Singapore has been identified as the most expensive country in Southeast Asia, according to the latest report from ROSHI, a Singapore-based fintech company. The report highlights that Singapore’s cost of living index stands at 85.9, significantly higher than its regional counterparts1.
Cost of living
Key findings from the report include a substantial rise in property and rental costs. The average price of an HDB flat has reached $532,768, while private houses average $2,080,533. Rental costs have also surged, with the average monthly rent now around $2,6001.
Despite these high costs, the report notes that Singaporeans enjoy a high quality of life, supported by low crime rates, high employment, and excellent infrastructure.
Additionally, the Singapore government has introduced a $1.1 billion Cost-of-Living supportpackage to help citizens manage economic pressures1.
The report also provides a comparative analysis of living costs across Southeast Asia, with Indonesia having the lowest cost of living index at 31.21.