Singapore was named by the Economist Intelligence Unit as the world’s most expensive city.
Last month, the Economist Intelligence Unit (EIU) placed Singapore at the top of its World Wide Cost of Living Index. It was not the first time Singapore found itself perched on top of the unflattering index.
But is Singapore really the world’s most expensive city to live in? Apparently not.
The BBC did an in-depth look at the study and compared it with similar reports done by other institutions, including one by the Lee Kuan Yew School of Public Policy. BBC reported that Singapore is ranked at the top because the EIU index includes items such as the best seats in the theatre, expensive cars and extravagant meals at the restaurant.
Is the cost of living in Singapore rising? Or is it about choosing what to buy, what to do and where to eat?