SG has a cost of living index of 85.9, which is considerably higher than other cities in the region
SINGAPORE: Singapore has a cost of living index of 85.9, which is considerably higher than other cities in the region, making it the most expensive in Southeast Asia, a new report has shown.
A number of key factors contribute to the high cost of living in the Little Red Dot, including limited land and advanced infrastructure, a strong economy, high wages, a stable currency, and its status as a global financial hub, which makes it attractive to multinational corporations and wealthy expatriates.It adds that high living costs do not directly correlate to quality of life, given that numerous factors are responsible for living standards in every country.
However, Singaporeans may need to shell out more to ensure an efficient healthcare system. ROSHI said that Singaporeans may expect to pay more for insurance premiums in the future. Premiums have gone up by 35.4 per cent since 2021.Pregnant woman says she fears they will despise their child due to financial stress of living in Singapore
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