Singapore is fast rising in the ranks of becoming one of the most expensive cities in Asia for expatriates to live in.
The latest Cost of Living survey by consultancy firm ECA International shows that Singapore has leapt 17 places in ranking this year.
The city-state is now ranked 13, trailing behind cities such as Beijing, Taipei and Shanghai.
Higher food and fuel prices are among the reasons for the jump.
Tokyo tops the list as the most expensive Asian city for expatriates, followed by Yokohama and Seoul.
ECA’s Cost of Living survey is carried out twice a year, comparing a basket of more than 120 consumer goods and services commonly bought by expatriates in over 370 locations worldwide. – CNA/ac
Source : Channel NewsAsia – 11 Jun 2008