Singapore Named as the Most Expensive Place in the World

April 28, 2015  |  By  | 

Singapore – Singapore has retained its position as the world's most expensive city, according to a research conducted by the Economist Intelligence Unit (EIU). The top five most expensive cities in the world remain unchanged from a year earlier and include, in descending order, Paris, Oslo, Zurich and Sydney. The EIU's survey comprises 133 cities worldwide and uses New York as a base. It compares and reviews the cost of more than 160 services and products including food, clothing and utility bills. Singapore was found to be 11% more expensive than New York for basic groceries.