Tokyo and Beijing are now the most expensive Asian cities for expatriate staff in live in, according to the latest Cost of Living Survey by ECA International, recognized as the leading provider of knowledge, information and technology for the management and assignment of employees across the globe.
While Tokyo is still Asia’s most expensive city for expatriates, globally it fell to 10th place from last year when it was number one in the world. The drop is due to a weaker Yen.
Beijing rose to number two in Asia, up from 5th place last year. It is now 15th globally.
The rest of the Top Ten most expensive cities in Asia are Nagoya, Shanghai, Yokohama, Seoul, Osaka, Hong Kong, Singapore, and Guangzhou.
Taipei was 14th, Bangkok 26th, Jakarta 27th, Vientiene 28th, Kuala Lumpur 30th, Yangon 31st, Chiang Mai 32nd, Metro-Manila 33rd, and Phnom Penh 34th. Hanoi and Ho Chi Minh City placed 36th and 37th.
The most expensive city in the world was found to be Caracas, Venezuela, followed by Luanda, Angola, according to the ECA survey.
Oslo, Norway was 3rd, followed by Juba, South Sudan 4th. Stavanger, Norway placed 5th in the world. Cities in Switzerland filled places 6th to 9th.
Other notables were Paris at 29th, and Manhattan at 33th – the most expensive place in the United States of America.
The survey found Singapore to have the most expensive beer in Asia, costing an expatriate an average of $13.47 (S$16.84) when ordered in a bar. A beer in Tokyo costs about 40 percent less.