Saturday, January 4, 2025

Why is Singapore expensive?新加坡为什么这么贵?

  新加坡为什么这么贵?


Why is Singapore expensive?


Having lived in Shanghai for a very long time, I don't think Singapore is expensive at all.


The main reason why Singapore is ranked most expensive in the world is because of the “average” lifestyle they use to make the comparison.


For example, they compare cars, housing (private), restaurant prices, private education, medical services, consumables like cheese, milk, etc etc, all part of an expat lifestyle.


Most Singaporeans will tell you that the list does not bare comparison with their daily life. Most locals live in public housing (85% and over), eat at hawker centers and not restaurants, have public education and public medical services.


Let's compare Shanghai with Singapore.



Singapore public housing (above), Shanghai walk up flats below which is 5x more expensive. Those below are going for RMB 90,000 pm gross. That is about RMB 9,000 psf, and converted into nett, RMB 15,000 psf (60% efficiency) which is about USD 2,500 psf.



Housing: nett 80 sqm public housing in Singapore is on average about USD 400-500 psf. But since Shanghai doesn't have much available public housing, we have to use the private rate. Anywhere in Central Shanghai will cost you about USD 2000 and up (including old 6 floor walk up apartments). This takes into account that Shanghai sells on Gross psm and not nett psm. The conversion into nett is about 60% of the gross.



Singapore hawker center with many choices (above) vs Lanzhou Beef Noodles (below)



Food wise, I find Singapore cheaper than Shanghai for food. Hawker centers are very reasonable and you can easily find a bowl of noodles for USD 2.50. Shanghai doesn't have these and there are only restaurants or small diners.



Above is a sample of prices from a food delivery website in Shanghai (USD 1 approx = RMB 6 yuan)


A bowl of noodles at the cheapest noodle place in Shanghai (Lanzhou beef noodles) will cost about USD 2. Other than this, most other food is more costly. If we compare hygiene levels, then Shanghai is way more expensive if you want to find a clean place.



A cup of black coffee in Singapore is USD 1 if you buy it from any local coffee shop. In Shanghai, one can only find coffee at the international chains for USD 5-6.


Education wise, public education is similar. Private education though is a lot more expensive in Shanghai by about 2x. Same for domestic help and private medical insurance, all at least 2x that in Singapore.


Singapore is more expensive for cars hands down. But imported cars in Shanghai are not cheap either. If one were to bring a BYD E6 car into Singapore, the average price would be similar to a BMW 5 series. The only reason this Chinese car is cheapish in China is because they do not have to pay import taxes. Shanghai number plate prices are also getting expensive. Last I checked they were about USD 15, 000 for the plate.


My personal feeling is that cheap stuff is cheaper in China, but quality stuff is more expensive in China too.


Considering that Singapore GDP per capita is about USD 60, 000 while that in Shanghai is about USD 20, 000 (very generous estimate), I would say that Shanghai is a way more expensive city to live in.


So in conclusion, I think we have to look at the basket of goods to see if one is living the lifestyle as stated in the studies. 


What was the last thing John F. Kennedy said to Jackie before he died?

This is kind of a trick question. The words were said to Jackie but in response to a statement made by Nellie Connally. John F. Kennedy had told Jackie she looked "smashing" in the pink suit she wore that fateful day in Dallas, but those weren't his final words.


 新加坡为什么这么贵?


为什么新加坡这么贵?


我在上海住了很长时间,我觉得新加坡一点也不贵。


新加坡之所以被评为世界上最贵,主要原因是他们用来进行比较的“平均”生活方式。


例如,他们比较汽车、住房(私人)、餐馆价格、私立教育、医疗服务、奶酪、牛奶等消耗品,这些都是外籍人士生活方式的一部分。


大多数新加坡人会告诉你,这份名单与他们的日常生活没有可比性。大多数当地人住在公共住房(85% 以上),在小贩中心吃饭而不是餐馆,享受公共教育和公共医疗服务。


让我们将上海与新加坡进行比较。


新加坡公共住房(上图),上海无电梯公寓下图,价格是新加坡的 5 倍。下图的价格为每月 90,000 元人民币。 大约是每平方英尺 9,000 元人民币,换算成净价,每平方英尺 15,000 元人民币(60% 效率),大约是每平方英尺 2,500 美元。


住房:新加坡 80 平方米的公共住房净价平均约为每平方英尺 400-500 美元。但由于上海没有太多可用的公共住房,我们不得不使用私人价格。上海市中心的任何地方都将花费您大约 2000 美元及以上(包括旧的 6 层无电梯公寓)。这考虑到上海是按毛利每平方米而不是净利每平方米出售的。换算成净价约为毛利的 60%。


新加坡小贩中心有很多选择(上图)与兰州牛肉面(下图)


就食物而言,我发现新加坡的食物比上海便宜。 小贩中心的价格非常合理,你可以很容易地找到一碗 2.50 美元的面条。上海没有这些,只有餐厅或小餐馆。


以上是上海一家外卖网站的价格样本(约 1 美元 = 6 元人民币)


上海最便宜的面馆(兰州牛肉面)的一碗面条大约需要 2 美元。除此之外,大多数其他食物都更贵。如果我们比较卫生水平,那么如果你想找一个干净的地方,上海的价格要贵得多。


在新加坡,如果你在任何当地咖啡店购买一杯黑咖啡,价格为 1 美元。在上海,人们只能在国际连锁店以 5-6 美元的价格买到咖啡。


教育方面,公立教育也差不多。不过,上海的私立教育要贵得多,大约是新加坡的 2 倍。家政服务和私人医疗保险也是如此,至少是新加坡的 2 倍。


毫无疑问,新加坡的汽车更贵。 但上海的进口车也不便宜。如果把比亚迪E6车开到新加坡,平均价格和宝马5系差不多。这种中国车在中国便宜的唯一原因是他们不用交进口税。上海的车牌价格也越来越贵了。我上次查了一下,车牌大约是15000美元。


我个人的感觉是便宜的东西在中国更便宜,但优质的东西在中国也更贵。


考虑到新加坡的人均GDP约为6万美元,而上海约为2万美元(非常慷慨的估计),我想说上海是一个生活成本更高的城市。


所以总而言之,我认为我们必须看看一篮子商品,看看一个人是否过着研究中所说的生活方式。


肯尼迪死前对杰奎琳说的最后一句话是什么?


这是一个有点刁钻的问题。 这些话是肯尼迪对杰奎琳说的,但是为了回应奈莉·康纳利的言论。约翰·肯尼迪曾称赞杰奎琳,她在达拉斯那悲惨的一天穿着粉色套装看起来“棒极了”,但这并不是肯尼迪的遗言。


新加坡为什么这么贵?

Why is Singapore expensive?

Having lived in Shanghai for a very long 

time, I don't think Singapore is 

expensive at all.


The main reason why Singapore is rank

-ed most expensive in the world is 

because of the “average” lifestyle they 

use to make the comparison.


For example, they compare cars, housing 

(private), restaurant prices, private 

education, medical services, 

consumables like cheese, milk, etc etc, 

all part of an expat lifestyle.


Most Singaporeans will tell you that the 

list does not bare comparison with their 

daily life. Most locals live in public 

housing (85% and over), eat at hawker 

centers and not restaurants, have public 

education and public medical services.

Let's compare Shanghai with Singapore.

Singapore public housing (above), 

Shanghai walk up flats below which 

is 5x more expensive. Those below 

are going for RMB 90,000 pm gross. 

That is about RMB 9,000 psf, and 

converted into nett, RMB 15,000 psf 

(60% efficiency) which is about 

USD 2,500 psf.

Housing: nett 80 sqm public housing in 

Singapore is on average about USD 400

-500 psf. But since Shanghai doesn't 

have much available public housing, we 

have to use the private rate. Anywhere 

in Central Shanghai will cost you about 

USD 2000 and up (including old 6 floor 

walk up apartments). This takes into 

account that Shanghai sells on Gross 

psm and not nett psm. The conversion 

into nett is about 60% of the gross.

Singapore hawker center with many 

choices (above) vs Lanzhou Beef 

Noodles (below)

Food wise, I find Singapore cheaper than 

Shanghai for food. Hawker centers are 

very reasonable and you can easily find a 

bowl of noodles for USD 2.50. Shanghai 

doesn't have these and there are only 

restaurants or small diners.

Above is a sample of prices from a food 

delivery website in Shanghai (USD 1 

approx = RMB 6 yuan)


A bowl of noodles at the cheapest noodle 

place in Shanghai (Lanzhou beef 

noodles) will cost about USD 2. Other 

than this, most other food is more 

costly. If we compare hygiene levels, 

then Shanghai is way more expensive 

if you want to find a clean place.

A cup of black coffee in Singapore is 

USD 1 if you buy it from any local coffee 

shop. In Shanghai, one can only find 

coffee at the international chains for 

USD 5-6.


Education wise, public education is similar. 

Private education though is a lot more 

expensive in Shanghai by about 2x. 

Same for domestic help and private 

medical insurance, all at least 2x that 

in Singapore.


Singapore is more expensive for cars 

hands down. But imported cars in 

Shanghai are not cheap either. If one 

were to bring a BYD E6 car into 

Singapore, the average price would be 

similar to a BMW 5 series. The only 

reason this Chinese car is cheapish in 

China is because they do not have to 

pay import taxes. Shanghai number 

plate prices are also getting expensive. 

Last I checked they were about 

USD 15, 000 for the plate.


My personal feeling is that cheap stuff is 

cheaper in China, but quality stuff is 

more expensive in China too.


Considering that Singapore GDP per capita 

is about USD 60, 000 while that in 

Shanghai is about USD 20, 000 (very 

generous estimate), I would say that 

Shanghai is a way more expensive city 

to live in.

So in conclusion, I think we have to look 

at the basket of goods to see if one is 

living the lifestyle as stated in the 

studies. 

This is kind of a trick question. The 
words were said to Jackie but in 
response to a statement made by 
Nellie Connally. John F. Kennedy 
had told Jackie she looked 
"smashing" in the pink suit she wore 
that fateful day in Dallas, but those 
weren't his final words.

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