and 13th globally with Moscow the world's most expensive city based on the lastes cost of living (COL) survery 2008 by Mercer.
the reasoning behind the rise in Spore ranking being expensive city were:
1) appreciation of the Spore dollar against USD (being US being the base benchmark of the survery)
2) continued strength as a hub for the region combined with the high quality living resulted in a continued flow of both investment n talent from overseas.
3) increased demand for housing, food, and transport items
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Malaysia city ranks 106th sure boh?
extract of survery:
rent of a luxury 2 bedroom unfurnished apartment per month - USD3,500 (in spore) and US2,170 (in Malaysia) and US6,400 (HK) and US5,100 (Tokyo)
1 L of gasoline unleaded 95 - US1.45 (in spore), US0.60 (in Mal), US1.94 (in HK) and US1.46 (Tokyo)
Source: 24-July Financial Daily
International source: http://www.finfacts.ie/costofliving.htm
