hwzlite
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https://www.reuters.com/world/asia-...singaporeans-heads-may-3-election-2025-05-01/
Cost of living is a key issue as Singaporeans head to May 3 election
- Summary
...
- Slowing economy, risk of recession hang over May 3 election
- Voters concerned over cost of living, housing availability
- Singapore named 2024 most expensive city to live
While the core inflation rate has tapered to 0.5% in March from a peak of 5.5% in January 2023, suggesting an easing of price pressures, Tan said the daily reality was different.
The 30-year-old sometimes goes to nearby Malaysia to buy milk formula at about a third of the price in Singapore.
Single dad Abdul Rahman, 44, is also worried about his children, aged 8, 10 and 11, with his fixed costs already more than S$2,000 a month out of an annual salary of S$50,000. He said school fees already cost S$400 and he's not sure he can afford tertiary education for his children.
Housing also weighs heavily on Abdul's mind, as following his divorce he had to sell his home and will soon need to find a new one for him and his three children.
Singapore sells subsidised apartments to its newly married citizens and Abdul can apply for an assistance scheme to get one but there is a limit on the size of the flat. He would have to buy from the open market if he wants a bigger flat and the prices of those properties have climbed nearly 10% in 2024, after an almost 5% rise in 2023, according to government data.
"To get ample space on a single income is going to be very, very tough with the current prices," he said.

