Hong Kong re-enters top five locations with highest expatriate packages
Hong Kong rose three places to fifth position in rankings.
Hong Kong rose three places to fifth position in rankings.
Singapore rose six places to 16th position in global rankings of locations with the highest expatriate packages
Average annual cost of sending an expat to the UK is now £351,992, up by 11% on last year
Hong Kong loses number one status in spite of high levels of inflation
Singapore is now the fifth most expensive location in the world for expatriates, driven by rising accommodation costs
Following a four-year reign, Hong Kong (2nd) loses the top spot to New York
London is now the third most expensive business travel location in Europe, rising from 5th position pre-pandemic.
The typical daily cost of business travel in Singapore is now USD 515 – the second highest in Asia and 19th globally
As Hong Kong expects to receive the highest number of business travellers since 2019 it remains the most expensive location in the region for business travel
Locations in Malaysia – Kuala Lumpur, George Town and Johor Bahru – have risen in the global rankings over the past year.
Improvements in their liveability scores and rankings were largely driven by the relaxation of Covid-19 restrictions.
Singapore retains top position in global ranking while locations in Japan and Australia dominate the top 10 most liveable locations.
Kuala Lumpur – 8 Febru
Singapore maintains its status as the most liveable location for expatriate workers from East Asia since 2005.
Covid-19 restrictions and political situation contribute to Hong Kong’s fall to the 92nd most liveable location in the world for workers relocating from elsewhere in East Asia.
Bern, Switzerland lands first place position for quality of life, after Copenhagen’s three-year reign at the top.
Expatriate pay and benefits packages in Hong Kong rose by a modest USD 3 800 in 2021, to a total of USD 283 000, a rate of growth which was amongst the lowest of all locations in Asia. This was one of the findings of the latest MyExpatriate Market Pay Survey published annually by ECA International.
Expatriate salary and benefits packages in Singapore rose by a modest 4% in 2021 in local currency terms despite the city’s fall to 22nd place in the rankings of the costliest places to employ expatriates globally. This was one of the findings of the latest MyExpatriate Market Pay Survey published annually by ECA International,
A 20% rent increase cements London’s position within top five most expensive cities in the world, while a 12% increase in rental costs sees New York overtake Geneva to secure second place in ECA's global cost of living ranking.
Singapore’s position in ECA’s cost of living rankings remained unchanged from last year in spite of the city experiencing significant price rises in the past twelve months, with housing rental costs, utilities and petrol prices seeing particular growth.
Cost of living in UK cities overtook many in Europe ahead of lockdown Concerns over slowing growth in China and the Covid-19 pandemic weakens the yuan and pushes Chinese cities lower in the ranking Australasian cities also see drops in ranking partly linked to concerns over weaker growth in China affecting their currencies Swiss cities continue to be among the most expensive in the world, domina
29 North American locations now feature in the top 100 most expensive cities globally.
UK professionals are expected to receive a 1.1 percent real salary increase in 2020, equating to approximately £334.62pa on average.
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