S'pore among top 10 most expensive locations in Asia: s
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S'pore among top 10 most expensive locations in Asia: survey
By Mok Fei Fei, 938LIVE | Posted: 10 June2009 1546
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SINGAPORE: Cost of living in Singapore continues to be high, propelling it into the top ten most expensive locations within the region.
A report by human resources consultancy, ECA International, found that Singapore is the 10th most expensive city in Asia and 72nd worldwide.
The firm said price rises have not slowed down as much in Singapore as in other parts of Asia in spite of its weakened currency.
In addition, currencies of locations which were previously more expensive than Singapore - like London and Stockholm - have depreciated at a faster rate than the Singapore dollar.
This has led to Singapore becoming more expensive for visitors than many other locations in the survey.
Topping the list for the most expensive city in Asia is Japan's Tokyo, while Angola's Luanda is the most expensive city in the world.
In all, four Japanese cities, Tokyo, Nagoya, Yokohama and Kobe, made it to the top five most expensive places globally.
Joining the region's top ten are Beijing, Shanghai and Hong Kong in fifth to seventh positions respectively. Kuala Lumpur is ranked 38th and Johor Bahru the 40th most expensive city in Asia.
ECA International said the cost of living in Asia has become more expensive as Europe and the US are bearing the brunt of the recession.
ECA carries out the cost of living survey twice a year, comparing a basket of commonly purchased consumer goods and services in over 370 locations worldwide. - 938LIVE/CNA/vm/al -
hmm, from an economic viewpoint, is it a good thing that we are the most expensive location in SEA?
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This makes the money grabbing greedy ruling party very happy.
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Originally posted by dumbdumb!:
hmm, from an economic viewpoint, is it a good thing that we are the most expensive location in SEA?
No good for investors... but all developed countries are facing this issue... good life standards but with a low cost, it seems impossible for small/medium size countries... -
Originally posted by Fantagf:
This makes the money grabbing greedy ruling party very happy.
we are also the top ten most foreign talent locations in asia -
I take this as a positive sign... but too ex also no good..
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Originally posted by haha879:
we are also the top ten most foreign talent locations in asia
really? where is the article on this? -
5 years later
Me: Chicken rice add rice, uncle how much
uncle: $15
Me: WHY SO EXPENSIVE
uncle: rent 20k a month
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A hawker stall at a certain location is already 20k a mth ....
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Originally posted by Fantagf:
This makes the money grabbing greedy ruling party very happy.
How does high cost of living benefits the ruling party? -
Originally posted by Hbbo:
How does high cost of living benefits the ruling party?
cos they own almost every company that is contributing to this high cost of living lor.... -
our country being ex is good for us cos, we are able to visit most other countries (except those mentioned) w/o feeling too big a pinch in our pockets ^^
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Originally posted by I-like-flings(m):
cos they own almost every company that is contributing to this high cost of living lor....Like which company?
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Originally posted by Hbbo:
How does high cost of living benefits the ruling party?Tax is calculated on percentage no ?
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What can you expect from a country that tries to take as much of the people's money as possible through their Gcronies Link Companies?
What can you expect from a country that arrested Dr Chee Soon Juan and friends for protesting the high costs of doing business?
What can you expect from a country that has a cursed despot with a gambling addiction and "so called" ministers that are in reality his asslicking running dogs?
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Originally posted by L.lawliett79:
our country being ex is good for us cos, we are able to visit most other countries (except those mentioned) w/o feeling too big a pinch in our pockets ^^
What logic is that?
Your salary being driven down by competing foreign talents from PRC, India and Philippines and your cost of living is going up.
Less salary and higher expenses, you sure you will have more money to visit other countries?
If you are a common worker, you might not even have sufficient money for retirement, you will need to work till you kick the bucket.
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Originally posted by lianamaster:
I take this as a positive sign... but too ex also no good..
What positive sign are there? Basically Singaporean are loosing out in SAVING to Asian counterpart as we push more disposable income to pay up basic necessity living expenses while our counterpart actually paid less and Get more.
At the end of the day we are not better than our counterpart in the regions.
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Originally posted by jojobeach:
Tax is calculated on percentage no ?
Are you implying that the taxes collected goes to the ruling party, which is PAP?
You are more ignorant than I thought you were.
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Funny how singapore can be an expensive location given that we use so much cheap foreign labour in most job sectors.
That means the main bulk of costs cannot be attributed to labour costs.
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WEE! what a blessing to live in such an expensive place.
hmmm..can show my customers and charge them high high.
Thanks
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Originally posted by angel7030:
WEE! what a blessing to live in such an expensive place.
hmmm..can show my customers and charge them high high.
Thanks
But your basic abour costs can't be that high right?
How much do you need to pay to hire your workers?
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Originally posted by charlize:
But your basic abour costs can't be that high right?
How much do you need to pay to hire your workers?
legal or illegal ones??
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Originally posted by angel7030:
legal or illegal ones??
For infos sake, both.
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Originally posted by charlize:
For infos sake, both.
well, anyway it is an honor to work in one of the most expensive place.Let say, a Public Relation hostess.
For Singaporeans, I got two of them working as leader (supervisor), their paid is $3k basic ++ CPF ++ all employment benefits as per employment act.
For PR, I got three of them working as assistant leader, paid is $2k basic ++ CPF ++ a PR status benefits
For Work permit holder, I got 15 of them, including cleaners, washer, waitress etc etc, their basic is $1k ++ contract benefit as per se. ++ lodging.
For illegal ones, I paid them on per day basis depending on nos of bottles or liqurors opened + room and the ability to attract customers.
On top of all these, extra tips and
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Doesn't matter, those angmoh FTs are still paid ridiculous amount of money.