Can the cost for a cup of matcha latte tell you how liveable a city is?
That’s one of the factors that Savills, a global real estate services provider, is using in its inaugural Matcha Index – a study that assesses urban liveability through cafe culture, matcha affordability, and quality of cafes.
You might be thinking that considering how much the average price for a cup of matcha latte in Singapore costs today, that we must easily be among the most expensive cities in the world to enjoy this trending beverage.
And it’s true, in Singapore matcha lattes cost an average of US$5.43 ($6.99), placing us among the higher-cost markets in this index.
“Singapore has a vibrant and rich café culture. Besides the strong presence of established and new coffee chains, our café culture has evolved to embrace anything Matcha, which you can find in lattes, gelato, cakes, and even bubble tea,” says Sulian Tan-Wijaya, executive director of Retail & Lifestyle at Savills Singapore....