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June 18, 2007

Survey lists Singapore as 14th most expensive city for expatriates
A survey has put Singapore as the 14th most expensive city for expatriates, local television Channel NewsAsia reported June 18.

Singapore climbed three places to 14th, mainly due to surging property prices, said the survey published by British Human Resource company Mercer.

The survey covered 143 cities across six continents and measures the comparative costs of over 200 items, including housing, transport, food, household goods and entertainment, according to Channel NewsAsia.

The most expensive city in the world remains Moscow, followed by London, Seoul, Tokyo and Hong Kong. Asuncion, the capital of Paraguay, ranked as the cheapest for the fifth consecutive year.

The survey said currency movements, including a weaker dollar, was the main factor driving the changes. It added that the strengthening of the euro has moved some European cities significantly up the chart this year. Xinhua

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