5 C's that signifies Singapore

In Singlish dictionary, which is a Singapore special lexicon, 5C’s stands for Cash, Credit Card, Condominium, Car and Country Club membership. The person with 5C’s are noted as a complete man in Singapore, who has achieved a certain benchmark as per as materialistic achievement is concern. In a capitalistic society like Singapore, this benchmark is very popular while accessing an individual with materialistic achievement parameters.

Cash is the spending capacity and spending habit of the individual. In Singapore a cash rich individual is treated more successful than a famous individual in his or her own field but in less cash or liquidity. Financial security and solvency is the number one parameter to judge a person’s success matrix.

Every 10th resident in Singapore owns a car. You will find all the happening car models on the road from manufacturers across the globe. In Singapore all car has to be right-hand driven. Owning a car is looked as a status symbol in the society. But cars are really expensive in Singapore, as due to import tax, almost 200% tax amount is charged by the government.

In Singapore you have to have a salary of $30000 Singapore dollar to have a credit card. So the first level screening is done on eligibility. One individual can keep multiple credit cards issued from different banks or financial institutions. This suggests the person’s liquidity and solvency in cash less situation. Owning credit card is also a status symbol in the society.

Condominium stands for deplex housing or luxury apartments in the country. Due to land limitation, the real estate is a social status parameter in Singapore. The apartments subsidized by local government are only available to permanent citizens.

Country Club memberships are also a status symbol in the country as there are very few clubs with golf courses and tennis courts.