. Food and transport are a global issue, but it affected Singapore greatly because we are an importing country.
Jurong East in time to come with HSR , Govt Offices relocation and called Little Orchard of the West :D Will be very brisk ... Properties in Jurong East are set to appreciate and expensive .
Hi Koala, Yes things are going up almost everywhere in the world. We just need to keep track of what we spend, for me every one week I will check how much I spend for the whole week. 👍👍👏👏💖💖
Oh dear darling you got rip off you have travel more to look around some of food price can be cheaper but you have look at your location I would said sometime mixed rice is is good go out buy at night time since their almost closing their food going be thrown out anyway they will sell slightly cheaper
Don't forget SG is v safe especially for ladies. $ can't buy safety. Excellent medical care at much lower cost. Do u know that SG is probably the only country that treat u before any upfront payment or any insurance, even if u unable to pay?? There is always a trade off.
Random stuff can still happen anywhere like punggol stabbing etc .. keep believing the govt hype that everywhere else outside singapore is a crime infested slum ....
2500 rupees. 2500 for other expenses. And I should say am still maintaining an average quality life. As I Haven't started working yet. Hunting government job. As many Indian youth does ☺
Yes, inflation is very real and it’s affecting everyone badly. Luckily the singapore government have done many things to minimize the impact, but it still hurt our pocket and everyone need to tighten our belt. Hopefully it won’t get worst.
U must have been sleeping. In western nations, inflation was caused by their sanctions on Russia. In Sg, it is mainly caused by mass foreign money in properties, which benefits no one but the rich, incl the gov ministers themselves, their friends and Temasek.
Singapore is a rising star, this just the beginning and it won't stop until the public is unaffordable then settle down. See what happened to zhong Kong in the 90s.
I own 2 bedroom condo and I'm going to rent it out for 3500. It's at The Bayshore, a minute walk to East Coast park, near plenty of bars and restaurant and both Bedok and Tanah Merah MRT station.
Yes, I guess I will see how staying in the Marina Bay Sands will go in a few weeks. In the meantime, I am enjoying the food of Malaysia!!!! Cheap and very good!!!
Could have told you that many years ago. HTF could you save, you would have to be a very highly paid professional expat in finance! I can see why a lot of graduates don't return to Singapore. And that's why I haven't visited Singapore for many, many years.
Yup, the upcoming 1~2% GST increment will give another reason for retailers to increase their prices by 10~20%. I could never understand their maths 😞😓😩
Singapore for Singaporeans (born and bred here). We have a government that manage the country well, financially and physically. It even are concern for the future generations to come. Foreigners and PRs are not their priorities and rightfully not entitled to the country's prosperity.
Citizens born and bred in spore are the ones to enjoy and benefit from the country's progress and govt subsidies. Their predecessors had sacrificed much for future generations to come. PRs and foreigners are thus enjoying the fruits of our hardworking predecessors. Paying taxes are by law and not entitled to other benefits. Most of them are just opportunists, enjoying the blood, sweat n tears of true blue sporeans. Their taxes are just a drop in the ocean.
我们爱新加坡， 因为我们是正真的新加坡人。 别人要新加坡，只因为是利益的角度 - 不流甚至一滴汗的情况之下夺我们父我们母牺牲换取的果。一个正真的心，是不能用钱买的。 政策 里头 允许 所谓 权被偷， 地被枪。你情我愿 ... . they rode for free, upon on the waves of those who suffered, sacrificed and endured before us, Henry There are among us ..sellouts. Policies are...from policy makers which by rights (like you said) ought to be in considerations of the very people who voted them in. and not the wellbeing of.....any.....other.....entities _(period)._ unless like you said Henry, the governance have rightful priorities, prosperity ought to be for those who initially built prosperity. 我们剩下的口水，如果他要， 就给她吧
Poche never saw Wolves is pressing on the left side with Chillwell playing as wing back rather than full back so Silva has to cover him but without pace. Chelsea was subjected to such pressure three four times but Poche never realised it
When ever it is, it is good to save for a rainy day. You can save alot of time by going to your favourite hawker centre after a hard day work. If you free try cooking at home or a class and learn some recipe from RU-vid
Inflation is bad here too (central part of USA) - everything at the grocery now seems to start at $3 minimum, and don't even think about eating out at a fancy or even mid-tier restaurant!
Oh love yes you're right, how life has changed after the coronavirus pandemic, everything is getting costlier everywhere, I think I have to go back to my farm and plant my crops and vegetables...😊
@@TheKrazyKoala with so much mrt lines, ride hailing n cabs available most dnt need a car. Single person renting the whole unit is definitely taxing unless there is high income coming in every month.
yeah a 2.4 km cab ride in town now costs $15 each way off peak. It's just ridiculous. Heard it's even crazier outskirts because the price surges when demand exceeds supply of cars in the vicinity. Thank goodness new MRT lines are opening up. Rentals have gone off the roof it's between crazy mortgage vs. crazy rental pick your poison. Even food delivery is expensive now, so I try to order double portion and keep one in the freezer. We make do - it's still a nice place to stay and (fingers crossed) at least electricity bills haven't gone up much cos' we don't need heating here 😬
Actually I didn't feel the pinch of inflation, because I have been working 6 days and meal is provided, and 1 rest day is sleep, no time to spend money 😂
Morning, it's 745am I'm in Skane Sweden. Had the most crazy travel to drive a car from Denmark to Sweden. Apparently to most expensive toll bridge in the world. I had nothing to eat from lunch the day before looking forward to breakfast. Will comment your video tonight. Thank God I am not frozen yet
@@TheKrazyKoala Lego house is 2.5 hours from CPH and 3.0 hours and south Sweden. I can photo only outside. But I have a crazy photo splash in like paparazzi style 5 places on 1 hour. Show you soon. If I visited Lego house I will need to extend my Scandinavian trip...
Yes cost of living is increasing especially rental because now many of the locals are renting. Covid had delayed delivery of many HDB housing projects and as many resale now hit million$, many HDB owners sold their BTO (bought at $400k, subsidized land cost) and sell at $million then wait for their new BTO to be ready. And many young couples while waiting for their BTO also start to rent. We could expect rental costs to start to go down in next 2 years when the HDB starts to be delivered. As for hawker food prices, seems that places you go to are not really "hawkers" (NEA - government run) but rather coffeeshops & food courts (private run). Now would be good time to search around for "real hawkers" and could experience that prices not increased so much. The hawker centers are rental controlled, at much lower rates, and why the food prices are so cheap. And that most hawkers do only 1 shift (lunch or dinner), not both since rental is low. So maybe could be adventure for you to explore to look for "real hawker centers", usually hidden in older estates. Have fun.
Cost of living in Singapore has risen dramatically. Public transport is always cheaper but after the Pandemic - everything just adds up even if you are not taking taxis or grab. Food and commodity is more expensive and war in Ukraine has not help. Covid has not help with the supply chain either. Rental has also skyrocketed because the lack of BTOs being built. Again caused by the Pandemic because most construction work is done by immigrants from India, Bangladesh and Myanmar. With the Pandemic, it is not easy to get foreign workers to come work in Singapore. Further to that, there is also increasing demand of housing in Singapore. I am sure you know that Hong Kong is no longer the financial center of Asia. Many expats in HK has shifted here. Chinese or HKers have shifted here, these factors drive up housing / rental even further.
For me, not feeling that much. No rental to pay. Food only $2-3 more a day. One month $100. Movies one month $100 more. Other things, more or less the same. Just a $200-$300 more a month.
we import almost all of our food, the cost of food like chicken went up due to the high cost of chicken feed in Malaysia , they even ban the export of chicken to Singapore even the cost vegetable gone up due to bad weather so no one is to blame just bad luck , for housing it's supply and demand and for transport all around the world are facing the same thing raising oil prices , we Singaporean are facing the same thing , in Malaysia oil is cheaper because they have oil and for cars and if it's cheap to own one the road will be congested but we have efficient public transport, you can eat $20 at the hawker center you must have a very large stomach
I see the $70 meal included black pepper crab. Crab is rough about $20 depend on weight and location. Almost no Singaporean eating alone having meal including crab
Singapore will soon become Monaco of Asia….Even Luxury hotels prices have more than doubled in last 2 years… If I compare to Dubai stay is easily 50-60% costlier
Btw, property prices started to crash all over the world for absolutely obvious reasons that I won't mention here. But by the time this wave reaches Singapore, easily few years may pass - lovely government can prolong property bubble by "stimulating" it. But don't worry, lazeeeh millenial, just buy a house... at any price! Because house prices always always go up!
The question to answer is even we can move to SG for work. Unfortunately, the cost of living, housing is too high to live. But salaries in SG much better than every country. So how can we live in SG right now?🥴🥴
I stopped taking bubble tea as I used to had it occasionally. The price of economy food has increased by 20% at my place; coffee is one that I cannot go without. So averagely I pay $1.10 to $1.30 depends where I bought. I go to polyclinic instead of private clinic too. I start to feel the impact of Inflation since the last quarter of Year 2021.
these few years, i was thinking to myself, sg is almost very very resemble australia now! all prices of food are same as aus, restaurants same as aus, human capital is very high salaries, to call in a plumber, electrician is very very expensive,
It seems like Living in Singapore can be cheap depending on Your lifestyle or what you spend you're money on Koala. It's important to set a budget wherever you live Happy Holidays 🎄⛄🤶🎅
Useless garverbmen is real rather than inflation. How can some stall sell way cheaper while most just keep increasing price and cited inflation to justified. No control.
It is definitely the rent , once you take that expense out of the equation , you are teflon clad , you didn't lie , rent was not a killer when you made your assessment back then
@@TheKrazyKoala you didn't lie , your assesment was accurate and factual before the hike in US fed rates which directly linked to real estate pricing spilling into rental and spike in consumer price index
Hi Koala, thanks for the video. Thanks for the honesty. I like the video indeed. 😄👍. Yes, inflation is real and hurting. Singapore is getting more expensive nowadays. So in your opinion: is Singapore still the best place or country to live in... ☺️😊🙂
Seems really expensive to me KK but we also have expensive healthcare.I haven’t rented in a long time so I have no idea cost . I own a home in Texas and one in Oklahoma, I know the insurance and taxes for both is about 20 thousand a year . I assume renting would be very expensive. I love the video KK
It’s good to know that you are surviving here👍 Most of the countries are hit by inflation. Put the cost of living aside you know you can afford to eat in a restaurant everyday in California. You’ll get free water free tea free steam rice and free soup in most of the Chinese restaurants and of course free refill on the drinks and all the napkins you can get for free😄Most importantly your salary and bonus will increase every year😊I don’t have to mention the weather and how much space you can get in many cities of California. You know😂
I lived in SG about 1.5 years, from my experience, it’s true only for house rent. SG is more expensive than the video. for example, 27 SGD per KG pork. don’t use the cheapest way to evaluate your living
buy from ntuc fairprice ,i suggest an airfryer yu can save from eating at mcdonalds burger king seriously lotsa good frozen food ,im not working since 8 mnths n just staying with my brader and sis ,best way save cost n eat more vege stay healthy all
You know I wish one day you can speak in my sch (as a inspiring person ) it’s Ngee Ann polytechnic btw . The last event we had speakers were tedx youth .
I love the video thanks for sharing I just have one question how much is the Singapore dollar compared to the USA dollar for example let’s say $10 US dollars is what compared to Singapore dollars?
Our Government strategy to fight inflation and high costs of living is - "increase the cost of everything". Example, ERP, GST, Utilities, etc. That's how our Reserves, which supposed to be a secret is at least over US$1.5 trillion. And we continue to be successful because majority willing to work till death to pay their dues. Plus the Rich and Wealthy are Welcome to park their money here, apply for PR or Citizenship, thereby increasing the value, real or not, of the actual worth. In addition, we increase our productivity by importing low cost labor especially from surrounding countries. Presently, we have over 40% foreign population out of total 5.6 million. This will continue until the system can't.
Inflation is very real, here and elsewhere. Unfortunately because Singapore is dependent on imports for almost everything, it is beyond our control. The only control we personally have over current inflation is the decisions on our lifestyles... Do I only make purchases that I need? Can I postpone the purchases? Can I reduce the amount of food I consume at each meal? etc. These questions often reflect our comfort zones but you need to confront these difficult choices in-order to manage the effect of inflation in your life. I used to live in the US, my sister continues to reside there and has for the past 35 years. During a recent visit here, we went grocery shopping at Fairprice, she saw that a bag of 5 lemons were priced at $2-3. She commented that she paid US$1 for a lemon at the supermarket in Colorado... How was that possible she asked? The US grows much of its own food while Singapore has to import everything... so to answer your question, yes, inflation is very real, it can't be avoided but it can be managed.
Believed inflation is a given thing globally, if you are an expat, you do have to live on an expat term. The price hike of rental are mainly driven by the expat, though neighbor countries are cheaper, you can have a choice to live in JB and work in Spore, I do have colleagues doing that. That will be a win-win for you... LOL!
except for the housing, everything sounds still pretty reasonable to me. if you intend to make singapore your home, why don't you just sell your house in California and buy a condo in Singapore? or, you can uproot yourself by applying for a singaporean citizenship (then give up your US citizenship after it's approved). Then sell your house and buy an HDB in Singapore. Put down 100k (for renovations) to make it nice and luxurious like a condo. Because renting in a long term is not a good strategy if you're intending to make Singapore your home.
yooo she's staying in one of the prime locations in Singapore (if it is near where she runs) $3.5k per month is a killer deal if she gets the whole apartment to herself
After all her recent travels to the Middle-East, we give a warm reception back to Singapore to the Queen-Goddess. Great to see the Koala back in her natural environment doing what she does best.
