What do you know? KL is the cheapest city

Yes, that’s right. According to a report by Swiss bank UBS, our very own Kuala Lumpur is the cheapest place to live in the world. This out of 71 cities surveyed by the bank.

Following KL is Mumbai, Buenos Aires and Delhi. The world’s most expensive cities are Oslo and London, followed by Copenhagen, Zurich and Tokyo, while apparently Zurich and Geneva residents have the highest buying power.

The survey is based on the cost of a basket of 122 goods and services.

Well I am surprised that KL has come out as the cheapest of the lot. After all it is a very modern city with a buzzing lifestyle. Would the locals agree that their city is the cheapest, especially when prices of fuel and other essential goods have been increasing quite dramatically in the recent past? I don’t know.

Click here to have a closer look at the survey.