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S'pore not necessarily the 'costliest city'

Appreciation in exchange rate big factor in rise in living costs for expats: ACI

Published Fri, Mar 28, 2014 · 10:00 PM
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Singapore

THE steady appreciation of the Singapore dollar was a significant contributing factor to Singapore being ranked first in living costs for expatriates, according to a study by the Asia Competitiveness Institute (ACI).

The study covered 109 cities, providing cost of living, wage, and purchasing power indices for both expatriates and the average resident from 2005 to 2012. This study is the first of its kind to cover average residents.

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