In a recent announcement, SingPost, Singapore’s leading postal service provider, has declared its decision to raise postage rates for local mail by S$0.20, effective from 9th October.
This news comes as a response to the challenges posed by “rapidly rising costs” and “declining mail volumes” in the digital age.
The Price Hike and Its Impact
SingPost’s decision to increase postage rates for local mail is primarily driven by the need to manage its operational costs effectively.
With the advent of digital communication and the decline in traditional mail usage, the postal service industry has faced significant challenges.
As a result, SingPost has found it necessary to adjust its pricing structure to ensure its continued ability to provide reliable postal services to its customers.
Starting from 9th October, the cost of local standard regular mail will rise from S$0.31 to S$0.51. This increase of S$0.20 may seem small on an individual basis, but it represents a substantial percentage increase.
For those who frequently rely on sending letters or documents through standard regular mail, this change will undoubtedly have an impact on their budgets.
Differentiation in Pricing
The price adjustments don’t stop at standard regular mail. SingPost is also revising the rates for other categories.
Standard large mail will now cost S$0.80, and tracked mail or packages, renamed as “Tracked Letterbox,” will be priced at S$2.
Additionally, for individuals who prefer a sign-for doorstep delivery service for their standard regular or large mail, an option will be available at S$6.10 on top of the regular delivery rate.
Streamlining Mail Categories
To make the pricing structure more efficient and straightforward, SingPost is introducing changes in the way it categorizes mail.
Standard regular mail should now conform to specific dimensions: up to 240mm by 162mm and 6mm in thickness, with a maximum weight of 500g.
For standard large mail, the dimensions can extend up to 324mm by 229mm and 14mm in thickness, with the same weight threshold.
It’s important to note that any item exceeding these dimensions will be classified as a package and will be subject to different pricing. This change aims to create a more accurate pricing system that reflects the actual cost of handling various types of mail.
Complimentary Stamp Booklets
Recognizing that these changes may present challenges for some customers, SingPost is taking steps to ease the transition.
Every household will receive a complimentary stamp booklet starting from the end of October. This gesture aims to help individuals continue using postal services without a significant immediate financial burden.
Until 9th October, customers can still use their current stamps for postings. However, the sale of first and second local stamps will be temporarily suspended.
Instead, denominated postage labels will be available for purchase from post offices, SAM kiosks, vending machines, and online during this period.
After 9th October, SingPost will continue to accept denominated postage labels but may a top-up may be required to cover the price difference if the postage amount is insufficient.