Singapore has one of the best, most comprehensive, and least expensive public transport systems in the world. A one-way average bus or MRT (Mass Rapid Transit) fare is about S$1.20. If you avail of the MRT, your monthly transportation expense should be no more than S$60-S$70 a month. If you combine bus and MRT transports only, it will cost you S$100 a month on the average. A couple that travels regularly within Singapore, using MRT or bus, will need to set aside a monthly combined transportation budget of roughly S$300.

Taxi service in Singapore is one of the most efficient worldwide. You can hail a cab on the road or call their number to book a service. Taxi drivers are willing to cover even the shortest of distances. Taxi fare starts at S$3.50. Twenty minutes on a cab will cost you around S$12. Your taxi transport service budget, to and from your office, will most likely cost you S$400 a month.

Cars can be rather expensive in Singapore, due to their heavy taxes and government quotas. A brand new Japanese or European model can easily fetch upwards of S$$90,000. For example, a brand new Honda Accord costs around S$150,000. Second-hand cars are cheaper, but still often come with a S$90,000 price tag. In Singapore, there is such a thing as Compulsory Certificate of Entitlement (COE) that the government regularly auctions off as a measure to control vehicle volume. At current cost, this can add another S$35,000 to the total car purchase budget.

In the face of such steep prices, many expatriates have opted for car rental arrangements that range from about S$2,800 to S$3,200 a month, depending on the vehicle’s model and mileage. Also, with a fairly recent regulatory amendment, rented vehicles are now permitted to drive into Malaysia on weekends.

A liter of petrol can range from a little over S$1 to slightly under S$2. Parking your car in the city will cost you from S$2.50 per hour. On the average, you will spend about S$300 a month for petrol and parking, and about S$300 yearly for maintenance.

Image

Via Uniquely Singapore