What's The Most Expensive City In The World?
Subscribe! http://bitly.com/1iLOHml For the second time in a row, Singapore won the title of the world's most expensive city. So why is Singapore so expensive? Learn More: Five reasons...
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Recently, the Economist Intelligence Unit released their list of the most expensivecities in the world, with Singapore taking first place for the second year in a row.The high cost of living beats out those in classically expensive cities like Paris andOslo. So why is Singapore so expensive?The EIC points to the high cost of groceries, basic amenities, and clothing, which oftenhave a 50% premium markup over New York prices. Additionally, Singapore is famous for their“sin tax”, where “beer, wine and liquor, tobacco products, motor vehicles and petroleumproducts” are taxed at a much higher rate than other commodities. For example, a bottleof wine costs, on average, $25. Double what the next most expensive city, Paris, wouldcharge. [All from EIC]But one of the most comm...
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Recently, the Economist Intelligence Unit released their list of the most expensivecities in the world, with Singapore taking first place for the second year in a row.The high cost of living beats out those in classically expensive cities like Paris andOslo. So why is Singapore so expensive?The EIC points to the high cost of groceries, basic amenities, and clothing, which oftenhave a 50% premium markup over New York prices. Additionally, Singapore is famous for their“sin tax”, where “beer, wine and liquor, tobacco products, motor vehicles and petroleumproducts” are taxed at a much higher rate than other commodities. For example, a bottleof wine costs, on average, $25. Double what the next most expensive city, Paris, wouldcharge. [All from EIC]But one of the most comm...
