WHILE living costs for expatriates in Singapore are rising, they are going up even faster in regional rival Hong Kong.
It is now 15 per cent more expensive to live in Hong Kong than in Singapore, according to the latest Cost of Living Survey released by human resource data firm ECA International.
This is a bigger difference than last year, when the cost of living in Hong Kong was 12 per cent higher than here.
Globally, Singapore has shot up 35 spots from last year's survey to rank as the 95th most expensive city to live in this year. Hong Kong is at 33.
In Asia, Singapore is at No.12 while Hong Kong is ranked sixth.
The new figures show Beijing to be 15 per cent more expensive to live in than Singapore. The Chinese capital ranks as the fifth most expensive Asian city, and No. 31 overall.
Read the full story in Friday's edition of The Straits Times.
