Singapore ranked the 53rd most costly city
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Singapore has been ranked the 53rd most costly city to live in, according to Channel News Asia report.
Referring to the latest annual report by the Asia Competitiveness Institute at the Lee Kuan Yew School of Public Policy, it said Hong Kong took 59th place, while Seoul was ranked 62nd.
The study looked at 103 major cities across the world. It was based on the consumption patterns of ordinary residents in each country, in several weighted categories including food and non-alcoholic beverages, housing rents and utilities, education, health and transport.
The most costly city was Sydney, followed by Zurich. Singapore was less costly than cities such as New York which was ranked 7th, and London which took the 22nd spot. However, Singapore was ranked ahead of other cities in the region. Hong Kong took 59th place, while Seoul was ranked 62nd.
