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Singapore and Hong Kong are the World’s Most Expensive Cities

Singapore and Hong Kong are the World’s Most Expensive Cities

According to the Economist Intelligence Unit’s Worldwide Cost of Living Survey, Singapore and Hong Kong have retained the top two spots as the world’s most expensive cities. Zurich was listed as the third most expensive and was the only European country amongst the top five most expensive cities. The rest of the cities are from Asia.

“According to the Economist Intelligence Unit’s Worldwide Cost of Living Survey, Singapore and Hong Kong have retained the top two spots as the world’s most expensive cities.”

~ Bloomberg

Tokyo jumped seven places to fourth position this year and Osaka climbed to fifth position, both strengthened by a surging yen. Seoul came in the sixth. Asia now accounts for 40% of the global economy.

Related Reports: Bloomberg, South China Morning Post

 


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