Singapore is the most expensive city in the world!

Posted in the Singapore Forum

Jason

Singapore, Singapore

#1 Mar 19, 2014
kasim osman

Singapore, Singapore

#3 May 2, 2014
Consumer products often cost more in Singapore: MAS, MTI
Published: April 30, 4:12 AM

Items from Apple, IKEA and Zara often cost more in Singapore than in 10 other major cities, according to a consumer products price comparison study jointly commissioned by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).

The study found that two-thirds of the 647 items sampled from the three brands are priced here above the median, but Singapore is the most expensive city for only 6 per cent of these. About a quarter of the products here are priced below the median. The other ten cities in the survey are Paris, London, Shanghai, New York, Taipei, Hong Kong, Kuala Lumpur, Bangkok, Sydney and Tokyo.

“Prices of many internationally branded goods differ across geographical areas, even though these goods are exactly the same in many instances. Anecdotal evidence suggests that prices of some of these products are higher in Singapore compared to other countries,” MAS and MTI said in the Macroeconomic Review report released yesterday.

http://www.todayonline.com/business/consumer-...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Singapore Discussions

Title Updated Last By Comments
Are Singaporean voters like children? 5 hr Bibi Ang 2
More Singaporeans are turning to Social Media 5 hr Jens 24
THIS Is WHAT INDONESIAN DID TO CHINESE IN 1998! (Nov '12) 6 hr Andrest07 41
List of reputable aircon service company in Sin... (May '11) 9 hr Lim 32
Kidney failure treatment singapore - Super Lutein 11 hr daisy 2
Norvell Group and Associates Manufacturers Re... 17 hr joannechoo25 1
Slip Disc Treatment Singapore - Testimonial - C... Sun toppy 2
More from around the web