{"id":57258,"date":"2017-06-08T09:50:33","date_gmt":"2017-06-08T02:50:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-drops-out-of-top-20-list-of-worlds-most-expensive-cities-for-expats\/"},"modified":"2017-06-08T10:50:04","modified_gmt":"2017-06-08T03:50:04","slug":"spore-drops-out-of-top-20-list-of-worlds-most-expensive-cities-for-expats","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-drops-out-of-top-20-list-of-worlds-most-expensive-cities-for-expats\/","title":{"rendered":"S'pore drops out of top 20 list of world\u2019s most expensive cities for expats"},"content":{"rendered":"


\nThe weakening Singapore dollar has made the city-state less expensive for expatriates.
\nSingapore has fallen out of the top 20 list of the most expensive cities in the world, moving six notches down from 18th place last year to 24th in this year\u2019s cost of living survey by ECA International, reported Channel NewsAsia.
\nTopping the list is Angola\u2019s Luanda followed by Hong Kong, Zurich, Geneva and Basel.
\nNonetheless, Singapore remained the 10th most expensive city within the Asia Pacific region, with Hong Kong taking the lead, followed by Tokyo, Seoul, Shanghai and Yokohama. Others in the top 10 are Nagoya, Osaka, Beijing and Busan.
\nLee Quane, ECA Regional Director for Asia, attributed Singapore\u2019s rankings drop to the weakening of the Singapore dollar against the US dollar last year.
\n\u201cOur researchers noticed that prices in Singapore in local currency terms actually rose 1.75 percent from 2016 to 2017,\u201d he said.
\n\u201cThat should have meant a rise in Singapore\u2019s ranking, but when we converted the prices to US dollar for comparison purposes, several locations that were originally below Singapore, such as Norway\u2019s Oslo and South Korea\u2019s Busan, overtook Singapore primarily because their currencies have been stronger against the US dollar.\u201d
\nThe last time the city-state was not included in the top 20 was in 2014 when it was listed 31st. It has witnessed a considerable jump in rankings since then, peaking at the 18th spot in 2016.
\nFor over 45 years, ECA International has been conducting the bi-annual cost of living survey, in which it compares a basket of like-for-like consumer goods and services commonly bought by expats in over 460 locations globally.
\nCertain living costs like accommodation rental, utilities and school fees are excluded as these are covered by separate allowances, it said.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…S’pore drops out of top 20 list of world\u2019s most expensive cities for expats<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The weakening Singapore dollar has made the city-state less expensive for expatriates. Singapore has fallen...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-57258","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eTw","jetpack-related-posts":[{"id":113026,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-the-7th-most-expensive-city-in-asia-for-expats-to-live-survey\/","url_meta":{"origin":57258,"position":0},"title":"Singapore is the 7th most expensive city in Asia for expats to live: Survey","date":"December 12, 2019","format":false,"excerpt":"\r Singapore\u2019s rise is attributed to the strong Singapore Dollar.\u00a0\u00a0 Singapore is the seventh most expensive city in Asia for expats to live, and the 13th most expensive city globally, according to the latest\u00a0Cost of Living Survey by ECA International, reported Singapore Business Review. The city-state rose two spots and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/12\/Singapore-7th-most-expensive-cities-in-the-world-for-expats.png?fit=600%2C257&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":91282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-returns-to-top-20-list-of-most-expensive-cities-for-expats\/","url_meta":{"origin":57258,"position":1},"title":"S\u2019pore returns to top 20 list of most expensive cities for expats","date":"June 13, 2018","format":false,"excerpt":"\r Singapore has been ranked as the 20th most expensive city globally in the latest survey by ECA International. Singapore has once again returned to the top 20 list of most expensive cities for expats, reported Channel NewsAsia citing the latest survey by ECA International. The city-state was ranked 20th\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-8th-most-expensive-place-in-asia-to-rent-mid-market-homes\/","url_meta":{"origin":57258,"position":2},"title":"Singapore falls to 8th most expensive place in Asia to rent mid-market homes","date":"January 17, 2018","format":false,"excerpt":"\r Singapore has continued to slip down the list of the most expensive location for rental accommodation in Asia as it settled in the eighth place, down one notch from last year, revealed a survey by ECA International. Notably, the city-state was ranked fourth in 2016. Lee Quane, ECA International\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expat-rents-in-singapore-increase-for-the-first-time-in-five-years\/","url_meta":{"origin":57258,"position":3},"title":"Expat rents in Singapore increase for the first time in five years","date":"April 2, 2020","format":false,"excerpt":"\r The average monthly rental for expatriates in Singapore rose 1.4% from last year to $6,069 (US$4,233) \u2013 its first increase in five years, showed a study by ECA International. ECA International\u2019s Regional Director for Asia Lee Quane attributed the uptick to an influx of overseas relocation, particularly by expats\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41841,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-7th-place-for-high-end-rentals\/","url_meta":{"origin":57258,"position":4},"title":"Singapore falls to 7th place for high-end rentals","date":"January 25, 2017","format":false,"excerpt":"\r Singapore has fallen three spots this year for high-end rental accommodation in Asia. Singapore has emerged as the seventh most expensive destination in Asia for high-end rental accommodation this year, down from fourth place in 2016, reported the Business Times. Hong Kong retained its position as Asia\u2019s most expensive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-seventh-place-for-high-end-rentals\/","url_meta":{"origin":57258,"position":5},"title":"Singapore falls to seventh place for high-end rentals","date":"January 26, 2017","format":false,"excerpt":"\r Expats with lower housing budgets partly to blame Aerial view of Keppel Bay in Singapore Singapore emerged as the seventh most expensive destination in Asia for high-end rental accommodation this year, down from fourth place in 2016, reported the Business Times. Hong Kong retained its position as Asia\u2019s most\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57258"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=57258"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57258\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=57258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=57258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=57258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}