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Singapore among top 5 costliest cities for expats

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Tell us something we don't know already. Singapore were among the top five most expensive cities for expatriates in a Cost of Living Survey conducted by Mercer. (Thought bubble: Not just for expats!) The Little Red Dot placed fourth, with Hong Kong securing the second spot. Other Asian cities in the global list were Shanghai (6), Beijing (7), and Seoul (8). Leading the list was Angolan capital Luanda, which retained its top spot due to the high price of imported goods and security services used by many foreigners. The survey by the Mercer consulting group compares the cost of over 200 items in 207 cities, including housing, food, transport and entertainment. It takes New York as its base city for comparison, and measures currency movements against the dollar, which has appreciated significantly from a year ago as the health of the US economy has improved. With AFP. Photo: Wikipedia

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