New Technology for Singapore Biennale
New Technology for Singapore Biennale
Asia’s most expensive cities: Singapore vs HK
A survey by human resource body ECA International, which compared the costs of 128 consumer goods and services purchased by expatriates in more than 300 cities, has been released.
The most expensive city in Asia for expats is Seoul, followed by Tokyo and Yokohama. Worldwide, the most expensive city is Luanda, the capital city of Angola, followed by Oslo and Moscow.
According to the survey, Singapore is the ninth most expensive city in Asia this year, up a notch from last year — 122nd worldwide, up 10 rungs.
Hong Kong’s ranking has remained unchanged as the fifth most expensive location in the region and 79th worldwide.
“The recent rise in GST and overall rising inflation resulting in higher CPI have all contributed to pushing up living costs in Singapore. This, together with no change in Hong Kong’s position, means that the gap is closing between the two traditionally competitive locations,” said ECA, the world’s largest membership organisation for human resource professionals.
Source: “S’pore less attractive to expats: Survey - Island slowly edging its way up the list of costliest cities” Today Online - http://www.todayonline.com - November 27, 2007