It’s a Dog’s Life for Singapore’s Pampered Pets; “A lot of people wouldn’t bat an eyelid on spending several thousand dollars on a dog. The litmus test is whether the dog stays with them for the rest of its life or not,”

It’s a Dog’s Life for Singapore’s Pampered Pets
March 01, 2013

The guests lean over the side of the boat to catch the morning breeze as their catamaran eases off from a jetty in Singapore. A typical cruise, except for the fact that the passengers are dogs. “Actually, this is their third cruise,” said Andy Pe, 43, the doting owner of two Black Labrador Retrievers, a Yellow Labrador, a Golden Retriever and two mongrels. “They enjoy the sea breeze and water so much.” From boat cruises and spas to their own obituary section in the leading newspaper, pets are pampered in a big way in Singapore, a city-state with one of Asia’s highest standards of living.Boat owner Joe Howe, 48, started the Pet Cruise company last July.

His 7.8-meter motor catamaran, which comes with a swimming deck, has a fully-stocked cleaning station and life jackets for dogs.

On weekends, a basic cruise lasting two hours costs S$40 ($32) per guest — human or pet — or S400 to book the entire boat.

Howe, a retired broker who now leads an average of two cruises every week, has even had people bring pet tortoises on board.

“Young couples are having pets before they have children, it’s a stand-in, and at times even a replacement [for kids],” Howe said.

Owners concur. “They are very much like my kids because I’m single and I have some time on my hands,” said Pe as the vessel made its way to Seletar island, where his dogs went for a splash in the sea.

According to official data, there were 57,000 registered dogs in 2012 in Singapore. A densely populated island of 5.3 million people, the majority of its inhabitants live in high-rise apartment blocks with little room for dogs to run.

There are more than 250 licensed pet shops in the city-state, many of them operating in shopping malls, offering everything from hamsters priced at S$10 to pure breed dogs costing thousands.

Marcus Khoo, the executive director of Petopia, a shop which offers dog grooming services as well as board and lodging, said owners are willing to pay a premium for their pets’ well-being.

The shop’s modern interior has a wall of doggy collars and glass panels through which owners keep an eye on pets undergoing various treatments.

“People now understand that quality canine lifestyle is not just a roof over their heads and food,” Khoo told AFP.

These services offering the best in canine comfort don’t come cheap.

A 20-minute micro-bubble bath treatment for an odor-free coat can cost anywhere between S$64 to S$119, depending on the breed and size of the dog.

Dog yoga — or Doga — is also catching on in Singapore after becoming popular in Hong Kong and Taiwan.

“Pets are left at home for hours, so Doga is a way for owners and dogs to bond,” said Rosalind Ow, 42, the owner of Super Cuddles Clubhouse, which started offering Doga classes last August.

Luxury options extend to the departed. Owners can publish tributes to their deceased pets in the classified ads section of the city-state’s leading daily The Straits Times on Sundays.

At the suburban Pets Cremation Center, niches can be rented at a columbarium after the funeral services.

“Most owners treat their pets as part of their family. [A pet’s passing] is a very sensitive issue. When that happens, a pet that usually sleeps with them is suddenly gone from their lives,” said the firm’s owner Patrick Lim, 60.

A simple cremation for a dog costs anywhere from S$150 to S$500, depending on its size.

Owners can opt for express cremation — extra charges apply, of course — and then pay S$300 to place an urn in the columbarium for one year, after which the rent falls to S$180 annually.

That excludes a yearly “maintenance fee” of S$180 for the upkeep of the premises.

But there is a darker side to the growing fondness for pets in Singapore — some of the animals end up being dumped after the novelty wears off and the reality of long-term caring sets in.

Abandoned dogs and cats, even guinea pigs, await adoption in steel enclosures at the Society for the Prevention of Cruelty to Animals, which takes in up to 600 unwanted or abandoned animals each month.

“A lot of people wouldn’t bat an eyelid on spending several thousand dollars on a dog. The litmus test is whether the dog stays with them for the rest of its life or not,” said the SPCA’s executive director Corinne Fong.

“Society at large is not quite there yet,” she added.

Agence France-Presse

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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