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Some products cost more in S’pore than other cities: MAS & MTI study
POSTED: 29 Apr 2014 12:36

Buying a product from Apple, Zara and IKEA could cost more in Singapore compared to 10 other cities, according to a study by the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI).

SINGAPORE: Buying a product from Apple, Zara and IKEA could cost more in Singapore compared to 10 other cities, according to a study by the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI).

According to the study -- which analyses price differences for 647 items from the three global brands across the 11 cities --"Singapore's prices are found to be relatively high in most instances".

Releasing the findings on Tuesday as part of the its Macroeconomic Review, MAS said Singapore's prices are above the median for two-thirds of the items, and prices for about a quarter of them are below the median.

This means that for the same brand, prices in Singapore can be higher than in other cities for some items but lower for others.

Among the cities included in the study are London, Paris, New York, Shanghai and Hong Kong.

MAS added that for most of the items which are more expensive in Singapore, the price premiums do not exceed 20 per cent.

The report said pricing decisions of the firms are influenced by unit cost and demand for their products in the market.

Still, the study pointed out that Singapore is not the most expensive location, and it is most expensive for only 6 per cent of the products.

MAS said the three global brands in the study -- Apple, Zara and IKEA -- were chosen given the large number of identical consumer electronics, furniture, and apparel products that could be compared across cities.

- CNA/nd

http://www.channelnewsasia.com/news/...e/1089024.html

 

 

Don't we already know and isn't this so obvious?

Not only products, food also

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Cost gone up, but salary havent gone up.

 

Housing gone up, car gone up, food gone up, education gone up, but my salary increment couldn't increase as much as the cost of living .... why?

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Hypersonic

Go restaurants got additional 10% svc charge then another 7% on top of the cost. So how not to be expensive?

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I'd like to see a wages comparison against other cities.

 

With that we can use to bolster our argument that Singapore is way too expensive for most people.

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Still, the study pointed out that Singapore is not the most expensive location, and it is most expensive for only 6 per cent of the products.

Don't we already know and isn't this so obvious?

Not only products, food also

 

 

actually no..this report is to refute the numerous articles about Sinkapor being the most expensive city

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singapore market too small lah? no meh?


 

 

more expensive cos they encourage people to give birth [laugh][laugh]

 

u dun give them more ideas leh! KNN. Serkali as exp as ciggies! [laugh]

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Condom, msia ch3aper. Bought from Taipei, msia made still.cheaper!

 

think i go to JB 7-11 n buy.

scared will kena tax, maybe i take out one to use just like ciggie :D

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