One of the things you might often here myself or my wife saying as we walk along the aisles in a store or supermarket is “It costs how much?!” One of the hardest things for me to get used to is the difference in the value of the currency. So, costs initially seem high to me on first glance. Often, after I take the time to pull out my phone and check the conversion rate, it’s not as bad as I had thought. Sometimes it’s still priced higher than what I’m used to, but you also have to consider import fees. On top of that, there’s a 7% GST (goods and services tax).
Sometimes though, I just can’t figure out where the difference in cost is going. Sometimes I think it’s just a matter of merchants overcharging because they can. It’s as if anything that even hints of luxury here, whether it be a pair of Asics (225 SGD?) or a pair of jeans (120 SGD?), gets a hefty price tag put on it.
One way to get around this is to keep an eye out for sales. This is also one way I’ve determined that ‘normal’ prices are often too high. The sales will often price items at 50% or more below the normal price. Now, you know that even if there is a sale, the company still wants to make a profit, and if they can make a profit at 50 – 60% off, then the ‘normal’ price is a bit steep. That’s fine. That’s just how it is here. It just teaches you something, and that’s to keep an eye on flyers and make sure you know when there’s going to be a sale on an item you’ve had your eye on.
So, when you’re walking around in Singapore, don’t go nuts when you see the prices. Remember the conversion rates, remember the import fees, and remember to wait for the sales.
Despite knowing all that, sometimes I’m still shocked, like when I saw these cereal prices:
And it’s not just the Cheerios. Have a look at some of the other items along the shelves in this photo:
As much as I love them, I’m not going to pay over 10 bucks for a box of plain Cheerios. I mean, they weren’t even Honey Nut Cheerios. Don’t these go for about 3.50 or 4 dollars a box in the US? I decided to be reasonable and I got the 5 dollar box of Capt’n Crunch instead. That’s a decent price, and the stuff is good!