Thursday, March 9, 2017

Singapore named the most expensive city in the world BBC News

Top 10 most expensive cities live



Image copyright Getty Images Image caption Singapore rose in the ranks of the most expensive cities in the world to live in the past decade.
Singapore exceeded 131 cities around the world to become the most expensive city in the world to live in 2014, according to the Economist Intelligence Unit EIU.
strong currency of the combined city with the high cost of running a car electric bill and contributed to the outbreak of Singapore topped the list.
It is also the most expensive place in the world to buy clothes.



Singapore replaces Tokyo, which topped the list in 2013.
Other cities that constitute the five most expensive cities to live in are Paris, Oslo, Zurich and Sydney, with Tokyo falling to sixth place.
The global cost of the EIU of Living Survey is a removal tool that uses New York City as a base examines more than 400 individual prices.
The top 10 cities this year were dominated by the cities of Asia and Australasia, as well as some in Europe.



The improved sentiment in structurally expensive European cities combined with the continued rise of Asian hubs means that these two regions continue to provide most of the most expensive cities in the world, said the editor of the report, Jon Copestake.
But Asian cities also continue to make a lot cheaper, s the world, particularly in the Indian subcontinent.
Most Asian cities top the list are there to higher costs mainly Tokyo grocery is still in the list for food everyday.
However, all Asian cities are tough on the wallet.



major cities of India - including Mumbai and New Delhi - were found to be among the cheapest in the world.
The prices in Mumbai are kept low by large income inequalities.
The low wages of most city workers keep expenses low, and government subsidies have helped them stay that way.
Outside the subcontinent, Damascus, Syria saw the biggest decline, becoming the fourth cheapest city in the world as a country of the conflict has led to falling prices.


Legend Media Watch Toby Islands of the Economist Intelligence Unit EIU says Sharanjit Leyl why Singapore is the most expensive city to live.
While investigating the EIU takes into account the cost of living, other companies use different research methods.
Mercer conducts research to identify the most expensive cities for expatriates life.
It found that in 2013 Luanda, Angola was the hardest on portfolios expatriates because of the difficulty of finding an adequate safe housing and the high price of imported goods.


Singapore named the world's most expensive city to BBC News, Singapore, world most.