SINGAPORE is the No.2 most expensive Asian city to live in, with only famously pricey Tokyo ahead in the rankings, according to a study by Swiss bank UBS.
The Asian top three were no surprise although Hong Kong usually emerges as more expensive in such surveys; but not this time as UBS discounted rent. Rent is traditionally higher in Hong Kong and would have been enough to send the city into second spot in Asia.
On the global league table, Tokyo was the fifth most expensive city while Singapore was 24th - up from the 32nd spot in 2006, the last time UBS conducted a similar study. Kuala Lumpur, Manila, New Delhi and Mumbai propped up the table as cities with the lowest prices.
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