The latest edition of Mercer’s 2011 Cost of Living survey has seen Singapore enter the top ten positions.
Mercer’s report is used by companies to help manage their expatriate’s program.
Singapore is now ranked at 8th, up from 11th the previous year and is the third most expensive country in Asia, after Tokyo (2) and Osaka (6).
The strength of the Singapore Dollar (against the USD) is one of the factors that contributed to the rise in the ranking. Another factor would be the strong property market.
And the costliest city in the world? Luanda, Angola