News

S'pore's skyline 6th best in the world, but we are still the most expensive city

Singapore is the world's most expensive city for the second year running, according to research by the Economist Intelligence Unit (EIU).

The survey looked at 133 cities and used New York as a base.

More than 160 services and products including food, clothing and utility bills were taken into consideration when coming up with the rankings. 

The other cities that rounded up the top 5 were Paris, Oslo, Zurich and Sydney.

Singapore was one of the more expensive cities in most categories.

It tied with Seoul as the most expensive place in the world to buy clothes. 

The report said: "The malls of Orchard Road offering a price premium that is over 50 per cent higher than in New York."

It also brought into question Singapore's COE system that makes car prices "excessive".

It said that transport costs in Singapore are almost three times higher than in New York.

However, the survey didn't state exactly what was included in the transport category.

However, Singapore ranked lower when it came to pricing of basic groceries, as can be seen below.

Singapore is also being named in other lists, albeit for more positive aspects.

According to website Thrillist, Singapore's skyline is the 6th best in the world.

Unfortunately, we lost to Malaysia, whose Kuala Lumpur skyline enhanced by the Petronas Twin Towers came in at No. 5. (below)

The cities with the best skylines are: Sydney, Hong Kong, Tokyo and Shanghai.

1. Sydney

2. Hong Kong

3. Tokyo

Skyscrapers of Shinjuku 2009 January.jpg

4. Shanghai

Source: BBC News, Economic Intelligence Unit, Thrillist

 

 

 

 

SingaporeUncategorisedparisoslonew york