Post by Soutpeel on Jun 8, 2016 17:52:51 GMT 7
Singapore is 10th most expensive Asian city for expats: Survey
SINGAPORE - Singapore is now the 10th most expensive city in Asia for expatriates, down from its 8th position at the end of last year, according to a survey released on Wednesday (June 8).
But globally, Singapore is now the 18th most expensive location for expats, up 13 places in the last five years.
ECA International, which conducts its cost of living survey twice a year, said Tokyo remains the most expensive city in Asia for expats, followed by Hong Kong and Shanghai.
From a global perspective, however, Tokyo has moved down from 1st place over the last five years to 7th place, while Hong Kong is up 26 places from 2012’s 35th position.
Hong Kong now ranks higher than all Chinese Tier 1 cities for the first time in five years. The Hong Kong dollar has appreciated against most major currencies owing to its peg to the US dollar, which has pushed up prices of goods and services compared to those in locations whose currencies have weakened against the greenback, said ECA
www.nationmultimedia.com/breakingnews/Singapore-is-10th-most-expensive-Asian-city-for-ex-30287675.html
SINGAPORE - Singapore is now the 10th most expensive city in Asia for expatriates, down from its 8th position at the end of last year, according to a survey released on Wednesday (June 8).
But globally, Singapore is now the 18th most expensive location for expats, up 13 places in the last five years.
ECA International, which conducts its cost of living survey twice a year, said Tokyo remains the most expensive city in Asia for expats, followed by Hong Kong and Shanghai.
From a global perspective, however, Tokyo has moved down from 1st place over the last five years to 7th place, while Hong Kong is up 26 places from 2012’s 35th position.
Hong Kong now ranks higher than all Chinese Tier 1 cities for the first time in five years. The Hong Kong dollar has appreciated against most major currencies owing to its peg to the US dollar, which has pushed up prices of goods and services compared to those in locations whose currencies have weakened against the greenback, said ECA
www.nationmultimedia.com/breakingnews/Singapore-is-10th-most-expensive-Asian-city-for-ex-30287675.html
