Car costs make Singapore world's priciest city. Again.

The high life: Singapore is the most expensive city in the world, for the fifth year running, according to an annual cost of living survey.

Singapore (AFP) - The eye-watering cost of owning a car in space-starved Singapore means the city state is the world's most expensive place to live, for the fifth year in a row, a survey said Thursday.

The Asian financial hub -- where owning a no-frills sedan can set you back US$76,000 -- beat global capitals to the dubious title, despite stiff competition from resurgent European cities.