Hong Kong still most expensive city for expats

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Hong Kong retains its place atop the rankings for a third straight year, according to the latest Mercer annual report. FMTNews HongKong

People gather to watch the sunset as they stand on a viewing platform in Tamar Park overlooking Victoria Harbour and the Kowloon skyline in Hong Kong this year.

The consultancy found Hong Kong, with its sky-high housing costs, was still ahead of 208 other cities while Asia provided six of the top ten — Turkmen capital Ashgabat notably edging Tokyo out of second spot. Mercer’s report found the strength of the dollar has forced up costs for expatriates in American cities.

In Europe, London rose four places to 19th partly on the back of a relative rise in sterling but Paris slid from 47th to 50th as the euro lost ground against the dollar, against which local currencies are measured for the survey.Sarra said the survey was based on the cost of living in February going into March, when “most countries had not yet been affected by the crisis.”

 

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