Hong Kong no longer the most expensive city in Asia for expats
TOKYO has dethroned Hong Kong as the most expensive city in Asia for overseas workers, according to a survey released last month. The ECA International Cost of Living Ranking data showed that within the space of 12 months, Hong Kong fell from the second most expensive place on the planet for expatriates to 11th – largely because of a depreciating Hong Kong dollar. “Although the price of goods has continued to rise in Hong Kong in the past 12 months, the Hong Kong dollar has weakened over the same period of time” said Lee Quane, Regional Director – Asia at ECA International. SEE ALSO: Rise of Megacities: Two thirds of world population will be living in cities by 2050 ...
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