Singapore is the most expensive city in the world!

Posted in the Singapore Forum


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.

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