Banking and Finance in Singapore: What do you need to know?

If you need to secure shared rental accommodation, platforms like Facebook or Roomies are useful. Note that current regulations require you to rent for at least three months. By the way, eating out at hawker centres is extremely affordable, and you can get affordable groceries at FairPrice which can be found at every neighborhood. The city is also extremely well connected, the public transport network is good and very affordable especially with its distance based fares. In general payment by QR code is common. The local bank that most locals use is POSB/DBS and setting up the payment apps (PayLah or PayNow) is easy.

Without a doubt, Singapore is one of the top cities to reside in. Our thriving economy opens up plenty of jobs for millennials and boasts of the lowest gender wage gap. Not to mention, we’re one of the top few cities with a low unemployment rate. Within the region, Singapore has a solid reputation as a global finance hub, which makes it ideal for startups. Not forgetting, Singapore is a melting pot of cultures and races, and is very welcoming of expatriates.

Singapore is an expensive city. When considering whether to move to Singapore, one should consider whether he or she would be able to afford basic living expenses such as rent, accommodation, transportation and food while having enough savings in the event of emergencies. Despite the cost of living, Singapore is an ideal place to advance one’s career as it is an international trading hub and houses many multinational companies.

He should consider whether he has the financial capability to live permanently in Singapore due to the high cost of living here. There is a need to respect and speak with discretion in this multiracial society, to prevent undermining social fabric and conflicts from arising between races. He should also be aware of the importance of keeping our environment clean, which is especially critical in maintaining our reputation as a green city.

Singapore is one of the few nations that represent the modern era at its best. The tiny island state is not only one of the most culturally diverse and inclusive communities in the world, but also at the forefront of Asian finance and research. The city-state has become a remarkably successful economic hub. The excess wealth generated has been funnelled into creating lasting infrastructure, making merit goods such as public transportation both cheap and convenient. The Singaporean people are welcoming and helpful. The government is one of the least corrupt in the world; the justice system has never subject any individual to arbitrary punishment. There is also a great amount of care taken to ensure the well-being of the population. Singapore is a safe, modern country filled with a myriad of possibilities.