Singapore Is Officially The World’s Most Expensive City

When it comes to basic living expenditures, it seems that Singapore is officially ranked as the world’s most expensive city on the Globe, which means that it managed to outrank Japan’s capital of Tokyo. The news was released courtesy of the Economist Intelligence Unit, whose experts compiled the latest edition of the Worldwide Cost of Living survey.

Singapore’s utility bills, expensive currency and gas prices allowed it to top the charts as the world’s most expensive, but it is closely followed by cities such as Paris, Oslo, Zurich and Sydney. Tokyo is now at no.6 on the list along with Melbourne, Geneva and Caracas, but Copenhagen is at no.7.

Regarding the continent of Asia exclusively, we encounter a certain discrepancy between many of its cities, since 2 of them are found on the top 10 positions of the most expensive cities in the world, while many are still regarded as the cheapest worldwide, especially India’s New Delhi  and Mumbai. Another good example is Syria’s Damascus, which received a heavy blow in the wake of the country’s struggles. Other cities that reached the least expensive list include Karachi, Bucharest, Riyadh, Jeddah and Panama City.

 

 

 

By : 13 Mar 2014
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