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26-07-2013, 11:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
SINGAPORE - The Republic has moved up two spots to become the fifth-most expensive city in the world for expatriates, and the second-most pricey location in Asia.
The city-state's high cost of living is due to its strong currency and expensive rental market, according to findings from Mercer's 2013 Cost of Living Survey.
Using New York as the base city, the research ranks 214 cities around the world based on the comparative cost of over 200 items - including housing, transportation, food, clothing, and entertainment.
Mercer has shared the rankings for only the 10 costliest cities.
Because the cost of expatriate housing is typically the biggest expense for employers, Mercer said it "plays an important part" in determining the rankings, accounting for almost a quarter of the overall cost of living basket.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?158102-We-are-moved-up-to-5th-spot-in-the-world!&goto=newpost).
SINGAPORE - The Republic has moved up two spots to become the fifth-most expensive city in the world for expatriates, and the second-most pricey location in Asia.
The city-state's high cost of living is due to its strong currency and expensive rental market, according to findings from Mercer's 2013 Cost of Living Survey.
Using New York as the base city, the research ranks 214 cities around the world based on the comparative cost of over 200 items - including housing, transportation, food, clothing, and entertainment.
Mercer has shared the rankings for only the 10 costliest cities.
Because the cost of expatriate housing is typically the biggest expense for employers, Mercer said it "plays an important part" in determining the rankings, accounting for almost a quarter of the overall cost of living basket.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?158102-We-are-moved-up-to-5th-spot-in-the-world!&goto=newpost).