Singapore has been ranked the world’s most expensive city for a fifth straight year as the cost of living in many major Asian cities continues to march higher.
Singapore, an island city state of 5.6m people, is 16 per cent more expensive to live in than New York, according to an Economist Intelligence Unit survey which compares the price of over 150 items in 133 cities around the world.
"Singapore reflects a regional trend, with Asian hubs now making up many of the world's most expensive cities,” said EIU’s Roxana Slavcheva.
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