SINGAPORE: Singapore has jumped three places to become the 14th
most expensive city in the world for expatriates.
This is according to a Cost of Living Survey conducted by Mercer
Human Resource Consulting.
The survey covers 143 cities across six continents and measures the
comparative costs of over 200 items.
These include housing, transport, food, household goods and
entertainment.
The cost of living Index for Singapore rose from 92 points in March
2006 to 100.4 points this year.
Mercer says the spike in house prices and climbing transportation
prices have contributed to the higher ranking on the global
list.
Moscow remained as the world's most expensive city for the second
year running while Asuncion in Paraguay ranks as the cheapest for
the fifth consecutive year.
London is second on the worldwide list, scaling three places
compared to 2006.
This is due to the stronger British pound against the US dollar and
steep property rental costs.
Mercer added that the strengthening of the Euro has resulted in
some European cities moving significantly up the chart this
year.
Four of the world's top 10 costliest cities are in Asia and they
are Seoul, Tokyo, Hong Kong and Osaka.
Within Asia-Pacific, Singapore moved up one spot to be the fifth
most expensive city. - CNA/yy
http://www.channelnewsasia.com/stories/singaporelocalnews/view/283005/1/.html
1. Moscow
2. London
3. Seoul
4. Tokyo
5. Hong Kong
6. Copenhagen
7. Geneva
8. Osaka
9. Zurich
10. Oslo
11. Milan
12. St Petersburg
13. Paris
14. Singapore
15. New York
With expat's pay, SG is expensive.. then what about us???
