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Is it Really Expensive to Live in Singapore? Here's a Look

Is it Really Expensive to Live in Singapore? Here's a Look

Singapore, known worldwide for its extravagance and wealth, is the setting of "Crazy Rich Asians," the summer blockbuster everyone's talking about based on the bestselling novel by Kevin Kwan.

In recent years, it has become "a one-stop shop for Asia's rich," according to The New York Times, perhaps surpassing even Switzerland as a place for the world's millionaires and billionaires to park their money.

The airport has a private-jet terminal. The city-state's best-known landmark is a $6.6 billion megahotel that looks like a floating ship. And there are facilities like Le Freeport, an ultra-secure duty- and tax-free facility for the superrich to store their stuff.

In March, Singapore was named the world's most expensive city to live in for the fifth year running by the Economist Intelligence Unit's "Worldwide Cost of Living" survey.

As a traveler not accustomed to spending a fortune on trips (exhibit A: my bungled recent trip to Mykonos), I wasn't sure what visiting Singapore would be like.

But after spending four days in the city in May, I found that my fears were unfounded. The city abounds with cheap, delicious food, efficient public transportation, top-notch museums, a budding nightlife scene, and beautiful parks. As I quickly learned, if you do as the Singaporeans do, you can easily have a blast in the city without breaking the bank.

Contrary to depictions like those found in "Crazy Rich Asians," most Singaporeans are not rolling in cash. The average salary in the city is about $42,000, according to Payscale.

Here's what it was like to visit Singapore:

My trip to Singapore, like most places, started at the airport. But Singapore's Changi International Airport isn't just any airport — it's considered the best in the world. Upon arriving, I found out why.

Harrison Jacobs/Business Insider
Harrison Jacobs/Business Insider

Though the airport boasts impressive amenities like a free movie theater, a butterfly garden, a rooftop swimming pool, and 24-hour spas, it's the facility's cleanliness and efficiency that the average traveler will notice most. I really enjoyed the abundant green spaces as well.

Harrison Jacobs/Business Insider
Harrison Jacobs/Business Insider

As I rode in a car from Grab, Singapore's main ride-hailing app, from the airport ($12), it hit me how green the city is. The streets and highways are shaded with umbrella-like rain trees, dense evergreen tembusu trees, and colorful bougainvillea from magenta to crimson.

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Shutterstock

The city has been known as the "garden city" since Lee Kuan Yew, Singapore's first prime minister, introduced the concept in 1967. His vision was to envelop it in lush foliage to make it cleaner and more pleasant. His initiative worked. About 1.4 million trees have been planted in the past 40 years, and new buildings are routinely covered in greenery.

For my first two nights in Singapore, I got a steal at Hotel G for $77 a night. Located near the city center, the chic boutique hotel had tight, clean, well-arranged rooms.

Harrison Jacobs/Business Insider
Harrison Jacobs/Business Insider
Harrison Jacobs/Business Insider
Harrison Jacobs/Business Insider

It was also near lots of cheap food options, which are not that hard to find in Singapore. The city is stocked with cheap, tasty food. One of my first meals there was this curry chicken from Killiney, a long-standing coffee shop in the city.

I did spend a few hours wandering through the Bugis Street Market, Singapore's biggest market. While it has a salacious past, today it is packed with cheap clothes, accessories, and food stalls. It's a classic market often seen in Asia: rambunctious, colorful, and rife with copyright infringement.
I did spend a few hours wandering through the Bugis Street Market, Singapore's biggest market. While it has a salacious past, today it is packed with cheap clothes, accessories, and food stalls. It's a classic market often seen in Asia: rambunctious, colorful, and rife with copyright infringement.

As I walked through the city, I found myself stopping often to take photos of the colorful architecture. Having always thought of Singapore as a business city, I was surprised to see such distinctive architecture — but that's my ignorance. Singapore is well known for its abundance of Peranakan facades and shophouses.

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Shutterstock
One night after eating way too much during the day, I hopped on the metro, or MRT, to Chinatown. Singapore's metro blew me away. It is spotless, fast, cheap, and efficient. You can use it to get just about everywhere very quickly.
One night after eating way too much during the day, I hopped on the metro, or MRT, to Chinatown. Singapore's metro blew me away. It is spotless, fast, cheap, and efficient. You can use it to get just about everywhere very quickly.

I found better shopping the next day in Kampong Glam, a neighborhood sometimes called the Muslim Quarter because of its ties to the Muslim and Malay communities. The Masjid Sultan mosque is the gorgeous jewel at the center of the neighborhood.

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Shutterstock

While traditional businesses — like textile, carpet, and religious shops — still exist, the neighborhood is seeing more and more art galleries, clothing boutiques, cafes, and other hallmarks of global hipsterdom.

Shutterstock
Shutterstock

By the time I left Singapore, I found that what I expected it to be — a cloistered metropolis of luxury shopping malls, casinos, and hotels — was light-years from the vibrant city I saw. While those elements are there, the real Singapore was accessible, colorful, and a ton of fun.

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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