Singapore Versus Malaysia Cost of Living - All Your Misconceptions Cleared!
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- เผยแพร่เมื่อ 17 พ.ค. 2024
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Today's video:
Wah!! Shopping! Food! Pumping petrol! Car wash! Malaysia is so cheap!
Wow, Singapore is such an expensive country. Everything is so expensive. Who can afford to live in Singapore? Everyone there must be very rich.
These the common words associated with Singapore and Malaysia. As both of us lived in both countries extensively, we are extremely familiar with the common misconceptions regarding the cost of living in both Malaysia and Singapore.
In this video, we will breakdown for you the true cost of living - Singapore versus Malaysia and put all these misconceptions to rest! Is it truly cheap in Malaysia? Is Singapore really so expensive? We will also pit each country’s currency strength against each other, and explain how different economic factors can affect your spending ability in each country.
Find out in this video!
In case you are new to this channel, we are Fran and John, a Singaporean couple who retired young in the year 2020 in Singapore. Fran is a Malaysian, lived in Singapore for 13 years and John is a Singaporean and currently living in Penang, Malaysia with Fran and her famiy.
We hope you enjoy watching this video, and do let us know in the comments section if you like it!
With lots of love - Fran and John
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Timestamps:
00:00 Comparison Between Singapore and Malaysia
02:05 Cost of Living Comparison
03:44 What Affects Currency Strength
04:21 Purchasing Power
08:00 Household Income Comparison
09:23 How Does Cost Of Living Impact You?
Credits:
Department of Statistics Malaysia
Department of Statistics Singapore
Channel News Asia
Yahoo Finance
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#singapore #malaysia #money #currency #forex #costofliving #finance
Thoughtful set of comparisons! Love the humorous use of Singlish in the skits.
Thanks so much, Gilchrist!
Malaysia is damn expensive now, with hyperinflation. The prices you need to pay is very high, even after currencyconversion (X3). It’s only cheap if you live a very low quality lifestyle, and live in rural locations in pahang, perak, terenganu, etc.
It is all about relative cost. The video compares both countries and prices in Malaysia is very cheap relative to Singapore. Yes I would agree that for locals in Malaysia it is very expensive.
That's why many Malaysians work in Singapore for 3.5x the money then they go back to Johor to spend, buy big house, buy Tesla and buy quality imported goods. Thanks to Singapore just 1km away from Malaysia. God bless
Well compared and presented. Against certain items, Malaysia can be very cheap. I bought a certain top grade brand of toothpaste - made in Germany, it was Rm14.75 and the same item in Singapore costs S$8.95. Wow, that's almost 100% cheaper in Malaysia.
Wow that's really a great price in Malaysia. If converted back to USD, it is as u said, 100% cheaper. Buy 2 for the price of 1.
My dear friend, Malaysians salary and earnings are much lower than Singaporeans. If average Singaporean earn S$4k a month, can a malaysian earn RM14k a month with the same job? Its now RM3.5 to $1
Hi. I stayed in Singapore for 12 years and fondly remember crossing over to JB for more value for money shopping. Now considering moving to Malaysia (from Australia). I have a small baby too. Hence wondering which Malaysian cities offer good value for money while providing excellent educational opportunities too. Please suggest. Possibly a good topic for a video too :) Appreciate your Vlogs
Hi there! Thanks for watching our videos!
We did extensive videos on Penang cost of living and retirement as we really feel that Penang is the best state to live in. There are many international schools in Penang, a healthy expat community and of course, the best hawker food. You also have the sun, beach, sea and hills.
Feel free to watch all the Penang videos we have made so far and of the other states.
@@corporatebreakoutcouple thank you! I'll definitely check em out. Great help for people looking to retire in Malaysia!
Just expensive whether one lives in Singapore or Malaysia. Appreciate the vlog.
That is true! Expensive or cheap, it is all in the person's perspective!
Good comparison!
In summary: Am I right to say that it’s important to decide what food related items to purchase when you are residing in SG and when you are visiting Malaysia.:- that a Singaporean should purchase More locally SG produced items when in Singapore 🇸🇬 and less Sg imported goods and alternatively purchase More imported items when in Malaysia (Starbucks coffee) due to the strength of SG$ and one also ought to purchase More of the Malaysian locally produced items (house) when going to Malaysia due to the stronger currency exchange rate?
Thank you! We appreciate your feedback!
In essence, if one is very cost conscious, to make their money work hard for them, it does make more sense to purchase international brands in Malaysia due to the strong currency conversion for Singaporeans. Of course, that being said, Singaporeans have higher purchasing power in Singapore so they don't feel the pinch as much as Malaysians when buying international products eg Starbucks.
At the end of the day, cheap is relative. Expensive is also relative. Hence it is not fair to say that Malaysia is cheap and Singapore is expensive. We hope we got that message across in our video! ❤️
this is the reason why some Malaysian went to Singapore to work while staying in JB
Yes, they can really make their SGD work hard for them
How to compare developing vs developed countries
Why not? One can compare to any country based on purchasing power.
Malaysia stuffs is not cheap at all. Anyway i don't visit Malaysia.
Yes, very painful for the citizens as the purchasing power of MYR is low
Spore has become very expensive to visit now.
singapore nowadays expensive to live in
Sounds like sour grapes...
Yo sigo pensando que esto del feminismo radical debe ser eliminado.
Do explain more.