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South Korea

Asia dominates rankings of most expensive cities

Singapore, Hong Kong remain top two; Tokyo, Osaka, Seoul rise on currency

Singapore retained its place as the most expensive city to live in.

TOKYO -- Asian cities such as Singapore and Tokyo were the most expensive worldwide for residents in 2016, as currency appreciation drove an increase in the general cost of living.

The Worldwide Cost of Living research, conducted semiannually by The Economist Intelligence Unit, found that half of the 10 most expensive cities were in Asia. Singapore retained its place as the most expensive for a fourth consecutive year, while Hong Kong kept the second spot. The study looks into more than 400 individual prices across 160 products and services in 132 cities.

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