Budget Direct Insurance Money Magazine's Insurer of the Year 2017, 2018, 2019, 2020, and 2021

Money magazine
Insurer of the
Year 2017-21

prices shown in
Seoul vs Singapore
Sel vs Sin

Average net salary (After tax)

Singapore
Seoul

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Sin
Sel
Outside city centre
Sin
Sel

Rent 3 bedroom apartment

Cost per month

In city centre
Sin
Sel
Outside city centre
Sin
Sel

Buy apartment

Price per m2

In city centre
Sin
Sel
Outside city centre
Sin
Sel

Mortgage rates

Singapore
4.5%
Seoul
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Singapore
Seoul

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Sin
Sel

Mobile phone data

One-minute local prepaid call (no plan or discount)

Sin
Sel

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Sin
Sel

Monthly pass

Regular price

Sin
Sel

Fuel prices

Per Litre

Singapore
Seoul

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Sin
Sel
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Sin
Sel
White bread 500g
Sin
Sel
Eggs 12
Sin
Sel
White rice 1kg
Sin
Sel

Pack of cigarettes

(Marlboro)

Singapore
Seoul

Meat & cheese

Chicken breasts 1kg
Sin
Sel
Beef round 1kg
Sin
Sel
Local cheese 1kg
Sin
Sel

Vegetables

Potatoes 1kg
Sin
Sel
Lettuce 1 head
Sin
Sel
Tomatoes 1kg
Sin
Sel

Fruit

Apples 1kg
Sin
Sel
Oranges 1 head
Sin
Sel
Bananas 1kg
Sin
Sel

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Sin $4,070.74/mth
Sel $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Sin $4,070.74/mth
Sel $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Singapore
4.5%
Seoul
5.5%

Restaurant Prices in Singapore are 17.14% higher than in Seoul

Drinks

Coke/Pepsi 0.33L
bottle
Sin $4,070.74/mth
Sel $4,070.74/mth
Water 0.33L
bottle
Sin $4,070.74/mth
Sel $4,070.74/mth
Cappuccino regular
Sin $4,070.74/mth
Sel $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Sin
Sel
Market 0.5L bottle
Sin
Sel

Imported beer

Restaurant 0.33L bottle
Sin
Sel
Market 0.33L bottle
Sin
Sel

Bottle of wine

Mid-range, from supermarket

Singapore
5
Seoul

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Sin
Sel

Summer dress

From a chain store (e.g. Zara, H&M)

Sin
Sel

Shoes

1 pair Nike shoes
Sin
Sel
1 pair men's leather shoes
Sin
Sel

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Singapore
$15.33
Seoul
$11.43

Tennis court rental

One hour on weekend

Sin $4,070.74/mth
Sel $4,070.74/mth

Fitness club

Monthly fee for one adult

Sin $4,070.74/mth
Sel $4,070.74/mth