Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • Bitcoin USD

    63,585.19
    +463.92 (+0.73%)
     
  • CMC Crypto 200

    1,335.67
    -60.87 (-4.36%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • Dow

    38,239.66
    +153.86 (+0.40%)
     
  • Nasdaq

    15,927.90
    +316.14 (+2.03%)
     
  • Gold

    2,349.60
    +7.10 (+0.30%)
     
  • Crude Oil

    83.66
    +0.09 (+0.11%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Singapore water price to increase by 50 cents per cubic m over next 2 years

The first phase of water price increase in Singapore will see a rise of 20 cents per cubic m, followed by 30 cents in the next.

Cropped shot of a woman washing hands with soap in the kitchen sink, illustrating a story on rising water prices.
Water prices in Singapore are set to increase by 50 cents per cubic m over the next two years. (PHOTO: Getty) (d3sign via Getty Images)

SINGAPORE — Consumers will soon have to pay more for water, as prices are set to increase by 50 cents per cubic m over the next two years.

In an announcement on Wednesday (27 September), Singapore's national water agency PUB said the water price hike will be revised in two phases – on 1 April 2024 and 1 April 2025 – to reflect the rising costs of producing and supplying water.

The first phase will see an increase of 20 cents per cubic m, followed by a further 30 cents per cubic m from 1 April 2025. For NEWater customers, the NEWater price will increase by 17 cents per cubic m, similarly carried out in two phases.

ADVERTISEMENT

According to PUB, the phased approach is intended to help households and businesses adjust to the price increase and allow more time for the adoption of water conservation measures.

Currently, the price of potable water is set at S$2.74 per cubic m. The water price revision represents an increase of about 2.5 per cent per year since the last price revision in 2017, or about 18 per cent from the current price of potable water.

Changes in your water price after April 2025 revision

With the full implementation of the water price revision from April 2025, PUB said that three in four households will see an increase of less than S$10 in their monthly water bills, before government support. Similarly, three in four businesses, including small and medium enterprises, will see an increase of less than S$25 in their monthly water bills.

Follow us on Facebook, Instagram, TikTok and Twitter.

Yahoo Singapore Telegram
Yahoo Singapore Telegram