Singapore has emerged as the world’s most expensive city to live in for the third consecutive year, narrowly edging past its rivals even though consumer prices have been slipping, a report by the Economist Intelligence Unit (EIU) showed.

•    The report analysed 750 secondary cities around the world and outlines factors that make cities competitive and prosper.
•    The Worldwide Cost of Living survey released on Thursday (March 10) found that Singapore remains the most expensive place in the world to buy and run a car, due to the Certificate of Entitlement (COE) system. 
•    For general basic groceries, Singapore offers the same value as New York. This compares with Seoul, which is 33 per cent more expensive.
•    Joint second place Zurich and Hong Kong, were only two points behind Singapore on the index used to compare cost of living in 140 cities.
•    Calculation of the index is based on a weighted basket of goods, which include food, toiletries and clothing, domestic help, transport and utility bills.