SingPost raises postage service rates for the first time in 8 years

It will be effective starting October 1.

Sending letters is about to get costlier, as Singapore Post has been granted approval for the revision of rates for domestic and international postage services with effect from 1 Oct 2014.

According to OCBC, the rate increases vary for different weights and types of articles, though SingPost estimates that the average annual postage spend per individual for domestic standard mail will rise from S$1.56/year to S$1.80/year, for an average of six letters sent per individual a year.

“This is the first effective domestic postage rate increase in eight years despite cost increases of nearly 50% since the last postage revision in 2006, and international airmail postage rates have not been revised since 2006 despite terminal due rates having risen by 42.6% and will further increase by 37% by 2017,“ nored the report.

SingPost will give out 10m stamps to households and also offer a 5% rebate on franked mail for businesses for a year from October to mitigate the effect of the new postage rates.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleet’s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ‘Responsible Fashion Scholarship’
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.
HR & Education