Singapore Got Crazy Rich. But at what Cost

– Contents of this video ----------------------------

Why Living in Singapore is Impossible - 00:00 - 03:50
Sewing the Seeds - 03:50 - 06:04
People as a Resource - 06:04 - 07:35
Nowhere to live - 07:35 - 10:29
Stressed Out - 10:29 - 14:44

[juanmiguel-]

If you retired get out of Singapore go overseas. Go somewhere where your money can take you a long way

[jarupongch]

As someone who works with a lot of Singaporean, what I have experience talking to them is saddening, I could sum up as that the country treats its people as employee not citizen.

[discoverglobeliving]

I visited Singapore once and was amazed by how clean and efficient everything was, but I can see why living there long-term might feel challenging with the high costs.

[eiqalshuai]

AGREE! Im a singaporean, just picture this A 90sqm house cost SGD 600K onwards on average. Some even cost 1 million. And its on a 99 year lease or lesser if u're not the 1st owner. So basically nobody "OWNS" a property in singapore unless u bought freehold. Groceries keep on rising every 3-4 months. Now most of the items cost 100% - 150 % more. Utility charges keep rising more than 1% every year. Literally everything just keeps rising every few mnths except our wages. If u were to say anything or post online against the government, u could face a heavy fine or jail term. For us locals, money can never be out of our mind until we die. Its a stressful place to live for locals.

[LoveDaGames]

As a Singaporean young adult in his late 20s living in Singapore, it is so difficult. I literally just quit my job due to the lack of work life balance. I really don't seee how i can own or even rent my own place, and feel like moving out to live somewhere more chill.

Unfortunately im not one of those elites nor come from a rich family, this video almost describe how i feel right now....

[NedJeffery]

>People are leaving!
>Housing is too expensive!

This sounds like a problem that solves itself.

[SathyaswamyS]

Hard truth: India is just seen a cheap labour destination and market for goods by developed countries. Not a superpower.

[androidguy-]

I'm from Singapore. Can attest to the fact that the lifestyle here is so expensive and the work culture / education system is very stressful

[pauls]

This is not just Singapore this is everywhere, Canada, Australia, America parts of Europe ... BlackStone and other trillion dollar investment companies are buying homes across the world and artificially increasing prices.

[unitedbrony]

the more expensive my kopi becomes, the less i want to work

[oOrbitZz]

I worked here. Meal is cheap compared to other 1st world countries. Breakfast kaya toast $2.2, lunch hawker mixed veg $4-5, dinner noodles $4-$5. If you home cook $50 a week would be a lot already. I rented 1 room on old hdb at $800. All depends on your lifestyle. If you go high end then yeah it very expensive. As for me overall expenses per month $1000-$1500. I stay low profile but I earn 5 digit. Rest goes to savings. I wanna retire younger.

[sleepyheadz]

I often ponder about the question of whether housing is a basic human right, or an earned privilege.

[ShaunSomerhalder]

It's a living hell unless you're really financially comfortable

[riptyurass]

The problem is that the government keeps trying to get rich people to move there, which drives up cost of living and competition for property, the average Singaporean won't see any of this money that the rich foreigners park there. The employment pass scheme encourages companies to only give the high-paying work to Expatriats while the locals are there just to fill the employment quota. Singaporeans are some of the hardest working and well educated people in Asia, yet labor rights don't really exist in written law nor is there a legally enforced minimum wage. The government knows there are going to be 'failures' that don't succeed under their system of governance. They just cast them aside because they aren't 'useful' to the modern economy.

[johnsirait]

Singapore is just for work, making money, and you can do it remotely everywhere.

[yingkittham]

Ironically, population in Singapore just crossed 6 million.

[ahmedadel]

why everybody is leaving everywhere, in Egypt the situations are economically catastrophic in the Gulf countries they started to get satisfied and no longer needing foreigners in the UK racism and high crime rates in Germany the same in USA high taxes in Canada high unemployment rates and taxes so where do you suggest living

[halian]

Everything is fine because Singapore's political leaders award themselves the highest salaries of any politician in the world, and tell ordinary Singaporeans that if not, no one as gifted and talented as they are will serve the country (which actually means they are in it for the money!). They then create a country that favours foreign imported talent, instead of nurturing Singapore's own people; favours businesses instead of employees (there is still no minimum wage), and shove the increasing cost of living in our throats while giving us pocket change just before elections. So, those of you who are from overseas, when you see all the praise for Singapore's economic miracle and such, remember that this is exactly the sort of marketing Singapore's political leaders want you to see - to attract your money and your blood here. This is why half the country is made up of foreigners while the core of Singaporeans continue to dwindle in numbers - the government is actively trying to replace the very Singaporeans that built this country with fresh immigrant talent for whom Singapore looks like a paradise - why bother spending time and money to nurture our own when you can just buy talent overnight?

[Anonymous_Lee]

No country is a perfect fit for everyone. If you have the ability, find one that best fits your desired lifestyle.
If housing prices are kept low, home owners will complain that their real estate "investments" are not appreciating in value. If education is not competitive, people will find it hard to compete with foreigners for jobs, then they will complain about unemployment. If car prices are low, more people will own cars and they will complain about traffic issues. If government changes every election, they will complain about instability. 🤦‍♂

[richardyasushiii]

God, Singapore is like Vancouver in terms of housing unaffordability, stressed work-force and income inequality.