For a couple of years, Singapore has ranked as the most expensive city to live in the world. This is according to the worldwide cost of living index report released by the Economist Intelligence Unit this year. We all know that Singapore is an excellent city that attracts more immigrants for business and employment according to singapore manpower agency.However, this news is not the best for most people.
It goes without saying that one has to live without many amenities if they are on a tight budget. The good thing is that you can still live without many things that make this an expensive city, ahead of Paris and Zurich. Surprisingly, cities like New York and London did not even appear inthe top ten. This makes people wonder what it is that makes these cities lead on the board. Let us have a look at some of the things that make Singapore the most expensive city in the world to live in.
Cosmetics and Personal Care Products
Singapore is known to have some of the best designer fashion and beauty shops. If you visit their shopping malls, you will be surprised to find outlets of the best designers in the world. Probably, we could say that Singapore has a great market for the beauty and cosmetic products.
Another theory is that there are numerous business and vacation tourists who want to take some cosmetics home. Stocking the finest also makes them expensive. These are the main contributors to this status.
You will be surprised to hear that domestic workers here charge a fortune. Singapore has the best training institutions in housekeeping because of the numerous hotels and resorts. As a result, the domestic workers are also highly trained to offer similar services.
You will need to go through an agency which determines the charges for these services. What makes it even more is the fact that these agencies also include their commission here. However, you can rest assured to get quality for the money.
Singapore has world-classfive-star hotels with all basic amenities. They all have internet, paid TV, King size beds and excellent services. Their restaurants and bars are just out of this world. This has been facilitated by the demand created by numerous business class travelers.
As a result, you can expect to pay a premium for the excellent services and amenities. Additionally, there is numerous world-classfurnished and serviced apartments that also charge expensively.
If you are living in Singapore, you will strain to furnish your house from scratch. If you move to the furnished apartments, the high costs will still apply. Furniture and other home appliances are expensive although they have a high quality and excellent performance.
Most people will skip the appliances like coffee machines, high-end furniture and much more to live on basics. This can be attributed to the fact that the low quality household goods do not have a market here.
Indeed Singapore is an expensive city to live in. If you check the factors that make it expensive, they also affect other similar cities. Zurich and Paris also suffer the same fate and people have to cope with this situation they cannot control.