Posts Tagged ‘singapore’

Beijing more expensive than Singapore?

Tuesday, December 4th, 2007

Here are some excerpts from a 2 Dec Singapore’s Straits Times article: Expats here are feeling the pinch too. (subscription only)

  • ‘The ECA International survey showed Singapore rising 10 places to rank as the ninth-most-costly Asian city for expats.’
  • ‘Private home rentals have jumped by 32.2 per cent since January, compared with 14.1 per cent for the whole of last year.
  • ‘…soaring rents have prompted many multinationals to increase expat pay by up to 30 per cent.’
  • ‘I can live in Dubai for the same amount. But there, my company can charge up to thrice the price for our services.’

The article also reproduced ECA’s top 10 list of most expensive cities (below).

  1. Seoul
  2. Tokyo
  3. Yokohama
  4. Kobe
  5. Hong Kong
  6. Taipei
  7. Beijing
  8. Shanghai
  9. Singapore
  10. Guangzhou

Beijing and Shanghai are ranked above Singapore. But like any statistic, readers need to contextualise, or subscribe to ECA’s full report. Grade 1 fees at WAB (RMB146,535) may be pricier than at United World College (RMB107,311). But a liter of milk at Jenny Lou’s is cheaper than one at Cold Storage or Jason’s. We won’t get into the cost of a bowl of Niu Rou Mian here vs. one at Newton’s Circus.