The concern, as the writer points out, is just how affordable living in Singapore has become for its own citizens.
They are not alone in experiencing this global phenomenon in the current economic climate but Singapore is not a welfare state and so any cost of living associated with the basics of food, housing and transport hits its Heartland hard.
The above chart shows the change in Singapore's CPI (Consumer Price Index-All Items Inflation) in the past 12 months.
Moving from right to left it is easy to see that most of the basics have risen significantly with the transport figure reflecting the government's rise in COE (Cost Of Entitlement) which gives one the right to purchase a vehicle; not the actual purchase price of the vehicle itself.
Another significant contributing factor is the cost of public housing. The HDB's own Retail Price Index chart (below) outlines a significant jump in price from the beginning of 2007; a rise that shows little sign of declining.
It should be noted that this situation is not unique to Singapore; others are facing similar challenges.
If you look at a similar time span to the HDB chart above for the New Zealand CPI (from the 1st quarter of 1994 to the present) the real purchasing power for New Zealanders has declined some 33%. i.e. a 49.3 percentage change.
Australia's CPI from March 2008 to March 2012, month on month, also rose more than 10%
For those on fixed or low income such rises are bad news, whichever country one lives in.