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As the lunar new year is coming, those who are involved in it in one way or another have to be prepared to give out the customary red packets aka “Ang Baos”.
We saw the following “market rates” in social media and it was attributed to PerfectWeddings.sg:
High Income – Combined income of $150k and above annually
Parents $88 – $200
In Laws $88 – $200
Own Children $20 – $80
Nephews and Nieces $20 – $50
Children of Friends and Colleagues $20 – $50
Grandchildren $20 – $50
Middle Income – Combined income of $30k – $150k annually
Parents $48 – $100
In Laws $48 – $100
Own Children $8 – $28
Nephews and Nieces $5 – $18
Children of Friends and Colleagues $8 – $28
Grandchildren $5 – $10
Low Income – Combined income of $30k and below annually
Parents $8 – $20
In Laws $8 – $20
Own Children $2 – $5
Nephews and Nieces $2 – $5
Children of Friends and Colleagues $2 – $5
Grandchildren $2 – $5
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