Singapore Remains the World's Most Expensive City in the Third Year Running

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The world's most expensive cities according to the Economist Intelligence Unit in an article published by Fortune are: 1. Singapore 2. Zurich 3. Hong Kong 4. Geneva 5. Paris 6. London 7. New York 8. Copenhagen 9. Seoul 10. Los Angeles Affordable housing and cars are out of the question in Singapore. Be prepared to pay thrice or more the amount for the same quality and size. Our strong dollar and localized inflation isn't helping much either. Car prices are high because citizens have to bid on COEs (Certificate of Entitlement) mandated by government in order to own a car. A COE usually costs more than the car you purchase - it is a license quota that allows you to own a car in Singapore for up to 10 years before it has to be scrapped. COE prices in 2016 are around $45,000. This implementation has been justified by the government as a measure to control overcrowding traffic conditions. We also have the most expensive government subsidized housing. Government subsidized high rise flat apartments have been known to go in the resale market for up to a million dollars. For a cheaper version, settle for a 1 bedroom 1 bathroom 2 room flat from $85,000 - but be prepared to wait for 4 years before you can collect your apartment keys because these units go by balloting and are build to order. What do you feel about our prices? Photo Source: https://www.flickr.com/photos/adforce1/4199823194 Link to Article: