Singapore climbs to 5th spot among most expensive global destinations for expatriates, surpassing previous 13th rank: ECA Report
Singapore jumped to the 5th position in ECA International’s global ranking of the most expensive locations for expatriates, due to rapidly increasing accommodation costs.
Despite facing multi-year high inflation rates, Hong Kong fell to the second spot, overtaken by New York.
Other notable shifts include Seoul rising to 9th, Kuala Lumpur ranking 35th in Asia, and significant drops for Taipei and Tokyo due to currency depreciation and inflation.
