Singapore Got Crazy Rich. But at what Cost

[@TheInvisibleHandCo]

Take back your personal data with Incogni! Use code INVISIBLEHAND at the link below and get 60% off an annual plan: incogni.com/invisiblehand

[@KamBar2020]

Never Say NEVER 😎 Justin Bieber

[@natico-w812]

Singapore -> money launderers, foreign talent, haolian toxic boastful population, very expensive houses, very high car tax, stressful environment but Singaporeans wont tell you that but will just boast that they are number 1, embedded in their toxic brainwashing education system

[@Hs5687]

Utter Rubbish…

[@RealitikDaily]

Singapore is by far the most racist place on Earth against anything that is not "Chinese race". They have the CMIO framework where the "Chinese race" get 85% of all visas. On accomodation they will mention "Chinese race owner" and they will ask "need to speak Chinese to liase with customers erc for jobs. They are extrimely racist and white are not welcomed. Furthermore, the real estate is a scam as money launderee buy empty property resulting in them costing 4 times what they should + leeshold have to give it back in 50years so 0 ownership. Cars 100k for a basic car that you need to destroy every 10 years. Sex workers everywhere banging their heels in condos amd hdb, 0 noise pollution rules and noise 24/7 from constructions and ktv workers banging their heels at night or the wahsing machine at 3am from one of those mannerless C... How the hell can you can you reccomend Singapore? If you are white and reading this, please save your life and skip tf of this racist sinocentric moneylaundering shithole!!

[@juanmiguel-557]

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

[@Victor-dx2ew]

Which country would you suggest for this?

[@goolooggg9005]

Retire to Malaysia right

[@haishhaihhh9137]

​@@goolooggg9005Do not cone to Malaysia. It is not that big a country. AFRICA, CHINA, america, rusia very big, very vast. Should go there.

[@haishhaihhh9137]

There are many big countries, vast land; AFRICA, CHINA, india, rusia, amerika. Do not go to Malaysia It is a small country.. China is very rich too.

[@ftheworlds]

Agreed. I'm Canadian and I can't retire here. It's messed up.

[@NedJeffery]

>People are leaving! >Housing is too expensive! This sounds like a problem that solves itself.

[@NedJeffery]

Rich, Affordable, Small. Pick 2.

[@sleepyheadz]

The poor cannot afford to leave, it is the middle class who can get out of the squeeze. And when the middle class is diluted, society is left with the ultra rich and the invisible poor.

[@jeny7177]

The foreigners leaving u mean? Locals are leaving mostly to stay n stretch their dollars outside sg. But renting out their sg house as passive income! This nobody highlight! Locals not leaving sg and work overseas cos sgd is still strong

[@AAAAAA-tj1nq]

​@@NedJefferyhousing bubble collapse incoming. Popcorn at the ready

[@Khannea]

Buh bye

[@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.

[@jakobmoiirers_jmoii]

also the governmant is very questionable. it is Not a free country. just read Wikipedia.

[@obrandondonaldson1208]

@@jakobmoiirers_jmoii Much more efficient government than most Western countries

[@HelloHello-ru8ee]

@@jakobmoiirers_jmoii no

[@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.

[@万恶共匪毒害中华]

The government rule the country like a corporation, profit is everything, citizens (more like employees) are disposable

[@SathyaswamyS]

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

[@0ptic0p22]

India is labourers with iphones

[@stormblessed2673]

Of course, the same was/is true for China. Even so, India can take advantage of the West's greed for cheap labour and become a superpower - just as China has over the last 50 years.

[@Xx-he9qe]

@@stormblessed2673manufacturing is not only about cheap labour. High value manufacturing requires skills which are absent in india.

[@stormblessed2673]

@@Xx-he9qe Sure, I agree with you. But it's not like China got into high value manufacturing overnight. Arguably there arn't even there yet, though they're certainly heading in that direction. It takes decades, yet now they are increasingly leading the EV industry. Similar with battery, solar panels, and critical mineral refinement. I'm not saying India will have high value manufacturing tomorrow, but in 20-30 years, who knows?

[@blazer9547]

West's greed😂. Greed is a human trait. Cope​@@stormblessed2673

[@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....

[@georgeinjapan6583]

Lie flat on stomach movement.

[@maryalawrence8387]

Hwaiting. Be strong you can do it

[@kagenlim5271]

mid 20s here, man this sucks to hear, I guess i must take my plans to live more seriously

[@SirGryflet]

In Sydney housing and rental prices are impossible. But at least there's some work/life balance.

[@andreandree4384]

Furthermore the island is invaded by the chinese china 😮. In a few decades the whole place will see the island being a part of china 😢 terrible terrible.

[@eiqalshuai9871]

100000% 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.

[@khanhhung8959]

Can you cite some source that say or post anything against the gov will lead to find or jail? Thanks

[@frankiefuentes4921]

"Nobody owns a property" is actually good for the poor and middle class families. Otherwise, over time, most of the properties will be owned by affluent families that simply hand over their properties to the next generation and hoard some more. Think about it. Letting anyone own properties indefinitely will be exacerbating inequality and transfer of wealth to already rich families will have greater impact. Having limits in owning properties put some kind of mini "reset" where every generation has to earn it rather than be handed over with it. And by the way, BTO properties can go as low as 150k to 200k. You will not find anything that cheap anywhere in the world with the same level of accessibility in an urbanized area. In other countries, you will have to outbid everyone else. With Singapore's BTO, you only pay the construction cost. Lucky you. Home ownership in Singapore is probably one of the highest in the world if not the highest. Until that's not case anymore, it's really hard to come up with proper criticism.

[@hetzerlee1019]

You are talking about the resale market. But, the BTO prices will soon be unaffordable if the resale market keeps going up.

[@sheedicd4350]

Wat LKY leaving for u guys All...???

[@jameslim3850]

The rich people in Singapore are the tycoons and PAP leaders and elites. The rest are just minions who have to work till old to survive.

[@pauls3075]

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.

[@satellite_is4994]

The different is our leader very delulu .

[@wnose]

Can non-Singaporean corporations buy HDB flats?

[@pauls3075]

@@wnose If you have enough money to bribe officials you can do anything, thats universal too.

[@hermanpardan6860]

U mean Blackrock rite lol

[@pauls3075]

@@hermanpardan6860 No you fool. Blackrock deals with financial assets. Blackstone is a spinoff focusing on commercial and residential property. It was separated to avoid regulatory restrictions. You tried to look clever ended up looking dumb to the whole of the internet. 😂😂 Can't spell, can't construct a sentence, your mom must be so proud.

[@androidguy-99103]

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

[@SASMADBRUV7]

Do you ever think that the work and education culture will change

[@natico-w812]

and its full of foreign talent and money launderers

[@Ealsante]

​@@natico-w812 I remember telling a foreign friend I had ICT, and he said to me, half jokingly, "I'm grateful to Singaporean men for putting their lives on the line to protect my assets." And that's the thing - I remained friends with him, because he wasn't even lying or being malicious. It's just the truth.

[@DavidHoughton17]

Lets hope Lawrence Wong though i am not too sure if the new BTO rules like mature non mature estate or single people first time buyers will make a difference. Anyway lets see how in the next election.

[@targasim3265]

@@Ealsantelol you talk you dont own anything in singapore. Its just a matter of who have more. You should be angry with capitalism. Its not singaporeans vs foreigner. Its more about rich vs poor.

[@unitedbrony5907]

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

[@maryalawrence8387]

😂😂😂

[@gohkairen2980]

my yakun set A now fking $6.3 already. cb eat lan sia

[@brandenburg2388]

Care to elaborate how the price of your coffee influences your desire to work?

[@jakobmoiirers_jmoii]

​@@brandenburg2388easy: why work if I can't even live from it.

[@spaideman7850]

Chinese tea( chinese teabag cost less than $0.10 each) is now $1.40 at run down non-aircond hawker. top up hot water $0.50 per cup...just plain hot water.

[@riptyurass302]

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.

[@John_Smith_86]

We tax these foreign riches. And the median Singaporean is very well off by global standards. As for the failures, true, let those Singaporeans suffer loh.

[@ethanf.6848]

Success or failure in life isn't defined by being a contender in a rat race, nor does the utopian deal exist in any market economy.

[@riptyurass302]

@@ethanf.6848 I agree entirely, but under Singapores government, if you’re a ‘failure’ you can’t even afford to live.

[@andreandree4384]

Agree. Gov has opened the door to the rich china folk. In a decade or so, SG might look like another region of China 😢..

[@bradtan78]

@@andreandree4384 First was Indo, then Hong Kongers, now China, tomorrow India. Just go with the flow. Complain so much for what. Typical Singaporean

[@ShaunSomerhalder]

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

[@meklavier4664]

Not for the local citizens, only for the expat. The public housing is highly subsidized by the government. It is the job of the government to take care of its citizen not the expat

[@ShaunSomerhalder]

@@meklavier4664 Expats lives in luxurious private condos and has high paying jobs, most citizens lives in low class HDB flats, earns 1/3th the expat and work long hours with little chance to get high position roles

[@ShaunSomerhalder]

@@meklavier4664 HDB FLATS IS LOW CLASS

[@KKohl]

It’s the same every where

[@Gattberserk]

@@meklavier4664 dont sprout rubbish if you dunno about HDB, I am leaving this godforsaken country becz the HDB are soaring to 1.2million USD for public housing. Not to mentioned subsidzed rate are for married couples. Single cannot buy HDB at a discount rate. Who the F can afford a 1million usd flat with single income?

[@fukunaga-kane]

Live fast, die young. Things will only stagnate from now on, like in Japan and Italy. Why not take a long-term approach. Instead of peaking within 60 years and then declining, why not commit to a 200-year strategy with a healthier, less stressful environment and more comfortable growth?

[@abellyold4859]

Capitalism and human ageing restrict those ideals.

[@SirGryflet]

Governments that go for short term economic gains are often seen as good economic managers by a misinformed populace.

[@bhaskars1987]

May be that's why West and developed nations hate India..

[@yingkittham9998]

Ironically, population in Singapore just crossed 6 million.

[@Drone_PilotSG]

I love Singapore. Was born here. I disagree that cost is unaffordable. Food is cheap and medical care is well taken care off.

[@CottageGurl]

Not all singaporeans feel like that..

[@leenathayil2039]

yup that is correct. Canada is now a tent city with homelessness amongst people has skyrocketed. Yes the cost of living as gone up in Singapore but not as bad as in Canada or New Zealand. Singapore is still much better. This video is misleading.

[@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.

[@jsnoob7069]

Some stalls sells nasi lemak for only $3. Heck, I think 1 meat + 1 veg is only 2.80 at a nearby hawker

[@fluffyunicorn-hp4x]

those two dollars meals at hawker is unheared of. unless you go to woodland or some really far away place, any meal under $10 the quality is very bad. Restaurant easily cost $50-$100 per person without alcohol. Car is unaffordable to 80% of the people

[@jsnoob7069]

@@fluffyunicorn-hp4x I have had delicious hawker Center food before. Cars are expensive to reduce congestion but the public transport is good enough.

[@jsnoob7069]

I do have to mention that kaya toasts range from $2-$3, and why do u bring up distance?

[@ahmedadel1630]

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

[@TheAdrianwaka]

Kenya

[@ihatebalrog]

Come to Latvia. Unless you want to marry your cousin. Then don't. That shit's illegal here.

[@Omer1996E.C]

Governments have followed wrong policies

[@stariyczedun]

@@ihatebalrog if there is something Latvians hate with passion, it is definitely immigration. Source: I live here as a migrant.

[@reverentlygrim2666]

Live on the moon

[@halian9256]

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?

[@andreandree4384]

Agree. Plus the gov opening PR for rich chinese china and mindset, in a decade or so, locals will be replaced by those people with high net worth. All locals will be working as gov employees 😅 servicing "foreigners "

[@bradtan78]

This has been the case since 2000. Old news. 24 years since the policies has been in place. The majority still voted for PAP. FYI Singapore was built by foreigners. We are a nation of Foreigners.

[@scottwebb4722]

@@andreandree4384 wow, Chinese discriminating against PRC Chinese?

[@patrickdelrue546]

Half the country is made up of foreigners ? what are you on about ? Where is your source for this ? You have none as this stat you quote is ridiculously exaggerated.

[@andreandree4384]

@@scottwebb4722 why not?. Lastly I am not Chinese 🤣.. So I can discriminate them, fine with me.

[@johnsirait4887]

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

[@sleepyheadz]

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

[@Amy-xk4ok]

even food is not a basic human right. Even if you're starving, you will not receive free meals. It is the compassion of the people that will feed you. But Singapore government is pragmatic.

[@8August1988]

@@IadoreU-Today: ‘Is conscription ethical? Andrew Chan Loves liberty, free markets and the US Constitution. Updated 7y “No. Conscription is involuntary servitude. It is forced labor. It is immoral. One does not owe military service to the state. All the benefits we get from the state is already paid for in taxes, nothing is free. Conscription is not the same as taxation. In conscription, one is forced to do a job that he/she does not agree with. In taxation, one still gets to do a job that one chooses, and only pay a percentage of one’s income as taxes (which is fair because the state provides benefits such as public schools, roads, etc.). The state however, does not have the right to force you to serve simply because you’ve received free education - that benefit you received is already paid for in taxes. People who support conscription are in fact supporting slavery. In the USA, the constitution (13th Amendment) forbids slavery and involuntary servitude. If you live in the USA and get drafted you can invoke the 13th Amendment in court. Of course, the Supreme Court of the United States has had its own interpretation of the 13th Amendment. It (the Supreme Court) ruled during the Vietnam War that the 13th Amendment does not apply to conscription since such duty is “owed” by the civilian to the state. That interpretation is wrong and hypocritical as nobody owes the state anything once they have paid their taxes (even in taxation citizens still have the right to scrutinize and alter how their tax money is spent). The notion that people owe something or anything to the state is preposterous. Any state that supports that notion is a kleptocracy. Involuntary servitude imposed by the state is still involuntary servitude. However, you may get a different response from some people who support conscription. They will use fallacies such as “you owe it to your state, because the state provides you with benefits” and “it’s a form of taxation”. These people have no idea that they are actually supporting a kleptocracy where the state steals from you. You have the right to your own life and limb and only you have the right to decide what you wish to work as without the state interfering and stealing from you. Conscription is also a form of communism/socialism as it is opposed to capitalism and a free market. Countries that claim to have capitalist values while supporting conscription are actually committing hypocrisy as conscription is essentially stealing from the individual to give to the collective. It is taking the autonomy, time, life and limb, of the individual and giving it to the collective. It is where you have no control over your own body and how you choose to use it because the state has conscripted it for the collective. People who are opposed to conscription are not only doing the moral thing, but are also enabling the free market to take its course in selecting only the best and motivated people for the army whist allowing those who do not want to be in the army to contribute to the economy (and war effort) in their own way.”’『終』

[@8August1988]

@@IadoreU-Today: N.B. “stealing” in this article.

[@Virginie-a]

Homeless in brussels l have worked +20years, have a Master degree, 3lingual,...mafiozi ruling everything here

[@ivancen5020]

easy. if u now are stateless and just happen to be deposited on some land mass, is housing a basic human right that falls from heaven? or do u at least need to put in some effort to build a proper house, the more effort, likelier a better house? Everything about survival is an earned privilege. even the rich kids had ancesters who somehow earned the privilege that benefited their kids. hope u stop pondering.

[@Raven236]

As a 40 year old Singaporean I agree. It's just that 60% of the population refuse to change government

[@RaiunHana]

Even if want to have a change govt also need a good opposition party lah. Most of the opp parties are a joke, only WP have some standard, but they really need to grow for them to really stand a chance.

[@lynx141]

You guys really need to freshen up the political climate. It is boring. Look at us Malaysians-the way we kick out our politicians.

[@TJsalt-lp6if]

@@RaiunHana Yeah I don’t think the opposition parties will be able to do better

[@strauss7151]

@@lynx141 What a child's mindset. Being boring and rich is better than being 'Fresh' and poor.

[@Anonymous_Lee19]

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. 🤦‍♂

[@MagichourManila]

Either way, KZbinrs will likely milk it. Damn if you do, damn if you don’t.

[@8August1988]

This is the reason why multiple citizenships/passports are so ubiquitous. Furthermore, காசிவிஸ்வநாதன் சண்முகம் - then the world’s highest paid foreign affairs minister - mentioned in New York City (NY) that Singapore is “a city, not a country”. That probably explains why the daddy-cum-paternal-uncle-SELLOUT DOCTOR ஜனில் ஆருஷா புதுச்சேரி does NOT have to know what the abbreviations “NSF” & “NSman/NSmen” stand (no pun intended) for.

[@8August1988]

@@MagichourManila: This is the reason why multiple citizenships/passports are so ubiquitous. I am sure you are aware the Philippines is amongst the most liberal for multiple citizenships/passports in a region which is (generally) reluctant or even outright hostile towards this. In addition, காசிவிஸ்வநாதன் சண்முகம் - then the world’s highest paid foreign affairs minister - mentioned in New York City (NY) that Singapore is “a city, not a country”. That probably explains why the daddy-cum-paternal-uncle-SELLOUT DOCTOR ஜனில் ஆருஷா புதுச்சேரி does NOT have to know what the abbreviations “NSF” & “NSman/NSmen” stand (no pun intended) for.

[@jovenserdenola1679]

People as usual will always complain no satisfaction at all.

[@boyar1978]

China is perfect for work and cambodia is perfect for retirement.

[@richardyasushiii3848]

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

[@ken61175]

Hardly... Vancouver's housing crisis is a lot worse than in Singapore. Esp given how public housing functions here. The amount of objections and restrictions on the building 'low cost' housing anywhere in Metro Vancouver or Greater Vancouver outstrips any NIMBY attitudes we have in Singapore.

[@lyesoonhoe2630]

Yes, costs are raising (no surprise, it’s same elsewhere). Still Singaporeans are better off than many in the region and the world. Housing, education, health , retirement are manageable and taken care of.

[@brp361]

I saw many very old people there working cleaning jobs etc. to make ends meet. There's a lot of rich but a lot of hidden poor and not much social security. It's a nice city but for me, it's the weather makes it unlivable. No seasons, just extreme heat and sun year round.

[@natico-w812]

the "rich" are imported money launderers (from scam syndicates etc)

[@gavinlew8273]

Yes, the heat is insane. It's what most Brits consider a "Heat Wave" year round!

[@natico-w812]

the "rich" are imported launderers, scam syndicates etc because the KYC due diligence is just very lax , they can't do stringent KYC or else all these foreigners will just go elsewhere like Dubai

[@riptyurass302]

The poor aunties that sell 20c tissues always breaks my heart. There's no such thing as a retirement age in Singapore :(

[@karenfendler2530]

I want to help you see things in a different light. In Singapore, there are a lot of elderly citizens that work because they can and want to. Not out of need to survive but out of a desire to stay active and useful. They see some of what you call menial jobs as a simple way to make extra fun pocket money. Most of them are illiterate or have little schooling during their lifetime,so these jobs are what they do. I can tell you from my own family situation that my mother (has since passed away)works as a cleaner at the University across the street where she lives at age 80 because she loves the respect she gets from the Professors and students there. It makes her feel useful. Our family is very comfortable financially. Not mega rich but across the board, all doing well. My mom has two daughters that live in the USA, one daughter that lives in Australia plus two sons and two daughters that live in Singapore. My mother would travel all over the world to visit all her kids/grandkids and great grandkids. Also goes on tours with friends all over Asia. My oldest sister also works as a cleaner in an office environment and she is 72. Same situation as my mom, she just doesn't want to sit around the house. In fact, we, the siblings are all traveling to Portugal and Spain for a family reunion in a few days. So, please don't assume that all people work out of the need to make ends. It's more of the 'work hard', stay active for as long as you can kind of mindset that drives a lot of the elderly people you see doing simple work.

[@Mack697]

Hallelujah!!! I’m the favorite, $60,000 every week! Now I can afford anything and also support the work of God and the church.

[@joanigw123]

This is what Dailey Carinn Stephanie does, she has changed my life.

[@joanigw123]

After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery Glory to God shalom.

[@PaulDamH]

As Lee Kuan Yew said himself, Singapore's success is primarily due to the invention of air-conditioning

[@natico-w812]

there is no success you dont haolian, only got open leg policy welcoming foreign talent and money launderers

[@SirGryflet]

@@natico-w812 Nothing wrong with foreign talent and a bit of diversity. Better than being close-minded and insular.

[@26183]

@@natico-w812 u serious ah?

[@TJsalt-lp6if]

@@natico-w812 wtf does that even mean 💀

[@KhanhDinh291]

@@TJsalt-lp6ifi guessing the vast wealth of Singapore mostly belongs to foreign entities. life looks good on paper but not for the average native Singaporeans

[@Human-le9nt]

Sounds like the UK! Except in the UK no social housing, a plenty of unbuilt privately owned land, failing infrastructure, declining foreign and domestic investment, low wages, lack of accessible public services like health care. Well, seems like increasing poverty and inequality are similar, and focus on financial services. So much for our Singapore-on-Thames.

[@XxAleMaxX]

Unfortunately, I agree with every line

[@Betweoxwitegan]

That's because we sold all of our social housing under Thatcher's neoliberal austerity and have been doing so ever since, the same goes for land and public corporations. We can solve most of these problems with competent, fast acting governance like enacting a 10% LVT, increasing CGT to 40%, increasing top rate income tax to 50%, decreasing bottom rate income tax, increasing VAT to 25%, simplifying and increasing the efficiency of our tax, legal and political structure, etc. A lot of the short term solutions are regressive, such as VAT but they work, in the long term we can decrease the regressivness of our system.

[@natico-w812]

RUBBISH

[@306316]

@@Betweoxwitegan Increasing top rate income tax is happening to the UK right now, and the richest people, who are the ones that have the means to, are leaving because of increasing taxes. Nobody, rich or poor likes seeing their money get taken by someone else. Cutting taxes across the board is always the best choice, as it attracts investment and stimulates growth, but governments really dislike doing so because it gives them less money to spend short term.

[@Lucas-wn5wm]

Lol sg government housing costs like 400k to 600k. 100 years lifespan. Thats 4k to 6k depreciation

[@joellim7010]

As a Singaporean, I must say this video is really accurate regarding the current state of Singapore. A lot of people have the impression that Singapore is a rich country but that is not true. It is only the government and the ministers that are rich. I wouldn't say that there is ZERO corruption, It is more like open corruption to show they are not hiding anything. I mean how is it possible that the US president earns way lesser than Singapore's prime minister but this is what is really happening in Singapore. Also, the people are indeed suffering. Living a normal life or owning a house or even a small car is practically impossible now. Mental health crisis and suicide rates are through the roof. The locals and foreigners are also planning to leave Singapore and retire elsewhere too.

[@michaelshih8163]

Your complaint about "transparent" corruption is brilliant. The fact that the ministers, including the prime minister, pay themselves millions of dollars a year is a form of corruption too. But since it is transparent corruption, no one is complaining about it. So silly. This form of corruption is more sinister than the under the table type.

[@rallicraze]

thank u for your reply. I was skeptical, but to hear it from a local seals the deal.

[@michaelshih8163]

Yes, the PM pays himself and other ministers millions of dollars a year so they don't need to be corrupt to be a multi-millionaire and brags about Singapore being corruption free. That is a laugh.

[@Vexterian]

Stop posting rubbish.

[@DarkwearGT]

@@rallicraze this local is a idiot. ignore his opinion

[@MagarethWoods]

Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.

[@NatalieDormer-or4jj]

Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

[@NatalieDormer-or4jj]

Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?

[@MagarethWoods]

Cryptocurrency/stock investment, but you will need a professional guide on that.

[@MagarethWoods]

Facebook 👇

[@MagarethWoods]

Evelyn C. Sanders

[@TazziedoesWT]

I'm a Caucasian student living in Singapore right now, prior to this I was growing up in India. I've experienced highs and lows in life, but SG has one of the worst societies I've been in. Point in case, the very apparent racism to people who don't look Chinese is extremely significant and the chip on their shoulders is massive. We as "foreigners" can not critique this country at all, I test this though, I make them critique, but as soon as I say the exact same words, being racially abused or your character being "assassinated" is inevitable, and this goes for the multi-generation Malay and Indian Singaporeans. Its common to find a "defeatist" attitude here as well. They believe "oh, we are an island, we cannot do anything about it". For example, a kilo of Australian beef is near 80 dollars. Singapore has a free trade agreement with Australia. Malaysia, which does not, sells the same beef for 45 SGD on average. Furthermore, the SG government only reclaims land for business purposes, not residential, which has led to the destruction of old neighborhoods. Any form of historical building is disregarded and demolished unless they are famous tourist attractions like Emerald Hill which has all but destroyed any sense of "soul" to the city, shared by residents who have been here 40, 50 even 60 years. In my case, My Grandmother was born here before The Fall to the Japanese. My great grandfather fought here during that same battle, so Singapore has always been significant to my family and that's why in 21 years I've been here over the past 15 years and there has been nothing but degradation. The Malay warmth that Singapore was known for has all but been pushed out when Covid begun and socialization is very difficult/ people do not like to talk, instead you'll commonly see couples on dates, on their phone the entire duration. Yes we have security and safety but at expense of major things needed for life, more than money (which is gone in a heartbeat when you walk outside). I'm appreciative of what Singapore has provided in some regards, but I guess I'll never understand the pure blindness and defeatism many share towards the countries state when the "Normal" Singaporean is priced out and having to leave in order to live. Needless to say LKY would be extremely furious with the direction the country has gone.

[@khanhhung8959]

Causian Indian!

[@TazziedoesWT]

@@khanhhung8959 I’m not Indian, hence why I said I’m caucasian.

[@gabrielchan4420]

Just saying GP is still $50 and not $1000 what you claimed.. 😅

[@TazziedoesWT]

@@gabrielchan4420 I’ve retracted that.

[@jamesbrown9721]

I've been to Kigali, Rwanda, and it really is the Singapore of Africa. Nothing short of impressive for that nation.

[@elfury7678]

As a third generation Singaporean Indian, I couldn’t take the stress of the work culture. I moved to Minnesota. Singapore is wonderful if you have the money.

[@zephyrkhambatta]

We were thinking of moving to Canada as well.

[@camel_102]

I’m from Hong Kong, moved to Canada, but seriously thinking about moving to Singapore tho. Been there once and I love it. The culture, the cleanliness, the people, the safety. Surprised to know the locals’ perspectives on Singapore.

[@jackchen801]

Honestly speaking, if you are financially well off, you can live almost anywhere. The problem that most locals has is, nowhere to run.

[@ltk7309]

What was your occupation in Singapore? And how was the migration process?

[@ltk7309]

@@zephyrkhambatta he moved to the United States, not Canada.

[@browncony3897]

Contrary to many comments here, living in Singapore can be quite affordable. As compared to US, Australia, Canada ... - Public transport (bus, mrt) is very cheap: about $1 per trip. - Food if you cook is fine. Not that expensive. If you eat out, it's not as expensive as US, Australia or Canada. $4-5 you can get a decent meal. - Housing is cheap for citizens and PRs: around $200k for a 50 sqm unit. Can be paid using CPF. - Medical is not cheap. But can be paid using Medisave. As long as one does not buy a car, it is fine. But of course, there are cheaper places. All neighbouring countries are cheaper. But the quality of living and safety are an issue.

[@TheManabopo]

Compared to the average wage. Cost of living is actually higher in surrounding countries

[@gohkairen2980]

but guess what? owning a car in other countries are far cheaper than our mrt and bus

[@browncony3897]

@@gohkairen2980 Which car cost $1? Lol

[@gohkairen2980]

@@browncony3897 yr mother over the entire lifespan of the car lah walao common sense pls

[@browncony3897]

@@gohkairen2980 Of course Sg car is expensive. We do not want congestion. Common sense please. Lol

[@nayanthidesilva8660]

This is the biggest difference I see between Japan and Singapore. Japan is also a high cost of living country. But they have more mental freedom than Singapore. There are many developed countries in the world. But none of these countries can compare with Japan.

[@chrisck3405]

you have only see the surface of the evil imperial.

[@Nazsanchez]

Maybe i shall disagree here. Compare to Japan working culture, Singapore is alot better. At least we get to go home. Even South Koreans dont have it any better. Its just the Asian working culture that the western world will never understand.

[@thatoneactualdude]

You're probably the type to be fangirling at niche animes and glaze Japan for their looks only.

[@thatoneactualdude]

Dawg Japanese people don't even rest in houses, they regularly sleep on subway trains and on the floor. Ever heard of nappa?

[@heavymetalrox268]

Look this video has basically described a 202X post-covid global crisis of living, BUT BIG difference in the US/AUS where if you grind it out, atleast you end up with land that BELONGS to your forever, a HOUSE. You literally cannot get that in Singapore, what's at the end of the tunnel, a $1 Million dollar shoebox apartment and a $200,000 toyota?

[@Ealsante]

Good video. And this doesn't even take into account the immense social and environmental costs that have been inflicted on Singaporeans in this pursuit for economic success. Singapore is like a miserable billionaire - someone who divorced his spouse, abandoned his kids and ceased all his hobbies and threw himself into work to build a billion dollar company, after which he then sits alone realising there is neither warmth, honesty nor enjoyment in his billion dollar life.

[@joshuakzy7472]

Could not have said it better. That analogy is SPOT ON. People are seduced by the promise of wealth, low taxes, business friendly etc. But it is a trap. Car and home costs a fortune. There is no space to live. There is no time to live. The water is not clean, the air is smoggy. Money is a currency, you are supposed to exchange it to get something of VALUE.

[@ashasandhiasingaram3900]

What a profound example.

[@ishaks8152]

That should be 👍 okay.

[@bradtan78]

You are correct. Its also strange that this phenomenon happening in Japan, South Korea, Taiwan, and Hong Kong. Most Singaporeans in a not so distant past envied these countries and wanted to go there to work ..... hmmmmmm

[@frankiefuentes4921]

Point taken. So tell us, what Singapore should have done differently? Because I couldn't think of any other ways of playing their cards. Limited land, no natural resources, what are you hoping Singapore could have done differently? I am genuinely curious. As much as I admire how Singapore have solved their problems, I am craving to know how else they could have played their cards differently with better outcome.

[@UlisesShah]

GDP per capita isn't everything, this is why.

[@natico-w812]

it can be easily artificially propped up

[@ishaks8152]

Must take into consideration purchasing power parity (ppp) too.

[@ilhamrj2599]

Of course, thats why we saw so many homeless and poors in LA and SF, despite having extremely high median income.😂 HK is another extreme example... US is however in better luck, because they can still relocate to cheaper Texas and Floriday which still employs same legal system. While singaporean does not have that comfort... they can relocate to Malaysia or Indonesia... but it is different legal system and corruption level too.😂😂

[@ApprovedGiveaway]

From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@FirstnationalBank-om4qc]

Wow that's awesome

[@FirstnationalBank-om4qc]

But I still love my mentor Sophia

[@xentrezselfifp]

I didn't become financially independent until I was in my late 40's and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, l've also achieved three out of five goals .I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet,you can start today no matter your age.Change your future by investing! I made a rather big decision by investing in financial market..

[@OnunuVictoria]

Investing in many source of income that are independent of government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Good assets and digital currencies are still good investment at this time.

[@AgeaisethMintcompany]

I didn't become financially independent until I was in my late 40's and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, l've also achieved three out of five goals .I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet,you can start today no matter your age.Change your future by investing! I made a rather big decision by investing in financial market..

[@sagepirotess6312]

I disagree, Singapore is cheaper than La, California. I teach globally, Seoul, Taipei, homg Kong, Singapore. I lived just fine. Living a high end, fashion, materialistic life and driving a car are expensive. Normal life with metro, normal, cheap lifestyle. Saved lots money. Built beachfront house in Vietnam.

[@k.vn.k]

“Just fine” 😊

[@imnotreal7922]

Yes! SG is the best country in the world ❤❤❤

[@sajahanvincerio2097]

with lots of taxes saved in SG. Other countries will burden you with taxes to save the low income.

[@siewmj1]

The difference is Singapore has no hinterland other than a psuedo one in Johor

[@protegelin]

​@@siewmj1since when after independence did we have a hinterland? In hind sight it is blessing in disguise not to have hinterland so that we are forced into excellence & succeeded thus far.

[@billang9033]

HI singaporeans. i see your comments and i would like to voice your comments a quick run down. 1. 80% live in HDB, in other countries govt housing is for the poor 2. 1% increase in GST = 20% increase in our lives 3. the civil servants are now driving the biggest cars and living in luxury, and these are NOT just the ministers, these are all his cronies that have NOT BEEN ELECTED but appointed by him 4. 65 years is long enough,. His spouse lose our CPF, say its less than 0.01% of our reserve. WOW...... 5. Keep brainwashing us that our opposition is NOT tested, here i say, we tested you, and we should test others

[@tokroni]

like living in a birdcage. No space. Crowded. Die also no graveyard. Pity them

[@paulkhoo3537]

Just a lot of spin. I have lived for extended periods of time in Malaysia, UK, Singapore and Australia. I would like to live in Malaysia but despite lots of resources, its system of racial preference means that if you are not the preferred your opportunities are limited. UK and Australia sound good but the taxation regime means you are unlikely to build wealth. Singapore is very competitive environment but If you have ability you can build wealth quickly. That does not mean that those who are less competitive don't have the basic needs. Public housing, public transport, public education and public health are all very good. They are much better than the services found in other developed countries. It is not possible to please everyone. Those who are unable or unwilling to compete should not try to achieve the living standard of those who can. They still have a better living standard than those who are outside the top tier in other countries.

[@nicktw8688]

Don't think the video is disproving that. However....the trend is your friend, and ultimately no great city or city-state thrives without a middle class. It's also the reason why people are moving out of New York City and headed to Miami (or elsewhere). Even Dubai (a proto-Singapore) is suffering the limits of pure capitalism without associated democratic values (such as fostering a middle class and workers rights). Dubai is freak'n expensive! Even for the moderately rich.

[@gabillionaire]

don’t blame the racial preference thing la, it’s a disadvantage but not an obstacle

[@paulkhoo3537]

@@gabillionaire I know that it is not an obstacle and many un preferred are very successful. Which poses the question why disadvantage the un preferred?

[@gabillionaire]

@@paulkhoo3537 It is the characteristic of this land, and tbh it's not really bad like apartheid bad, you just gotta know your way around the system. And also, everywhere you go, you'll face some sort of disadvantage. Learn the game, not running away from it.

[@patrickdelrue546]

This video is a lot of BS... the people leaving Singapore are actually the expats who find it more and more expensive. Locals who don't earn a lot cannot leave... where would they go ? And rich Singaporeans have no incentive to leave at all. I get a feeling the person(s) who wrote this video have never lived in Singapore... or not recently at least.

[@jsim5933]

The increase in public housing prices was caused by the provider: HDB. Look at the historical increase in prices. It's not just the demands as they like to attribute it to.

[@ZacharyAlexanderGoh]

The government of Singapore is rather vindictive towards Singaporeans who leave. Dual citizenship is not permitted and good luck trying to work in Singapore if you ever renounce your citizenship. Sometimes, they call out Singaporeans for leaving Singapore during hard times. The irony is Singapore is comprised primarily of Chinese who historically left China due to economic challenges in their ancestral homeland in different waves. Life is also borderline pointless for the vast majority, homes are basically identical Lego blocks and having children is beyond the majority of many minds, yet for those who want to have children through surrogacy cannot do so, and one can only access they’re frozen eggs if they are heterosexually married, with gay couples not being allowed to adopt either, yet subsidised homes are given to heterosexually engaged couples who don’t need to have children, but are justified as having priority since they’re “likely” to have children. The policy failure is frustrating because it’s purely vindictive and ideological, but I suppose when you have an ex minister of social and family development having to leave due to adultery but during his time as MSF deciding to refuse to expand familial benefits to single mothers (with the justification that such a lifestyle is not to be encouraged), the nonsensical changes to the National exams which really are just complicated rebranding, and the extreme control the government has everywhere, even in the apparently autonomous NUS, it thus becomes no surprise why educated and qualified Singaporeans wish to leave. It’s either you work in Singapore for a while then migrate or you just immediately leave for a growing number of us, me included. People used to say migrating makes you a second-class citizen, but it’s becoming increasingly the case that being a first class citizen in Singapore is worse than being a second class citizen in other first world nations.

[@nawwk79]

Not happy then leave, complain so much for what? 🙄

[@pervertt]

Well said. As an Australian, I know a few families who have left Singapore to set up roots in this country. All are well qualified professionals with well paid jobs, and all appear to have integrated well into Australian society. It is not clear to me why they left, but I have no doubt that these families represent an outflow of talent that Any country can ill afford to lose.

[@haziq4536]

I saw a video showing an article from long ago that the SG government once used a tactic to sterilized poor class people from having children and then promote to the richer class to have children. LKY may be a good leader with a strong backbone but this is disturbing.

[@Technosux]

Many Singaporeans who migrate actually just get a Western country's PR and use SG's passport to travel and SG citizenship as a back-up plan.

[@riptyurass302]

@@Technosux Or they just get foreign citizenship and don't tell. Look up Victoria state's data about Melbourne-Singaporeans, 49% of them have Australian citizenship, and I guarantee you the majority of them didn't renounce.

[@ExposeStudioID]

The wealth of a country (based only on its GDP) is not equal to the happiness of its citizens. What is the point of a country trying to achieve wealth if its citizens cannot afford it and are stressed?

[@Fak_It]

The kiasu culture in Singapore was precisely the reason why I left the country and am extremely unwilling to go back even for a brief visit, recreational or otherwise. Being forced to constantly see others as competition made me depressed and borderline suicidal and not receiving a shred of compassion from those tasked with looking out for me made my condition worse to the point where I couldn't even perform at the basic level.

[@quentinchua84000]

Wrong fact. - The sole national language of Singapore is Malay, as enshrined constitutionally. - Singapore recognises English, Malay, Mandarin and Tamil as its four official languages. - Of the four official languages, English is the predominant working language in many daily aspects of the Singaporean life.

[@shin-eisato5788]

it is good to see more Singaporean seek overseas life. It will make the nation stronger, not only rely on foreign talents. Those will not choose Singapore too, if the cost of living continues to be excessively high and less attractive for a place to settle down..

[@katenderu1758]

I am currently researching studying in Singapore. This was so helpful

[@s.7980]

Cars are not a necessity but a luxury because singapore has a excellent public transportation system.

[@sleepyheadz]

The excellent public system caters to the majority and hence cars are a luxury for most, but a necessity for some whose needs cannot be met by the public system. Families with elderlies and children with atypical needs will struggle with the public system. There are still many locations that public taxis are scarce and bookings frequently get cancelled. If it is truly seamless and efficient, senior public civil servants would not have owned cars themselves. It is easily observable that there is a two class system.

[@yeetboi268]

with how small the country is, its nothing special

[@GordoGambler]

You can ride a bicycle around the whole island in one day. LOL I would take Chengdu over SG any day.

[@TheManabopo]

Funny thing is… the purchasing power of people who work and live in Singapore is higher than most asean countries. Food is relatively cheap here compared to neighbouring countries if you work in the respective countries.

[@ViolentCabbage-ym7ko]

That's not true. Wages have long been stagnant in Singapore. People are still earning $2k-$3k per month since the 90s.

[@daniel1233]

@@ViolentCabbage-ym7ko If you're still earning $2k-$3k after 3 years of working you need to pick up new skills and change industries. Diploma graduates are earning $2,500 at 20 years old, no excuses for falling behind

[@TheManabopo]

@@ViolentCabbage-ym7ko likewise, if you were to see Malaysian salary, it has been stagnant and their inflation is worse than ours

[@ViolentCabbage-ym7ko]

@@TheManabopo Malaysians have the option to work in Singapore and bring back 3 times the pay and spend it in Johor. Singaporeans earn in SGD but spend their money here in Singapore, that's the difference. Also, Malaysia's inflation rate is only 2.79% where else Singapore's inflation is slightly higher at 2.98% from 4.82% in 2023. So, I don't know what you are talking about when you say their inflation is higher.

[@TheManabopo]

@@ViolentCabbage-ym7ko that’s not the point. I’m talking about working in Malaysia, earning RM and living in Malaysia.

[@steventay5834]

We won't die of hunger in Singapore. Can drive Grab, be a security guard or a cleaner

[@lesteryoutube9501]

And also a useless keyboard warrior like u

[@zephyrkhambatta]

That's very true. I told my wife that if you're a Citizen... you won't starve. Just get ready to do whatever job to continue living. Then ok liao.

[@jeny7177]

As Long as one is able to and willing to work even in their 60s !!

[@bhaskars1987]

In such case, you can get free food and live in India doing basically nothing...😅

[@steventay5834]

@@bhaskars1987 India safe or not?

[@uyauabing]

There used to be a saying that the only way to spark a revolution in Singapore is by raising the price of Chicken Rice by 1 SGD.

[@robwelsby5196]

Yes cost of living and property affordability is a concern, but you are confusing private property prices and rents (which are up with global highs) with HDB flat prices which are subsidised and where (as you say) 80% of people live

[@sleepyheadz]

Subsidies and what that means is another contentious topic as soon as HDB start pegging their inflated land cost assessment and opportunity costs to private developments. It's like selling a piece of drawing paper. The paper is not sold at it's actual cost value but influenced by how someone could have used the paper to make rare origami art and hence costs much more.

[@teohontech7141]

For those who did not buy their property before COVID are unfortunately made worse off because property inflation during COVID years is close to 25%. Pretty sure the salary for people did not rise 25% for those years. "In Singapore, the price of private residential properties increased by 10.6% in 2021 and 8.6% in 2022. In 2023, the price of private residential properties increased by 6.7%"

[@John_Smith_86]

As a Singaporean, this negative video is generally accurate, although not exactly that negative. But the pause in construction of public housing during COVID is a once-off event, and supply has already partially caught up and will resolve soon. As for the population, the massive influx of high-earning migrants more than offset the low birth rate.

[@Ggdivhjkjl]

Singapore was expelled from Malaysia, which still keeps a stripe on its flag that represents the island.

[@lynx141]

Interesting. Did not know about this.

[@ペトロージョセフリオ]

7:09 "Sngapore's Polulation" tells you everything you need to know about this video's production quality.

[@DayrusBPB]

Yo wtfrenchfires spelling error is this 🤣Amateurs...

[@SuperValue350]

It's an AI generated video by an AI generated channel. KZbin is full of these lately.

[@abdulkarimyusoff2530]

Its a bravado to say we have developed and achieved so much when ordinary citizens have to slog hard to pay the bills and reduced your retirement savings by buying HDB flats....

[@soonny002]

Singapore is not perfect, and its problems are not unique. Unfortunately, being kiasu is the price for being a prosperous and highly productive nation with no natural resources. Singapore is not a place to retire, but it is great for the young and ambitious!

[@raoplns]

Certainly good for kids...but for young and ambitious, better find another place...such a small market to fulfill one's ambitions

[@zemry-mh4sq]

🟢ATTENTION 🟢Singapore is a mirror image to Sri Lanka with hard working indian ( ASIAN ) population, small little island , but only 1 different. ......That , Singapore has its natural asset - its natural geographic maritime location but Sri Lanka don't ...... ...The key reason for Singapore's remarkable prosperity and economic success is its strategic geographic location as a major global shipping hub. Being situated at the heart of important maritime trade routes between Asia and the rest of the world has allowed Singapore to capture immense economic benefits from the trillions of dollars in maritime commerce passing through its waters. In contrast, a country like Sri Lanka, despite its own geographic advantages, has not been able to achieve the same level of economic development and wealth because it does not occupy a similarly critical position in major global shipping lanes. The implication is that Singapore's prosperity is heavily dependent on its inherent geographic advantages, rather than solely on its people or the leadership of its government alone.( its overhyped to think otherwise ) . Without the geographic the scenario would be different) IF Singapore were somehow relocated to a less strategically important location, like Sri Lanka, it would likely struggle to maintain its current economic success and status. Conversely, if Sri Lanka were able to replicate Singapore's geographic advantages, for example by developing a major shipping canal or land bridge, it could potentially transform its economic fortunes in a similar way. In essence, Singapore's remarkable prosperity is fundamentally rooted in its privileged geographic position as a global maritime hub, more so than any other intrinsic factors.shallow. In fact, Singapore's strategic geographic maritime location is the **major natural asset** that has created trillions of dollars in revenue over the last century. Without this natural asset, Lee Kuan Yew would be unheard of like Sri Lankan Prime Minister and today's Singapore may not have been possible, and may have ended up in a dismal state like its mirror image, Sri Lanka. Singapore is a mirror image to Sri Lanka with hard working indian population, small little island , but only 1 different. ......That , Singapore has its natural asset - its natural geographic maritime location but Sri Lanka don't ...... ...The key reason for Singapore's remarkable prosperity and economic success is its strategic geographic location as a major global shipping hub. Being situated at the heart of important maritime trade routes between Asia and the rest of the world has allowed Singapore to capture immense economic benefits from the trillions of dollars in maritime commerce passing through its waters. In contrast, a country like Sri Lanka, despite its own geographic advantages, has not been able to achieve the same level of economic development and wealth because it does not occupy a similarly critical position in major global shipping lanes. The implication is that Singapore's prosperity is heavily dependent on its inherent geographic advantages, rather than solely on the capabilities of its people or the leadership of its government. If Singapore were somehow relocated to a less strategically important location, like Sri Lanka, it would likely struggle to maintain its current economic success and status. Conversely, if Sri Lanka were able to replicate Singapore's geographic advantages, for example by developing a major shipping canal or land bridge, it could potentially transform its economic fortunes in a similar way. In essence, Singapore's remarkable prosperity is fundamentally rooted in its privileged geographic position as a global maritime hub, more so than any other intrinsic factors.shallow. In fact, Singapore's strategic geographic maritime location is the **major natural asset** that has created trillions of dollars in revenue over the last century. Without this natural asset, Lee Kuan Yew would be unheard of like Sri Lankan Prime Minister and today's Singapore may not have been possible, and may have ended up in a dismal state like its mirror image, Sri Lanka.

[@zemry-mh4sq]

🟢OVERHYPED

[@zemry-mh4sq]

Nothing to be special about .

[@WitherWinter]

@@zemry-mh4sqsomeone’s jealous.

[@sunshineglow5579]

Ooh Well----What goes Up,Must,Come Down!!! That is where Economics Meets Physics!!!

[@billybobobenner]

The title of your video "Why Living in Singapore is Impossible" is erroneous, as it is not impossible to live there. The thumbnail "Everyone's leaving Singapore" is also erroneous as everyone isn't leaving Singapore. If you are going to share serious videos then I suggest you stop with the clickbait tiles and descriptions.

[@Rannoch836]

You don't understand hyperbole

[@georgeanddaddecker7563]

I lived in Singapore when it was affordable. My father worked for GE and they provided our house. It was a 4000 sq ft marble house. Beautiful. We had Mercedes before COE came into the picture. Miss those times.

[@HLQY2023]

Not to forget that you can only buy public housing if you are married. And no, gay couples cannot get married to buy public housing. This shiny city gets worse every year.

[@ken61175]

🤦‍♂ Lets be clear, what you are referring to is public housing directly from the government. Any citizen/PR can buy from the open market if they so wish and can afford it. But that is not to say that you have to be married to do so. If you are 30 or above you can purchase from the government, of you can jointly purchase a flat with either of your parents, child or sibling - none of whom you need to be married to.

[@srincriveloficial]

Actually, in my opinion, it totally depends on the point of view. There are people who say they left Singapore and are happy, others say they left and then came back, you know, so it depends on each person's experience of the country, just as there are people, for example, who say that Australia is a clean, safe, beautiful country, others will say that it is a poorly maintained country, with a lot of violence, in short. There are people who say that Singapore is a great country to live in, with a good salary, public transport, that the people are welcoming, etc. But others will say that the people are racist, that the salary is not enough to survive, that there is no balance between personal and professional life (it just shouldn't be worse than Japan, I imagine, due to black companies), anyway. It all depends on experience and perspective.

[@wtIUpITp1E0wMsydV19c0FUmIXvCU]

So happy with this video. More people leaving Singapore, more space for me

[@kognitivescientist]

Ha, dream: all space will be packed with more Malaysians immediately!

[@万恶共匪毒害中华]

So naive. Government wants to further increase the population, more Chinese are coming China. Incoming will always be greater than outgoing

[@YeetFairy]

I went through the Normal Technical stream, and those were some challenging times, especially back in the 2000s when discrimination was prevalent. I had to take the long route to get back on track, its like climbing a mountain of continental wire. Many might lose hope about succeeding later in life once they enter NT, but it takes strong willpower to rise above it. Tbh, there is nothing wrong with most of the lower streams, alot of them are hardworkers in their own way, based on observaion working with them for a decade with interns and those fresh out of schools. SG Education really putting the kids in the stressful spotlight. Housing, i just got my keys 93sqm SGD$345k, renovation is already more then SGD$70k not inclusive appliances. RIP 💀

[@bhrdwja]

1. They don't allow settlement or grand citizenship. 2. There is a racial percentage of settlement allocation. 3. Housing and racial segregation of people. 4. It's more authoritarian democracy. 5. Weird rules and regulations.

[@RC94332]

but yet the cleanest and safest place I ever visited... There is a price for everything.

[@bhrdwja]

@@RC94332 yes if you like cleanest and safest place but leave everything else, then go for it. It's personal preferences.

[@RC94332]

@@bhrdwja well I’d rather have clean and safe than dirty and dangerous. It is what it is. I’d rather not walk down the street and see a bunch of drug addicts, homeless people, gang members. I’d rather actually be able to use public transportation safely and not look over my shoulder every 30 ft. I get that it’s expensive but this isn’t a unique situation to Singapore. All major cities around the world are facing this problem, especially in the west where cities are collapsing but yet it’s still ridiculously expensive. I’ll take clean, safe, “authoritarian” Singapore any day

[@bhrdwja]

@@RC94332 exactly, you want this and the others want something else. So personally, Singapore is a shit.

[@honfmeilingfleet957]

my Mom told me Singapore is not good place to be Resident only good to become a Tourist

[@aungmyintoo4635]

Become tourist finish off touring Spore in one day, thanks no thanks!

[@habbakukshen7183]

I think its all perspective People are living beyond their means and allowing compound interest work against them We are ungrateful for the security we have and look at the other countries as better then ours.

[@kelvin.008]

Many live beyond their means, want to stay in private homes, and own nice cars, which is easily attainable with relaxed mortgage guidelines and buying cars with zero down-payment. The government must introduce mortgage servicing ratio for private properties just like those for public houses and to stop the zero down-payment for car buying. Singapore probably has the highest retail space per capita in the world and with a small market size and high rentals most businesses cannot cope, but with many dreamers who want to make it in retail and F&B, the landlords have no problem finding tenants regardless of the high rental rate. To live simply in Singapore is not expensive at all.

[@haroldsandiego9975]

We are currently in a severe global economic downturn and every country is trying to survive.

[@harukrentz435]

Yeah all thanks to dementia man i white house.

[@gavinlew8273]

Nope, people are still spending and eating out in restaurants every weekend.

[@waisinglee1509]

Downturn? LOL!!! No way.

[@306316]

We're lucky it hasn't hit us as hard, but there are small signs everywhere. The China divestment/boycott from the west meant lots of extra cheap stuff being dumped into SEA, even as our neighbours are setting up their manufacturing. Our currency remained relatively strong, so as an everything importer we're riding it out high. And unlike the rest of SEA, we don't have much domestic manufacturing that would get killed by this competition unlike in Indonesia, Malaysia and Thailand.

[@haziq4536]

@@306316 Not true. There is a thing called a "Segi Tiga" or something like that where Malaysia, Singapore and Indonesia within the region will share resources and help each other out. It's like an EU. So, if that happens, which most likely would, Singapore will survive.

[@TheDrumdude21]

malay is still the national language of singapore. english was adopted as the official working language.

[@dlmhdlmh]

Too poor to live in Singapore and yet able to uproot themselves to emigrate?

[@Nazsanchez]

Just to touch on that the National Language of Singapore was never English. We still sing our national anthem in Malay so our National language is still Malay. Its just that we were all taught from young to learn both English and our mother's tongue.

[@shopkedai]

Earn money in Singaore, live and spend money in Malaysia and relax in Indonesia.

[@aungmyintoo4635]

..partying in Thailand..but it is more fun in Philippines! 😊

[@seanabreu6258]

I've been living in Singapore for 8 years now and I really repsect what they have done. This country has so much opportunity and I love that it rewards hard work. In Australia, where I'm from, they punish you with extreme taxes if you feel motivated to work harder. I honestly feel the only people who would complain about Singapores economic situation are people who want hand outs. If you want hand outs, it's much better to move to Australia or UK. But for me, I love being rewarded for hard work. I hope one day they will give me PR. It's a beautiful and safe country. The only thing I don't like about it is the lack of creative thinking and sterile environment with no artistic culture. But that's nothing a holiday can't fix. Also, I love that the Politicians are the highest paid. That's why there isn't as much corruption in Singapore as there is across the world. Singapore has no Dividend Income Tax and no CGT. They also have very low income tax. Meanwhile the government here provides more return than Australia where they tax you up to 47%. Singaporeans that complain merely have no idea how lucky they are. The sky is the limit in this country.

[@liamporter1137]

Streaming in Singapore education is a damaging scheme and failure.

[@hi_kl__o_]

English is not the national language of Singapore, Malay is. But English is the working language and taught as the first language in schools

[@yaznoor6627]

Singaporean owe a lot to live in Singapore. Always change a new car every 5 year because Singapore Government Policy are not allow use a car more than 6 or 10 year. Loan with bank will not finish until they died because for luxurious life.

[@bambangl]

BS. You can keep your car forever as long as you renew the COE every 10 years. People change car every 5 years because they want to and can afford spending 100k-200k$ for it. And the complain why everything expensive. Then buying a 2m$ private property and then complain why everything expensive. And keep living in their highly subsidised HDB and earn a huge passive income from rent. And the complain why GST went up. Oh yes what a miserable life... 😂

[@yaznoor6627]

@@bambangl 😊😊 But how about the Singaporean if they just get a lower income & just ordinary lifestyle in Singapore?? Maybe they just work in factory not in high level position?? Not all Singaporean can earn a so much salary & income. Cost of living in Singapore are quite high & not suitable for the Singaporean who just get a lower income & maybe to the middle income also. Stress live in Singapore because quite expensive lifestyle actually.

[@Fils_story]

The cost of living there is crazy, especially compared to other Asian countries.

[@gavinlew8273]

Singapore suffers from extreme UHI effect. The night time heat is getting worse.

[@cheekeongng3351]

Singapore's national language is Malay, not English.

[@TanAle-p9w]

The kiasu culture came mainly from the chinese race which forms the majority in Singapore. the indians,malays and other races are not so kiasu as them.

[@TemplarLove]

So true!

[@blazer9547]

The Chinese made Singapore. Indians have no contribution

[@roccatx1509]

As a Chinese Singaporean, as much as I want to deny, I have to agree what you said is true. It is due to toxic ego Chinese culture of "face". Parents will want to boast about their child to others about how well they are doing academically or what are their jobs etc. Respect is directly related to status.

[@TemplarLove]

@@roccatx1509 as a Singaporean Chinese, your comment is 💯 facts.

[@Userr-Chen-Chen]

@@roccatx1509are you saying the Melayu and Indian are not as kiasu and boasting ? 🤣 . Don’t lie as you don’t know enough of the Melayu and Indian. Many who claimed they are Chinese like you are fake. 🤣

[@do-not-covet]

Maybe Singapore will become like Monaco. Invite more billionaires and new jobs are created serving rich foreigner's personal needs. The rich might provide opportunities for more personal assitants to fun their errands.

[@rizqdanniel824]

Housing problem clearly can be solve..build higher..what SG have now is not much high..SG dont have land but have space upwards..utilise it to max..as you can see the housing is lowered and not much can supply the demand

[@John_Smith_86]

The pause in our construction of public housing during COVID is a once-off event, and supply has already partially caught up and will resolve soon.

[@aungmyintoo4635]

Singapore cannot build higher due to airspace constriction, aeroplane landing is dangerous for tiny Spore if build higher building. No wonder KL build airport faraway from the city.

[@rizqdanniel824]

@@John_Smith_86 rite..catching up the pace..is good recovery

[@rizqdanniel824]

@@aungmyintoo4635 this is because msia have plenty of available/vacant land..who said Singapore can’t built high..the max is 280m is allowed..just do that

[@stephenlim2852]

I am a average Singaporean holding down a job. If you know how to manage your cost and invest a little, you will be fine. That is all I will said.

[@houzi29]

Correction! English is NOT the national language. Malay is. English is SG business language.

[@filipbunalti]

Singapore has 4 official languages. None of them are "more official" than other.

[@yaznoor6627]

​@@filipbunaltiU not check with Wikipedia?? Or Singapore Constitution?? U not hear the Singapore Anthem Song ,Majulah Singapura?? National Language in Singapore are Malay Language since 1965 After Separate With Malaysia But Most of Singaporean are speaking English. Yes correct Have 4 Official Language But The National Language in Singapore are clear that are Malay Language.

[@noorulhasan4904]

​@@filipbunaltimalay is the native language of Singapore

[@aungmyintoo4635]

​@@noorulhasan4904but majority Singaporean cannot speak Malay 😅

[@ken61175]

@@filipbunalti While none of the offical languages are more official than the other, Malay is the National Language. Check the constitution if you are not sure about this.

[@michaelshih8163]

You pay $240,000 to lease a lousy Corolla for 10 years. You pay $1 million to lease a lousy HDB flat for 99 years. That just about sums up the impossible situation in Singapore. The rest, like minced beef at $50 per kilogram, are just more nails in the coffin. Singapore is not sustainable.

[@waynezhang7894]

can you come here and sell cheap house, cheap car and cheap beef to make life more sustainable for us please?

[@Amy-xk4ok]

what Singapore lacks is innovation, for entrepreneurship like US's google, Korea's Samsung, China's HuaWei etc.

[@silverianjannvs5315]

Yes, IQ 200 but no innovation...

[@khanhhung8959]

Their current position already an achivement. Human, land and natural resource limited singapore.

[@kognitivescientist]

Many companies have filial if not headquarters here though… What would be great to see is startups from young SGns.

[@Zoids-bf6op]

a way to keep the poor, poor, and a loyal workaholic.

[@gracia130]

Singapore is very clean country but very expensive to live. 😢

[@johnl.7754]

Sounds like most high income countries

[@natico-w812]

Singapore -> money launderers, foreign talent, haolian toxic boastful population, very expensive houses, very high car tax, stressful environment but Singaporeans wont tell you that but will just boast that they are number 1, embedded in their toxic brainwashing education system

[@freddytameo]

Psychological and mental illness are also becoming prevalent with the relentless pursuit of being amongst the best, crème of the crop, top of the food chain. It’s an environment whereby standing still, or slowing down is not an option unless one is happy to settle for scraps. If married couples are struggling to make ends meet for themselves, how could we expect them to have babies to compound their sufferings?

[@herbertj6649]

I have visited Singapore recently and found it fascinating. It is clean, safe, with a polite and civilized population. I understand the issues with housing and work/life balance which is the price of being a developed country. I noticed that there is attention to detail there such as the MRT stations which are incredible with bright and cheerful colors. If you are Singaporean, you should be grateful for your country. Moreover, I like that the law is strict with hefty fines which forces discipline and respect. No country is perfect anyway.

[@scineram]

Exactly. Nobody lives there anymore, it's too crowded.

[@cameron9119]

If the Singaporeans had the land mass of the USA they would have eventually dominated the planet. The success started with adopting English as the official language and investing in the education of their population.

[@Jinkypigs]

No, it starts with strong ethics and non-corruption principles. Of course that is not the only thing, for the strong leadership of the 1st gen leaders are indispensable, and the wisdom in various measures such as the housing measure etc, is critical too. So just English? nope. In fact a strong civil servant and the principles of checks against corruptions I would say is one of the fundamental pillars that allowed singapore to become what it is now. Not the only one, and not a perfect one, of course, but just look at USA and how the LEGAL bribery via lobbyist makes the politicians slaves to interest groups than their own bigger group of citizens.

[@TimoTimo-uu]

Yes, everyone is leaving and now Singpore has become a deserted island and full of invisible spirits and no more human walking and driving on the road. That is why you mean.

[@browncony3897]

Which other countries give citizens $ vouchers and cash $300, $300, $850 and $400 over the past 1-2 years? Lol. Singapore is good.

[@ogeyrat]

Give you chicken wing now take back a whole chicken after the elections.

[@browncony3897]

@@ogeyrat Like what..?

[@ogeyrat]

@@browncony3897 GST voucher is a pale compensate for the rise in GST. When GST was introduced in 1994, the rate was 3%. This was increased to 4% in 2003, 5% in 2004, 7% on 1 July 2007, 8% in 2023 and 9% in 2024. Why do you think giving a small sum of money is good for singaporeans when the daily cost has risen? Economy rice was $3 to $3.50 max back in 2008 to 2020, now its $4.50 to $6.

[@ViolentCabbage-ym7ko]

@@browncony3897 Do you know that GST is now 9%? Everything that you buy, the govt will earn 9% from it and if they increase it to 10% next year, what can Singaporeans do about it?

[@browncony3897]

@@ViolentCabbage-ym7ko I buy most stuff from shopee and eat from hawker food. No GST. Lol