SINGAPORE: Singapore jumped a whopping 12 places to become the 19th most expensive city for expatriates globally, based on a survey conducted by consultancy firm ECA International.

The surveys are carried out every March and September in over 440 cities worldwide, using a basket of day-to-day goods and services commonly purchased by expatriates.

The strengthening of the Singapore dollar against a number of other major currencies has exacerbated the cost of living here.

Assignees being relocated into Singapore are usually likely to require a higher cost of living allowance so as to maintain their spending power.

Within Asia, Singapore maintained its 9th place while Tokyo dropped from first to the seventh spot regionally and 16th place globally, mainly due to the depreciation of the Japanese Yen.

On the other hand, Shanghai has become the Asia’s most expensive city for expatriates, and the eighth most expensive globally.

Top 10 Most Expensive Asian Cities for Expatriates 2015

Asia Rank 2015LocationGlobal Rank 2015
1Shanghai8
2Beijing9
3Seoul10
4Hong Kong12
5Guangzhou14
6Busan15
7Tokyo16
8Shenzhen18
9Singapore19
10Port Moresby21