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Business trends

Asian cities climb up the ranks as most expensive for expats

China rises due to stronger monetary regulation and flourishing economy

Hong Kong took the top spot as most expensive city for expats in 2018.   © Reuters

TOKYO -- Asian cities moved up the ranks of world’s most expensive for expatriates, with four cities placing in the top five, according to the latest cost of living survey by international human resources consulting firm Mercer.

Hong Kong topped the list, surpassing last year’s most expensive city Luanda, Angola, which fell to sixth place. These two locations frequently top the list for high-priced accommodations, but Luanda’s housing market has seen a downtrend.

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