15 Mar '18, 10am

#Singapore world's most #expensive place to live for 5th year running: EIU

#Singapore world's most #expensive place to live for 5th year running: EIU

SINGAPORE: The eye-watering cost of owning a car in space-starved Singapore means the city state is the world's most expensive place to live, for the fifth year in a row, a survey said Thursday. The Asian financial hub – where owning a no-frills sedan can set you back US$76,000 – beat global capitals to the dubious title, despite stiff competition from resurgent European cities. Pricey perennials Tokyo and New York did not even make the top 10 in the annual list by the Economist Intelligence Unit (EIU), beaten out by Paris, Zurich (joint second) Hong Kong (fourth) and Oslo (fifth). Seoul and Geneva shared sixth place, while Copenhagen, Tel Aviv and Sydney rounded out the rankings Despite some perks to domestic life in Singapore – home help is cheap – the former British colony "remains the most expensive place in the world to buy and run a car," EIU said. Singapore has avoi...

Full article: https://www.nst.com.my/world/2018/03/345493/singapore-wor...

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