07 Dec '11, 1am

Singapore is 6th most expensive city in Asia for expats

Singapore is 6th most expensive city in Asia for expats

SINGAPORE'S RISE: The strong Singdollar and a 5.7 per cent rise in the average price of goods and services are the key reasons for the climb. -- ST PHOTO: ALPHONSUS CHERN By Anita Gabriel , Senior Correspondent Singapore has jumped two spots and overtaken Hong Kong for the first time in at least 10 years to become the sixth most expensive city in Asia for expatriates. The strong Singdollar and a 5.7 per cent rise in the average price of goods and services are behind Singapore's rise up the league table, according to the latest Cost of Living Survey by ECA International. Japanese cities took the top four places followed by Seoul. Background story Region's most costly locations 1. Tokyo 2. Nagoya 3. Yokohama 4. Kobe 5. Seoul 6. Singapore 7. Beijing 8. Shanghai 9. Hong Kong 10. Busan Globally, Singapore has catapulted to 31st spot from 42 a year ago, while Japan, largely owin...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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Singapore is 6th most expensive city in Asia

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