Singapore — Singapore beer is the costliest in Asia, according to the latest Cost of Living Survey by ECA International.
A part of the survey compared a basket of like-for-like consumer goods and services from 440 locations worldwide. One of the items compared was beer purchased at a bar.
The survey found a beer ordered in a Singapore bar would cost an expatriate an average of US$13.47 (S$16.84), while a beer ordered in a bar in Tokyo costs about 40 percent less, an average of US$9.70.
Tokyo, however, has the highest overall cost of living in Asia, while Singapore is ninth highest in Asia.
In last year’s survey, Tokyo was not only highest in Asia, but highest in the whole world. This year Tokyo fell to number 10 globally.
Singapore has the 30th highest cost of living in the world.
A beer purchased in a bar in Shanghai costs an average of US$10.34, in Beijing $9.28, in Hong Kong $9.18, and in Taipei $8.41.
The ECA survey found the prices of grocery items to be cheaper in Singapore than in other major Asian cities. Both a dozen eggs and bread, for example, are less expensive in Singapore than in Tokyo, Beijing, Shanghai, Hong Kong or Taipei.
Of these six Asian cities, Singapore has the second cheapest bananas and milk.
One can also purchase a soft drink in Singapore for less than in Tokyo.
Of course, while Singapore’s beer may be the most expensive on average, there are places in the city-state that cater to those on a budget.