Why are hotels in Singapore so expensive?

Because Singapore is an inch of land and gold, its residents have a high standard of living. According to the World Wide Web, hotels in Singapore are expensive because of the following points.

1, Singapore is a small place, so the price of renting or buying land is definitely expensive, which indirectly leads to the price of hotel rooms will not be low.

2. Singapore residents have a high standard of living and have been rated as the "most expensive" city in Asia many times. So hotels in Singapore are very expensive.