First Class Honours. Yes, it does seem high to the majority of people hearing this because they graduated quite long ago. However, this is 2014 (actually the wages have not risen to beat inflation but it has risen quite a bit still)

Many private sector companies are now willing to pay 4k/month on overall compensation for FCH nowadays, - you'll be surprised - except for business/arts, there really aren't that many Singaporean FCHs.