I am not surprised that my Singapore is ranked as the most expensive city in the world with New York. Actually, we in Singapore enjoy a very high. The standard of living with high imcomes for those working and huge savings for those who have retired. We do feel the pinxh of the rising coat but we are able to cope with this as the government does provide relief measures for the not so well off. Peopeety prices are high and citizens can make good use of their property or properties they own to generate good renyal incomes. The compulsory national savings scheme known as CPF or Central Provident Fund has made it easy for citizens to own their firstt home and profit from it down the road. This is a "vicious circle" in the good sense so much so that Singapore now has a majority of its pwople in the middle income group. Of Singaporeans do grumble at the high cost of livinh but in reality, most are comfortable living here.
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