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Singaporeans fret most over high costs, wages in latest survey

Bloomberg
Bloomberg • 2 min read
Singaporeans fret most over high costs, wages in latest survey
A wet market in Singapore. Photo: Bloomberg
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Singapore’s high living cost is by far the most important issue facing the city-state, according to a new survey of residents, signalling that pressure remains on the government to address key issues including wages and housing affordability.

In a poll of more than 1,500 residents ranking 25 community issues published by Blackbox Research, 59% selected cost of living as their first or second choice, with salaries taking the second spot overall at 17%. While 73% view current national economic conditions positively, most were dissatisfied with the government’s handling of the wealth gap, wages and the prices of homes and cars.

The People’s Action Party, which has ruled Singapore since independence in 1965, got a boost last month after former senior minister Tharman Shanmugaratnam scored a landslide victory in the presidential election. It came after the government sustained a series of political scandals, including a graft probe involving a senior minister, that put its clean reputation to the test.

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