Tuesday, May 20, 2014

5 things in Singapore that cost more than other cities

1) Public Housing.

HDB maisonette sells for record $1.05m in Bishan

Average rental per unit of HDB 
2 Bed room HDB flat - S$2000?? (Because almost impossible to get government subsidized flat and impossible to own one)

Let us compare with NYC
Increase of cost of Public Housing (Manhattan)
How Affordable is Public Housing? (Manhattan, New York)
As of January 1, 2014:
Families in the Conventional and Section 8 programs pay no more than 30 percent of their family income for rent. The rent difference is subsidized by the Federal Department of Housing and Urban Development (HUD).
Average family income in Conventional Public Housing is $23,150.
Average monthly rent is $445.
Working families account for 47.2 percent of NYCHA families.
11.4 percent of NYCHA families receive Public Assistance.
Social Security, SSI, Pensions, Veteran's Benefits, etc., support 41.4 percent of the families.
37.0 percent of the households are headed by persons age 62 and older 19.0 percent of the NYCHA
Population is age 62 or older 33.9 percent of the NYCHA population are residents younger than age 21 and 27.4 percent are minors younger than age 18.

Lets compare this is Malaysia... Errr... Nevermind.

Say a Flat with good location near KL costs RM$80,000??


2) Lets look at cost of cars.

Toyota Camry 2.0 (New) - Sedan Auto - S$168,888 Guaranteed COE. (Singapore)

Toyota Camry LE 2.5 (New) - Sedan Auto - US$23,460 MSRP (Boston) (S$30k)

Toyota Camry LE 2.5 (New) - Sedan Auto - NT$999,000 MSRP (Taiwan) (S$45k)

Toyota Camry Luxury 2.5 (New) - Sedan Auto - HK$357,700 MSRP (Hong Kong) (S$58k)


3) Donuts

Lets look at cost of Krispy Kreme

Krispy Kreme made its local debut here on Oct 12, with an original glazed doughnut priced at S$2.60.

The same doughnut retails at US$0.99 (S$1.20) in the United States and RM2.50 (S$0.98) in Malaysia.

A dozen of the glazed doughnuts here cost S$23.40, but they go for A$15.95 (S$19.10) in Australia.

Krispy Kreme cost less in Tokyo too.


4) Surface Pro 3

Surface Pro 3 - 512GB Intel i7
Singapore - S$2698
USA - US$1949 (S$2440)

Lenovo IdeaPad YOGA2 PRO Ultrabook 5940 -  I7-4500U Processor 8GB RAM, 256GB DDD
Singapore - S$1967
USA - US$1299 (S$1626)


5) Beer

Lets looks at Carlsberg 12 Cans
Malaysia - RM45.28 (S$17.50)
Singapore - S$49.95 (NTUC)
USA - US$11.99 (S$14.50) excluding US$0.60 Can deposits


-- IronBowl

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