08 Jun '17, 3am

S'pore drops out of top 20 list of world’s most expensive cities for expats https://t.co/ZJhEbj5E6k

The weakening Singapore dollar has made the city-state less expensive for expatriates. Singapore has fallen out of the top 20 list of the most expensive cities in the world, moving six notches down from 18th place last year to 24th in this year’s cost of living survey by ECA International, reported Channel NewsAsia . Topping the list is Angola’s Luanda followed by Hong Kong, Zurich, Geneva and Basel. Nonetheless, Singapore remained the 10th most expensive city within the Asia Pacific region, with Hong Kong taking the lead, followed by Tokyo, Seoul, Shanghai and Yokohama. Others in the top 10 are Nagoya, Osaka, Beijing and Busan. Lee Quane, ECA Regional Director for Asia, attributed Singapore’s rankings drop to the weakening of the Singapore dollar against the US dollar last year. “Our researchers noticed that prices in Singapore in local currency terms actually rose 1.75 p...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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