08 Jun '11, 10pm

The strong Singapore dollar means we're now the 6th more expensive location in Asia for expats

SINGAPORE - The continued strength of the Singapore dollar has pushed the Republic up to sixth place on the list of the most expensive locations in Asia for expatriates to live, according to the latest Cost of Living survey from ECA International. Worldwide, Singapore rose from the 68th to the 36th spot in one year, becoming more expensive for international assignees than places like Hong Kong, New York, Amsterdam, Frankfurt and Shanghai. The company, which provides solutions for firms sending their staff overseas, said the 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. Such goods and services now cost almost 3 per cent more in Singapore than in Hong Kong. Just a year ago, they cost 5 per cent more in Hong Kong than here. The strong Singapore dollar - w...

Full article: http://www.todayonline.com/Hotnews/EDC110609-0000343/Spor...

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