The World's Costliest Cities to Live and Work

Singapore:

Singapore has topped among cities globally as one of the world's most expensive city to live in 2014. The city's strong currency combined with the high cost of running a car and soaring utility bills contributed to Singapore in the list. It is also the most expensive place in the world to buy clothes.

The strong Singaporean dollar and inflation are the major factors that add to the ‘costly’ tag of Singapore. Being a city-state, it is dependent on other countries for natural resources, which is the reason for high utility costs. In addition, Singapore is world’s most expensive city if you want to drive a car owing to the high certificate of entitlement fees.

Moscow:

The capital city of Russia, Moscow, is vibrant in all forms of life. Moreover in Moscow an extra 18 percent of value added tax is required to buy a property. This city is a major political, economic, cultural and scientific center in Russia and in Eurasia.

With the price of renting residential and office space in Hong Kong falling by 5 per cent since 2008, Moscow has retained its position in the list.

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