Date
19 November 2017
Singapore remains the priciest city for expatriates for the second year in a row, according to a survey by the Economist group. Photo: Bloomberg
Singapore remains the priciest city for expatriates for the second year in a row, according to a survey by the Economist group. Photo: Bloomberg

Singapore remains world’s most expensive city for expats: survey

Singapore has retained its position as the most expensive city in the world for expatriates, according to a survey by the Economist Intelligence Unit (EIU).

For the second year in a row, Singapore was named the priciest global city in the survey that helps companies calculate relocation costs for expatriate staff.

Basic groceries in Singapore were found to be 11 percent more expensive than in New York, while clothing prices were more than 50 percent higher than in New York.

Transport costs, meanwhile, were almost three times higher than that of New York, the survey found.

The top five in the survey remained unchanged from a year earlier, with Paris, Oslo, Zurich and Sydney making up the rest of the top five in that order, BBC reported.

Apart from Singapore, two other Asian cities — Hong Kong and Seoul — were in the top 10 expensive cities.

Hong Kong was in the ninth position, while Seoul took the tenth rank.

The EIU survey compares the cost of living in US dollars between 133 cities worldwide and uses New York as a base city.

The cost of living includes the cost of more than 160 products and services, ranging from food, toiletries and clothing to domestic help, transport and utility bills. 

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