Most Expensive City

Nothing to do with trading, folks…..just a bit of trivia.

According to the Economist Intelligence Unit, Singapore is now the most expensive city in the world to live in. And my old hometown, Sydney, takes fifth spot.

So happy Hong Kong did not make the list….. 

5 thoughts on “Most Expensive City”

  1. When Singapore is being appreciated, the assets in Singapore appreciates?!

    If Ray has property in Singapore, would he mind that Singapore is the most expensive city in the world? 🙂

  2. Hi Paul

    That’s not a question I can answer in a few lines. It depends where a country is in the business cycle and whether or not stagflation has set in.

    Early in the cycle of asset appreciation, I’d agree with; but late in the cycle, the increase in inflation (and presumably SGD) would mean that investors may look for better value elsewhere. This is especially true if we see stagflation.

  3. Thanks Baz

    I have a theory though.

    Notice that the Bic Mac is undervalued in all Asian countries; notice too that it tends to be overvalued or at value in countries favouring Western tastes.

    Seems to me that the ‘Bic Mac’ Index sufferes from a cultural bias. (G)

  4. in the Philippines you could get a Big Mac with rice or spaghetti and home delivered within 30 mins. lol cant get that in Australia yet

    cheers Baz

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