The Week In Numbers: More Pain For Homeowners

The cost of taking a shower is set to rise. Water prices will go up 30% by July next year, after two rounds of hikes. For the average household this could mean an extra $9 to $15 a month. The increase will comprise of higher water tariffs, water conservation tax and restructured waterborne and sanitary appliance fees. It’s time to bring out the water hippo.

Further evidence of inflationary pressures in Singapore was provided by the Department of Statistics. It said the Consumer Prices Index rose for the second straight month. The price of a basic of goods rose 0.6% in January compared to a year ago. This was faster than the 0.2% increase last time. Core inflation, which strips out volatile items, rose 1.5% year on year.

The boss of City Developments (SGX: C09) reckons that the worst is not over for the Singapore property market. However, Kwek Leng Beng said the worst has slowed down. Singapore home prices fell 3% last year, as a result of the government’s cooling measures.

While the worst may not quite be over for the property sector, there does appear to be greens shoots for the oil and gas sector. Sembcorp Marine (SGX: S51) swung into the black with a fourth-quarter profit of S$34 million. Last year it made a loss of S$536 million.

And finally, Monopoly fans have voted to drop a silver-coloured thimble from the game. The marker has been a feature on the board for 82 years. The thimble is the second of the original pieces to be dropped. The first to go was the iron.

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