Hong Kong is the 10th most expensive location for expatriates in Asia Pacific and the 28th globally, while Seoul has overtaken Tokyo to take top spot in the region—according to the latest Cost of Living survey by ECA International. The SAR dropped just one spot in the Asia Pacific ranking over 12 months and has been overtaken by Singapore. Globally it has risen one place and is now more expensive than the Swedish city of Stockholm.
Lee Quane, Regional Director—Asia, ECA International said, “Prices in ECA’s Hong Kong basket of goods and services typically purchased by expatriates increased 4.5% in the past twelve months. Nevertheless, Hong Kong’s position relative to other locations in the region, and globally, has remained steady.”
Paul Arkwright
Publisher
