08 Jun '11, 4pm

S'pore jumps 3 spots to become 6th most expensive city in Asia

SINGAPORE : Singapore has jumped three places this year to become the sixth most expensive city in Asia for expatriates to live in, according to the latest cost of living survey from ECA International. The company, which provides solutions for firms sending their staff overseas, said the continued strength of the Singapore dollar against major currencies had pushed the republic up the global ranking. ECA International also said prices of goods and services commonly purchased by international assignees have risen at much faster rates in Singapore than in other developed locations in the region. It said such goods and services now cost almost three per cent more in Singapore than in Hong Kong. Just a year ago, they cost five per cent more in Hong Kong than here. Singapore rose to the 36th spot from 68th in the global ranking in one year. ECA International pointed out that Si...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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