Comprehensive Guide About Pawnshop Singapore

Pawnshop Singapore

Comprehensive Guide About Pawnshop Singapore

Pawning is one of the oldest options to get quick cash. You entrust a valuable item to a pawnbroker bound by a legal contract. Understand how it works through this Comprehensive Guide About Pawnshop Singapore. TEST TEST

Pawning requires a legal contract expressing that you must redeem your pledge. For example, paying the loan plus the interest agreed on within a specific period.

Fascinating Pawn Facts

  • The word ‘pawn’ comes from the Latin word pignus, which means to pledge, now known as collateral.
  • Pawnshop Singapore gives six months for their clients to redeem their collateral; they also use this to give the police some time to check suspicious items.
  • In the United States, less than .02% of pawn shop transactions involve stolen items.
  • In Singapore, more than 3% of pawners could not redeem their pledge from June 2015 till April 2016.
  • It was illegal due to loans with interest-based on Mosaic Law.
  • The famous History Channel’s Pawn Stars undeniably made pawn shops more attractive than they used to. The most expensive item they have is a cigar box that belonged to John F. Kennedy, fetching at the US $125,000.
  • The pawn brokers’ patron saint is Saint Nicholas.
  • The three golden balls hanging outside the pawnshop as a symbol possible commemorate the story of Saint Nicholas dropping 3 bags of gold at a poor man’s house to save his daughters from becoming prostitutes.

Pawnshop Singapore


Pawnshop Singapore Origin

When a person has barely enough money to pay the bills and emergency expenses to clear, the typical solution is to take out the family heirloom. Then, go to the nearest pawnshop to get a loan. It has been the most straightforward solution since the 19th century when the first pawnshop was put up in operation.

History of Pawnshop Singapore

Lending money with collateral originated around 3,000 years ago and thrived in Ancient China, Rome and Greece. Peasants used to take their clothes, the most expensive item, to get a loan. Since then, people seen pawning in these establishments are considered poor. Thus, pawn shops are known as “poor man’s bankers”. However, times have changed. Pawnshop Singapore is now commonly used by business people, white-collar workers, and gamblers from all walks of society.

Singapore was founded in 1819, and after four years of starting as a booming settlement, Sir Thomas Stamford Raffles shared his views on pawnshops that began to exist on the island. He said that pawnbrokers have to be regulated under strict rules, as there is a risk that may take advantage of the poor’s needs. 

In 1824, is the first recorded existence of pawn shops. They must tax $480 to the British colonial administration since Singapore was a British settlement.

It is now common for a pawnshop to be owned by a Chinese. In 1872, Sheng He Dang opened the first Chinese owned pawnshop. By 1886, there were 26 pawnshops giving loans to poor locals. Since the business was steadily booming, there was a need to regulate the industry. Thus, the Pawnbrokers Ordinance was then passed in 1898.

Rise of Pawnshop Singapore

From 1620 to 1929, 25 pawnshops rise in the industry. The 22 pawnshops were owned by the Hakkas, the last surviving remnants of Northern Han Chinese. According to the records, these pawnshops could generate a monthly turnover of $2million a month. Yet, the industry received its first serious blow in 1929 during the Great Depression. The brokers began to pick up the pieces and started gearing again in 1935. Unfortunately, the second serious hit went down on them during World War II.

After the war, it was time to restart the business. Fifty pawnshops were thriving by 1978, then in two decades, 19 more entered the industry. As for the regulations, The Pawnbrokers Act exists. It has been revised from time to time further to increase the quality of services to the Singaporeans. Currently, there are 277 registered pawnshops in Singapore, located at convenient places for everyone in need of quick cash.

How Pawning Works

Pawnshop Singapore, as many know, thrives with secured loans. Yet, unlike the banks which use homes and cars as collaterals, pawnshops accept signature bags, luxury wristwatches and pens, jewellery and gold/silver as pledges. Of course, the broker may have other businesses, such as a jewellery store. But the main focus is pawnbroking.

The Process of Pawning

When you enter the shop to pawn your valuable item, the appraiser will authenticate your pledge, whether real gold/silver for jewellery or genuine or imitation for luxury watches and bags. Expect your jewellery to be weighed, scrutinized under a magnifying glass, and closely examined. The appraiser will then decide the value of your pledge based on its second-hand retail price.

The price will also be based on various factors. The broker will consider the economic trend when appraising jewellery, especially now that the gold price is fluctuating. The broker will try to predict its future value. The edition of the limitedness of design will be considered for bags and watches. Remember that the broker aims to see that they can benefit from the pledge should you fail to redeem it.

The brokers also use the web to appraise your pledge through an old business. They surf through buy and sell websites such as eBay and Amazon to know the current prices opened to the public. When it comes to gems and jewellery, they will consider the weight, cuts, rarity, and metal works. Brokers usually hire staff with expertise in such valuables.

Though it is not yet proven, some think that the sentimental value you have with your pledge also affects its value. The more emotionally attached you are to the collateral, the higher the value it goes because you will be more determined to redeem it.

After the appraiser has set the price, you can only borrow around 60-80% of its second-hand value. Then you have to provide a personal identification card to prove your identity and current age. Furthermore, it prohibits minors age 16 and below to pawn any valuable. Finally, if your collateral exceeds the worth of $200, you have to prove your ownership with legal documents such as purchase receipts.

If you can’t prove that you own the item, the broker might suspect that you have stolen it or acquired it through illegal activity. Should this happen, they are given the right to detain you and seize the suspicious item until the police come for further investigation.

Calculating the Value of Pawnable Item

Pawning seemed easy; it only required a pledge and an id. Apart from it, the interest rate may appear low. Yet the pawnshop Singapore can raise the interest rate by 1.5% every month until you redeem the collateral. Loans through pawning usually take six months. After six months, the ownership is legally transferred to the brokers. After that, it is at the discretion of the brokers on how they will dispose of the valuable unclaimed items.

(Amount of pawn loan) x (Number of months for the loan) x 1.50% = (Interest charge)

If you miss three months:  1.50% interest rates multiplied by 3 months = 4.50%

After successfully pawning your valuable item, make sure that you keep the pawn ticket. Remember, it is a hassle when you lose it. First, you have to get down to your pawnbroker. Then, ask for a form of declaration and fill it out. Afterwards, make a declaration before a magistrate or a Notary of Public. Complete the process within 3 days.

Imagine the hassle and extra expenses you could have saved if only you had kept the pawn ticket in a safe place.

Pawnbrokers Act

Since 1st April 2015, auctions for unredeemed items are no longer held in Singapore as per the revised Pawnbrokers Act. Since the brokers now own the forfeited items, they can decide what to do with the pledges. So if your item has a deep sentimental value for you, make sure that you will be able to reclaim it. Unfortunately, not all pawners are successful when paying off their collaterals; around 3% of Singaporeans could not settle their loans and lost their pledges.

After paying off the loan, you can get back your precious item. If you cannot settle in six months, you lose the stuff, yet your responsibility of paying the loan also ends with it.

Pawning sounds easy, but you also have to know that there is a possibility that a broker will reject your item. And what if you do not have an asset that can be used as collateral?

Pawning is to risk losing your beloved valuable in a minimal period. However, you can choose to get a personal loan from licensed moneylenders such as Cash Mart. Personal loans have flexible terms and payment schemes that fit your unique needs.

pawnshops in Singapore


Gold: The Most Pawned Item

It is no secret that the most pawned item and the prime acceptable item is jewellery, especially gold. On Wednesday 15th June 2016, the gold price in Singapore calculated in Singapore Dollar (SGD) closed at $23.35 per gram of 10karats. A gram of 24 karats was $56.04.

The value of gold in the world market that directly affects its value in the industry of Singapore often changes. It has its ups and lows. The pawnbrokers watch the trend close to predicting its value in the future.

Traditions have Changed: The End of Auctions

The auction of unredeemed pledges has been part of over half a century of pawnbroking tradition. Unknown to many, the auctions are open to the public. Anyone can bid on the pledges, yet jewellery resellers are more aggressive in bidding that scare away the public bidders. And pawnbrokers admit that they don’t gain much with auctions as they have to shed money to organize it.

The Pawnbrokers Act was revised in 2015, removing the auction system. The Registry of Pawnbrokers believes that the removal of the auction will let the brokers give better appraisals to pledges. The Pawnbrokers also welcome the change as they do not have to incur auction expenses, and their administrative work has been dramatically reduced.

Instead of disposing the pledges through auctions, the pawnbrokers can either resell the item in their branched jewellery store or melt the gold or silver and recreate it into something new.

Registry of Pawnbrokers

The Ministry of Law requires pawn brokers to acquire a license before operating their business. The Registry of Pawnbrokers implements the Pawnbrokers Act and regulates all licensed pawnbrokers in Singapore. The Pawnbrokers Act is constantly revised to enhance the pawning industry.

Make sure you are only transacting with a licensed pawnshop in Singapore. Check the latest list of valid registered pawnshops at

Ministry of Law in Singapore

Singapore Legal Moneylenders and Pawnshops

Pawnshop Singapore

Pawnshops have been a go-to place whenever individuals need immediate extra cash. It is quick and hassle-free to get a loan, as they only require an acceptable valuable item and an ID. If you fail to repay your loan, you lose your collateral and then your loan defaults. After six months, whether you are successful or not, you are no longer liable for paying the loan.

On the other hand, the low monthly interest of 1.5% multiplies every month by 1.5%. The longer it takes to pay off the loan, the higher amount you have to settle. The loan you can get is minimal. You can’t get cash higher than the 80% of the value of your pledge.

Ultimately, you cannot get a loan without a valuable item at hand that you can prove belongs to you. Do not be tempted to pawn what is not yours. You might end up in jail with a more shameful reputation.

Licensed Money Lenders

Licensed money lenders offer various loans that can fit your need. There is no need to worry if you have a bad credit rate. Cash Mart offers loans despite a not so healthy credit score. If you get loans from a licensed moneylender, you can improve your credit score by repaying diligently and on time.

On the other hand, if you fail to pay as agreed with the lender, your credit score will go down the drain. Do not worry if you might not meet the payment scheme. The Cash Mart staff will be willing to listen to your predicament to make flexible terms only for your dilemma.

With so many moneylenders floating around the web, make sure you only get loans from a licensed moneylender. There is no need to leave collateral you cannot afford to lose. You need minimal paperwork at Cash Mart. The process is fast, and you can get your cash disbursement after 30 minutes.

Practical Solutions for Immediate Cash Needs

Even Singaporeans with regular paychecks could meet a bump on the ground regarding budgeting. It is already hard paying loans while also trying to get by with daily expenses. It is worse when you have to part with a precious heirloom to get by one financial patch. What if you lose all your jewellery, watches and luxury bags just because you failed to pay the increased loan amount from a pawn broker?

At Cash Mart, there is no need to break your heart. You can keep your treasured items. Also, Cash Mart will give you more options to get by. The staff will even give you priceless advice on getting back up financially and staying there.

With Cash Mart, there is nothing to lose. They offer low-interest personal loans with flexible payment schemes to those with a bad credit score. What’s more? You can leave the Cash Mart office 30 minutes after coming in worry-free and cash in hand.

Cash Mart Loan Calculator

Cash Mart Loan Calculator

Are you about to grab a long-awaited opportunity? Or do you need help with everyday life events? Are there sudden expenses like car repairs or bills? TESTx1

Cash Mart believes in providing people with financial tools. Also, they help them get a better chance in life.

With our Loan Repayment Calculator, you can determine the full repayment amount. Also, our flexible terms to settle your loan with ease. Simply drag the slider indicator on the loan repayment calculator. Then, select the amount of money you wish to borrow.

Afterwards, use the next slider to select the repayment term. Next, choose which one you wish to have the loan. It can be weekly, bi-weekly, or monthly.

In addition, our loan repayment calculator will then calculate the interest rates and total repayment amount. Also, it will even indicate your possible repayment dates.

Benefits of Loan Calculator in Singapore

Customising Your Loan with Loan Repayment Calculator

Complete Transparency

Interest Rate Calculator

Responsible Lending

Qualities of a Handy Loan Calculator

Compare Loans Easily With Loan Calculators

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All it takes is a few minutes. We’re fast, easy and hassle-free.


New Car Loan Singapore – Eligibility Requirements

New Car Loan Singapore – Eligibility Requirements

New Car Loan Singapore – Eligibility Requirements

Eligibility And Documents Needed For A Car Loan

  • Loan applicant must be aged 21 years and above
  • Singapore Citizen or Permanent Resident
  • In employment

For Salaried and Commission-based Employees

  • Identification Card (NRIC)
  • Singpass Login
  • Proof of billing ( Any latest bill indicating residential address)
  • Latest 3-month original payslip (Only applicable if there is no cpf contribution)
  • Letter of employment (Only applicable for new employment)

For Self Employed

  • Identification Card (NRIC)
  • Singpass Login
  • Notice of assessment (NOA indicating trade income)
  • ACRA (Accounting/Corporate Regulatory Authority)
  • Proof of billing ( Any latest bill indicating a residential address

For Taxi Drivers

  • Identification Card (NRIC)
  • Vocational license
  • Taxi pass
  • Min 7 days job summary
  • Proof of billing ( Any latest bill indicating residential address)

Quick Loan in 3 Steps

We are committed to providing fast, convenient, and affordable loan solutions.

Step 01

Fill up our simple inquiry form here. We will get in touch with you within 1 working day.

Step 02

Our loan executives will verify your eligibility and documents. Learn more here

Step 03

Sign the contract and expect your cash disbursement.


Our loan executives will verify your eligibility and documents. Learn more here

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List of Licensed Moneylenders & Top Banks in Singapore (2019 Update)

List of Licensed Moneylenders & Top Banks in Singapore (2019 Update)

To save you more time, we’ve gathered the complete list of 157 licensed moneylenders and banks in Singapore verified by the Ministry of Law as of January 1, 2019.

Cash Mart Singapore is among these validly licensed moneylenders and is enumerated at #33.

Our operating hours:

Mondays to Fridays 11 am – 8 pm

Saturdays 11am – 6pm

Closed on Sundays and Public Holidays



Business Name

Business Address

License No.




































185, TOA PAYOH CENTRAL, #01-320, SINGAPORE 310185




13, NORTH BRIDGE ROAD, #01-3984, SINGAPORE 190013



How will this list of licensed moneylenders help me as a borrower?

The updated list of licensed moneylenders in Singapore is well-maintained and regularly updated by the Registry of Moneylenders and the Ministry of Law.

MinLaw (Ministry of Law) and the Registry of Moneylenders collaborated to create guidelineregulating all moneylenders and protectingct borrowers from illegal lenders.

Those credit companies who are non-compliant with the Moneylenders Act and other corresponding regulations of MinLaw will not be on the list.

What are the rules in moneylending that I must know?

As of 1 October 2015, all licensed Singapore moneylenders are only allowed to impose the following charges and expenses:

  • An administrative fee that’s no more than 10% of the principal loan amount when the loan is granted. This fee is when a loan gets approved
  • Late fees should not exceed $60/month
  • An Interest rate on late payments caps at 4% for each month of late repayment
  • The total cost of interest rates and fees should not exceed 100% of the principal loan sum.

If borrower A takes a loan for $10,000, then all the charges (interest, administrative fee, and monthly $60 late fee) should not exceed the principal loan amount of $10,000.

Furthermore, Moneylenders are prohibited from practising the following:

  • First, ask for your SingPass login details through SMS, phone call or email.
  • Then, ask you to sign an incomplete loan contract.
  • Grant you a cash loan without exercising a verification process with due diligence. If you can get approved without any documents or requirements, your lender is not operating as law mandates.
  • Retain your personal ID documents such as your NRIC card, passport, driver’s licence, etc.
  • Ask for an upfront fee before your loan is approved and disbursed.

How will I know if the online ad is from licensed moneylenders?

As of 1 November 2011, all licensed moneylenders are permitted to advertise using only these three channels:

  • online or printed business directories;
  • websites owned by the moneylender; and
  • advertisements within or on the exterior of the money lender’s business premises.

Other channels not included on the said lists are prohibited.

Moneylenders with social media ads are either unlicensed moneylenders or legal money lenders violating the Moneylenders Act. So, ignore those Facebook, Instagram or Linkedin, and Google Ads.

Avoid borrowing from these lenders.

If you are looking for a legitimate money lender, you must take your time to shop around, read moneylender reviews, and get the feedback of the people you trust.

Though the government has done their best to regulate the money lending industry strictly, it still pays to be vigilant to avoid loan sharks and illegal money lenders who post as legitimate businesses.

Why Choose Cash Mart Among Other Licensed Moneylenders

With Singaporeans’ changing lifestyle and evolving culture, loans have been a part of their lives for emergency needs and added convenience.

Gone is when personal loans are just for bridging payday to payday or expanding small businesses. Now, loans can also be used for your grand wedding or a perfect vacation getaway.

Banks and licensed moneylenders in Singapore will offer you various loans, whatever your reason for a loan application.

Licensed moneylenders in Singapore offer more flexible loans with a shorter process, taking pride in instant loans for Singaporeans and expats.

With many moneylenders floating around online to offer loans, take the time to choose where to apply for a loan.

Choose a moneylender with a long list of satisfied clients, transparent terms and proficient service. Need instant cash but are confused about which lender can meet your exact needs?

As the leading legal private moneylender in Singapore, Cash Mart is backed by a team of trained staff willing to walk you through the process.

With innovative solutions, you can indeed walk out of its doors within less than an hour with satisfaction and cash in hand.

Get your needed loan now at Cash Mart, drop by or give a call and experience service from the friendly staff: uniquely personal and professional.

Our operating hours:

Mondays to Fridays 11 am – 8 pm

Saturdays 11am – 6pm

Closed on Sundays and Public Holidays


Top 20 Singapore Banks (2019)

Singapore is known as the banking hub in Southeast Asia. It is an international financial centre under a government practising pro-business policies. Furthermore, our banking industry, regulated by the Monetary Authority of Singapore, manages more than $350 billion of assets.

Our global economy has been shaky, but now the markets are gaining ground and stability. Understandably, both Singaporeans and expats consider various factors when choosing their bank.

Out of Singapore’s 111 commercial banks, 49 merchant banks, and 45 banks with representative offices, we presented our Top 20 Singapore Banks in 2019.


  • Established by the Government in June 1968
  • 100 branches across the city-state
  • Can make fast transfers between currencies
  • Has affiliated branches worldwide
  • There is no minimum balance required and no minimum salary input.
  • Holds a long-term credit rating of Aa1 (High Quality) from Moody’s
  • 2018 Total Assets at USD404.1 billion
  • License Type: SGS Primary Dealer

UOB Singapore

  • Founded in 1935
  • It has 68 branches in Singapore
  • More than 500 offices in 19 countries across Asia-Pacific, North America, and Western Europe
  • Holds a long-term credit rating of Aa1 (High Quality) from Moody’s
  • 2018 Total Assets at USD277.99 billion
  • License Type: SGS Primary Dealer


  • Operates through more than 570 branches
  • Second largest financial services group in Southeast Asia
  • With representative offices in 18 countries
  • Formed in 1932
  • With an Aa1 rating from Moody’s
  • License Type: SGS Primary Dealer and Local Bank

Citibank Singapore

  • Began operations in Singapore on 1 July 1902
  • Operates over 2,600 branches across 160 countries
  • Low-cost bank to bank money transfer from Citibank Singapore to another Citibank branch abroad.
  • License Type: Full Bank and SGS Primary Dealer

HSBC Singapore

  • The oldest banks were established in Singapore (December 1877)
  • It has 9 branches with ATMs and over 10 self-service terminals
  • The first bank to remove sales commission in Premier banking
  • License Type: Full Bank

Maybank Singapore

  • Active in Singapore since December 1960
  • It has 27 service locations across the country
  • 2018 Total Assets at USD189.1 billion
  • License Type: SGS Primary Dealer

Standard Chartered Singapore

  • Started operations in the city-state back in 1859
  • Singapore’s largest custodian bank for foreign institutions
  • Has 19 branches, 7 Priority Banking centres
  • License Type: Full bank and SGS Primary Dealer

ANZ Singapore

  • In 1974, it was founded as a representative office of the Australia and New Zealand Banking Group
  • Converted to an offshore bank in 1980
  • Implemented an adult financial education program in collaboration with the Institute of Technical Education
  • License Type: SGS Primary Dealer

SBI Singapore

  • State Bank of India started operations in Singapore in 1977
  • Has a distribution network of 7 retail branches and 24 SBI ATMs
  • License Type: Full Bank

Bangkok Bank Singapore

  • A Thai Bank operating in Singapore focusing on corporate customers
  • Provides full commercial banking services
  • It has 32 branches in 15 economies
  • License Type: Full Bank

CIMB Singapore

  • Operating in Singapore since 1947 through Ban Hin Lee Bank
  • By 2009 CIMB had begun to offer universal banking services
  • Has Islamic banking products
  • It has 3 branches in Singapore
  • License Type: Full Bank

ICICI Bank Singapore

  • The first overseas branch is the Singapore Branch
  • Supports India’s trade with Singapore to address the needs of the global Indian community
  • Presented globally in 19 countries.

RHB Bank Singapore

  • Started operations in Singapore in 1961
  • Located at the wholly-owned 17-storey building at 90 Cecil Street
  • It has a network of seven (7) branches located around the island
  • License Type: Full Bank

Bank of India Singapore

  • Active in Singapore since 4th June 1951
  • Equipped Forex Dealing Room
  • Specialisation in India related business
  • Currently has three branches
  • License Type: Full Bank

Indian Overseas Bank Singapore

  • It started its activities in February 1941
  • It has a branch at Cecil Street and a Remittance Centre at Serangoon
  • Has well equipped Forex Dealing Room
  • Extended working hours on Saturday
  • License Type: Full Bank

J.P. Morgan Singapore

  • Operating in more than 60 countries
  • Has total assets of about USD2.3 trillion
  • The Singapore branch became the hub for J.P. Morgan’s South-East Asian operations.
  • License Type: Full Bank

Hong Leong Finance

  • Founded in 1961
  • A subsidiary of the Hong Leong Group
  • It has a network of 28 branches and 10 SME Centres
  • License Type: Finance Company

BNP Paribas Singapore

  • Begun operations in Singapore in 1968
  • Focuses on Corporate and Institutional Banking
  • Has a presence in 14 markets
  • License Type: Wholesale Bank

Bank of Singapore

  • A subsidiary of the OCBC Bank
  • Specialises in private banking and wealth management
  • 2018 total assets at US$32 billion
  • License Type: Local Bank

Mizuho Bank Singapore

  • It started its branch operation in Singapore in 1974
  • With over 900 offices in major cities such as Tokyo, New York, and London,
  • License Type: Full Bank

For more than 100 years, banks have been known as the go-to places to get premium loans, yet soon Singaporeans have developed an insight that banks only lend to those with sound finances: basically, those who don’t need loans.

Those who have just enough money in their bank accounts get a hard time processing their loans as banks believe it is too risky to lend money to them.

These brick-and-mortar establishments have devised a long list of required documents to assure less risky loan transactions; however, this results in a few days of the process, which beats the need for quick cash.

Banks are also mindful of lending to those with bad credit scores, no credit history, foreigners and no regular income.

Fortunately, you can easily get a loan from online licensed money lenders whenever you need extra cash.

Experience the fastest and most affordable online loans with Cash Mart today.

What is SGX (Singapore Exchange Limited)?

What is SGX (Singapore Exchange Limited)?

Are you curious about SGX? What is it all about? How does it work? Get answers to your questions as we discuss more of it.

Investing has been catching the attention of Singaporeans nowadays. Singapore Exchange has finally introduced a minimum trading price (MTP) for Mainboard companies. As a result, more investors can now access SGX. If you are a beginner, here are some things you should know.

SGX Singapore Exchange Ltd

On 1 December 1999, the SGX was founded as a holding company. Eventually, it took over the stocks of the Stock Exchange of Singapore (SES), Singapore International Monetary Exchange (Simex) and Securities Clearing and Computer Services Pte Ltd (SCCS). Then, SGX issued SGX shares to the existing shareholders of the three companies.

SGX provides depository, listing, clearing, trading, settlement, and data services. Also, it has 90% of listed bonds and 40% of listed companies outside Singapore. Therefore, SGX is the most internationally connected exchange.



SGX Singapore Stock Exchange Prices

The Market Price is the most current price of the asset or service. It can either be sold or bought. Also, it is greatly dependent on the supply and demand forces involved in the market. Therefore, the price depends on how the traders, dealers and investors interact. Furthermore, the difference between the bid and ask is called the spread. The more buyers, the higher will be the bid due to increased demand.

Moreover, the trade involves selling and buying. The traders buy the stock from the dealers. However, this does not necessarily mean that the dealers own the stock. Often, the dealer only represents other traders who specify the order limit. The dealer logs the order in the order book until the market finally reaches the order price. Then, the dealer will execute the order. In addition, the dealer can quote the market price with the bid and ask price. Typically, the ask is always higher than the bid. Why? The asking price will be the selling price, while the bid is the buying price.

Straits Times Index (STI) keeps track of the market capitalisation of the SGX top 30 companies.

Performance of Top 30 companies for the past 5 Years according to market price:

SGX Academy Singapore

SGX gives education and professional training to investors at various levels. It ranges from beginners to professionals. In addition, it aims to provide investors with the right knowledge to enhance their capabilities to be traders. 

Also, SGX Academy continuously creates programmes and E-trainings. Plus, you can watch videos for free basic e-training on

For beginner investors, SGX teaches the fundamentals of investing. The Intermediate Investors can learn the various investing methods and instruments they can utilise. Also, SGX has other programmes for savvy investors. Furthermore, the lessons on instruments and techniques can be used to future grow their investments.

SGX News Singapore

SGXNews via XML

Corporate statements and actions are delivered in real-time through the client’s system interface. In addition, it helps the clients understand the news and quickly get the most important information. Also, the statements have integrated a consistent structure in ISO20022 standard format. This way, it can spread crucial information quickly to concerned investors and traders. Moreover, it is ideal for information vendors, institutions, trading firms, and independent software vendors.

SGXNews via SWIFT Network

SGXnews utilises the SWIFT Network using ISO15022 standards to keep clients aware of corporate events. Furthermore, broadcasting 37 different types of corporate action events assists the end-users in processing their market events accurately. Plus, it ultimately lessens the operational risks. Thus, making it ideal for wealth managers and central securities depository/custodian service providers.

SGXNews – EOD Corporate Actions

The design supports the client’s Straight Through Processing (STP) environment. As a result, data dissemination can be very cost-effective. Plus, it is delivered through e-mails. Moreover, it is for those not using the SWIFT. In addition, it is for anyone who wants to get the golden information. Plus, it can potentially affect their portfolio.

SGX Catalist Board Singapore Stock Exchange

Catalist companies are directly under the supervision of sponsors. These are experienced companies in corporate finance. In addition, the catalyst has been created to support companies seeking to be fast-growing enterprises. Therefore, qualified sponsors present the initial list of the Catalist through an initial public offering (IPO). In short, the sponsors create the list using their criteria.

Catalist Listing Requirements

Review of Listing Documents

Sponsor & SGX

Quantitative Requirements

SGX requires no minimum quantitative criteria. Sponsors will use their own house deal selection criteria. However, an adequate amount of Indicated Resources for a minerals company and Contingent Resources for an Oil & Gas company are required.

MOG Requirements

Admission standards for MOG listing aspirants that are not in production

Also, a MOG listing aspirant that is not in production seeking a listing has to satisfy the following conditions

  • Discloses its plans, milestones and capital expenditure to advance to the production stage

Requirements for all MOG companies

  • Have at least achieved Indicated Resources (for Minerals). Or secure Contingent Resources (for Oil & Gas)
  • Have sufficient working capital for 18 months from listing

Shareholder Spread

  • 15% of post-invitation share capital in public hands;
  • Minimum 200 shareholders.

Independent Directors

2 independent directors. It must have a minimum of 1 Singapore resident independent director for Foreign Companies.


  • At the time of IPO, if promoters hold more than 50% of the post-invitation share capital, they may sell. But must retain at least 50%. If they hold less than 50% of the post-invitation share capital at IPO, they may not sell any;
  • After IPO, promoters cannot sell their shareholdings for 6 months. However, they may sell up to 50% of their shareholdings after that for the next 6 months;
  • For Pre-IPO investors who acquired their shares within the 12 months before IPO. Also, the “profit portion” of their shareholdings is subjected to a moratorium period of 12 months after IPO;
  • Promoters of a MOG company are not to sell any of their shareholdings for 12 months after IPO.  But, they may sell up to 50% of their shareholdings for the next 6 months.

IPO Documentation

  • Offer Document;
  • Include a 12-month working capital sufficiency statement from the issuer’s directors and Sponsor;
  • Lodged on SGX Catalodge website.

Accounting Standard

Singapore, US or International Accounting Standards


At the discretion of the issuer

Business Operations

No requirement for operations in Singapore

Continuing Obligations

  • Rules relating to disclosure of material information, periodic reporting, additional share issuance, corporate transactions, corporate governance guidelines, interested person transaction and free float will apply.
  • The additional requirement to retain a Sponsor at all times will apply to Catalist companies.

Listing Fees






Variable Rate Per S$ million



Market Value








Variable Rate Per S$ million



Market Value

SGX Singapore Address


2 Shenton Way,

#02-02 SGX Centre 1,

Singapore 068804


11 North Buona

Vista Drive,

#06-07 The Metropolis Tower 2,

Singapore 138589

Tel. +65 6236 8888

Fax. +65 6535 6994


Central Depository  

9 North Buona Vista Drive

#01-19/20 The Metropolis

Singapore 138588

Tel. +65 6535 7511

Fax. +65 6535 0775



No. 6 Wudinghou Street, Excel Centre,

Unit 1905-A Xicheng District,

Beijing 100032, China

Tel: +86 10 6629 0660

Fax: +86 10 6629 0110



No. 168 Yincheng Zhong Road,

Room 25 and 26, 21F, Bank of Shanghai Tower,

Pudong Shanghai 200120, China

Tel: +86 21 5116 7230

Fax: +86 21 5116 7116


Europe & N.America  

12 Floor, 30 Crown Place,

London EC2A 4EB

Tel: +44 207 856 2507


Hong Kong  

Unit 12B, 12/F

No. 33 Des Voeux Road Central

Hong Kong

Tel:+852 2236 3000



The HUB 17th Floor, Tower 2B,

One India Bulls Centre,

Senapati Bapat Marg,

Elphinstone Road,

Mumbai 400013

Tel: + 22 6189 9845

Fax: +22 6189 9900



Level 27, Shiroyama Trust Tower,

4-3-1 Toranomon, Minato-ku, Tokyo

105-6016 Japan

Tel: +81 3 5403 4680

Fax: +81 3 5403 4646


SGX Customer Service

SGX Hotline

Monday to Friday 8.30 am to 5.00 pm

Saturday 9.00am to 12.30pm

Closed on Sundays & Public Holidays   (65) 6535 7511


SGX CDP Customer Service

Monday to Friday 8.30 am to 5.00 pm

Saturday 9.00am to 12.30pm

Closed on Sundays & Public Holidays

SGX Singapore Careers

SSGX is currently in need of individuals who can fill in the spot of the following positions.

  • Assistant Vice President, Business Planning and Analysis (6 months contract)
  • Assistant Vice President/ Vice President, Media Communications (9 Months Contract)
  • Senior Associate/Assistant Vice President, Investor Services
  • Client Manager for Institutional Brokers/Members
  • Corporate Secretariat, Compliance & Risk Management Executive
  • Customer Onboarding Specialist (12 months contract)
  • Fixed Income Sales Specialist
  • FX Specialist
  • Head of Compliance
  • Index Product Development
  • Senior Associate, IT Auditor
  • Senior Associate/ Assistant Vice President, Market Surveillance (DT)
  • Vice President, Business Planning & Analysis

If you want to gain a wide exposure to SGX, potentially have an attachment with one of the senior management offices. Or you may get a chance to work with other SGX external industry partners. Then, you can join the SGX Management Associate Programme (Open Track). Although the industry is vast, you can use the program to know which area can be your niche. For example, you will have a task to participate in business projects and special assignments personally. In addition, you will delve into the perspective of the organisation and the financial industry.

A sample rotation schedule in the MA Programme (Open Track):

If you are a fresh graduate interested in capital marketing, you can try the SGX Management Associate (Technology Track) Programme. The 2-year rotation programme design gives you exposure to technical and business understanding of the company. With a senior manager as a mentor, you can have continuous personal guidance. The end of the program will put you in the best position suited for you. Just submit your resume and wait for the reply to enrol in the program.


If you want to invest in the Singapore Exchange, you have to get to know the basics. So, enrol in the SGX academy and research online. It takes patience, time and money to get involved and start your journey as an investor. Therefore, there is no better time to start than now. Get a personal loan in Cash Mart and receive your cash within the day to finally make your first investment in SGX.

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Top 5 Money Lies Singaporeans Should Quit Using

Top 5 Money Lies Singaporeans Should Quit Using By 30

I will be lying if I say I never lied. One of the used lines is that money lies we tell ourselves. However, it comes with potential dangers. 

By the age of 30, you probably finished a degree or two, landed a regular job, got a credit card in your wallet, and told a handful of lies. So let’s be honest (at least with ourselves) that we have told lies for whatsoever reason.

Top 5 Money Lies we Tell Ourselves.

Admittedly, these are also potential dangers to your finances if not avoided.

My income is just enough for my needs. I don’t have extra cash to save.

Ever heard of this before? The main reason some of us do not have savings is the thought that our salary is not enough.

Avoid using this lie to yourself and spare the people around you. You can adjust if you have the will to. When there is a will, there is definitely a way.

You might have heard that most financial advisers recommend saving at least 20% of the salary. Well, there is an exemption to the rule. So if your finances just can’t cut through the 20%-savings rule, make it a habit to save a more convenient amount every payday constantly.

Start by saving at least 5% of your salary. Then, you can increase it. Finally, put the money in your savings. In the future, it will surely save you.

I’m too young. Retirement savings can wait.

Yes, retirement can be around 20 to 30 years from now, but it is never too early to save up for it.

The earlier you save, the earlier you can retire and enjoy. You can start planning for your retirement now, then invest in various ways you could to grow your money.

When you invest, time can be your greatest ally.

too young to retire | top 5 money lies


I need this for work.

Signature clothes, expensive shoes, and branded suits may be a need as work essentials. But, as they say, dress for success.

However, is it still rational if you buy this stuff every paycheck? When you go shopping, reasoning that you need to dress well for your work becomes a financial lie.

While your boss might appreciate you coming to the office in presentable attire for your clients, it would be appreciated if you showed up properly dressed and got the job done.

If I fish a bit from my savings now, I can make up for it later.

Now is not the best time to dip your fingers into your savings. But, if it is not a need, you better leave your savings in peace.

There are types of people who would feel lazy saving up once their savings got touched. If you are this type of person, you must avoid thinking that your savings are within easy reach.

It may take some time to discipline yourself financially, but it will be worth it in the long run.

Also, even though you say that you can pay off what you have “borrowed” from your savings, it may take some time. You will never be 100% sure that you can pay it back. Unforeseen things happen.

Consider that there is a chance that you might need the money for a real emergency anytime.

My finances are too simple. There is no need to sit and analyse it.

Now is the best time to analyse your finances. As you get older, have a family with kids and perhaps get a home loan, your finances will complicate.

While it is still simple, you must develop money-saving habits which you can use in the future when financial responsibilities start to pile up.

Take the time to check your transactions, create a budget, and recheck your financial habits.

Since you have simple finances, you might think that your money can figure out itself without any effort. But, unfortunately, too must optimism is dangerous for your finances.

finances are too simple | top 5 money lies


Do not Let the Money Lies Fool You.

While these self-rationalizations can give you short time comfort, you’ll soon realise that there is no other way around it but discipline yourself financially.

It sure is hard to have money-saving habits, especially when you are young with a social lifestyle to upkeep. However, it is harder to be in a situation when you’ll need cash. Unfortunately, there is nothing within reach.

You will not get younger by the number, now is the time to make deep gameplay by saving up.

With a legit moneylending company in Singapore, you can avoid the money lies from crowding your financial decisions. Cash Mart lets you take out a personal loan based on your salary and repayment capability. Contact them now to know more details. 

5 Questions to Ask Before Buying Health Insurance

5 Questions to Ask Before Buying Health Insurance

Buying health insurance is now a must-have. But before you take out one, be sure to review your chosen company first. 

Singaporean life expectancy reaches 81 years old for males and 86 for females.

What does this mean?

You can live way longer than your retirement age. Moreover, you don’t want to worry about financing your health needs by that time! More than 20 years ago, Singaporeans heavily depended on their employers for health care benefits. Now, there is MediShield Life.

buying health insurance


Defining MediShield Life

Directed by the Central Provident Fund (CPF) Board, MediShield Life protects all Singapore citizens and permanent residents. This national health insurance subsidies treatment in public hospitals. However, this will not cover the whole bill, especially if you stay in a Class A/B1 ward.

There is no need for an application since all citizens and residents are automatically included. While this sounds good, remember that not all will cover healthcare services.

If you want wider coverage, you must choose a health insurance plan that best fits you. For example, some policies cover the lost income during hospitalisation when buying health insurance. In comparison, others cover the costs of nursing care and other medical treatment.

Consider the following questions.

What is your purpose for buying health insurance?

Buying health insurance plans have different purposes:

  • For example, if you want a policy that covers your hospital and surgical (medical) expenses, consider Medical Expense Insurance.
  • If you want to receive a certain amount of cash while being hospitalized to cover your lost income, buy Hospital Cash Insurance.
  • If you want to get a lump sum of cash after a diagnosis of a terminal illness you can avail of Critical Illness Insurance.
  • In case you want to replace your income during a disability, you will need a Disability Income Insurance.
  • If you want to have your health care paid when you are severely disabled or too ill, you have to get Long-Term Care Insurance.

Which class of ward are you most likely to use?

There is a difference between your ideal ward and the ward you will most likely to use depending on your means. When choosing health insurance, most people think of getting the best choice when this is usually the most expensive.

Health Insurance will not cover the whole cost of your health care. You will have to pay an initial amount since they usually require the holder to pay around 10% of the bill. This initial amount is called “deductible.”

So, if you stay in a subsidised C class ward, you will need to pay the deductible cost of $1,500. For A-class or private hospitals, the deductible is $3,500.

Choose the affordable class based on your capacity to pay. Learning and getting ready with the deductible cost will help you prepare in case you’ll need to use the insurance benefits.

Can you handle the premium in the future?

Usually, you can find the current premium rates. You can use this to compare rates for now, but do not forget that the premiums will go up in a few years.

Health insurance is a long-term commitment. What you are paying now will increase in five years, so make sure you can still afford it by that time. Also, you have other financial responsibilities to handle and possible emergencies to deal with.

Remember that failing to pay your agreed premium may cause your insurance to lapse. So while you want to have great coverage for you and your loved ones, it is still better to have lesser coverage that you can diligently pay.

Do you have an existing chronic illness?

Some health insurance providers do not accept applicants who have pre-existing conditions. Others do, but they have higher premiums.

If you are worried that you will need expensive health care services such as regular dialysis, it is worth buying a more expensive plan. Usually, these plans are only available in higher A class and private hospital plans.

Do you need a rider?

A rider is an add-on you can purchase on top of a plan. With this, it is possible that you will not need to pay any deductible nor do a co-payment. However, riders are very expensive. So consider whether you can still pay it until you get old.

The downside of this option is that people feel obliged to use the free services that come with it. So it is regardless if they do not need to. Also, certain doctors charge higher fees after learning that their patients do not need to personally pay the bill.

There is a notion that services have to be consumed. This will cause the premium and the rider to increase the costs faster than they should.

Final Words

Buying health insurance is a good tool to protect you from the financial blow caused by sudden health care needs. Of course, nobody wants to get sick or hospitalised. However, you will be thankful that you have insurance.

On the other hand, the need for great coverage needs to have a balance with your ability to pay the premium continuously. Therefore, you must handle the payments at ease through proper financial planning.

If you need quick cash, look for a legal money lender in Singapore. Cash Mart offers a low interest personal loan to any qualified borrower. Plus, you can use it for any purpose you need. Check it out now!