• Singapore catapulted five places to become the most expensive city in the world.
• The cost of living in Singapore is 30% higher than New York.
• The proliferation of expensive malls and boutiques on Orchard Road also make Singapore the priciest place in the world to buy clothes.
• In contrast, the cheapest places to live continue to lie in South Asia.
Singaporeans will swear they knew this already – it costs an arm and a leg to live in the city-state.
Now they have proof to back it.
In the Economist Intelligence Unit’s Cost of Living Survey released Tuesday, Singapore catapulted five places to become the most expensive city in the world.