The Price of Peace is a Singaporean television drama set in Japanese-occupied Singapore during World War II. It starred Rayson Tan, Xiang Yun, Chen Shucheng, Jacintha Abisheganaden, James Lye, Lina Ng, Christopher Lee, Ivy Lee, Carole Lin and Ryan Choo. The series is based on a 1995 book of the same title, which contains numerous first-hand accounts of war veterans and eyewitnesses.

Syonan , officially Syonan Island , was the name for Singapore when it was occupied and ruled by the Empire of Japan, following the fall and surrender of British military forces on 15 February 1942 during World War II.