Singapore is in 12th place for most expensive cities in the world !!

How expensive is Singapore?? Standard of living has been high for sometime now. But where does it stand now ?? Singapore is the 12th most expensive city in Asia, now according to a global survey on cost of living by international human resource company ECA International. Well it has jumped 27 places, and is one of Asia's biggest movers. Hong Kong was ranked 6th, while Tokyo took the top spot. This time Beijing overtook Hong Kong as the most expensive Chinese city. The survey noted that the cost of living for Asian cities such as Beijing, Hong Kong, Singapore and Taipei has gone up in the past year due to fluctuating currency and inflation rates.
Living costs in Hong Kong are now approximately 15 per cent higher than in Singapore, an increase from 12 per cent last year.
According to ECA International, the last two months have seen goods and services in Hong Kong swing from being 10 per cent cheaper than in London to being almost 10 per cent more expensive. The financial crisis has relegated London, once regarded internationally as one of the most expensive cities in the world, to a lowly 72nd place, making it cheaper than dozens of cities including Paris, Munich, Amsterdam and Brussels. Last year London came 10th.
Beijing is now three times more expensive than Singapore compared to last year, while cost of living for foreigners visiting Korea and Singapore is now almost on par.Big change in Japan this year, goods and services in Japan are now 68 per cent more expensive than in Singapore - around 43 per cent more from sep last year.
Who is the cheapest in Asia ?? It is Islamabad.Goods and services there are 70 per cent cheaper than in Japan.
In Europe, Moscow is the most expensive location, replacing Oslo. The weakening of the pound has seen central London off the list of the world's top ten most expensive cities.
The study compares the costs of 125 consumer goods and services commonly purchased by expatriates – ranging from groceries and electrical goods to clothing and motoring expenses - in 370 locations around the world.