RP 19th most expensive city
December 23, 2007
Manila has been ranked 19th out of the 39 Asian cities considered expensive by expatriates, with Seoul in South Korea topping the list as the most expensive in the region, according to a survey by a human resources firm. The weaker yen has made Japanese cities more affordable, according to the ECA International, which released its latest twice-yearly survey recently. Depreciation of the yen against most other currencies, coupled with low inflation, has significantly reduced living costs for foreigners in Tokyo, Yokohama and Kobe in recent years,” ECA International said.
Yokohama placed third, followed by Kobe, Hong Kong, Taipei, Beijing, Shanghai and Singapore, with the Chinese city of Guangzhou taking the 10th spot, the survey said. Jakarta was the 11th most expensive place, Bangkok was in 18th place and Manila was in 19th place.
Hanoi, in 32nd place, was judged as more expensive than Kuala Lumpur which was in 33rd place, just a notch above the Laotian capital Vientianne.
Islamabad was the least expensive among the Asian cities surveyed at number 39. Globally, Angolas capital city Luanda was the most expensive for expatriates. It was followed by Oslo, Moscow, Norways seaport town of Stavanger, Copenhagen, Kinshasa, Seoul, Gabons capital of Libreville and Geneva. Central London was in tenth spot.
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