Singapore, Bangkok top cost of living survey in ASEAN

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SingaporeSingapore, Bangkok and Jakarta are the top three most expensive cities to live in ASEAN for international assignees, a new survey by ECA International, an international human resources consulting firm, found.

The survey compares a basket of like-for-like consumer goods and services across 440 locations worldwide.

Within Asia, Beijing is now the second most expensive location for international assignees, up from 5th position last year. While Tokyo still tops the list of the most expensive location within Asia for expatriates, globally it has fallen to 10th place on the back of a weaker Yen – a significant drop from last year, when it was the most expensive city in the world for expatriate staff. Companies that need to assign staff to Japan can now do so for considerably less than in recent years, despite the country’s long period of deflation being reversed earlier this year.

Globally, Beijing is the 15th most expensive location for expatriates. Shanghai is in 18th position in the global results, and 4th in Asia. Hong Kong, in 28th place globally and 8th in Asia, is Greater China’s third most expensive city.

Singapore has dropped one place in the regional ranking, to 9th place. It is now behind Hong Kong for the first time since 2010. This is largely due to the recent weakening of the Singapore dollar against the US dollar to which the Hong Kong currency is pegged. Globally, Singapore sits in 30th position, also just behind Hong Kong.

After Japan, some of the biggest falls in living costs in Asia have been seen in Indonesia – also partly as a result of a weaker currency. Jakarta has dropped 45 spots to 172nd place. Karachi remains the cheapest location surveyed in Asia.

The ranking of the most expensive cities in ASEAN is as follows:

Regional rank 2013

Location

Global rank 2013

9 Singapore 30
26 Bangkok 170
27 Jakarta 172
28 Vientiane 187
30 Kuala Lumpur 200
31 Yangon 202
32 Chiang Mai 206
33 Metro-Manila 207
34 Phnom Penh 215
35 Surabaya 217
36 Hanoi 221
37 Ho Chi Minh City 223
39 George Town 230

Here the full list for Asia:

Regional rank 2013

Location

Global rank 2013

1
Tokyo
10
2
Beijing
15
3
Nagoya
16
4
Shanghai
18
5
Yokohama
20
6
Seoul
21
7
Osaka
23
8
Hong Kong
28
9
Singapore
30
10
Guangzhou
38
11
Shenzhen
40
12
Busan
41
13
Ulsan
51
14
Taipei
69
15
Dalian
79
16
Tianjin
90
17
Qingdao
91
18
Chongqing
104
19
Kaohsiung
110
20
Suzhou
112
21
Chengdu
113
22
Wuhan
116
22
Xiamen
116
24
Nanjing
119
25
Xi’an
120
26
Bangkok
170
27
Jakarta
172
28
Vientiane
187
29
Dhaka
198
30
Kuala Lumpur
200
31
Yangon
202
32
Chiang Mai
206
33
Metro-Manila
207
34
Phnom Penh
215
35
Surabaya
217
36
Hanoi
221
37
Ho Chi Minh City
223
38
New Delhi
228
39
George Town
230
40
Colombo
235
41
Mumbai
237
42
Ulaanbaatar
240
43
Bangalore
244
44
Chennai
246
45
Pune
247
46
Kathmandu
248
47
Kolkata
250
48
Hyderabad
252
49
Islamabad
253
50
Karachi
256

Top 50 most expensive countries worldwide:

Country

Location

Global rank 2013

Global rank 2012

Venezuela
Caracas
1
7
Angola
Luanda
2
4
Norway
Oslo
3
3
South Sudan
Juba
4
14
Norway
Stavanger
5
8
Switzerland
Zurich
6
9
Switzerland
Geneva
7
10
Switzerland
Bern
8
11
Switzerland
Basel
9
12
Japan
Tokyo
10
1
Denmark
Copenhagen
11
17
Russia
Moscow
12
15
Congo
Brazzaville
13
29
Finland
Helsinki
14
28
China
Beijing
15
21
Japan
Nagoya
16
2
Gabon
Libreville
17
30
China
Shanghai
18
25
Sweden
Stockholm
19
19
Japan
Yokohama
20
5
Korea Republic
Seoul
21
22
Congo
Pointe Noire
22
33
Japan
Osaka
23
6
Israel
Tel Aviv
24
46
Papua New Guinea
Port Moresby
25
13
Sweden
Gothenburg
26
34
Israel
Jerusalem
27
54
Hong Kong
Hong Kong
28
32
France
Paris
29
43
Singapore
Singapore
30
31
Australia
Sydney
31
16
Azerbaijan
Baku
32
40
United States of America
Manhattan
33
37
Senegal
Dakar
34
49
Germany
Berlin
35
52
Nigeria
Abuja
36
35
Nigeria
Lagos
37
39
China
Guangzhou
38
57
Australia
Canberra
39
18
China
Shenzhen
40
61
Korea Republic
Busan
41
53
Russia
St Petersburg
42
45
Guinea
Conakry
43
97
Chad
N’Djamena
44
71
Australia
Melbourne
45
23
Australia
Adelaide
46
20
Australia
Perth
47
24
Belgium
Brussels
48
63
United States of America
Honolulu
49
51
United States of America
New York
50
50
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Reading Time: 2 minutes

Singapore, Bangkok and Jakarta are the top three most expensive cities to live in ASEAN for international assignees, a new survey by ECA International, an international human resources consulting firm, found.

Reading Time: 2 minutes

SingaporeSingapore, Bangkok and Jakarta are the top three most expensive cities to live in ASEAN for international assignees, a new survey by ECA International, an international human resources consulting firm, found.

The survey compares a basket of like-for-like consumer goods and services across 440 locations worldwide.

Within Asia, Beijing is now the second most expensive location for international assignees, up from 5th position last year. While Tokyo still tops the list of the most expensive location within Asia for expatriates, globally it has fallen to 10th place on the back of a weaker Yen – a significant drop from last year, when it was the most expensive city in the world for expatriate staff. Companies that need to assign staff to Japan can now do so for considerably less than in recent years, despite the country’s long period of deflation being reversed earlier this year.

Globally, Beijing is the 15th most expensive location for expatriates. Shanghai is in 18th position in the global results, and 4th in Asia. Hong Kong, in 28th place globally and 8th in Asia, is Greater China’s third most expensive city.

Singapore has dropped one place in the regional ranking, to 9th place. It is now behind Hong Kong for the first time since 2010. This is largely due to the recent weakening of the Singapore dollar against the US dollar to which the Hong Kong currency is pegged. Globally, Singapore sits in 30th position, also just behind Hong Kong.

After Japan, some of the biggest falls in living costs in Asia have been seen in Indonesia – also partly as a result of a weaker currency. Jakarta has dropped 45 spots to 172nd place. Karachi remains the cheapest location surveyed in Asia.

The ranking of the most expensive cities in ASEAN is as follows:

Regional rank 2013

Location

Global rank 2013

9 Singapore 30
26 Bangkok 170
27 Jakarta 172
28 Vientiane 187
30 Kuala Lumpur 200
31 Yangon 202
32 Chiang Mai 206
33 Metro-Manila 207
34 Phnom Penh 215
35 Surabaya 217
36 Hanoi 221
37 Ho Chi Minh City 223
39 George Town 230

Here the full list for Asia:

Regional rank 2013

Location

Global rank 2013

1
Tokyo
10
2
Beijing
15
3
Nagoya
16
4
Shanghai
18
5
Yokohama
20
6
Seoul
21
7
Osaka
23
8
Hong Kong
28
9
Singapore
30
10
Guangzhou
38
11
Shenzhen
40
12
Busan
41
13
Ulsan
51
14
Taipei
69
15
Dalian
79
16
Tianjin
90
17
Qingdao
91
18
Chongqing
104
19
Kaohsiung
110
20
Suzhou
112
21
Chengdu
113
22
Wuhan
116
22
Xiamen
116
24
Nanjing
119
25
Xi’an
120
26
Bangkok
170
27
Jakarta
172
28
Vientiane
187
29
Dhaka
198
30
Kuala Lumpur
200
31
Yangon
202
32
Chiang Mai
206
33
Metro-Manila
207
34
Phnom Penh
215
35
Surabaya
217
36
Hanoi
221
37
Ho Chi Minh City
223
38
New Delhi
228
39
George Town
230
40
Colombo
235
41
Mumbai
237
42
Ulaanbaatar
240
43
Bangalore
244
44
Chennai
246
45
Pune
247
46
Kathmandu
248
47
Kolkata
250
48
Hyderabad
252
49
Islamabad
253
50
Karachi
256

Top 50 most expensive countries worldwide:

Country

Location

Global rank 2013

Global rank 2012

Venezuela
Caracas
1
7
Angola
Luanda
2
4
Norway
Oslo
3
3
South Sudan
Juba
4
14
Norway
Stavanger
5
8
Switzerland
Zurich
6
9
Switzerland
Geneva
7
10
Switzerland
Bern
8
11
Switzerland
Basel
9
12
Japan
Tokyo
10
1
Denmark
Copenhagen
11
17
Russia
Moscow
12
15
Congo
Brazzaville
13
29
Finland
Helsinki
14
28
China
Beijing
15
21
Japan
Nagoya
16
2
Gabon
Libreville
17
30
China
Shanghai
18
25
Sweden
Stockholm
19
19
Japan
Yokohama
20
5
Korea Republic
Seoul
21
22
Congo
Pointe Noire
22
33
Japan
Osaka
23
6
Israel
Tel Aviv
24
46
Papua New Guinea
Port Moresby
25
13
Sweden
Gothenburg
26
34
Israel
Jerusalem
27
54
Hong Kong
Hong Kong
28
32
France
Paris
29
43
Singapore
Singapore
30
31
Australia
Sydney
31
16
Azerbaijan
Baku
32
40
United States of America
Manhattan
33
37
Senegal
Dakar
34
49
Germany
Berlin
35
52
Nigeria
Abuja
36
35
Nigeria
Lagos
37
39
China
Guangzhou
38
57
Australia
Canberra
39
18
China
Shenzhen
40
61
Korea Republic
Busan
41
53
Russia
St Petersburg
42
45
Guinea
Conakry
43
97
Chad
N’Djamena
44
71
Australia
Melbourne
45
23
Australia
Adelaide
46
20
Australia
Perth
47
24
Belgium
Brussels
48
63
United States of America
Honolulu
49
51
United States of America
New York
50
50
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