In many big metropolitan cities around the globe , economy and lifestyle are very fast paced. Cities such as Paris , New York City , London , Tokyo and Singapore experiences an ever growing economy and time , is money.Standards of living in those cities are rather high because of their strong economies , and this will definitely affect the people living there in terms of purchasing what they want. Of course , by now most people would have already found out that Singapore was named the world's most expensive city to live in 2014 , a study result which includes 131 cites done by the Economist Intelligence Unit. Singapore topped the list because of its strong economy and currency , also the cost to run a car and soaring utility bills and not to forget , buy a house. It is also the most expensive place to buy clothes. With all these factors combined , a full-time working class adult needs to spend quite a lot of money in month.With money invested in everyday necessities like clothes , it is very difficult for a middle-income adult to actually own a big house in Singapore. This is made worse by the fact that Singapore faces land constraints and an increase in population. Nowadays , a brand new 3 bedroom condominium can set you back at around $900,000 - $1M+ . A condominium with the same size , or perhaps even slightly bigger in other countries such as United States of America (USA) , is probably going for half of that price.Given the same amount of income per year , I am sure that one could probably invest in a much larger home in places like Malaysia , Indonesia. Therefore , a working class adult living in cities which has a very high standard of living , is going to face financial constraints when going for a home with a considerably large area.
Thursday, February 13, 2014
Design Process 3 ,Money.
In many big metropolitan cities around the globe , economy and lifestyle are very fast paced. Cities such as Paris , New York City , London , Tokyo and Singapore experiences an ever growing economy and time , is money.Standards of living in those cities are rather high because of their strong economies , and this will definitely affect the people living there in terms of purchasing what they want. Of course , by now most people would have already found out that Singapore was named the world's most expensive city to live in 2014 , a study result which includes 131 cites done by the Economist Intelligence Unit. Singapore topped the list because of its strong economy and currency , also the cost to run a car and soaring utility bills and not to forget , buy a house. It is also the most expensive place to buy clothes. With all these factors combined , a full-time working class adult needs to spend quite a lot of money in month.With money invested in everyday necessities like clothes , it is very difficult for a middle-income adult to actually own a big house in Singapore. This is made worse by the fact that Singapore faces land constraints and an increase in population. Nowadays , a brand new 3 bedroom condominium can set you back at around $900,000 - $1M+ . A condominium with the same size , or perhaps even slightly bigger in other countries such as United States of America (USA) , is probably going for half of that price.Given the same amount of income per year , I am sure that one could probably invest in a much larger home in places like Malaysia , Indonesia. Therefore , a working class adult living in cities which has a very high standard of living , is going to face financial constraints when going for a home with a considerably large area.
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