Singapore: Singapore and New York have been jointly declared the world’s most expensive cities. About 5 million Indians live in Singapore. House rent in Singapore has increased by 20 percent while car rent has also increased by 30 percent. This information was revealed in the published findings of the Economist Intelligence Unit’s Worldwide Cost of Living Index. In this survey, the cost of living was studied by finance managers and human resources. This survey is conducted every two years. The survey captures cost details of over 200 products and services. The latest survey details the cost of living in 172 cities around the world. According to the findings, the cost of living has increased by 8.1 percent in 172 cities this year. Which is the biggest increase in the last 20 years. Buying or renting a house in Singapore is the most expensive.