“Singapore’s rise in our rankings is largely due to another strong year for the Singapore dollar,” says Lee Quane, regional director for Asia at ECA International. “While increases in prices have been small over the past year, the strength of the Singapore dollar relative to other currencies makes Singapore the 12th most expensive location in the world and the sixth in Asia, overtaking Beijing, Busan and Yokohama from a year ago.”
SINGAPORE (June 13): Singapore is now the 12th most expensive location in the world for expatriates, according to the latest cost of living survey published by ECA International.
The annual study, which compares a basket of like-for-like consumer goods and services in 482 locations worldwide, also places Singapore as the 6th most expensive location in Asia Pacific.
