A recent survey showed that Singaporeans are increasingly growing weary of the city-state’s extraordinarily high cost of living, with a small majority saying they would look at a cross-border living arrangement to escape the price pressures.
A recent poll indicated that a growing number of Singaporeans are open to relocating to Johor Bahru (JB) to escape the high cost of living in Singapore. The survey, conducted by answers.sg, asked 1,548 respondents if they would consider moving to JB in a bid to avoid Singapore’s high expenses. The results revealed that 55% of participants were in favour of relocating, while 45% were not.
Singapore’s status as one of the
most expensive cities globally is well-documented, and it’s no surprise that
some residents are exploring alternatives. While the ultra-wealthy, are largely
unaffected by the rising costs, many ordinary Singaporeans are increasingly
feeling the pressure. For some, relocating to JB while continuing to work in
Singapore offers a more affordable solution.
Source: https://en.wikipedia.org
Food prices also illustrate this disparity. For example, groceries in JB are 52.3% less expensive than in Singapore, and restaurant prices are nearly 60% lower. A McDonald’s meal in Singapore, which costs around S$10, would only be S$5.12 in JB. Similarly, a cappuccino priced at S$6.35 in Singapore costs just S$3.94 in JB.
The difference in basic goods is also noticeable. A 333-mL bottle of water costs S$0.56 in JB, compared to S$1.54 in Singapore. Similarly, a loaf of bread is S$1.13 in JB, whereas in Singapore, it costs S$2.86.
Numbeo’s data suggests that an individual would need about S$3,047.70 per month to maintain a lifestyle in JB that would cost S$12,000 in Singapore, including rent.
The creation of the Johor-Singapore Special Economic Zones and efforts being made to ease the pain of border crossing by residents of both countries should only increase the appeal of living in JB while working in Singapore in the future. Once the RTS is completed, this will become a feasible alternative for Singaporeans. In addition, both governments should implement another crossing from Johor to Changi, that will ease traffic buildup on the Causeway during weekends or long holidays. For Johor, all these developments will help in property prices, retail sales and more job opportunities. Hopefully, both governments could get the Johor-Singapore Special Economic Zone off the ground.
Reference:
Majority of
Singaporeans polled say they would consider moving to JB, Chad Merchant, ExpatGo.com, 17 September 2024
No comments:
Post a Comment