SINGAPORE TOPS EXPENSIVE CITY LIST
Sep 20, 2014
An article in the BBC in March listed Singapore as the 4th most expensive city in the world to live in.
According to the Economist Intelligence Unit (EIU) Singapore has topped 131 cities globally to become the world's most expensive city to live in 2014.
The city's strong currency combined with the high cost of running a car and soaring utility bills contributed to Singapore topping the list.
It is also the most expensive place in the world to buy clothes.
Singapore replaces Tokyo, which topped the list in 2013.
Other cities making up the top five most expensive cities to live in are Paris, Oslo, Zurich and Sydney, with Tokyo falling to sixth place.
The EIU's Worldwide Cost of Living Survey is a relocation tool that uses New York city as a base. It looks at more than 400 individual prices.
As the Standard of living is increasing here along with the cost of living, it has also led to a mark improvement in the income levels according to a study conducted recently by the Department of Statistics’ household expenditure survey.
You can read more about the study in Romesh’s Article (Kindly click on the Link below)
http://www.propertyguru.com.sg/property-management-news/2014/9/64366/average-s-porean-household-now-earning-10k-survey-
* Romesh Navaratnarajah is the Singapore Editor of the Property Guru Group.
