Date
24 September 2017
Singapore (left) is the most expensive city for expatriates for the third straight year, followed by Hong Kong (right) and Zurich, EIU said. Photo: discoverhongkong.com, internet
Singapore (left) is the most expensive city for expatriates for the third straight year, followed by Hong Kong (right) and Zurich, EIU said. Photo: discoverhongkong.com, internet

Singapore world’s priciest city, followed by HK and Zurich: poll

Singapore is the world’s most expensive city for expatriates for the third straight year, followed by Hong Kong and Zurich, according to a survey by the Economist Intelligence Unit (EIU).

Singapore scored 116, just slightly ahead of Hong Kong and Zurich, which both scored 114, Channel News Asia reported, citing EIU’s latest Worldwide Cost of Living report, which is released twice a year.

Singapore is the most expensive when it comes to buying and running a car, the report said. It is also more expensive to buy clothes and pay for utilities in the island state than in other cities.

Most basic grocery items cost the same in Singapore and New York, but 33 percent more expensive in Seoul.

Meanwhile, a 750ml bottle of table wine costs US$22.39 in Singapore, compared with US$16.47 in Hong Kong, US$14.03 in New York, and US$25.43 in Seoul, Singapore-based newspaper Today quoted the report as saying.

According to the EIU ranking, Geneva is the fourth most expensive city, followed by Paris, London and New York, BBC News reported.

The cheapest is Lusaka, the capital of Zambia, followed by Bangalore and Mumbai in India.

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