09 Jun '11, 10am

Do you agree? IM$avvy Headlines: Singapore sixth most expensive city in Asia for expats

SINGAPORE has leapfrogged Hong Kong to become the sixth most expensive city in Asia for expatriates, mainly owing to the strong Singdollar, according to a new survey by ECA International. Hong Kong is now in seventh spot. Last year, Hong Kong was sixth and Singapore was ninth. Top 10 costliest By city, in Asia: 1. Tokyo 2. Nagoya 3. Yokohama 4. Kobe 5. Seoul 6. Singapore 7. Hong Kong 8. Beijing 9. Shanghai 10. Busan SOURCE: ECA INTERNATIONAL Globally, the Republic is the 36th most expensive city in the world for expats, up from 68th position in the space of a year. The human resources consultancy's latest Cost of Living survey found that Singapore is more expensive for those on international postings than Hong Kong, New York, Amsterdam, Frankfurt and Shanghai, for example. Tokyo emerged as the most expensive city on ECA's global list, ahead of Oslo (Norway), Nagoya (Japan)...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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