11/6/2017 2:15:27 PM
|written By : Team India Se|
Singapore is the world’s most expensive city for expatriates for the fourth year in a row, according to the Economist Intelligence Unit (EIU).
Hong Kong is the second most expensive, shows the 2017 Worldwide Cost of Living Survey. Zurich is third, Tokyo fourth, Osaka fifth and Seoul sixth. So five of the most expensive cities are in Asia. Geneva is seventh, Paris eighth, with Copenhagen and New York sharing the ninth spot and completing the list of 10 most expensive cities.
Despite being the world's most expensive city for expatriates, Singapore is cheaper than its "regional peers"in some ways, says the report. "For categories such as personal care, household goods and domestic help Singapore remains significantly cheaper than its peers," it says, "although it remains the most expensive place in the world to buy and run a car, as well as the second-priciest destination in which to buy clothes. In terms of food and drink, the cost of living in Singapore is on a par with that of Shanghai in China."
The survey looks at prices of various products and services including food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.