Singapore tops the list of the most expensive city in the world once again

Singapore tops the list of the most expensive city in the world once again, a new survey comparing the cost of living in 133 cities reveals.

Nudging just behind Singapore is Paris, followed by Oslo, Zurich and Sydney. London is the world's eleventh most expensive city, The Economists' Intelligence Unit report says. 

London is now as expensive as Tokyo, which was replaced by Singapore as the most expensive city last year.

Cities in Pakistan and India, including Karachi, Bangalore and Mumbai make up four out of the top five cheapest cities to live in last year.

The world's top five most expensive cities remain unchanged for the second year in a row, the report reveals.

The EIU's survey comprises 133 cities worldwide and uses New York as a base. It compares the cost of more than 160 services and products including food, clothing and utility bills. 

Jon Copestake of the EIU said: 'The situation of an unchanged top five is very rare for the worldwide cost of living survey and disguises some significant global drivers that are impacting on the cost of living everywhere. 

Read more: http://www.thisismoney.co.uk/money/news/article-2977215/World-s-expensive-cities-revealed-Singapore-tops-charts-again.html#ixzz3Tbx3SyT3
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Singapore - More Private Properties Sold at a Loss

More private properties sold at a loss!

The chart below shows significant losses.

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Vacancy for Private Homes at 10 year high

Vacancy rates for private homes at a 10 year high - Straits Times 24 Jan 2015.

Rents under pressure.

24,062 - the number of vacant completed residential units at the end of the 4th quarter of 2014, nearly 2,500 units more than in the quarter before.

19,941 - the number of private residential units that were completed last year, up 52% from 13,150 in 2013.

3% - the full year drop in rents last year, marking a reversal from the rise in rents in the preceding four years

8% - the expected maximum fall in rents this year, with the most pronounced drop in the central region as firms cut back on housing allowances.

Borough Market, London, UK

We visit the London Borough Market.
It was the weekend and it was very crowded.  A lot of life and people.

We tried the Duck Confit sandwich.  Big portion but a tad too salty for my liking.
Wanted to try the Monmouth coffee, but the lines were way too long.

Tried some paella which was pretty good too.

London School of Economics

Walking around the London School of Economics.

The LSE is one of London's finest institutions, and growing from strength to strength.  In recent years, it has become increasingly difficult to gain admission to this prestigious London institution.

Many British and international students want to study in London and often, the LSE is one of their top choices.



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Young Cheng Restaurant London Chinatown UK

This small and non descript Chinese restaurant/eatery called Young Cheng turns out to be one of our favorite places to eat, when in London, UK Chinatown.

The restaurant is located diagonally opposite the Les Miserables theatre.  The address is 76 Shaftesbury Avenue, Soho, London, W1D 6ND.

The place is rather small and cramped.  The service is efficient and don't expect any frills. The food is very good and very reasonably priced.  The servings are very large and we can easily share the dishes.  Ordering 3 single-serve dishes is more than enough for my family of 4 as we are not big eaters.

The cooking?  Above average in taste. Overall, the place provides very good value.

Of course, this place is not as famous as the likes of Four Seasons and Royal China.  

However, for a place to eat casually, I would dine here without doubt.  Check out my video below.



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Massive Crowds Oxford Street London UK, Hamleys, Black Friday Weekend

Massive crowds outside Hamleys, Oxford Street, London UK.  This was the Black Friday weekend. I think many people were out shopping.  The weather was rather chilly, about 10 deg C.



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