Five Reasons Singapore Is Now The Most Expensive City In The World

With Singapore being named the world's most expensive city, this is a comparative study on the five big ticket items which contributed to the ranking. The following are the items and the price comparisons:

Property rental: A three-bedroom apartment of between 1,200 and 1,500 sq ft averages S$8,000 (1,037,307.04 NGN) a month in Singapore.

In New York, a three-bedroom apartment of between 950 and 1,800 sq ft ranges from US$1,750 (S$2,221)(287,982.37NGN) to US$2,500 in the outlying neighborhoods and US$6,000 to US$15,000 in Manhattan.

Cars: A Mercedes Benz E-class in Singapore will cost upwards of S$277,000 (35,916,756.26 NGN) aside from an Open category COE which can be acquired for another S$79,000(10,243,407.02 NGN). (COE is the Certificate of Entitlement which one must have in order to buy a car.)

In Germany, a Mercedes Benz E-class will cost from €40,668 (S$71,062,(9,214,139.11 NGN) onwards.

Clothing, in the category of luxury retail

If you are thinking of shopping in Singapore, be mindful that a Giorgio Armani mens suit starts from S$3,000(388,990.14 NGN) and can go up to S$4,000(518,653.52 NGN) On the other hand, in Italy, a mens suit from Giorgio Armani starts from euro;1,500 (S$2,619,(339,588.39 NGN).

Food & wine

The signature dish of steak tartare at the famous Atelier de Joel Robuchon restaurant at Resorts World Sentosa costs S$52( 6,742.50 NGN) A bottle of Moet & Chandon in Singapore costs at least S$83.(10,762.06 NGN)

Similarly, a degustation menu at the Atelier de Joel Robuchon restaurant in Paris costs euro;38 (S$66(8,557.78 NGN). A bottle of Moet & Chandon in France usually costs only euro;32.90 (S$57(7,390.81 NGN).

Utilities

Finally, in Singapore, the utilities bill for a four-person household in a HDB flat is likely to average between S$150(19,449.51 NGN) and S$200(25,932.68 NGN).

In Tokyo, the utilities bill for a four-person household in an apartment averages between 12,000 yen (S$150,(19,449.51 NGN) in summer and 30,000 yen (S$375(48,623.77 NGN) in winter.

Can we now Compare Singapore and Nigeria........Cos I know Nigeria is more expensive than Singapore