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CIMB's Mr Song said: "It does not account for subsidies such as public housing grants, GST vouchers and utility rebates which a large number of local households enjoy." Prof Tan, co-director of the Asia Competitiveness Institute (ACI) at the Lee Kuan Yew School of Public Policy, said an ACI survey out last year showed that Singapore was also top among 109 major cities globally for cost of living for expatriates, but ranked 60th for average resident costs

Between 1996 and 2006, the population of the Queenstown-Lakes District grew by 60% due to the region's booming tourism industry

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Fentie EG and Emire SA