Singapore is now the 18th most expensive city worldwide for expats, and the 10th most expensive in the Asia Pacific, according to a survey by ECA International.
SINGAPORE: In the past five years, Singapore jumped 13 spots from 31st to 18th in the global ranking of the most expensive locations for expatriates, according to a cost of living survey by consultancy firm ECA International.
It has, however, been overtaken by other Asian cities such as Hong Kong, which rose 26 places to 9th place globally from March 2012 to March 2016, and Guangzhou, which rose 40 places to be ranked 15th worldwide. The island-state is now the 10th most expensive city in Asia for expatriates, according to the survey.
Over the past five years, Singapore and other Asian locations have overtaken locations in Europe and Australasia in the rankings, the firm said.