ROSHI Analyzes Cost of Living in Singapore and Southeast Asia
TL;DR
Understanding the cost of living in Singapore can give individuals an advantage in financial planning and decision-making.
The report analyzes Singapore's position as the most expensive country in Southeast Asia, taking into account cost of living index, property and rental costs.
By providing transparent insights, ROSHI is helping Singaporeans navigate the complex financial landscape, potentially alleviating financial pressures for residents.
ROSHI, a Singapore-based fintech, is transforming digital lending across Southeast Asia through AI algorithms and machine learning, assisting hundreds of consumers.
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ROSHI has released a comprehensive cost of living analysis for Singapore and Southeast Asia, identifying Singapore as the most expensive country in the region. The report reveals a cost of living index of 85.9 for Singapore, which is significantly higher compared to its neighboring countries. This information is crucial for understanding the financial pressures faced by residents, as well as the broader economic landscape of Southeast Asia.
The analysis highlights that property and rental costs in Singapore have seen a substantial increase. The average price of an HDB flat has reached $532,768, while private houses now average $2,080,533. These rising costs are putting financial pressure on many residents, despite Singapore's reputation for a high quality of life.
Mr. Nada, the founder of ROSHI, commented on the findings, stating, "While Singapore maintains its reputation for high quality of life, our analysis reveals that many residents face increasing financial pressures due to rising costs across multiple sectors." He also noted that these costs are often offset by higher incomes and government support measures.
The report not only focuses on Singapore but also provides regional comparisons, offering insights into the cost variations across Southeast Asian countries. This comprehensive view aims to provide context for Singapore's economic position within the region, which is essential for both residents and policymakers.
ROSHI is committed to offering transparent, data-driven insights to help Singaporeans navigate the complex financial landscape. The full report is available at Cost of Living In Singapore and South East Asia Insights Report 2024.
ROSHI, a Singapore-based fintech company, has been transforming digital lending across Southeast Asia since launching its proprietary automated platform in March 2022. By leveraging AI algorithms and machine learning, ROSHI provides personalised loan options to borrowers instantly. The company currently facilitates home and personal loans through partnerships with various lenders and has assisted hundreds of consumers in obtaining loan approvals while providing valuable market insights.
Curated from 24-7 Press Release
