Living in Singapore

Singapore is a sunny, tropical island in Southeast Asia, off the southern tip of the Malay Peninsula.

Singapore is a city, a nation and a state. It is about 275 square miles, and has a population of about 5.6 million people from four major communities; Chinese (majority), Malay, Indian and Eurasian. Since its independence in 9 August 1965, the country has adopted a parliamentary democracy system. Singapore is known as a City in a Garden and nearly 50 percent of the island is green space. It is a thriving metropolis offering a world-class infrastructure, a fully integrated island-wide transport network, dynamic business environment, vibrant living spaces, and a rich culture largely influenced by the multicultural communities in Singapore with each offering different perspective of life in Singapore in terms of culture, religion, food, language and history.

Cost of Living

Singapore, a cosmopolitan city state without natural resources, imports many goods and services. Singapore's high cost of living is due to its small land area, which raises property prices, and excessive imports of essential goods. The city-state's commitment to high-quality public services, strong currency values, higher labour costs, and government policies to control traffic congestion all contribute to the costs. Due to its security, efficiency, and multiculturalism, Singapore remains a desirable destination despite these costs.
Note: International students without work passes or exemptions cannot work in Singapore to pay for their living expenses.

For an estimated breakdown on living expenses in Singapore, please see the pdf file here. These are estimates and may vary depending on personal preferences and circumstances.

Singapore at a Glance

Trade Financing Hub
One of the freest economies in the world and is also the largest commodities trading hub in Southeast Asia.
Low Tax Environment
Singapore has one of lowest tax in the world with personal income highest rate at 22% and corporate tax at 17% as of 2021.
Top Wealth Management Centre
Ranked as one of the world’s top global private banking and wealth management centre.
Top Innovative Environment
Singapore has consistently been ranked in the top spot as Asia-Pacific's most innovative nation in the Global Innovation Index.
Easy To Setup A Foreign Company
As the world’s easiest place to do business, it takes only about 6 working days to get a new business going in Singapore.
Robust Judicial System
Singapore has a robust legal and judicial framework that have anti-corruption laws and protection of Intellect Property Rights that are strictly legally enforced.
Lower Cost Of Living Than Other Top Cities
International student estimated living costs of US$8,000 per year and an average tuition fees for international undergraduates at about US$15,000 per year.
One Of Safest Country In The World
Singapore is world's 2nd safest city in 2019 EIU's Safe Cities Index and also ranked safest place to be in Covid-19 pandemic by 2020 Bloomberg Covid Resilience Ranking.

Information sources adapted from:Ministry of Foreign Affairs Singapore;;Monetary Authority of Singapore Competitiveness factsheet 2020;;;;;;