5 items in Singapore and how their prices compare to other countries
Published on Mar 4, 2014 6:13 PM
Singapore has just beaten 131 cities to become the world's most expensive city to live in, according to the Economist Intelligence Unit's report. We look at five big ticket items the report mentions which have contributed to Singapore's climb to pole position and compare it to similar items in other cities around the world.
1. Property rental
Singapore: A three-bedroom apartment, of between 1,200 - 1,500 sq ft, averages $8,000 a month.
New York: A three-bedroom apartment, of between 950 - 1,800 sq ft, ranges from US$1,750 (S$2,221) - US$2,500 in the outlying neighbourhoods to US$6,000 to US$15,000 in Manhattan.
Singapore: A Mercedes Benz E-class will cost upwards of $277,000 plus an Open category COE will set you back another $79,000 going by the last COE exercise.
Germany: A Mercedes Benz E-class will cost from 40,668 ($71,062) euros.
3. Clothing (luxury retail)
Singapore: A men's suit from Giorgio Armani starts from $3,000 and can go up to $4,000.
Italy: A men's suit from Giorgio Armani starts from 1,500 ($2,619) euros.
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