It’s no doubt that Singapore still top the chart as the most costliest city in our region. After all, Singapore is way too developed compared to its ASEAN neighbours for decades. It has maintain itself as one of the most important hubs in the global business scene.
But Bangkok on the second place this year was not surprising either. The Thai baht against dollar is strengthening and so as the consumer prices according to a Worldwide Cost of Living survey conducted by the Economist Intelligence Unit (EIU).
Here is straight from the Bangkok Post
The EIU’s bi-annual survey is a purpose-built internet tool designed to calculate cost-of-living allowances and build compensation packages for expatriates and business travellers. It compares more than 400 individual prices across 160 products and services. They include food, drink, clothing, household supplies and personal-care items, rent for accommodation, transport costs, utility bills, fees for private schools, wages for domestic help and recreational costs.
In Southeast Asia, Singapore topped the chart, followed by Bangkok, Jakarta (70th position on the complete list), Kuala Lumpur (74th), Bandar Seri Begawan (93rd), Hanoi (110th), Ho Chi Minh (113th), Phnom Penh (114th) and Manila (120th).