GE Watch| Singapore’s ‘election Budget’ expected to tackle cost of living with g

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GE Watch| Singapore's 'election Budget' expected to tackle cost of living with generous handouts

As the last Budget before Singapore's next general election (GE), Budget 2025 could tip towards addressing immediate challenges such as the cost of living, said political watchers.

The speech on Feb 18 may thus include generous handouts and social transfers, though the government will still address long-term challenges such as economic transformation, they added.

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https://www.businesstimes.com.sg/singapore/singapores-election-budget-expected-tackle-cost-living-generous-handouts

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i want to ask how generous do they think they can be?

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give everyone 1m each is it?

houses are millions now

how u tackle by giving hundreds or even thousands?

[Arctic]

Same old shit going to repeat
Col skyrocket, gov give petty handouts, dumb sinkies continue to vote for incumbent out of stupidity, fear and ignorance

[stillgottheblues]

Right now they are charging foreigners to subsidize the locals by high prices. Handout is not the solutions. It is unsustainable and makes people lazy.

High prices will make the island uncompetitive.

[Arctic]

Right now they are charging foreigners to subsidize the locals by high prices. Handout is not the solutions. It is unsustainable and makes people lazy.

High prices will make the island uncompetitive.

3rd gen gov already lost the plot, they are just on auto pilot mode and cruising along

4th gen even worse. Believe I dun have to elaborate

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i dont think theres any way they can make it generous. last yr in anticipation of GE they were already very generous

even if give 50% more or 100% more than last yr also not enough to deal

when your BTO 3 room in city area is 500k upwards while resales for newer flats are 700k for 3rm and 1m+ for 4rm

they will throw the same shit.......... maybe instead of the 1k+ they gave in 2024, they will give 2k or close for each person

then throw in same + slightly more vouchers, CPF top-ups, same+ more stupid housing grants and give more to kids and elderlies...... still does not fix fundamental problems just kicking it down the road

[Arctic]

i dont think theres any way they can make it generous. last yr in anticipation of GE they were already very generous

even if give 50% more or 100% more than last yr also not enough to deal

when your BTO 3 room in city area is 500k upwards while resales for newer flats are 700k for 3rm and 1m+ for 4rm

they will throw the same shit.......... maybe instead of the 1k+ they gave in 2024, they will give 2k or close for each person

then throw in same + slightly more vouchers, CPF top-ups, same+ more stupid housing grants and give more to kids and elderlies...... still does not fix fundamental problems just kicking it down the road

Will still give goodies to secure GE. It's a small price to pay

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Will still give goodies to secure GE. It's a small price to pay

for sure they will give. and the most myopic are those poor people and old people, easiest way to vote buy

maybe they will give 500 or 600 every quarter to support COL

u see this amount means 100 per mth. they will tell u more than enough to cover GST increase

but u think about the hike in transport, or like what i always say - housing

u mean this 2k or 3k is sufficient ah? their houses increased from around 10k in 1973 to 350k............ that's 35 fold minimally

our salaries got increase 35x since 1973? let's say last time median household income was 800. Now our  median household income, is it 28k per month?

they really fucked up big time i tell u. im not saying to remain in tandem but if 3rm is 300k, 4rm is 400k that is still acceptable but still crazily prized

but it's not leh. i really feel they really really fucked up and squeezed all of us totally dry

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a lot of people worldwide say houses should not cost 10x your annual income. if u search, you will realise everyone in OZ and US kpkb about this.

we are already there but no one noticed and govt still sugarcoats it

The median annual income for full-time employed residents in Singapore is $60,840, or $5,070 per month. This is inclusive of employer CPF contributions.

yes we already hit that liao. our houses are 600k upwards unless u live yishun or further from there.

WE HAVE ALREADY REACHED THE CRAZY PEAK AND IT WILL GO UP FURTHER

we are already fucked by the govt

[Arctic]

for sure they will give. and the most myopic are those poor people and old people, easiest way to vote buy

maybe they will give 500 or 600 every quarter to support COL

u see this amount means 100 per mth. they will tell u more than enough to cover GST increase

but u think about the hike in transport, or like what i always say - housing

u mean this 2k or 3k is sufficient ah? their houses increased from around 10k in 1973 to 350k............ that's 35 fold minimally

our salaries got increase 35x since 1973? let's say last time median household income was 800. Now our  median household income, is it 28k per month?

they really fucked up big time i tell u. im not saying to remain in tandem but if 3rm is 300k, 4rm is 400k that is still acceptable but still crazily prized

but it's not leh. i really feel they really really fucked up and squeezed all of us totally dry

Actually those poor and old ppl vote for incumbent still understandable

Most dangerous are those well educated ones. Maybe they are too well educated and smart til they know something that I dun


Yah I still rmb 3rm ard $300k and 4rm ard $400k...very easy to rmb. Now like all haywire. Everyone pushing prices up to try to make a windfall

[Arctic]

a lot of people worldwide say houses should not cost 10x your annual income. if u search, you will realise everyone in OZ and US kpkb about this.

we are already there but no one noticed and govt still sugarcoats it

The median annual income for full-time employed residents in Singapore is $60,840, or $5,070 per month. This is inclusive of employer CPF contributions.

yes we already hit that liao. our houses are 600k upwards unless u live yishun or further from there.

WE HAVE ALREADY REACHED THE CRAZY PEAK AND IT WILL GO UP FURTHER

we are already fucked by the govt

Yes, there is a gauge for it. Not sure is it 10x annual salary anot. I rmb as x yrs to finish paying the housing loan

Sg salary Iirc is $5.8k monthly?

Anyway, miw math and our math will be way different. $1k salary can buy hdb rmb? Always paint best scenario of buying smallest hdb, near to parents, first time buyer, lowest income bracket, highest grants etc. In the end really $1k can buy hdb hahahhahahha

[jim889]

gib chicken wing .. take back whole chicken later
 

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Yes, there is a gauge for it. Not sure is it 10x annual salary anot. I rmb as x yrs to finish paying the housing loan

Sg salary Iirc is $5.8k monthly?

Anyway, miw math and our math will be way different. $1k salary can buy hdb rmb? Always paint best scenario of buying smallest hdb, near to parents, first time buyer, lowest income bracket, highest grants etc. In the end really $1k can buy hdb hahahhahahha

ya if ur parents live tuas, u buy smallest and with all the grants and whatever sure can but still pay thru nose

last time they posted the CPF compounding picture at TPY Hub I rem

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