Singapore as a global financial hub attracts expatriates from around the world. This drives prices and costs up. Additionally, Singapore has been crowned the costliest city for expats by several surveys. How is everyone dealing with this accolade and those pesky costs? Howie Lim finds out from Christopher Forbes from CMC Invest and Bryan Tay from Lendela.

Synopsis: Every Monday. The Business Times breaks down useful personal financial tips with expert guests.

Highlights of the conversation:

01:10 Where do extra costs for expatriates come from?

04:55 Increasing compensation package; a self-fulfilling cycle

07:47 How citizens are coping

12:09 Could the high cost of living force expats out?

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Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg.

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Written and hosted by: Howie Lim (howielim@sph.com.sg)

With Bryan Tay, country manager, Lendela and Christopher Forbes, head of Singapore, CMC Invest.

Edited by: Howie Lim & Claressa Monteiro

Produced by: Howie Lim

Engineered by: Joann Chai Pei Chieh

A podcast by BT Podcasts, The Business Times, SPH Media

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Website: bt.sg/moneyhacks

Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

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S1E178: Combatting costs in the world’s costliest city: BT Money Hacks (Ep 178)

BT Money Hacks

S1E178: Combatting costs in the world’s costliest city: BT Money Hacks (Ep 178)