Which is the most expensive city in the world?

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Manish Kumar asked 04-Feb-2018 in General Knowledge by Manish Kumar

Which is the most expensive city in the world?

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3 votes
akriti kashyap answered 07-Feb-2018 by akriti kashyap

Expensive City In The World!

Which is the most expensive city in the world?

As per the study delivered by the Economist Intelligence Unit, reports showed that Singapore retains its ranking to be at first as the globe’s most expensive place to live in, which is followed by Zurich and Hong Kong and New York ranked ninth in that list

So, the survey comprises of with cost value of more than 160 goods and services including utilities, food, and accommodation. Overall around 50000 values were compared for the iteration study of 2017.

Singapore is a to some degree exceptional place, in that it is a city, territory, and nation in a solitary entity. Its strong government has coordinated the economy with a blend of light-touch direction and strong implementation of agreements. As an outcome, the city has gone about as a magnet to worldwide speculation and all the ability that takes after.

Which is the most expensive city in the world?

Generally, the household ability pool is unobtrusive, expecting organizations to import the aptitudes this need by exiling costly outsiders. With them, comes their taste in costly foreign made nourishments. The large amounts of foreign workers additionally push interest for convenience in an officially packed island, additionally raising the living expenses.

The Singaporean workforce is comprised of the foreign nationals, though there would be the reduction in the inbound workers been into the authorization by the government. Quoted that Singapore is prevailing still under the most expensive place to live which would at increment in the coming years.


Cheers!

2 votes
Shreyas Tandon answered 20-Feb-2018 by Shreyas Tandon

Followed by Switzerland, Japan & South Korea, Singapore is without a doubt, the most expensive city on earth. It is one of the most exceptional and amazing places on this planet.

                              Which is the most expensive city in the world?

Singapore is a small island country. It has a population size of over 5.5 million people and is a very crowded city, second only to Monaco as the world's most densely populated country. It is a microcosm of Asia, populated by the people of different nationalities, including Malays, Chinese, Indians, and a large group of workers and expatriates from all across the globe.
                                         Which is the most expensive city in the world?
It is an exceptional place in a way that it is in itself, a city, a province and a country, like a singular entity. It has a well adjusted & strong government. The government directs the economy of the country by applying a number of strategies like that of light-touch & lenient regulatory system and strict policy of enforcement of contracts. As a result, the city is a hub for business magnates & has become a giant magnet that attracts various international investments and the talent pool from all over the world that follows with it.  
Basically, it has a modest domestic talent pool, and thus, requires its companies to import the needed skills to compensate the deficit by expatriating expensive foreigners. Along with these foreigners, comes their taste in expensive imported foods. Meeting the needs of these high levels of foreign workers pushes demand for accommodation, which in an already over-crowded island, further escalates the living costs.
                                          Which is the most expensive city in the world?
Singaporean food is legendary though, with a large number of hawker centers and 24x7 coffee shops, it offers cheap food from all parts of Asia, and the voracious shoppers can fill up their shopping bags in shopping centers like Orchard Road and Suntec City.
It is filled up with amusements like dancing on bar tops all night long & adventures like bungee jump, etc. Alcohol is still very pricey and chewing gums are only available at pharmacies for medical use.
It also has two casino complexes. However they are referred to as "Integrated Resorts" in the country. They are situated in Sentosa and Marina Bay as part of Singapore's new Fun and Entertainment drive, its aim being to increase the number of tourists visiting the place and prolonging their time of stay within the country. Aside from being known as the most expensive places, it really is one of the most amazing countries in the world.

UTKARSHASINGHROUL commented 30-Jan-2019 by UTKARSHASINGHROUL
Amazing.
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