Cost of living in Singapore (17th in the world)
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Just received the annual cost of living report for 2006.
Singapore is ranked number 17th out of 100. Up from 34th in 2005. I did a comparison and Singapore register the highest COL (cost of living) index increase; 14 points from 88 to 92.
It is not high compared to Seoul, Tokyo or Beijing but none of them increase by more than 10. -
source?Originally posted by anonymouscoward:Just received the annual cost of living report for 2006.
Singapore is ranked number 17th out of 100. Up from 34th in 2005. I did a comparison and Singapore register the highest COL (cost of living) index increase; 14 points from 88 to 92.
It is not high compared to Seoul, Tokyo or Beijing but none of them increase by more than 10. -
Ok, maybe another first?
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the govt is aiming for 1st also mah
must be 1st in highest cost of living then they happy mah -
i wonder which rank is thailand
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2006 haven't end , base on what index. HDB? COE?
We can't really compare with big city cos we are a country with no country side
If the cost goes up there is no place we can go to. -
Source taken from MercerHR (http://www.mercerHR.com) but not sure if you guys can access it. The report is for 2006, tracking key changes from 2005.
The list containst the top 50 cities and Bangkok is not in the list
That's why it will always be the land of smiles. -
http://www.mercerhr.com/summary.jhtml?idContent=1124760
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http://www.mercerhr.com/summary.jhtml?idContent=1124760Originally posted by anonymouscoward:http://www.mercerhr.com/summary.jhtml?idContent=1124760 -
Goes to show something, eh?Originally posted by anonymouscoward:Just received the annual cost of living report for 2006.
Singapore is ranked number 17th out of 100. Up from 34th in 2005. I did a comparison and Singapore register the highest COL (cost of living) index increase; 14 points from 88 to 92.
It is not high compared to Seoul, Tokyo or Beijing but none of them increase by more than 10.
Makes me wonder where all that money goes.
Hmm, lets have a look... income tax, transport fees, COEs, home payments... er, am I missing out on anything? -
yes GST
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TV tax.. Smoking Tax... Not to forget a wide array of fines...
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But you mus understand the reason for that rapid increase:Originally posted by anonymouscoward:Just received the annual cost of living report for 2006.
Singapore is ranked number 17th out of 100. Up from 34th in 2005. I did a comparison and Singapore register the highest COL (cost of living) index increase; 14 points from 88 to 92.
It is not high compared to Seoul, Tokyo or Beijing but none of them increase by more than 10.
"Mercer's cost-of-living indices are designed for today's multinational companies who transfer employees to and from a multitude of countries. Our unique international basket of goods and services is the result of extensive research of actual expatriate spending habits, allowing our indices to reflect a reality-based international expenditure pattern."
From what I can tell, the index is designed with expats in mind. So that is the case, the rapid 'improvement' in Singapore's ranking is easy to explain. Just take a look at the rapid rise in property prices and rentals at the high-end of the market.
Whether Mercer's index is relevant for the average Singaporean is another story.
So, my point is this: If you are trying to show that things have gotten worse for Singaporeans, please look deeper into the data. I may not disagree with you about cost-of-living issues, but the data you have cited does not necessarily support your claims.
regards,
obiterdicta -
Error posting
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Originally posted by anonymouscoward:
2005 GDP rank 31, so 2006 also should jump to top 20 postion, which mean our salary should increase rite?
[b]Singapore is ranked number 17th out of 100. Up from 34th in 2005. I did a comparison and Singapore register the highest COL (cost of living) index increase; 14 points from 88 to 92.
b] -
Oh no! Please do not say that or they will use it to justify another round of salary increment for the ministers and MPsOriginally posted by T.Ryousuke:2005 GDP rank 31, so 2006 also should jump to top 20 postion, which mean our salary should increase rite? -
I agree with your views. It is debatable whether the spending habits of expats can be used as a gauge; but the fact remains that they are doing an apple-to-apple comparison (i.e. how much a lipstick cost in 2005 and then in 2006 in Singapore). There should not be too much variation in the lifestyle but it does register a big jump in cost.Originally posted by ObiterDicta:So, my point is this: If you are trying to show that things have gotten worse for Singaporeans, please look deeper into the data. I may not disagree with you about cost-of-living issues, but the data you have cited does not necessarily support your claims.
We need something to be a constant to measure the changes and I think these data are good enough to substantiate that cost of living in Singapore took a big jump between 2005 and 2006. -
88+14=92??Originally posted by anonymouscoward:Just received the annual cost of living report for 2006.
Singapore is ranked number 17th out of 100. Up from 34th in 2005. I did a comparison and Singapore register the highest COL (cost of living) index increase; 14 points from 88 to 92.
It is not high compared to Seoul, Tokyo or Beijing but none of them increase by more than 10. -
hmm where to find the report that SG MP and PM are the highest paid in the world har??? hahahaha
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Sorry, typo error. It is 4 points. Not 14.Originally posted by wisefool83:88+14=92??