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Thread: Singapore named the world's most expensive city

  1. #1
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    Default We are 1st!

    Meaning if you go oversea, better says you from other countries. Like Malaysia or HK etc, haha!

    http://news.xin.msn.com/en/singapore...ve-city-by-eiu
    Only Sony device mostly, haha!

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    Default Singapore named the world's most expensive city

    According to the Economist Intelligence Units, Singapore is the most expensive city to live in 2014. (BBC News today)
    We are also the most expensive place to buy clothes.
    And the recent 25% increase in duty for alcohol ............

    http://www.bbc.com/news/business-26412821

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    Senior Member edutilos-'s Avatar
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    Default Re: Singapore named the world's most expensive city


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    Senior Member Sion's Avatar
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    Default Re: We are 1st!

    Quote Originally Posted by BBTM View Post
    Meaning if you go oversea, better says you from other countries. Like Malaysia or HK etc, haha!

    http://news.xin.msn.com/en/singapore...ve-city-by-eiu
    Most expensive city also means you're being paid the highest in the world.

    Should be proud of it.

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    Default Re: We are 1st!

    Quote Originally Posted by Sion View Post
    Most expensive city also means you're being paid the highest in the world.

    Should be proud of it.
    Rich country = rich people staying. So, stays low profile else tio kidnap, haha!
    Only Sony device mostly, haha!

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    Default Re: Singapore named the world's most expensive city

    ya, ya, ya, the usual nonsense excuses. LOL

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    Senior Member edutilos-'s Avatar
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    Default Re: Singapore named the world's most expensive city

    Quote Originally Posted by d2xpeter View Post
    ya, ya, ya, the usual nonsense excuses. LOL
    It's just additional information. Maybe you can share why you think Gilbert's points are nonsensical?

    (Otherwise, people may look at your post and think "ya ya ya the usual nonsense post from d2xpeter. LOL! ")

  9. #9

    Default Re: Singapore named the world's most expensive city

    so are you still proud to be a Singaporean ?

    to be frank lah, Singapore is not bad liao..

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    Default Re: Singapore named the world's most expensive city

    We have come along way since independence, generally salary has risen over the years, but so does cost of living. My opinion is just try to spend within our means and be contended with our current camera gear (resist the BBB virus, easier said than done )
    The report will probably not affect how we live in Singapore but is useful for businesses and government decision makers and for those considering to migrate to Singapore in comparison to other countries, one of multiple factors.

    What happen if one day Singapore become the world least expensive city (Currently Mumbai)?

    Thanks edutilos for sharing the link.

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    Senior Member Sion's Avatar
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    Default Re: We are 1st!

    Quote Originally Posted by BBTM View Post
    Rich country = rich people staying. So, stays low profile else tio kidnap, haha!
    Be careful. Your wish may come true.

    Kidnappers:

    Last edited by Sion; 4th March 2014 at 05:51 PM.

  12. #12
    Senior Member edutilos-'s Avatar
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    Default Re: Singapore named the world's most expensive city

    Quote Originally Posted by TANHK View Post
    We have come along way since independence, generally salary has risen over the years, but so does cost of living. My opinion is just try to spend within our means and be contended with our current camera gear (resist the BBB virus, easier said than done )
    The report will probably not affect how we live in Singapore but is useful for businesses and government decision makers and for those considering to migrate to Singapore in comparison to other countries, one of multiple factors.

    What happen if one day Singapore become the world least expensive city (Currently Mumbai)?

    Thanks edutilos for sharing the link.
    To add on -

    You can download the summary here by quickly registering (relatively straightforward process): http://www.eiu.com/public/thankyou_d...ignid=Wcol2013

    The summary is still very skimpy. Unfortunately it costs USD995 from what I can see to access the full report. Otherwise I'd be happy to read more about how it is determined. Such cost of living comparisons often make a lot of assumptions. Some interesting points though, from that summary -

    a) As mentioned in some of the reports on this, EIU has caveated that the strong Singapore currency is a major factor. The post I linked earlier also mentioned this. That said, of course there has also been "solid price inflation", i.e. before currency appreciation comes into play.

    b) The summary states that "the cost-of-living index uses an identical set of weights that is internationally based and not geared toward the spending pattern of any specific nationality." Delving further into the details, we can see the weights used on the following page and also the methodology: http://www.worldwidecostofliving.com...pIndexCalc.asp

    To highlight, in descending order the top 4 key contributors to the overall index are: Shopping Basket (not sure what this includes but I think we can safely assume it's a general basket of goods) 25%, Transportation 19.5%, Recreation and entertainment 18%, Clothing 13%. I chose the top 4 because they are in the double digit range. The summary of the report mentions that the COE policy in Singapore skews the results such that transport costs here are three times that of New York City (here's NYC's public transport fare for ref: http://www.mta.info/metrocard/mcgtreng.htm#730refill ). Depending on whether you view a car as a necessity, each person's personal experience will vary. I don't drive, so..

    c) Said summary also mentions that "Singapore is the priciest place in the world in which to buy clothes", and "proliferation of expensive malls and boutiques on Orchard Road (Singapore’s retail hub) import luxury European brands to satisfy a wealthy and fashion conscious consumer base.". Once again, I'm not sure whether all of you wear luxury European brand clothing, or how much of this obviously high-end clothing (and exorbitant cost) factors into the clothing contribution within the index.

    EIU itself states here: http://www.worldwidecostofliving.com...WhatIsWCOL.asp that the report "enables human resources line managers and expatriate executives to compare the cost of living in over 130 cities in nearly 90 countries and calculate fair compensation policies for relocating employees."

    Definitely Singapore is not a cheap place to stay in, but it is worth keeping the above in mind beyond just reading the headlines. Cheers!
    Last edited by edutilos-; 4th March 2014 at 04:29 PM.

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    Senior Member Sion's Avatar
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    Default Re: Singapore named the world's most expensive city

    Quote Originally Posted by Exposure View Post
    so are you still proud to be a Singaporean ?

    to be frank lah, Singapore is not bad liao..
    Of course I am.

    The most expensive means the best.
    Last edited by Sion; 4th March 2014 at 06:05 PM.

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    Default

    Quote Originally Posted by Sion View Post

    Be careful. Your wish may come true.

    Kinappers:
    Save it for yourself. Ha ha!
    Only Sony device mostly, haha!

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    Default

    Quote Originally Posted by Sion View Post

    Most expensive city also means you're being paid the highest in the world.

    Should be proud of it.
    Only 3% of Singapore are highly paid leh... Since they have 85% of Singapores wealth.

  16. #16
    Senior Member Sion's Avatar
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    Default Re: We are 1st!

    Quote Originally Posted by richiemccaw1 View Post
    Only 3% of Singapore are highly paid leh... Since they have 85% of Singapores wealth.
    So the other 97% just complain?

  17. #17
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    Default

    Thats what Hong Lim Park is for.

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    Default

    Can complain and shoot other people complaining when got protest..

  19. #19

    Default Re: We are 1st!

    Yay, I must ask my boss for pay increase and transport allowance.

  20. #20
    Senior Member Sion's Avatar
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    Default Re: We are 1st!

    Quote Originally Posted by An drew View Post
    Yay, I must ask my boss for pay increase and transport allowance.
    But you are making things more expensive for us.

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