Recently, Singapore toppled Tokyo as the world's costliest city, a result that surprised no one in Singapore. I mean with flats costing a million dollars and even the smallest new cars costing near to S$100,000, everyone saw it coming.
That haven't stop the
Singapore government from trying to downplay the "title" though. Chief among
them is Finance Minister Tharman Shanmugaratnam who said that the "title"
is mostly due to expatriates working in Singapore and the strengthening Singapore dollars for past 5
He has been roundly slammed for his comments and while not looking
forward to kicking someone who's down, I have to totally agree with the comments
against him. That is an insane comment
to make from a finance minister.
I mean does property price
change just because you are a foreigner? Does the COE prices changes due to your
nationality? Foreigners or Singaporeans, we all live in Singapore and there's no
difference in the price of your groceries just because you are a foreigner. If
there is, then Singapore really is in trouble!
That is because you are
admitting that there is a class system in the country. Prices for foreigners
are higher because they can pay, while prices for Singapore are lower because
they can't, You are saying Singaporeans are useless and not worth the high salaries
you pay foreigners. Is that really what the Singapore government think of
You can't say cost in
Singapore is high because "the basket of goods and services evaluated by
the EIU (Economist Intelligence Unit) included imported cheese, filet mignon,
"Burberry-type raincoats", the four best seats in a theatre and
three-course dinners for four in high-end restaurants." Is the Finance Minister saying Singaporeans
can't go to high-end restaurants to eat or to the theatre to watch a show?
said earlier, that is insane. Singapore is the world's costliest city. That's a
fact. The Singapore government need stop trying to find silly excuses for it and just
accept it. It's something everyone else in Singapore already does.