10 Jun '11, 10pm

Singapore becoming a more expensive place for expats, much to Hong Kong’s delight: There's long been a heated ba...

There's long been a heated battle between Hong Kong and Singapore, with both cities claiming rights to being the Asian "hub" of everything from tourism to sport. But the rivalry took another twist this week -- for something neither might want to boast too much about. A cost-of-living index this week for the first time claimed that Singapore was a more expensive place than Hong Kong for expat workers to live. Compiled twice yearly by the human resources consultancy ECA International (http://www.eca-international.com ), the index showed that Singapore has moved to sixth place in terms of cost of living for expats in Asia, up from ninth last year and passing old foe Hong Kong, which moved down one place to seventh. In Singapore the spin on the result was a positive one -- as local media pointed to the strength of the local dollar against foreign currencies as being the reason...

Full article: http://sg.news.yahoo.com/singapore-becoming-more-expensiv...

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