15 Jul '11, 12am

[TR] Singapore vs. Hong Kong: Which Is More Expensive?

By Alexandra Wexler, Wall Street Journal, 14 July 2011 In the continuing rivalry between Singapore and Hong Kong, Singapore has scored the latest triumph. But this is a victory the city-state might not care to gloat about: It’s now more expensive for an expatriate to live in Singapore than in Hong Kong, according to a survey by consulting firm Mercer that compared the cost of living in cities around the world. Singapore moved up three places in the rankings to become the eighth-costliest city in the world, surpassing Hong Kong, which was pushed down one place to ninth. It’s the first time Singapore has ranked ahead of Hong Kong since Mercer started its annual Worldwide Cost of Living survey in 1994. The survey calculates the cost of living for skilled expats in 214 cities world-wide, taking into account more than 200 items, including housing, transport, food, clothing, hou...

Full article: http://www.temasekreview.com/2011/07/15/singapore-vs-hong...

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