It's on BBC News that Singapore named the world's most expensive city. I had been thinking about this recently too. With the increasing of price everywhere except our salary, i find that all things in Singapore gets more and more expensive. If i compared with other countries, one thing can be expensive but another is cheaper. For example: In US food is more expensive but their clothing and cars are cheaper. But in Singapore, everything is expensive.
- Our car is at least 2 to 3 times more expensive because of the Certificate of Entitlement (taxes to gov).
- our utility bills are soaring
- buying clothes branded or not are also 50% more expensive than US, and 100% more expensive than china which goes into the resellers' profit.
- School fees are getting increase of 20% this year because of limited teachers and therapist.
- Housing is getting more and more expensive because of the rich from all over the world had invested in Singapore properties and the increase of stamp duty (taxes to gov)
- Even maid salary had increased 25% within 2 years.
Every years our salary increment is at 2% but expenses is increasing at 20%. Now i have to think of ways to cut expenses or increase my income.
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