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Old 04-03-2014, 08:20 AM
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Thumbs up What PAP don't want you to know : Singapore named the world's most expensive city

An honorable member of the Coffee Shop Has Just Posted the Following:



Singapore has topped 131 cities globally to become the world's most expensive city to live in 2014, according to the Economic Intelligence Unit (EIU).

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.


Top 5 most expensive cities

Singapore, Singapore
Paris, France
Oslo, Norway
Zurich, Switzerland
Sydney, Australia

The top 10 cities this year have been dominated by Asian and Australasian cities as well as some in Europe.

"Improving sentiment in structurally expensive European cities combined with the continued rise of Asian hubs means that these two regions continue to supply most of the world's most expensive cities," said the editor of the report, Jon Copestake.

"But Asian cities also continue to make up many of the world's cheapest, especially in the Indian subcontinent."

http://www.bbc.com/news/business-26412821


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