Skip to comments.Singapore now world’s most expensive city
Posted on 06/18/2014 6:34:06 PM PDT by rjbemsha
Singapore has topped Tokyo to become the world's most expensive city, according to a cost of living survey from the Economist Intelligence Unit (EIU).
In its 2014 Worldwide Cost of Living Survey, the EIU said the world's ten most expensive cities to live in are: Singapore, Paris, Oslo, Zurich, Sydney, Caracas, Geneva, Melbourne, Tokyo and Copenhagen, respectively. [NY doesn't even make the top twenty.]
Singapore [is] significantly more expensive than any other location when it comes to running a car," the EIU said in its report.
"As a result, transport costs in Singapore are almost three times higher than in New York. In addition, as a city-state with very few natural resources to speak of, Singapore is reliant on other countries for energy and water supplies, making it the third most expensive destination for utility costs," it added.
And according to the EIU, Singapore is also the most expensive place in the world to buy clothes given an influx of luxury brands and expensive shopping malls and boutiques.
[But the] high cost of living has become a contentious issue in Singapore, a wealthy Southeast Asian city, which has one of the biggest wealth gaps in the developed world in terms of its Gini coefficient.
(Excerpt) Read more at cnbc.com ...
Not only is gum illegal there.
Singapore has twice the population of Brooklyn, and from 1994 through 1999 executed by hanging, 14 per 100,000 of its population, for breaking the law.
Among the death penalty crimes: Unlawful discharge of firearms, even if no one is injured
Being a regular on an enthusiast website of a particular make of car I see posts from all over the world regarding that make.A car that can be bought here for about $50K coasts in the vicinity of $125K (US) there.
I don't know about firearms laws there but I do know two things...1) on my first trip to Singapore I recall the big sign,in several languages,at the immigration desk saying "death penalty for drug traffickers".I almost soiled myself and all I had in my possession were my blood pressure meds and 2) the cab driver who picked me up at the airport warned me that there's a law there regarding "insulting the honor" of women and it can land you in prison for a long time.
Seattle will claim that title soon.
And Singapore pays its young professionals a wage that gives them the ability to make ends meet.
A look at NYC gives one an good idea of how this stuff works. Companies pays only what they must to attract the talent they need. It's all relative.
Also illegal to spit or fail to flush a public toilet, and for many years bubble gum was totally illegal.
They changed that last bit about 5 years ago, I believe.
Well, early morning, one can find every household item in elevators, you won’t be surprised seeing people throwing mattress, furniture etc from high rise buildings. Walking behind housing building on your own risk.
If you borrow money, make sure you return it, otherwise duck head, blood will welcome you.
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