Most Expensive Neighbourhoods In Singapore To Eat At
The difference between the cheapest and the most expensive neighbourhoods in the Makan Index is a whopping 22.9%!
Food accounts for a large chunk of our monthly expenditure. Whether we choose to cook at home or eat out, we tend to spend a sizeable portion of our income on food. Some of us, however, spend more than others even though we might be spending on similar items.
The Makan Index, a working paper published by National University of Singapore, shows an indicator of the cost of eating out in Singapore.
It has found that certain neighbourhoods in Singapore charge more than others when it comes to food. The study looked at a standard set of food items across 26 (URA) planning areas in Singapore, focusing on only three
types of eating places: coffee shops, hawker centres and food courts.
Curious about which are the most expensive neighbourhoods in Singapore to eat at?
Here are the interesting findings.
Most expensive neighbourhoods in Singapore to eat at:
Why they are the most expensive neighbourhoods in Singapore to eat at:
They are non-mature neighbourhoods
In the study, the researchers found that non-mature planning areas (e.g., Sengkang and Sembawang) have a more expensive basket of food items. On the other hand, mature planning areas (e.g., Ang Mo Kio and Queenstown) have a cheaper basket of food items.
The Makan Index suggests that high food prices are correlated with the high percentage of large multi-generational families in these neighbourhoods.
The cheapest neighbourhoods in Singapore to eat at:
1. Ang Mo Kio
3. Bukit Timah
Why? The study shows that these more mature planning areas have a higher income diversity, a higher percentage of residents aged 65 and above and a higher percentage of households staying in rental flats. Thus, the need for cheaper food is more prominent here.
The price difference between the planning areas with highest (Sengkang) and the lowest (Ang Mo Kio) Makan Index score is about 22.9%. In general, the price difference between mature and younger planning area is about 7.7%.
So, it is true that the cost of eating out in Singapore varies across the different neighbourhoods and you could potentially save a lot on food every month if you lived in a neighbourhood with cheaper food options.
Check out the full list of neighbourhoods studied and the cost of eating out there:
If you’re living in one of the most expensive neighbourhoods in Singapore to eat at, what would your solution be to save more money? Let us know in the comments.
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