Quoted: -
SINGAPORE: Singapore may be the world's most expensive city for expatriates, but the cost of living for the average resident is lower than in many other cities, a comprehensive study by the Asia Competitiveness Institute (ACI) showed.
The study is called "Annual Indices for Average Residents and Expatriates on Cost of Living for World's Major 109 Cities: 2005-2012".
Singapore ranked 60th among 109 major cities for the average residents' cost of living on the ACI rankings -- behind Western capitals like New York, Paris and London, as well as other Asian cities such as Hong Kong and Seoul.
However, the city-state emerged as the most expensive city for expatriates in 2012, largely due to high cost of transport and housing for this category of people.
The strengthening of the Singapore dollar against the United States and Hong Kong currencies was another factor.
The indices for expatriates and average residents are very different due to the divergence in the baskets of goods and services used, said ACI, which was established in August 2006 as a research centre at the Lee Kuan Yew School of Public Policy.
Singapore's cost of living for average residents is comparable to major Asian cities, with Hong Kong in 58th place, and Seoul at 59th.
For its average residents, Singapore's lower cost of living is largely due to education, housing and healthcare, which are cheaper due to government subsidies.
- CNA/de
Unquoted: -
Why are they trying to show us this kind of ranking by ACI, which is under LKY School of Public Policy.
What are they afraid of?
Our leaders are addicted to ranking; when someone ranked them lousy, they come out with their own ranking.
Really childish and petty.
SINGAPORE: Singapore may be the world's most expensive city for expatriates, but the cost of living for the average resident is lower than in many other cities, a comprehensive study by the Asia Competitiveness Institute (ACI) showed.
The study is called "Annual Indices for Average Residents and Expatriates on Cost of Living for World's Major 109 Cities: 2005-2012".
Singapore ranked 60th among 109 major cities for the average residents' cost of living on the ACI rankings -- behind Western capitals like New York, Paris and London, as well as other Asian cities such as Hong Kong and Seoul.
However, the city-state emerged as the most expensive city for expatriates in 2012, largely due to high cost of transport and housing for this category of people.
The strengthening of the Singapore dollar against the United States and Hong Kong currencies was another factor.
The indices for expatriates and average residents are very different due to the divergence in the baskets of goods and services used, said ACI, which was established in August 2006 as a research centre at the Lee Kuan Yew School of Public Policy.
Singapore's cost of living for average residents is comparable to major Asian cities, with Hong Kong in 58th place, and Seoul at 59th.
For its average residents, Singapore's lower cost of living is largely due to education, housing and healthcare, which are cheaper due to government subsidies.
- CNA/de
Unquoted: -
Why are they trying to show us this kind of ranking by ACI, which is under LKY School of Public Policy.
What are they afraid of?
Our leaders are addicted to ranking; when someone ranked them lousy, they come out with their own ranking.
Really childish and petty.
