Home is where the heart is, but cost is still a major consideration when purchasing one in Singapore.

Singaporeans have two main types of housing to choose from — public housing, most commonly referred to as Housing Development Board (HDB) flats, and private property. Most condos and landed houses are forms of private property.

77.2% of Singapore residents live in HDB flats, 17.9% live in condos, and 4.7% live in landed properties.

As the cost of living continues to soar on the back of inflationary pressure, property prices are on the rise, too, and this also means that properties are one of the most sought-after ways to build wealth.

In 2025, 1,594 HDB flats were resold for over $1 million, and it’s likely to be on an uptrend. When it comes to private housing, only the cheapest condos are priced at under $1 million.

Let’s have a look at how much it costs to purchase a home in Singapore.

Note: All figures are in Singapore dollars (SGD).

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The salaries of Singapore’s political office holders are known to be high – much higher than the median income of Singaporeans, which stands at $5,775 per month.

A salary framework review was slated to be conducted in late 2023, but was deferred as the government was dealing with other pressing issues, such as an unresolved geopolitical situation and uncertainties in the global economy. However, on 12 January 2026, the government announced it has finally convened an independent committee, chaired by Mr Gan Seow Kee, to carry out this review.

In the latest review in 2017, an independent committee concluded that the framework was still relevant and sound, and recommended increasing annual salaries to match benchmark movements. However, the government decided not to make any changes at that time. As a result, the current salary structure has remained unchanged since 2012.

Will we see a salary adjustment this time? The committee will submit its report to the government when ready, but for now, let’s look at the current salaries of Singapore’s president, prime minister, ministers, and members of parliament.

Note: All figures are in Singapore dollars (SGD).

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In Singapore, HDB flats are public housing. They are meant to be affordable and for the masses since 77.2% of Singapore residents live in HDB (Housing & Development Board) flats.

The average cost of housing has been increasing (and thus is one of the good asset classes that generate wealth). Are properties as affordable now as they were intended to be?

The first ever transaction of an HDB flat being sold for at least $1 million was in 2012. Since then, records have been continuously broken.

In this report, we look at trends and statistics on million-dollar HDB resale flats in Singapore, including how many were transacted in 2025 and over the past years, locations of these homes, the types of flats (4-room, 5-room, etc) sold, and more.

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We have previously written about the average income/salary in Singapore, breaking it down by age, sex, education, occupation, and industry.

Given the recent months’ inflation and rising cost of living pressures on both single and dual-income households, we will explore household income, its significance, as well as the average and median household income in Singapore.

Moreover, since income is arguably the most vital element in financial planning — and protecting it through insurance is equally important — we investigate income trends over the years and the income distribution in Singapore.

So, if you wish to compare your household income with others, you should read on!

All figures are in Singapore dollars unless otherwise specified. An exchange rate of US$1 to S$1.30 was used for conversions.

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Savings accounts have been the conventional route for many Singaporeans to store hard-earned money. You may also have tried to use a high-yield savings account to earn eligible bonus interest rates.

With rising inflation, you may realise that such accounts are unable to help you achieve your saving or investment goals.

This is when cash management accounts or cash management solutions come in handy.

Read on to find out more about them!

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The cost of living in Singapore has been rising. 

In fact, in 2025, the headline (overall) inflation rate was 0.9%. Furthermore, the GST has increased from 7.0% to 9.0% in recent years.

While Singaporeans do enjoy higher-than-average incomes and generally have higher net worths compared to others, income (and wealth) inequality is still prevalent.

Therefore, no matter your financial standing, knowing how to manage your personal finances with the right tools has never been more crucial. But do you know how?

We set out to understand the financial literacy of Singaporeans and whether it has a positive impact on their financial standing. 

We surveyed 1,183 adults aged 18 and above. Here’s what we found, along with other noteworthy statistics. 

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With a higher income, you can create, retain, and protect wealth more quickly, especially if you use the right tools and practise proper financial planning.

Despite its small size, Singapore already boasts 332,491 millionaires. The mean and median net worth per adult in Singapore are $516,991 and $134,308, respectively.

Does this mean that Singaporeans are earning a high income? What about the average man on the street? Is there income (and wealth) inequality here?

We aimed to determine the median income or salary in Singapore. And we further break it down by age, sex, education, occupation, and industry. If you want to check out statistics on household income instead, click here.

So, if you wish to compare your income with others and see whether it’s good enough, then you should read on! 

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All Singapore citizens or permanent residents (PRs) who are earning an income here must familiarise themselves with the Central Provident Fund (CPF). 

This is because many aspects of financial planning revolve around it. 

Knowing the interest rates you’re getting on your CPF balances and how they’re calculated are crucial because the interests will be compounded over many decades, resulting in a significant sum when you enter your golden years. 

So, today we’ll take a deeper look at CPF interest rates and the best ways to maximise your returns. 

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Financial planning becomes essential once you enter the workforce. 

An integral part of it all is the Central Provident Fund (CPF). 

Although CPF draws flak for being “forced savings”, its use is undeniable. For example, part of your CPF savings can be used as a downpayment for your property or to repay your mortgage loan. Without this savings scheme, how many people are able to buy a house when the time comes? 

Contributing to your CPF also comes with multiple benefits, especially towards saving for your retirement. This is why understanding and being able to utilise all of what CPF can offer will absolutely improve your financial health. 

Today, let’s take things slow and just look at CPF contribution and allocation rates. 

So, read on!

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Insurance is always best bought when you’re young, when the odds of a clean bill of health are highest and you can get the full extent of coverage.

But plenty of people treat it as something they can put off. And it’s true that the chances of a critical illness or death rise with age.

There are two things worth remembering, though.

First, these events can still happen early, and when they do, they tend to hit your family’s finances harder. Second, even a minor condition picked up along the way can affect your chances of being approved later.

So if you already have a pre-existing condition and you’re wondering what your options are, you’re not out of luck. We can’t turn back the clock, but here’s what you can still do.

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