{"id":105177,"date":"2019-03-20T09:00:06","date_gmt":"2019-03-20T02:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-shares-title-of-worlds-costliest-city-with-hk-paris\/"},"modified":"2019-03-20T10:03:11","modified_gmt":"2019-03-20T03:03:11","slug":"singapore-shares-title-of-worlds-costliest-city-with-hk-paris","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-shares-title-of-worlds-costliest-city-with-hk-paris\/","title":{"rendered":"Singapore shares title of world\u2019s costliest city with HK, Paris"},"content":{"rendered":"


\nThe latest study by The Economist Intelligence Unit found that Singapore is seven percent costlier than New York.\u00a0
\nAfter spending five years at the top, Singapore now shares the title of most expensive city with Hong Kong and Paris, revealed The Economist Intelligence Unit\u2019s annual Worldwide Cost of Living Survey.
\nComparing the price of more than 150 items across 133 cities globally, the survey observed a degree of convergence among the most expensive locations, reported Singapore Business Review.
\nMore:\u00a0Here\u2019s What The World\u2019s Most Expensive Home Looks Like
\nSingapore and regional rival Hong Kong are both seven percent costlier than New York, which shared the seventh spot with Seoul and Copenhagen.
\nEIU\u2019s records of average prices in Singapore have mostly moved down. A 330ml beer is 6.32 percent cheaper at US$2.37 compared to last year; a kilogram of loaf is cheaper by 8.35 percent at US$3.40; a woman\u2019s haircut is 1.46 percent cheaper at US$96.01, while a man\u2019s two-piece business suit is 1.69 percent higher at US$1,161.14.
\n\u201cWe note converging costs in traditionally more expensive cities like Singapore, Hong Kong, Seoul, Tokyo and Sydney. It is a testament to globalisation and the similarity of tastes and shopping patterns,\u201d said survey editor Roxana Slavcheva.
\nIn the rest of Asia, Noum\u00e9a (New Caledonia) witnessed the fastest hike in the relative cost of living. The endemic high cost of living in New Caledonia pushed its capital 33 places up the ranking to joint 20th place.
\nKuala Lumpur in Malaysia also emerged as another big mover as it rose 10 spots to 88th place. Bangkok (Thailand) and Manila (the Philippines) followed suit, as the two cities moved nine places to settle at joint 41st and joint 92nd respectively. Hanoi (Vietnam) and Phnom Penh (Cambodia) also moved up by six places.
\nOther cities in the top 10 list include Zurich (4th), Geneva and Osaka in joint 5th spot as well as Tel Aviv and Los Angeles in joint 10th place.
\nCan you afford a million-dollar property in Singapore? Check your\u00a0affordability\u00a0now.\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore shares title of world\u2019s costliest city with HK, Paris<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The latest study by The Economist Intelligence Unit found that Singapore is seven percent costlier...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105177","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rmp","jetpack-related-posts":[{"id":49104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-the-worlds-most-expensive-city-for-fourth-year-in-a-row\/","url_meta":{"origin":105177,"position":0},"title":"S\u2019pore the world\u2019s most expensive city for fourth year in a row","date":"March 22, 2017","format":false,"excerpt":"\r Singapore remains an expensive city for expats to live in, according to the latest survey by the Economist Intelligence Unit. For the fourth consecutive year, Singapore has been ranked as the world\u2019s most expensive city for expatriates and business travellers, revealed the latest bi-annual survey by the Economist Intelligence\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140515,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ties-with-zurich-as-worlds-most-expensive-city-to-live-while-hong-kong-slips-one-spot-to-fifth-in-latest-eiu-study\/","url_meta":{"origin":105177,"position":1},"title":"Singapore ties with Zurich as world\u2019s most expensive city to live while Hong Kong slips one spot to fifth in latest EIU study","date":"November 30, 2023","format":false,"excerpt":"\r The city state took pole position for the ninth time in 11 years while Hong Kong slipped one notch to rank fifth among 173 countries, according to a study by the Economist Intelligence Unit (EIU).\r \r Source : South China Morning Post\r Read more...Singapore ties with Zurich as world\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96055,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-37th-most-liveable-city-in-the-world\/","url_meta":{"origin":105177,"position":2},"title":"Singapore is 37th most liveable city in the world","date":"August 15, 2018","format":false,"excerpt":"\r Singapore has fallen behind Hong Kong in global liveability. Singapore has been ranked as the 37th most liveable city in the world in the Economist Intelligence Unit\u2019s (EIU) Global Liveability Index, down two spots from its previous ranking. The city-state was overtaken by Hong Kong by a marginal difference\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63884,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-surpasses-hong-kong-in-liveability-ranking\/","url_meta":{"origin":105177,"position":3},"title":"Singapore surpasses Hong Kong in liveability ranking","date":"August 17, 2017","format":false,"excerpt":"\r \u00a0 For the first time, Singapore has surpassed Hong Kong in the annual global liveability ranking by the Economist Intelligence Unit (EIU), as it snagged its highest-ever ranking at 35th place, reported Channel News Asia. The survey attributed Singapore\u2019s 11-place jump in ranking to its improving educational attainment. \u201cSingapore\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113026,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-the-7th-most-expensive-city-in-asia-for-expats-to-live-survey\/","url_meta":{"origin":105177,"position":4},"title":"Singapore is the 7th most expensive city in Asia for expats to live: Survey","date":"December 12, 2019","format":false,"excerpt":"\r Singapore\u2019s rise is attributed to the strong Singapore Dollar.\u00a0\u00a0 Singapore is the seventh most expensive city in Asia for expats to live, and the 13th most expensive city globally, according to the latest\u00a0Cost of Living Survey by ECA International, reported Singapore Business Review. The city-state rose two spots and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/12\/Singapore-7th-most-expensive-cities-in-the-world-for-expats.png?fit=600%2C257&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":59056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-listed-5th-costliest-city-for-expats\/","url_meta":{"origin":105177,"position":5},"title":"Singapore listed 5th costliest city for expats","date":"June 27, 2017","format":false,"excerpt":"\r \u00a0 Singapore has been ranked as the fifth most expensive city for expats in Mercer\u2019s annual Cost of Living Survey, reported Singapore Business Review. Emerging as the most expensive city in Asia, Hong Kong was surpassed by Luanda to take on the second place as a result of its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105177"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105177"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105177\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}