{"id":6328,"date":"2016-06-27T02:56:42","date_gmt":"2016-06-26T18:56:42","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=6328"},"modified":"2022-07-01T04:02:50","modified_gmt":"2022-06-30T20:02:50","slug":"singapore-fourth-expensive-city-expats","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/singapore-fourth-expensive-city-expats\/","title":{"rendered":"Singapore fourth most expensive city for expats"},"content":{"rendered":"
<\/div>

An annual survey by Mercer recently named Singapore as the fourth costliest city for expatriates,\u00a0with Hong Kong topping the chart.<\/p>\n

Mercer’s 2016 Cost of Living Survey compared the cost of more than 200 items, such as housing\u00a0including rental accommodation costs, food, and transport, to prices in New York that were used as\u00a0a benchmark.<\/p>\n

\"Singapore
Singapore is still one of the top 5 costliest cities for expats<\/figcaption><\/figure>\n

Currency movements were also matched against the US dollar, according to a Channel NewsAsia<\/a>\u00a0report. The survey subsequently ranked 209 cities across five continents.<\/p>\n

Hong Kong overtook Luanda, which settled for second place in 2016, buoyed by a stronger\u00a0currency. Zurich was ranked third, followed by Singapore and Tokyo. Shanghai was in seventh spot\u00a0while Beijing was ranked tenth.<\/p>\n

Chinese cities, apart from Shenzhen, saw a drop in rankings and currency played a role, the survey\u00a0showed. \u201cThe strengthening of the Japanese yen pushed Japanese cities up in the ranking,\u201d said Ms\u00a0Nathalie Constantin-Metral, a Principal at Mercer who compiled the ranking.<\/p>\n

\u201cHowever, Chinese cities fell in the ranking due to the weakening of the Chinese yuan against the\u00a0US dollar,\u201d she added.<\/p>\n

Australian cities also saw their rankings plunge as their currency weakened against the US dollar.<\/p>\n

Sydney, a city popular with expatriates, dropped 11 spots and was placed at 42. Melbourne fell 24\u00a0spots to 71. Brisbane dropped 30 spots to 96, while Canberra fell 33 spots to 98.<\/p>\n

Hong Kong \u2013 the costliest city in the world going by the latest ranking \u2013 has its currency pegged to\u00a0the greenback. The results come even as analysts believe Hong Kong and Singapore property\u00a0sectors are close to bottoming out.<\/p>\n

Since September, property prices have shed 13 percent in Hong Kong, and 1.2 percent in\u00a0Singapore.<\/p>\n

Visit Channel NewsAsia<\/a> for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"

An annual survey by Mercer recently named Singapore as the fourth costliest city for expatriates,\u00a0with Hong Kong topping the chart. Mercer’s 2016 Cost of Living Survey compared the cost of more than 200 items, such as housing\u00a0including rental accommodation costs, food, and transport, to prices in New York that were used as\u00a0a benchmark. Currency movements…<\/p>\n","protected":false},"author":17,"featured_media":54331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53589,57131,53590],"tags":[53612],"persona":[],"class_list":{"2":"type-post","11":"entry","12":"has-post-thumbnail"},"acf":[],"yoast_head":"\nSingapore 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