Overview

Singapore’s citizens are made up of Chinese, Malays, Indians, Eurasians and increasingly, people of other nationalities with their own cultural distinctiveness and strengths, yet we maintain good relations with each other. A full calendar of traditional festivals and holidays celebrated throughout the year adds to its cultural appeal. Though physically small, Singapore is an economic giant. It has been Southeast Asia’s most modern city for over a century. One of the safest countries in the world, if not the safest.

Read more: Visit our Covid-19 Update – Going to Singapore page for the latest news about moving or travelling there during the pandemic.

Weather + Climate

Singapore does not have clear-cut seasons like summer, spring, autumn and winter. The weather is warm and humid all year round. However, there are two main monsoon seasons in Singapore: Northeast Monsoon Season (December – March) and the Southwest Monsoon Season (June – September).

Average Temperature: 27.94°C (88.122°F)
Relative humidity: 83.9 percent

We Love

  • Racial Harmony
  • World class education
  • Great food
  • Convenient public transport that is accessible to people from all walks of life

We’re Not Fans of

  • Racial ignorance
  • Cost of Living
  • Cost of Cars

Cost of Living

S$7,850 for a family of four and S$4,603 a single person per month (as of 2021)

Cost of living in Singapore is high as it is more expensive than 90 per cent of countries in the world.

Tax Rates

Income Tax
For the residents of Singapore, the personal income tax rates generally escalate with the increase of pay, with a maximum of 22 percent. The income tax rate for every S$10,000 above S$20,000 is 2 percent, which increases to 3.50 percent for every next S$10,000 added above S$30,000 and so on. For more information, refer to the IRAS website

Goods + Services Tax
The GST rate for Singapore is 7 percent


Visa + Employment Passes

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Job Seeker Sites

JobsDB | JobsCentral | Monster Jobs | Jobstreet | LinkedIn | Glassdoor

For more information about finding work opportunities in Singapore, check out our article on Work in Singapore.

Word Permit Process For Foreigners

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Requirements are different for different types of permits eg. Company’s sealed sponsored applications (employment pass), declarative forms sponsored and stamped by the company (S pass), a copy of passport, educational documents, copy of resume of applicant, proof of residential address (in case of local residence) etc.

To apply, please visit WP Online to fill in the forms required.

Job Opportunities

Average Salary (as of April 2019): S$66,588 per annum

Most Popular Job Sectors
1. Finance
2. Banking fields
3. Shipping
4. Technology

To stand a better chance, do look out for networking opportunities with companies that you are interested in, check out some of the online job portals or professional and trade associations.

Visa and Citizenship

Types of visas are Employment Pass Scheme, Entrepreneur Pass (EntrePass) Scheme, Tech.Pass (for Tech Entrepreneurs), Personalised Employment Pass (PEP) Scheme, S Pass Scheme, Miscellaneous Work Pass Scheme, Dependent Pass Scheme, Permanent Residence Scheme for Work Pass Holders.

The requirements for said schemes are valid travel document (minimum validity of 6 months at the time of departure), confirmed onward or return tickets (if applicable), entry facilities – including visas to the next destination and sufficient funds to maintain yourself during your stay in Singapore.

For more information, you can check out our articles below:

  1. Types of Work Visas in Singapore 
  2. Common Questions about Work Visas in Singapore

Employment Permit

To be eligible to obtain an Employment Pass or S Pass, you must earn a minimum fixed monthly salary of S$6,000 or be sponsored by an established, Singapore-registered company. The types of Employment passes are Professionals, Managers, Managing Directors, Executives or Specialists. Educational qualifications and work experiences are required and they be considered by the Ministry of Manpower. Click here should you wish to apply for an employment pass and here to find out about each type of pass.

Update on Qualifying Salary (1 September 2020)

Employment Pass (EP)
From 1 September 2020, the minimum qualifying salary for an Employment Pass (EP) will be raised from S$3,900 to S$4,500 for new applications.

The salary criteria for older, more experienced candidates in their 40s will also be raised in tandem.

The new salary criteria will apply to renewal applications from 1 May 2021.

New EP applicants in the financial services sector will need to meet minimum salary criteria of at least S$5,000 from 1 December 2020.

S Pass
From 1 October 2020, the qualifying salary will be raised from S$2,400 to S$2,500 for new S Pass applications. The salary criteria for older, more experienced candidates will also be raised in tandem.

The new salary criteria will apply to renewal applications from 1 May 2021.

Tech.Pass (as of 12 November 2020)
The tech pass is the latest visa administered by the Singapore Economic Development Board. It allows established tech entrepreneurs, leaders or technical experts from around the world to come to Singapore to perform frontier and disruptive innovations.

However, to be eligible for the pass, you must satisfy any two of the following conditions:

  1. Have a last drawn fixed monthly salary (in the last 1 year) of at least S$20,000
  2. Have at least five cumulative years of experience in a leading role in a tech company with a valuation/market cap of at least US$500 million or at least US$30 million funding raised
  3. Have at least five cumulative years of experience in a leading role in the development of a tech product that has at least 100,000 monthly active users or at least US$100 million annual revenue


Housing

In Singapore, there are many different housing types, ranging from the basic HDB flats to executive condominiums and private houses. For foreigners, the most common type of housing chosen are executive condominiums. Read on more to find out more about the processes to renting and buying a house.

Housing Rental

Average housing rental per month for Singles (as of February 2020): S$700 – S$2,000 for Shared HDB flat or Condominium and
S$1,500 – S$4,500 for Studio Apartment or One-bedroom HDB/Condominium.

Procedures when renting a room or home in Singapore
When you have found a place you’d like to rent, you’ll go through the following process.

1) Making an offer
Once you and the landlord have decided on a rent amount that both of you are comfortable with, it’s time to make your offer.

It might be more convenient to do this verbally, but remember that if you’ve got nothing down in black and white, there’s nothing stopping the landlord from renting out the place to someone else with a better offer.

2) Sign a Letter of Intent
To lock down your offer, you might want to sign a Letter of Intent.

This letter indicates that you intend to sign a tenancy agreement with the landlord, and that he agrees not to continue searching for tenants.

You want to negotiate the conditions in your tenancy agreement at this stage (e.g. whether you are allowed visitors, whether you’re allowed to use the common areas, whether utilities are included, which repairs you’re responsible for).

It is likely you will be required to pay a good faith deposit together with the Letter of Intent. This is usually a month’s rent for year-long leases, or two months’ rent for 24 months. If you go on to rent the property, the good faith deposit will go towards your security deposit.

The security deposit is refundable when your lease lapses, although the landlord may retain some or all of it to repair damages you’ve caused to the property.

3) Sign the tenancy agreement
Once you’ve signed the tenancy agreement, you are officially renting the place.

But before you do so, make sure you read it thoroughly and negotiate on any points you’re not comfortable with. Note that the minimum lease term is officially 6 months for HDB property and 3 months for all other property, although some landlords flout the rules.

While you should already have negotiated as much as possible before signing the Letter of Intent, comb through the tenancy agreement to see if there’s anything you missed.

If you did not have to pay a good faith deposit, you will be required to pay your security deposit when you submit the signed tenancy agreement to the landlord.

4) Paying your rent
You’ll want to make sure you pay your rent on time every month, otherwise your landlord may not want to renew your contract when it ends.

Most landlords in Singapore prefer payment by bank transfer, but if you’d prefer to pay by cheque or in cash, discuss this with your landlord ahead of time.

Note that some landlords may not be residing in Singapore, in which case you will not be able to pay in cash.

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Buying Property

Average HDB Price (as of June 2020):

  • 3-room HDB flats – S$429,750
  • 4-room HDB flats – S$506,331
  • 5-room HDB flats – S$624,189
  • Executive flats – S$730,800

Average Condominium Price (as of June 2020):

  • 1-bed condo – S$1,025,386
  • 2-bed condo – S$1,463,473
  • 3-bed condo – S$1,947,870
  • 4-bed condo – S$3,101,784

Average Landed Property Price (as of June 2020):

  • Terraced House – S$3,168,077
  • Cluster House – S$3,366,667
  • Corner Terrace – S$4,488,000
  • Semi-Detached – S$4,728,125
  • Bungalow – S$9,566,667

The documents which you need to attach to buy a property in Singapore are:

1. Authorization Form
2. E-Application Form
3. Proof of Citizenship
4. Proof of Relationship and Marital Status
5. Proof of Income
6. Forms and Undertakings

The platform where you can buy property in Singapore are property/Real estate agencies like Propnex, ERA Realty, OrangeTee & Tie (JV), Huttons Asia, SLP Scotia and a lot more. Property purchase policy are really difficult in Singapore but very precise.

To buy a property, your income must be qualified enough. Now the polices are different for different sized flats. For example for 2-room flats, the income should not exceed more than S$2000 and for 3-bed room flat it should be around $3000. To buy 3-, 4- or 5-bed room flat, the income of the buyer should not exceed S$10000.

Apart from the income restrictions, there are few other polices for example the buyer must be a national citizen. The buyer must be above the age of 21. There is a family nucleus policy for the buyer as well.


Connectivity

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Internet Service Providers

Average Internet Bill (as of May 2021): S$45 per month

Internet providers with a 24-month programme costs are (as of August 2020):

  • Singtel (S$49.90)
  • MyRepublic (S$41.99)
  • ViewQuest (S$42.50)
  • M1 (S$39.90)
  • StarHub (S$45.90)

For installation important for the individual to be 18 years or older and have a NRIC card or work permit along with a proof of billing address.

Mobile Network Providers

Average Mobile Phone Bill: S$35 – S$100 per month

The four largest telcos in Singapore are Singtel, Starhub, M1 and Circles.life. For more information, please refer to their websites for their wide range of mobile plans.

Sim cards easily available at 7/11 stores and you can buy them by showing your passport.


Getting Around

The cost of a car in Singapore is generally higher than most countries, due to the additional cost of Certificate of Entitlement (COE).

Driving In Singapore

Once you are 18 years old you are allowed to drive but only after getting a proper driving license. To get a driving license in Singapore one needs to pass the Basic Theory Test (BTT). Once you are cleared in the test, you will need to get that national license exchanged with the local driving license through Traffic Police Driving Test Centres.

For individuals with foreign driving license, to convert your license, there are two steps to be taken.

1) Pass the Singapore Basic Theory Test (BTT)
To convert your overseas license, you will need to pass the Singapore BTT. Overseas theory test results are not admissible for consideration.

2) Apply for conversion
After you pass the BTT, you must apply for conversion at the Traffic Police Test Centre counter located in the driving centres in person. Please bring these items, where applicable:

  1. Original and a photocopy of your passport and NRIC/entry permit/employment pass/dependent pass/social visit pass/work permit
  2. Original and a photocopy of a valid foreign driving licence
  3. One recent matte passport-sized colour photograph of you with a white background, eyes looking straight and both ears and eyebrows visible in the photograph. There should be no headgear worn unless normally worn for religious purposes, and glasses worn should not be tinted;
  4. A processing fee of S$50 (payment by CashCard and NETS only)
  5. If your foreign driving licence is not in English, you must have one of these:
    • International driving permit; or
    • An official translation of your driving licence in English obtained from the relevant Embassy, High Commission, or any Singapore registered translation companies. (Translation is not required for licences issued by Brunei, Indonesia and Malaysia.)
  6. If your foreign driving licence does not have the 1st date of issue, you are required to obtain an extract of driving licence record from the Licensing Authority
  7. Foreign driving licence must be obtained prior to the issuance of your Work Pass/Dependant Pass/Student Pass, etc.
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Public Transport System

Average Public Transportation Cost (as of 2021): S$97 for monthly ticket

Bus Services
Use of bus service will be the most recreational way of exploring Singapore while travelling and yet economical too. Fare can be paid by EZ-link stored-value cards or Singapore tourist card.

Mass Rapid Transit
MRT tickets can be purchased for single visits at the time of visit but for frequent travellers special discounts are available through the EZ-link stored-value cards.

Taxi/ Ride Hailing
Taxis can be used for places which cannot be reached by bus and also provides benefits of a comfortable and personal ride. The fares may vary for different companies. However cabs are metered. For ride hailing services, the price is determined before the ride itself, however, it is subjected to ERP charges.

Taxi companies include Comfort Transportation, CityCab, Yellow top taxi etc.

Ride hailing companies include Grab, GoJek, Ryde.

For more information, you can check out our article on Transport in Singapore.


Relocation Essentials

Here’s a quick guide to relocation essentials like banking matters, education and healthcare.

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Banking

Despite there being many great banks in Singapore, these are the top few:

  • Developmental Bank of Singapore (DBS)
  • Post Office Savings Bank (POSB)
  • United Overseas Bank (UOB)
  • Oversea-Chinese Banking Corporation (OCBC)
  • Standard Chartered Bank

To apply for a bank account, you will need your passport; and your employment pass or study pass and may require a document to prove your address, a recommendation from your home bank and your home tax or national insurance number.

Comparing the different banks, POSB and DBS has the most Automated-Teller Machines (ATMs) around Singapore, making it the most convenient one. However, many complain that the queues for them were too long, resulting in them switching to OCBC or UOB. For OCBC, there may not be as many ATMs around the island, it is sufficiently convenient if you withdraw cash once per week.
If you were to choose one, we would suggest DBS or POSB if you need cash withdrawals often, if not OCBC could be another viable option. For more information, please refer to their websites.


Healthcare

Singapore’s healthcare programme was ranked the best in Asia by WHO in 2012. It has a highly organized system of defined private and public sector facilities. Both sectors include highly skilled professionals offering the best level of comfort and treatment,

Public sector
Government of Singapore has ensured the best health care staff with highly qualified doctors and appropriate infrastructure that sets a bench mark for all private sector hospitals. Fees for all kinds of treatment are subsidized by the higher authorities and are much less than the private sector. Facility centres include government hospitals, polyclinics and OPDs.

Private sector
Private health care centres provide excellent services on their own, there fees are quite high but they ensure minimum waiting time for patients along with good hygienic conditions and service level that mostly attract the medical tourists.

Individuals who are not Singaporean citizens can claim healthcare facilities if provided by the employer.

Some health insurance companies in Singapore are:

  • Bupa
  • KiwiSure
  • NTUC Income
  • InterGlobal

One should expect to pay S$1000 – S$1500 per annum to avail policies that cover medical expenses up to S$1 million per annum.

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Education

The most important key to success in today’s world and for an empowered mind is getting the best possible education as we all have heard of the phrase “Education is an investment in knowledge that pays the best interest”.

Preschool

In Singapore the average age to start preschool is 3 years or more where children can generally just play around and learn to move out of home into a friendly and comfortable school environment.These schools are run by charitable funds or have a very affordable structure for the fee. However this stage can be missed.

Primary School

Most children start school at the age of six from the primary school which is mandatory for all and is completely free of charge. The main subjects focused are English language and Mathematics. Rest of the subjects can be opted voluntarily according to interests. The duration of primary school is 6 years with 2 initial years of orientation.

Secondary School

Secondary school education lasts for 4 or 5 years and children pass by an end of secondary school exam. After this, there are two different options for further studies, the first one requires two to three years pre-university course while the second one takes you directly to a technical institute or polytechnic.

Institute of Technical Education (ITE)

ITE provides pre-employment training to secondary school graduates, and continuing education and training to working adults. ITE offers apprenticeships for the skilled trades and diplomas in vocational education for skilled technicians and workers in support roles in professions such as engineering, accountancy, business administration, nursing, medicine, architecture and law. ITE has three colleges that offer the National ITE Certificate (NITEC), Higher NITEC, Master NITEC and Diploma (Technical/Work-Learn) Programmes.

Polytechnic

One of the features of polytechnic education is the strong emphasis on practice-based learning. Work attachments with industry partners are part of the curriculum and can vary in duration from six weeks to six months or longer for selected courses. These work attachments will enable you to gain valuable on-the-job experience and provide you with opportunities to work with industry experts. The courses are normally completed within 3 years.

Junior College (JC)

After secondary school, junior college is an option for further studies, requiring two to three years time before taking GCE “A” levels examination. Students can opt to take Science, Arts or Hybrid streams for this time period. After the “A” levels examination, you can apply to the different universities.

International Baccalaureate (IB)

In Singapore, the IB diploma program is being offered by 24 schools. It is for students aged 16 – 19. After the program, you can apply to the different universities. It is recognized by 19 universities in Singapore.

University

There are six public universities in Singapore, they are:

  • The National University of Singapore
  • Nanyang Technological University
  • Singapore Management University
  • Singapore Institute of Technology
  • Singapore University of Technology and Design
  • Singapore University of Social Sciences

For more information, please check out our article Education In Singapore


All Things Singapore

Here are more facts and information we think it’d be useful for you!

Famous Things

  • Being super clean
  • Greenery amidst the city
  • Year round summer
  • Awesome airport and airline
  • Cheap and good street food
  • A collection of colloquial catchphrases and lingo influenced by Singapore’s multiculturalism

Fun Facts

  • Singapore has changed its timezone 6 times since 1905
  • You can find the national anthem in microtext on the back of the S$1000 note
  • Popular cable channel Cartoon Network initially thought Singapore was in Malaysia. It’s true, Singaporeans are often mistaken to be from Malaysia or China when travelling overseas

Dos and Don’ts

1. Chewing gum in public is almost illegal
2. Forgetting to flush in public washrooms can lead you to a fine of as much as S$150
3. Respect the locals of all cultural backgrounds
4. Do not litter
5. Singapore’s MRT has a strict policy for not eating on board, hence refrain
6. Smoking in many public places are illegal, so please check before you light up a cigarette

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Holidays

National Public Holidays include:

  • New Year’s Day
  • Chinese New Year
  • Good Friday
  • Labour Day
  • Vesak Day
  • Hari Raya Puasa
  • National Day
  • Hari Raya Haji
  • Deepavali
  • Christmas Day

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