Singaporeans are currently queueing at Andaz Singapore to offer their firstborn children in exchange for a single nibble of imported Hanwoo beef.

Since the authorities allowed Jeju Island cows to enter the country, local foodies have collectively decided that eating a $198 steak is more important than paying utility bills or maintaining human dignity.

The steakhouse 665F has become a high-altitude sanctuary where diners weep over chuck flaps that cost more than a round-trip flight to Seoul.

One diner, a desperate office worker, said: "Wah lao, this cow meat so soft, like my boss's brain, but ten times more expensive ah!"

Experts suggest that Sinkies will soon start a secondary market for half-chewed ribeye caps just to feel a sense of elite social status again.

Another customer, a food blogger, remarked: "Shiok sia, spend two hundred dollars then take photo for Instagram, tonight eat grass also worth it."