Channel NewsAsia - Thursday, July 24
Singapore ranked fifth most expensive city in
Asia
SINGAPORE: Singapore is now the fifth most expensive city
in Asia, according to Mercer Worldwide Cost of Living
Survey.
Singapore’s rise in rankings is partly due to the appreciation
of the Singapore dollar against the US dollar.
Other contributing factors include its high quality of living
and continued strength as a regional hub.
Tokyo is the costliest Asian city, followed by Seoul, Hong Kong
and Osaka.
In world standings, Singapore is in 13th position, one notch
higher than in 2007.
Moscow was ranked the most expensive city both in Europe and
globally for the third year running.
Mercer’s survey covered 143 countries across six continents. —
CNA/de
Is this good news to Singaporeans
and the ruling party?
What this article doesnt tell you is that this is a survey done on
expats and their lifestyle, where a big chunk
of the living expenses goes into rental.
