Why is Singapore so rich? | CNBC Explains
ฝัง
- เผยแพร่เมื่อ 2 พ.ค. 2024
- Singapore is a tiny country, but it's managed to become an Asian economic hub. CNBC's Xin En Lee explains how the country went from third world to first world.
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As they say, it's fun being a tourist in Singapore but tough being a citizen.
elegy slp
It is not fun to be a tourist if your currency is weak
@@saltyjo7514 Travelling to Singapore is for rich people. Today it's the most expensive country in the world.
Travellers have a choice. Locals either adjust or...
@@saltyjo7514 The currency is not weak its just worth less but if you have a lot of money it doesnt matter
@@candiCoral same
No corruption : this a major reason of Singapore prosperity.
no retarded labor unions too, it seems
Low crime rate. Anti corruption policies. One of the best countries in the world.
Other than your government and your police force, singaporeans are weak and dumb, I can outsmart and outpower Singaporean all day and everyday.
@@indoraptortheevilhybrid40 wow u r so funny it hurts to laugh
@@davidnguyen9065 wow! You are either an idiot or a couch potato. You either don't know how or too lazy to spell you are. I bet I can do 50 push ups before you even know how to do a push up. Besides, if it hurts just to laugh, that's prove how weak you are
Singapore is that one friend in middle school that took a bunch of extra curricular classes and programs, got to go to Harvard and is now better than you.
singapore is maximumm level reached, its running out of ideas how to grow its economy. its so confused its turned to growing vegetables in a skyscraper, which can never ever be economica(make a profit)
@@redindian2209 thats cuz we no space for agriculture and we lack resources, so they r trying to test out urban farming and to make us kinda self-sufficient
@@kelp2243 You should buy land in Indonesia, in Kalimantan. and use it for agriculture. What i expect more from Singapore is not urban agriculture it is how to transform chemical compounds or raw minerals into fertilizer(potash) this is one of the holy grails and i expect Singapore to be at the cutting edge. Singapore gets all there fresh veggies and fruit daily from the border, so its a waste of resource doing urban agriculture. Its like you're rubbing your neighbours faces in the mud, saying look at us, we're ahead financially and technologically we're also getting ahead of you aggriculturely you should be ashamed etc.
@@redindian2209 since when were we getting ahead agriculturally, we can nvr do that lmao its physically impossible, also yes everyone buys land in indonesia, i got mine last mth. the gov is j encouraging urban farming because in case smt happens (like for eg covid 19, our imports decreased plus lack of supplies in those countries themselves, let alone sending stuff to us, so it caused mass panic buying) we wont ever be self sufficient but we wont be so dependent if u understand (also idt ur singaporean so i dont get why ur arguing w me abt my own country's policies) also what do u mean by fertiliser, by ur logic, we shldnt even waste resources on agriculture so why waste resources on fertiliser???
@@kelp2243 I was thinking the same about your 'in times of danger' precursor, however fertiliser if you patent it you can save the world. there is still 100s of year left, but at current rates of consumption it will run out soon. Singapore science is brilliant so i consider you to be in pole position. However now you see. instead of wasting valuable real estate on towers of so called 'corn-beef'(emergency supplies research), you can have gone into r & d into fertiliser.
I'm currently visiting Singapore now for the past few weeks from USA, and I'm so impressed with how beautiful Singapore is. Its so clean and safe, the people are absolutely wonderful and friendly, the food is excellent, and I really love it here. I wish American cities could be like Singapore. I've travelled all over the world, and Singapore is my favorite place so far.
only tourist area are so clean , try visit those mature housing estates and u will be shocked , try visit red hill , tiong bahru , bekit merah and many many more to see for yourself first before u say singapore is so clean .
take a look at housing estates bus stop and see dlood during raining season .
@@kingstowntan4599 it's still by far cleaner than USA
Damn thx for sharing. Definitely moving to Singapore ASAP 🤑
@@kingstowntan4599 bro, why so jealous? Cus your country is not clean?
*_Dubai has left the chat_*
_Bob McCoy lol r u stupid comparing with dubai ?? understand how dubai developed and how SINGAPORE . SINGAPORE has it's manufacturing sectors and high export whereas Dubai has nothing to manufacturing rather then ease of business and still better than singapore so have a knowledge and comment for like dumbass
dubai has tallest building, largest mall, 7 star hotel, indoor ski resort. 16 million anual visitors. a huge retail, commerce, aviation, trade, and tourism industry. people in dubai can actually get a car and drive without the lottery program and paying 5x more for a car. singapore a flawed democracy.
@@ahrlj24
On it will fall over spend sea leve rising earthquake
You can't compare Singapore to Dubai, and neither Hong Kong nor Qatar
Each one of those places has its different features, demographics, economy, and challenges.
Extremely unfair comparison.
Dubai has far less millionaires than Singapore. Not even in the rank of top20 cities on earth. Dubai is more like a haven for rich tourist. Most people living there are Low paying foreign workers.
1. why is Singapore so rich ?
2. Having efficient , far-sighted and clean Government is very important but nobody can teach.
3. Bad government always drives its country to the last ditch .
4 Having full and sincere hearts to serve the nation and people is very crucial but not just thinking " HOW DO I GRAB GOVERNMENT RESERVES AND IGNORE PEOPLE CONDEMNING ME BECAUSE I AM SO SELFISH "
teach what. Communism.
neil eastell iran has had sanction on their economy since the white revolution and they still managed to have a good economy. So whats wrong with iran.
Venezuela is rich in natural resources but corruption destroyed it and made the people impoverished!
@neil eastell Funny, you mentioned two countries under heavy US sanctions. Which makes you the "stupid people".
Stephen West Venezuela only become
Sanctioned after the economy was destroyed, so it was by there own doing.
Not many people use cars in Singapore. My family didn’t because the train system is really good. It’s not a big place and you can get places easily with taxis and public transportation. It’s also really safe so even though I was young I was allowed out alone :)
Singapore is undeniably rich. Mainly because of disciplined Singaporeans and because of how it is run--strictly and unbending. Laws are imposed and felt by everyone, no one is special unlike in so many countries. A world model. More than 30 years ago, an American lad was lashed simply for vandalism. A tiny violation in other countries is equal to a big crime in Singapore. A Filipina ( it was controversial ) was hanged about the same period. The Middle East besides Singapore are easily THE SAFEST COUNTRIES of the world because of strict governance and imposition of laws. There are so many countries with economies as tiny as Singapore that have been poor for decades. We can say their culture played big as to how their status has been to this day, yet we've seen big improvements in a few of those same countries which defy reasons for not developing, if not for becoming rich. It is all up to how a government handles an independent nation. However, there is the factor of population size, that also made Singapore. It couldn't have progressed fast had it been as huge as India's or China's. This is interestingly debatable. Ultimately, the form of government is always manifested in the living conditions and the orderliness or otherwise, of a nation's society. Complete freedom or lack thereof, the punishment for every law violation and again, lack thereof, results in how we see societies. It is noteworthy to mention that Laws are made to be imposed.
Singapore has excellent public transport. You don’t need a car. Take out cars and Singapore is Not the most expensive city.
This is what I don’t understand, why is the cost of a car important when it’s easy to live without. They are trying to look after their environment. That’s a good thing. There are theories that coronavirus is spread more easily in polluted air so this is yet another reason to reduce car ownership.
@Srinaath AnbuduraiHDB pretty cheap
Singapore is so small you actually don't need a car.
@Srinaath Anbudurai actually usa health care is much more expensive and they don't even take priority in those who are really in need of medical care
If you can afford ten cars, you can afford a jet. Use it and go from point to point in 30 seconds.
But housing is no longer affordable. And the reason why there is no strikes in Singapore because its illegal to strike.
It's not illegal. Unless you work in gas, water and electrical services plus you'll have to give advance 14 days notice.
Life is good. Why strike ?
Housing is NOT no longer affordable.
First of all what is harassing mean to be affordable when it's free and inequality isn't a problem that's stupid I'm so tired of all this stupid crap all the rich or more the top people have more than the low people but the low people have more than most people in the world it doesn't matter if there's big inequality as long as everyone's life is getting better this is what happens in every developed country and it's not a problem Libya is one of the most equal economic countries in the world so you don't want to live there so is Venezuela
@@Hi-res64 dude... Chill it's not the end of the world, it's people opinion why are you so stressed out by it. Is that the reason you forgot to put a bunch of periods in the comment? Jk. If you're not effected then good for you..
I visited Singapore in 2017 and had a great time..the people are super friendly....love from Kenya
We ❤️ you too. Come again and bring more money to spend here.
@@alvinsimable 😂 the last line sounded alarming
@@alvinsimable lol
@@BlueToronto unlol
@@dailyclips475 lol
When I visited Singapore, I was constantly amazed and impressed by the pristine cleanliness of virtually every part of the city.
only tourist area are so clean , try visit those mature housing estates and u will be shocked , try visit red hill , tiong bahru , bekit merah and many many more to see for yourself first before u say singapore is so clean .
@@kingstowntan4599 you're everywhere bro
It has that shimmer like BC I went in there and even sign said I was in some other city and everything was really shiny and bright
I was waiting for you to mention why Singapore fared so well. In my view it has more to do with leaders like Lee Kwan Yew than anything else. His reforms are directly resposible for what Singapore is today. Yes it's a tiny country, but it was in the hands of a great leader. How many great countries have been brought to their knees because of incopentent, stupid leaders? Singapore never had that, they always had at the top somebody that was dedicated to advance the citizens cause over anything else...and of course, that has paid off hansomely.
This is why I loved living in Singapore! Majulah Singapura from this dude in Florida 🇺🇸!
As someone from Nigeria, I find this so relatable in the opposite way; you don't know what this means to hear someone finally say this.
Smaller countries get on the right track faster. Unless they are muslim countries.
/How many great countries have been brought to their knees because of incopentent, stupid leaders?/
cries in Las Islas Filipinas with the Satans Ferdinand Marcos and imeldific ever Imelda Romualdez his wife
Why would you want a car there, with the subway you can walk anywhere.
To stay the hell away from people of course!
Imagine getting from point a to b in 1hour by public transport and a car will get u there in 15. Go figure.
Because I just wanna show off my superiority
many singapores take public transport and it can get rly crowded and i guess thats one of the reason y some ppl wants car
@@0168196250 I'm going to a doctor appointment, train 20 minutes, I checked with car and it would be 30 minutes. Plus parking.
I’m Malaysian working in Singapore for 7 years ,no doubt Singapore are the rich country.I can earn more money when I work in Singapore rather than working in my country.Beside rich country,the cost of living in Singapore also expensive so I chose to stay in malaysia,close border to Singapore.So I have to wake up early at 4am to avoid traffic before I reach at workplace around 7.30am.Most important thing have to work hard.Working in Singapore give me big opportunity to save much money as I can.I hope Malaysia will be better in the future,so I don’t have to leave my family behind and work in SG.
so u live in johor...right..
We Welcome cheap labors but not beggar who beg for free benefit during this COVID crisis
@@davideverett5397
Wow.. you're a Macau Scam at work.
@@imleavingnotgod8106 jgn la layan dia woi😂
We want this kind of neighbourhood
In the past 30 years ago, Thailand used to be recognize as "Tiger of Asia" and Singapore was literally one of that to become the economic powerhouse. But in 1997, the economic crisis ruined Thailand a lot. The impact caused the number of suicide, crimes and unemployment are incredibly high. After that, Thailand has stuck for decades in development due to corruption and military action. At the same time, Singapore's economy was developing so fast and no one couldn't even believe that such a small country and water aren't drinkable like Singapore can surpass Thailand easily. Nowsaday, we truly admire Lee Kuan Yew, the former PM and Singaporean people for their hard work and dedication of the country. We mostly talk about Singapore when it comes to politics, education and innovation and we see them as a role model.
Singapore is beautiful. One of my favorite travel destinations
I have a backyard. In Singapore that would make me super rich. Wealth is relative.
Kawerau Woods,yeah
well if a singaporean comes to ur country he will have ur entire town. wealth is indeed relative
LIVESH very true, i might only be able to buy a 5-room apartment in Singapore but with that money, I can easily afford a Bungalow + a sweet ride in another country. Wealth is indeed relative
Edit: And I’m not even exaggerating lol.
very true, i might only be able to buy a 5-room apartment in Singapore but with that money, I can easily afford a Bungalow + a sweet ride in another country. Wealth is indeed relative
Edit: And I’m not even exaggerating lol.
The amount of money one has is not relative $$$
The main reason why Singapore is rich is that it is blessed with strong leaders, eg Lee Kuan Yew. LKY has undeniable foresight in the transformation of Singapore into what it is today. The subsequent generations of leaders are able to build on his legacy. High calibre leaders that looks at least 10 to 20 years ahead, low corruption, highly educated workforce, business friendly environment and fantastic infrastructure are the pillars of Singapore's success.
when u talks about lky and gct , i fully agree but when u talks about lhl , its a no comments and a total not true .
exactly
👍 👍
Imo LKY is the greatest leader/politician of the 21st century. Nobody comes close. And I’m not even a Singaporean.
HAHAHAHAHAHHAHAHAHA
have learnt so much through the internet than I actually did in school ain't that really mind blowing
You are absolutely right sir, the internet is very educational and informative
@@danielluckas2143 I keep wondering what our current time would have been like without us having access to the internet, in this current time it seems be a necessity to life
@@anitayuhasmccury1905
You are so right, like we wouldn't have been able to access the things we could with the the internet
@@alisonadamsky2473 A lot of us make a living through the internet,
There should be a holiday just to celebrate the internet coming into existence
@@danielnguyen1667 So right I learnt how to invest in cryptocurrency, bitcion, real estate through the help of the internet
I think you have to distinguish between rich country & rich citizens .
Singapore as a country , is rich because foreign riches enjoy tax-free environment so they change their nationality to Singapore to escapes taxes . But local Singaporeans don't enjoy any benefit from it . So as the country seems to be richer , it citizens probably don't feel it at all .
to hurt business is to hurt the economy that is why Singapore is not in the happiest country on record.
Property Lim Fang Wei is scammer and thief
Singapore: The Wakanda of Asia.
Lol
Well good guess but actually no
@@zhehanlim7482 It is lah
@Mr Rie Agreed, my country doen't have natural resources, unlike Wakanda. Anyway, lets not compare countries
thank you :)
Honestly as a Singaporean in this covid-19 Im thankful for being a singaporean. The government has many layers of strategy and subsidies for any situation. Many people complained for years about the high tax and CPF. Now the citizens are thankful because there are just so many types of grant available for people who lost their jobs or had a pay cut. It's something not seen in other countries and reduces the burden on it's citizens. Singapore government is rich yes, but they do not use that do their personal advantage and now the citizens get back the money they payed yearly through tax.
Indian and chinese are immigrants from the beginning. That tiny island doesn't have identitiy. Even the name singa came from malay word. Ur tiny island will not last long. And will sink for the next 30-50 years. U guys dont even have water supply and ur population increases and make it more dense and dont have place to build aprtment 😂👎. We will take our land back which supposedly belong to johor.
@@satqqq3956 cry about it
@@derangeddroid4911 well, that guy is spewing... facts thou. Malaysian Chinese and Indian think they can get their agenda of turning Malaysia into Singapore 2.0 aka stressful, materialistic nation across and abolish the Bumis privileges. Huhu I have always roamed around their chatting sites to do some digging 😮
@@azmard4865 wait wdym Singaporeans wanna turn Malaysia into Singapore 2.0
@@azmard4865 we abolish the Malay privileges because we believe all should be equal ok? It’s as simple as that, equality
This was very interesting. Thank you for your hard work!
I had a chance to travel to Singapore. This country is very clean and modern. The standard of citizens is the high rate with salary, quality food, ......
Singapore, the city called country.
But it's a country though
Hongkong too
@@bharatrajput3145 No it's not! Hongkong is a city of china.
@@bharatrajput3145 Hong Kong it's a special city from China their got it own citizenship
@@user-ne6rb3ie2e and no military but Singapore has a powerful military.
It's interesting that Singapore's issue being inequality is still not as bad as in the USA. Singapore is one of my favorite places on Earth, what they've managed to do with so little resources is amazing.
Just a matter of timing , the development of Singapore would be impossible today
Singapore inequality isnt as bad as US.
Malaysia: hold my beer..
There both half of my race :)
Thank you for saying you love my country(Singapore)
@Rich 91 Nurses are underpaid and not well respected in Singapore. The key sectors are different. That's why our nurses to overseas to work and we get poor foreigners to be nurses here. Sad to say
Thank you for the explanation!
One should admire the value creating of Singapore. It invested in many businesses across geographies through its channels. Its a very good sustainable model.
The brighter the lights, the darker the shadows
Wow! Las Vegas is doomed.
@@Jade-sc7ne Vegas IS doomed!
:o
North Korean must be the best country in the world with no shadows then
@@vanniyo8988 your being ironic tho
video:trending
Government :proud
citizens:triggered
Hotel:Trivago
Thx for the likes sia 😄
Aloysius pang:.passed
IM SORRY.😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭
RIP ALOYSIUS PANG MY SECRET CELEBRITY CRUSH
I know about that 😔 news
@@jugemujugemugokonosurikire4735 LMAO YOU GOING TO HELL XD
Ikr he died soo young rip
So much to live for
Life is hard in Singapore. Yes it is a heaven for rich people from all over the world. But not for lot of locals.
Brother just work a decade and move out, you'll be able to afford at least 3 landed property in US
@bell198000 Bruh....keep lying to yourself lmao. Just do whatever makes you feel good. The income to living expenses ratio in Singapore is so freaking terrible. And the way you guys treat your minorities (Malays, Chinese and Tamils) is beyond disgusting.
@@samuraijosh1595 most singaporeans are chinese descendants lol
@@ozymandias8523 Yeah, so I meant the Malays and Indians.
I find your statement statistically weird. To begin with, majority of Singaporean CITIZENs live well above poverty and well above the means of many.
ALOT of locals = what? A couple thousand? Ten thousand? Hundred thousand? Compare Singapore to any country on earth, then compare those countries' resources to that in Singapore. You can't even match the level of needs that SG has given to its citizens compared to most 1st worlds.
My fellow Singaporeans be like: "We're rich meh?" 😂
😆😆😆
You’re definitely rich compared to the rest of the world.
GDP yes personal savings neh it depends
ikr hahahahah just average i guess
Compared to Latin america yes you’re in average 10 times more rich than an average South American
I Visited Singapore in 2014 and i was stunned and amazed by friendly locals and cleanliness of the surroundings. I will visit there again in the near future.
SG is stable, clean and well organized. Housing is the main issue in there.
epSos.de are you living in sg? housing seems fine here imo, they even mentioned public housing in the video
housing? you should go to hong kong and have a look...
Singapore has the best public housing in the world. Not only are they affordable relative to average income, they are well designed, well kept and clean. Cities like London, NYC, San Fran and Tokyo don't even come close.
Not really that clean now
Disagree with the housing issue comment. Public housing is affordable, reasonable and most Singaporeans don't even have to fork out a single cent to pay for the downpayment & monthly instalments because it's all covered under CPF.
Ada bebrapa hal yg membuat Singapore itu kaya dan maju
1. Letak nya strategis yaitu lintasan perdagangan dari asia ke eropa
2. Karena wilayahnya tidak terlalu besar jadi tidk terlalu sulit untuk mengatur
3.karena orang nya di siplin dan kerja keras.
4.pemerintah nya sehat
5.tujuan semua investor dan perdagangan uang jasa dan perusahan lainnya..
It means their government is doing something right, it's also great to be from a country with small population
Oh really, we are rich. I doubt so......... The country is rich but not the people.......
same in germany
one of the highest gdp per capitas worldwide but we arent rich?
Countries are not independent abstract entities; they are constituted by people. Fundamentally, a country cannot be rich if it's people are poor.
Watch the video again if you
still can't get your head around
the disparity that exists.
Even though you have the average per capita income
about 3200k, 20% is accumulated
which leaves you with 2560$ to
spend, in a place which tops the
list of most expensive cities.
true
*Why is Singapore so rich?*
Because they're not Singapoor
Bye
Good. Joke.
😂😂😂😂😂
Rad but i am singapoor
😂
ingon bitaw ko hahahhahahahhahaha
Just visited Singapore couple of days ago and I must say, it was one of the best places I’ve been to. So clean
The main reason is former prime minister LKY who set upand educated good personel source for Singapore and that is the factor make this island so rich.
Yes. But he also got a few policies to get passed that would allow the current ruling party to basically legally be a dictatorship.
@@user-tq9sg6lv6q of course. He is a dictator. And his regime is one kind of enlightment dictatorship.
Lived in Singapore for 2 years in late 90's and left for US. It is easy to hit boredom in that tiny country and so no wonder people stay in offices long after work hours. Foodies will love that place and also it is a very safe country too.
True. I'm very bored right now
Eh. Singapore government is rich. Most Singaporeans are not rich..
mark . m I would not say most are not
What do you define rich as? Being able to go to school? Afford a meal? Having a roof over your head? I'd like to remind you that there are people who have never gone to school before, had to sleep in the cold before and not everyone has the luxury to be able to feed themselves.
@@biri2biri Comparative to a American lifestyle, they are not rich.
@@jameswilson4207 The homeownership rate in America is 64.2% while the homeownership rates in Singapore is 90.4%, one of the highest in the world. Singapore also has one of the world's best education and healthcare system. Not to mention on the the best infrastructure in the world too. And it's really objective when you say an "American lifestyle" and a "Singaporean lifestyle". Are you comparing the differences of an average Singaporean and American or are you comparing to the richest?
@@biri2biri - I'm not really interested in a back & forth. But the video did state, Signapore has a high rate of "government housing". So I'm not too sure what exactly do you mean. Gov housing is not 'homeownership' here in the USA.
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It takes good leadership from the beginning. It takes lots of discipline. But it also has its own problems that we don't see.
*first world problems has entered the chat*
@my opinion is irrelevant but Good sir, could you give me a couple of examples as to how the government is oppressing the citizens of Singapore?
It’s just kinda competitive in Singapore that’s kinda why people are complaining
Another thing, houses are getting expensive even though
U can say that we are not homeless
@Auto blipper I have to pay for my cpf boohoo why doesn't the government give me for free wahwahwah
@my opinion is irrelevant but 3 or 4 Singaporean dollar, but hard workers are getting a little misery!
Why is Singapore so rich?
- ease of doing business
- regional headquarters of big companies.
And chineses
Singapore like The Cayman Islands is a tax haven. In fact our ex Prime Minister Malcolm Turnbull uses it a long with all those companies. NO MENTION OF THIS ONE CRUCIAL FACT MAKES THIS CLIP WORTHLESS. Why is it a tax haven? Because it was a British colony and the very wealthy "park" their trust money there. Explains the outward glitter and inward inequality.
@@lyankhaute7217 there's more Chinese in Vietnam Myanmar Thailand but... you know what's happening there
shipping hub between east and west.
they have way lower in ratio, it's all about the percentage
Singapore has a high IQ population and an excellent education system, strong family values and a hard working population. Other NE Asian Countries also have these advantages but Singapore also had one of the greatest leaders of the 20th century - Lee Kwan Yu.
Philippines: taking notes. 🇵🇭
@Cream PiE nice try communist.
@@JobeeTabs true tho..
Affordable Housing? Somebody arrest her for posting fake news
Hexroad Ammo 😂😂
Affordable is different from cheap
You cant afford?
Look for MP.
Unless you are looking at private property.
Please live within your means.
Hexroad Ammo as a singaporean yes our houses are affordable. Not cheap that I agree. If your a singaporean please educate yourself on economics and valuation of land. Our country is small and demand is high with little supplies of course houses would be expensive but the government pushed the cost down and also provided multiple packages for singaporean families to apply for grants in which effectively shave off a few grand. And also if you worked the CPF is more than sufficient to buy a house meaning to say by right if your not a free loader you would be able to afford a house without using cash. Please just get out of Singapore and also open your eyes for example the most similar city also a financial hub Hong Kong’s property prices is only affordable to the rich. In Singapore 95% and above of Singaporean’s fully own our own house. You have no idea how blessed you are to be a singaporean and to be here. Open your eyes travel out of your comfort zone and I am sure your views would have changed. If not then I suggest you either leave and look for your wonderland or go look for counselling because you are either not bothered to educate yourself on macroeconomics and the reason why property prices in Singapore cannot be lower than current valuation due to demand and supply (little land). It is people like you that complain for the sake of complaining and not realising that you are blessed that annoys me. Sure go ahead and migrate to get a house for thousands of dollars or few grands for a large house but at the cost of security, safety, job opportunities, family enrichment, family safety, child education etc. You should be ashamed of yourself for not understanding that our houses is affordable and cheap in this regard to all Singaporean’s but not so for foreigners.
Nah, houses aren't affordable, what a fake news lolol.
Scrolls through comment section..
Hold up, lemme get my popcorn ready 🍿
The answer is pretty simple: LITTLE TO NO CORRUPTION
No corruption : this a major reason of Singapore prosperity.. No corruption : this a major reason of Singapore prosperity..
Singapore, I believe, has ingeniously combined her Eastern and Western Heritage together with her good realistic management, educational orientation and most important of all NO CORRUPTION in all forms, Plus ONE Party RULED to see her through up to today.
No corruption? Haha the moment someone said that, we already know what bs is up ahead 😮
corruption is legalised by tax profiteering , do your country have COE , ERP , GST and much much more compared to singapore ?
When looking at the country's high average income and inequality, the video seems to have missed that Singapore is a city state. In most countries that have a mixture of rural areas and cities of various sizes, the largest cities tend to have the highest inequalities. But the average inequality of the whole country is evened out by the relatively lower levels of inequality of rural areas. Singapore has no rural areas.
This is a great summary.
The reason is it’s high level of economic freedom (I mean it’s literally the country with the highest level of economic freedom in the world)
Used to live in Singapore. Loved it! But it's not exactly to compare Singapore (a city) to the whole of Germany or Japan. Singapore vs Berlin vs Tokyo is more appropriate.
Tokyo has the same GDP as whole India. Tokyo is on the top
@@YouPheow i want to come back one day
@@RatherA That's not true.
@@RatherA yeah maybe in GDP nominal but in gdp ppp India is richer than Japan and I am not talking about per capita
As someone who live in Tokyo, I really love Singapore. The culture and the food are amazing. Im looking forward to be able to go there again !!
Rich Singapore because of Rich Foreigners invest and living here. Citizens Struggling. Daylight robbery.
this is false. singaporeans are mostly very well to do. there is a percentage of people who dont make alot of money. But they usually are still well to do.
AOSRoyal you got it all wrong. Most Singaporean’s can hardly meet ends need.
@@dennyderawan986false. The avg salary is 5.5k. Even some of the 'poor' people use iPhones. There are no beggars on the streets like other 3rd world countries. Everyone gets cheap and quality education. Even if you fall under the poverty line, you are much better off than those who are actually poor in countries like Venezuela, sudan and etc. Those who cannot make ends meets, usually have some kind of baggage due to their past bad decisions or just simply did not bother to put effort to get more affluent. The issue with Singaporeans is that they have become needy and entitled citizens.
walao where got day light robbery?
YES !!!
Love how this video shows the pros and cons of each point !
4:23 Singapore has one of best public transportation systems in the world so you don’t really need a car to get around.
I think Singapore really invest in education and trainings. They use their brain at all times.
An intelligent assessment by you. Good.
Indoraptor The Evil Hybrid lol wow your so smart you wouldn’t have the video schools sucks
Uneducated people like you should keep your mouth shut if you don’t know anything
You got that right .
Yeah
please make the vaksin ... pleaseeee... 😂😂😂😂
I'm Malaysian and yet Singapore is my role model..
Most of us are rich because most of us we are very hardworking
Lee was a great visionary and pragmatic politician. In my opinion, he straightened up all the pain points of a free democratic system. And created almost a flawless system of governance. Singapore's ability to stay focussed on a future vision while staying away from short term political expediencies is the secret to its success. Exemplary !!!!
Lies again? UEFA SW Age 12
i think as citizens , we literally only know how to complain🤦♀️ no matter how "poor" we think we are,those from other countries have it a lot worse
Ikr......I am very grateful for where I live
That's what I believe as well. I honestly feel like we're taking things waaayyy too much for granted :T
I mean we're privileged with all these yet we want more and more. That's why I'm so grateful having all of these
extrachicken wang Special note: There is also a Singapore city Michigan, USA, which was name after Singapore country and a beach called “Singapore Sand Dunes” in Michigan..a famous tourist spot. 👍 c
atleast you guys dont have to facing racist people everyday and hear those low IQ shit ppl keep asking chinese back china and indian back india all the times. and put every blame on other 😂
Maybe Singaporeans have the Kaisu mentality... always comparing against the better ones hence the complain?
Average salary higher than Germany etc.......you must be joking. How can you confuse yourself wth GDP per capita and average salary?
Mun Poh Tang , no they collect too much tax so they have to give them back a bit
Plus, the more you your salary, the higher your taxes
Sorry, gst
Heard some claim that Singapore's GDP/capita is inflated as they only include the citizen population when performing the computation i.e. by dividing Singapore's GDP by it's 3.2-3.6m citizen population instead of it's total 5.6-5.8m citizen+non-citizen population?
Singapore is rich because the leaders are professional high in moral god fearing no corruption no stealing. Honourable government will be blessed by almighty lord
Errr... you want to get new citizen is it??
Thank you.☺
Xin En Lee a very successful server👏🏻
Lee Kuan Yew is the Hero, Singapore was fortunate to have such a leader.
As long as you weren't regarded as a deviant with long hair and willing to live in a steel and cement box.
We really have him to thank, but his descendants however... let's just say that we need to buck up.
Melaysia got racial
A benevolent dictator is the best for a new country. However, countries evolve and need to learn to govern by themselves.
Singapore is a wonderful place!!
Singapore has an amazing government that's why. Superior in the world.
It's really a very expensive location,imagine living in Mumbai and later moving to Singapore, it's a shocking cost difference
I found it a very Luxurious country.
Recently visitied.
I dont want stress so i want to live in the mountains
*I pray whoever read this will be successful, keep fighting for success, the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing, roar!!, invest, earn and be successful.*
Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works
I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading
But successful people don't become that way over night,what most people see is a glance wealth,a great career,purpose is the result of hard work and hustle over time
Experience goes a long way when dealing in the crypto space, brokers or tutors are necessary to avoid huge losses and damage control, those of us who trade stock certainly see the need for that.
I've come to understand when dealing with trading either on crypto or stocks, a professional broker is always required, their knowledge and experience makes it fair and profitable to play.
Investment are stepping stones to success, investment is what create wealth
When you invest you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
@One Big Happy Life It's not ignorance but due to some unprofessional expert in the market
I'm from Spain I have been an Investor in the crypto market for over 2 years now
One of the most developed countries in the world.
The urban development perfection can blow your mind.
Nice food and nightlife as well as great shopping experience even at the airport.
A perfect 10/10 and a great place to settle a secondary house as a millionaire.
which is why not welcomed. we are a homeland, we are not born to be servants, neither does anyone agrees to be treated as so.
I was fairly fortunate to grow up in a middle-class household that spent money at lower-income household levels. We still got our yearly overseas vacations, but we were reminded constantly of how lucky we were.
Once I forgot to bring a parent consent letter to school (one of those elite schools) and my classmates casually told me to get my maid to bring it for me before school ended. They were seriously confused when I said I didn't have one.
How old are you?
Absolutely love Singapore… Visited the country 3 times and hoping to go back when COVID is under control.. Singapore has been very good to my sister and her family, much safer than the UK.
Hello Jennifer how are you doing today
Singapore: There is so much inequality and the cost of things are so high
Hong Kong: Hold my cigarette
As a singaporean myself, i will know that inequality will and never be beaten down by anyone not even the government as it has already grown onto the roots of Singapore.
If your country was able to move from being one of the largest slum settlements to being one of the richest countries in the world, I'm pretty sure that inequality can be solved as well.
3k is not a bad salary but given the cost of life it will only get you through the month if you don't have children or complications. It's like living on 2300eur a month in Belgium.
Is actually higher than the median in the US, remember median is different than average.
See those ‘pigeon hole houses’? Think again.. those public house cost half a million SGD to purchase and not yours to own but live in like a borrow till gov takes back then land at anytime and reimburse you with an amount determined by them. That high cost for a small house only to be kicked out as and when… that is not very sufficient with 3k earning, auto deduction of pay with a take home of 2.7k. There’s sooo many people who live above 3k, people below 3k are stucked…
Great video to understand Singapore! Thank you!
Good research done. Ty
"Political stability - the single reason why Singapore is doing so well.
It both baffles and pains me to see how many people still love to complain about the situation in the city-state - which surely is the best place to live in the world.
And the sole reason it can be what it is, is its political stability. That's what so many fail to realize.
Unlike in the West, where no government knows if it's going to survive the next 2, 3, 4 years, in Singapore the ruling PAP has always been rather comfortable, knowing that it will retain its position after the next round of voting.
Why is it important?
Simple - can you imagine planning 5, 10, 20 years in advance, if you don't know that you're going to be in charge? How do you make strategic choices about the country's future, if 3 years from now opposition can take over and rip all your ideas apart?
If you want to see how it works, just look at Malaysia - HSR delayed, ECRL cancelled, MRT2 postponed, MRT3 axed.
That's why nothing ever gets done in the West these days either. Countries are sinking in debt, dragged by economic stagnation and unsustainable welfare - welfare that was passed, in the first place, to buy votes in previous election cycles.
It's not a sustainable way to govern - it's a recipe for disaster.
Singapore is so wealthy because foreign investors and business have long been assured of its stability. They know the tax regime is going to be friendly, that there is no bureaucracy to worry about, no corruption, that it's safe and well-organized.
But who would invest in a small country where chaos reigns?
Can you imagine a coalition of opposition parties, for whom the common denominator is merely their reckless hate of the PAP? Foreign capital would be gone faster than it came in.
Of course many people who support opposition are also highly opposed to "Foreign Trash". Oh you see a lot of this vitriol around - what is doubly ironic as many of them actually work in foreign companies. Somehow this contradiction is lost on them.
You can't be pro- and anti- at the same time. You cannot be both open and closed. You cannot support competition and expect someone to build protective barriers to ensure you have a peachy lifestyle. You cannot expect foreign capital to come and not bring foreigners with it.
You have to fend for yourself - and Singaporean government has created the best conditions for people to actually be able to do that - precisely because it didn't have to worry about political competition too much and could focus on good governance with a long term in mind."
Marcus L you can also use the example of NEWater
Our prime minister had planned about what happened if Malaysia raised prices for water thirty years before it happened
Lol
Um...the country is losing space and it's heating up..
@@ohhellnah3407 k. Bet you also complain about drinking NEWater and 5mins delay of mrt
@@lynxkiller7795 never ride the MRT before. I have another transportation... 😐
Becoz Singapore has the best leader.. 💓👍
Thank you for this video. I visited Singapoore in 2003 and loved it.
04:19 Singapore has been named the world’s most expensive city.
Hong Kong : Am I a joke to you?
Me as a singaporean has nothing to do in Singapore
Even though we have so many places in Singapore
Singapore: ya.. that's my elder brother. But isn't it the younger one who gets attention?
The naming came from the EIU survey I think, based on an expatriate lifestyle (which typically consumes more premium goods & services). What that survey didn't manage to capture I think was the fact that basic and premium goods & services in Singapore have larger differences in prices than in other cities/countries. E.g. Starbucks coffee in Singapore costs about the same as in Western countries I think (S$4-6/cup), but coffee sold in local open-air coffee shops/hawker centres (buildings dedicated for street food sellers to operate, for hygiene reasons) are much cheaper (S$1.20-$2/cup), although you might argue that these 2 types of coffee are a little different (the local ones are said to be sweeter and oilier, maybe because different coffee beans are used (probably Robusta instead of the more expensive Arabica I think) often from nearby Indonesia, lowering shipment costs. (It helps that coffee-growing & Singapore are both in tropical climates I think.) The beans are also grounded in advance in a factory rather than being ground on-the-spot in the coffee shop with an expresso machine)
Actually Singapore, HK and Osaka are joint first.
Hii....
Good information...tnx
Singapore is my dream destination
You are beautiful... Love ya
Are you sure you can film outside of someone's door???
People be like hearing stuff and they just look outside and be like °~°
interesting to see NZ as one of the easiest places to do business, i guess it's the whole process of opening a business is super straight forward
very nice place to visit in singapore! happy to see it from your point of view. :)
Singapore is super rich because a lot of investments by foreign countries.
Singapore Government is the smartest Government in the world, they know how to overcome economic problem, social problem, and politic problem.
People love to come Singapore because very low crime rate and peaceful.
Because Of this Government build more HDB thats is eco-friendly but heavy which makes Singapore really close to sinking.
And its bcus LEE KUAN YEW WANTED GREAT MINDS. NOTHING WRONG WITH THAT WE NEED RESOURCES BUT THEY ARE MAKING TOO MANY BUILDINGS ONE DAY SINGAPORE WILL SINK THAT IS WHY 2017'S National Day told us Singapore would be in the sky..
*Not all are rich*
@@abilbatman9406 i only know Sg Government is super rich.....
@@MrAlbertYam *Some of Singapore residents are really poor like Philippines it's true*
@@abilbatman9406 Well yeah, there's always those people who take education for granted and choose to walk down the path of "Fun" only.
Singapore is a really smart country with the highest average IQ.. The way it has managed the waste is really commendable
U mean the island?
thank you so much !
You are lucky If you can be a Singapore citizen , Singapore is great country to live and work.
Every Singaporean here has just one thing to say. "WE ARE NOT RICH, OUR GOVT IS"
We indians
- we aren't rich politicians are 😭😭
true
every Country's natural resources and business is rich not the people sadly
The Central Provident Fund(the mandatory savings accounts!) has kept Singapore from going into a couple other recessions since independence!
What an amazing video, I would love to get more knowledge about it so I can start earning for my kids
Nice talk, saving up for the kids is something that really shares me up
Yeah, I just recall how I was brought up with bank savings and this generation is gradually developing with various ways of investment
@@MichaelJohnson-jm8ct And bitcoin is amongst the top successful investing plan to invest with as of now
@@elizabethwilson7766 You're absolutely right, bitcoin was launched 10years ago and it worth nothing then but take a good look now, it's above $20k
@@angelinasmith3206 When I saw the price of a bitcoin, I was really in shock 😲, I never really expected it to run up to that level so quick
I’ve been working in Singapore for almost a year, but I don’t think Singaporean are rich. The government probably rich as fk, but the ppl here work so hard for life. 12 to 14 working hours is normal in Singapore, so only if you live in the country you know the truth.
Daniel tseng so why is Singapore so rich?
@@rayquaza4924 It has one of the busiest ports. Making it a good business for import and export.
Why is Singapore rich? Well, cos the Singapore govt is rich
Roy Tang their geographic location is perfect in south east Asia, the port and the flights almost must go through them.
Hello im from Brunei..i've never been to Singapore. I would like to one day.