Singapore is 30th costliest city for expats

Singapore is 30th costliest city for expats

SINGAPORE- Singapore has inched up one spot to become the 30th most expensive location in the world for expatriate workers, a survey has revealed.

Regionally, it slipped one place to ninth, marking the first time since 2010 that it has fallen behind Hong Kong, which is eighth.

Tokyo remains the most expensive city in Asia.

The survey results were released yesterday by human resources consulting firm ECA International, which said: "This is largely due to the recent weakening of the Singapore dollar against the US dollar to which the Hong Kong currency is pegged."

Singapore remains more expensive than its neighbours in South-east Asia: Bangkok (26th position in Asia), Jakarta (27th), Vientiane (28th) and Kuala Lumpur (30th).

The study compares a basket of like-for-like consumer goods and services commonly purchased by expatriates in 440 locations worldwide.


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