Sunday, June 23, 2024
HomenewsWedding Banquet Prices Expected to Rise Next Year, Which Means “Ang Bao...

Wedding Banquet Prices Expected to Rise Next Year, Which Means “Ang Bao Rates” Will Increase, Too


Skyrocketing Wedding Costs in Singapore: Ang Bao Rates Soar Alongside Banquet Prices

Not only does attending wedding banquets make you feel single – it makes the $2 note in your wallet feel single too.

With the GST increasing to 9% in 2024 and inflation on the rise, it’s no surprise that the prices of everything – including wedding banquets – would go up, too. 

But even to Singaporeans, who live in a country that’s consistently crowned one of the most expensive countries in the world, sometimes the prices are stretched just a bit too far. 

Wedding banquet costs will rise by 20% in 2024

According to Shin Min Daily News, wedding banquet prices will see a rise of 10 to 20% by next year. This follows the previous 10% increase that occurred last year in 2022. This rise is mainly attributed to manpower and food costs. Electricity, maintenances and other facilities also contributed.

Based on a list compiled by online wedding directory Singapore Brides, to-be-wed couples could face a heavy sum of up to $4,053 per table of ten – if they wanted to hold their wedding banquet at five-star resort Capella Singapore. 

Even less lavish options cost a small fortune. For example, a wedding banquet at the Holiday Inn Novena would amount to a minimum of $1,471, while one at ParkRoyal nearly $2,000. 

However, in most hotels and restaurants, couples can save about 10% by opting for a lunch banquet or a weekday celebration.

And it’s not just wedding banquets that couples have to pay for. With the added purchase of decorations, flowers, clothes and rings – all lovebirds would be in debt by the time they say their ‘I do’s…which is precisely why guests are invited – to help out.

Market rate of ang baos at an all-time high average of $400

If you’re the one single Pringle left in your friend group – you’d probably be accustomed to the Singapore tradition which calls for giving ang baos to every newlywed. 

This sum of money is a monetary symbol of your well-wishes for the bride and groom, and also your donation to cover a portion of the Mr & Mrs’ wedding costs. 

As expected, ang bao market rates are also skyrocketing, just like the wedding banquet costs. In 2024, wedding guests can expect to pay up to a whopping $840, for a weekend wedding banquet at the Marguerite restaurant in the Flower Dome.


Thankfully, the average is a little bit less at $300 to $400, but still damaging nonetheless. 

More guests starting to consider relationships with newly-weds before giving ang baos

This is exactly why some guests refuse to give market rate ang baos – instead, they give an amount based on how close they are with the bride and groom. Others consider their financial position, as well as how much they are comfortable with giving.

A 35-year-old who spoke to Shin Min Daily News said that he would usually choose to decline the invitation if the wedding is held at a very luxurious venue. Another 23-year-old, a financial planner, added that if she felt she was unable to match the market rate, she would say that she was unable to attend – but “still send a money gift digitally as a token”.

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