SingPost raises standard domestic mail rates by S$0.10

[SINGAPORE] On Tuesday (Dec 9), Singapore Post (SingPost) announced a S$0.10 increase to its standard domestic mail starting from Jan 1, 2026.

The new prices – S$0.62 for standard regular mail and S$0.90 for standard large mail – will help SingPost to continue investing in modernisation efforts which will improve customer experience and operational efficiency, said the postal service operator.

Mark Chong, the newly appointed chief executive officer of SingPost, said: “This increase is a necessary step to balance the structural cost of our domestic mail operations while providing our customers with reliable services.”

Rates of domestic bulk mail used by businesses will also increase.

SingPost said the latest increase is aimed at addressing the “persistent structural decline in mail volume” and “escalating operational costs”. It pointed out that the declining trend is also visible in other countries.

Mail volumes in Singapore have fallen by more than 40 per cent from before the pandemic. This, coupled with the shift to digital communications, has left postal service providers “having to balance rising costs to provide the service – including labour, energy and infrastructure – against the postage collected”.

The increase in rates will thus support SingPost’s sustainability in the longer term.

The company recorded a 12.8 per cent drop in net profit to S$19.7 million for its first half-year of its 2026 financial year. An interim dividend of S$0.0008 per share was declared for the half year, down from S$0.0034 per share the year before.

SingPost’s last domestic rate revision was in October 2023. While it improved revenue for the company’s Singapore sector, the domestic post office network remained unprofitable for the full year ended March 31 2025, the company said in its latest annual report.

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Revenue for its Singapore postal and logistics business inched up 0.2 per cent to S$259 million.

Higher delivery revenues for the year, largely due to the October 2023 postage rate increase, offset the decline in revenues from other services namely mailroom, warehousing and financial services.

Shares of SingPost ended Monday flat at S$0.415, before the announcement.