This article aims to explore why the foreign nationals opt study in Singapore in spite of very high cost of living. Singapore is a hub for quality education in the Pacific-Rim and it has the world’s renowned colleges including Singapore National University and Nanyang Technological University. Therefore the country hosts many foreign students from various parts of the world, especially Asian countries. It is often argued that the cost of living is generally very high for the students in Singapore because of various factors. This article aims to explore those various factors which makes cost of living so high in Singapore and conclude the reasons which makes the students to study in Singapore in spite of those high costs.