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 rentalSingapore: 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.
2. CarsSingapore: 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.
4. Food & wine Singapore: The signature dish of steak tartare at L'Atelier de Joel Robuchon costs $52. A bottle of Moet & Chandon in Singapore costs at least $83. Paris: A degustation menu at L'Atelier de Joel Robuchon costs 38 euros ($66). A bottle of Moet & Chandon in France can cost as little as 32.90 euros ($57).
5. UtilitiesSingapore: Utilities bill for a four-person household in a HDB flat likely to average between $150 - $200.Tokyo: Utilities bill for a four-person household in an apartment averages between 12,000 yen ($150) in summer to 30,000 yen ($375) in winter.