Expat Jobs and Careers in Asia. As an expat moving to a new city or a new country, you need to be aware of the cost level of living. Many countries in Asia have lower living standard in general compared to the West, but a few countries here are also considere among the most expensive to live in. Especially 3 countries springs into mind. Hong Kong, Singapore and Tokyo, Japan. Hong Kong. The former British Crown Colony reverted back to Chinese rule in 1997, but it has it own Special Administrative status, and still remains a major global financial hub. Hong Kong is also one of the most densely-populated cities in the world, and affordable housing there has always been scarce. Along with its runaway property market and tight living conditions, many of the city’s necessities, such as produce and other commodities, have to be brought in from Mainland China or imported from elsewhere, adding to their overall costs.
Expatriate Jobs and Foreigner Careers in Asia
Singapore. Another former British colony with a well-established financial sector, the city-state of Singapore has never been known as inexpensive. An American report earlier this year called Singapore the world’s most expensive city. Along with a strong local currency, expatriates must also contend with high housing prices, soaring utility costs and its reputation, according to a British website, as “the most expensive place in the world to buy clothes.” Tokyo. A long-time contender on any list of the world’s most expensive cities, the Japanese capital has actually dropped in the rankings compared to yearly year. Japanese cities are overall lower down on the “expensive” list at the moment, primarily due to the yen’s weakening against the U.S. dollar. But as in many other densely-packed financial hubs, Tokyo residents have to contend with high housing, utility and food prices, along with other related costs.
Expat Jobs in Asia and Living Costs
Where does it cost almost $8 to buy a cup of coffee and more than $4 for a liter of milk? That would be Hong Kong, which has just been ranked as the world’s most expensive city for expatriates, according to a new survey published by international consulting firm Mercer. Luanda, the capital of Angola, was placed second most expensive in the survey, followed by Zurich, Singapore and Tokyo. Kinshasa ranked sixth in world, according to the Mercer annual Cost of Living Survey, with Shanghai, Geneva, N’Djamena — the capital of Chad — and Beijing rounding out the top 10. Mercer’s Global Mobility Leader for ASEA, Mario Ferraro, said that although currency fluctuations had played a large part in this year’s rankings, many local currencies in fact became cheaper against the U.S. dollar during the survey period.