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SINGAPORE – The Republic climbed five spots to become the 13th most expensive city in the world for expatriates. It also rose two places in Asian rankings to become the seventh most costly location in the continent.
Taking the No. 1 spot globally was Ashgabat in Turkmenistan, which also topped the Asian charts.
Other Asian countries in the top 10 of the global rankings were Tokyo (No. 2), Hong Kong (No. 6), Yokohama (No. 8) and Nagoya (No. 10). Seoul was placed 16th, Macau 18th and Shanghai 22nd.
The latest survey results were published by ECA International on Tuesday (Dec 10), which assessed cost of living in cities for non-local employees based on a basket of consumer goods and services such as groceries, clothing and leisure activities.
However, house rents, cars and school fees are not included in calculations as they are usually paid for by employers. This means they are unrelated to expats’ spending power.
Hong Kong, which has been rocked by large-scale protests since June, remained at No. 6 on the global rankings, and slipped a spot to be the third-most expensive city in Asia.
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