Tag Archives: Property Market

Hong Kong No. 3 as rent was excluded; S’pore moves up to 24th globally.

SINGAPORE is the No.2 most expensive Asian city to live in, with only famously pricey Tokyo ahead in the rankings, according to a study by Swiss bank UBS.

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UBS assessed the purchasing power of residents in 73 cities and compared prices of a standardised basket of 122 goods and services, excluding rents.

The Asian top three were no surprise although Hong Kong usually emerges as more expensive in such surveys; but not this time as UBS discounted rent. Continue reading →

Singapore has been ranked the second most expensive city in Asia, after Tokyo, with Hong Kong taking the third position.

In UBS’ Prices and Earnings 2009 study released on Thursday, Singapore is ranked 24th globally, in a comparison of living costs in 73 cities around the world. The study was based on data collected between March and April this year.

It found Oslo, Zurich, Copenhagen, Geneva, Tokyo and New York to be the world’s priciest cities based on a standardised basket of 122 goods and services. Mumbai, Delhi, Manila and Kuala Lumpur are cities with the lowest price levels.

The study said: “Asia is home to some of the world’s priciest cities and nowhere is the spread between most expensive and cheapest more pronounced.” Continue reading →