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As everyone is well aware, NZ is phasing down into Level 2 on Thursday (14th May). Our physical office will open from Monday 18th May, but this will still be restricted, depending on staff commitments (and working around coughs/sniffles).  You may still find there will be a delay in response times. If it is necessary […]

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Good evening all Just touching base and following up after the PM’s latest speech. Our physical office will continue to remain closed through Alert Level 3.  We will review the situation around the 11th May 2020, when the government does their next review. The team will continue to work remotely from home and are available […]

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Please note our office is closed during the Government Lockdown period. Our team are working reduced work hours the best they can, please expect delays in email responses and at times reduced functionality due to working remotely. For any urgent queries, please contact Phil Smith, 027 520 1494 (preferably during working hours) Our thoughts are with you. […]

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News » Top 10 most expensive cities for expats

For the second year in a row, Hong Kong has taken out the top spot on the list of the world’s most expensive cities for expatriates, based on an annual report by consulting firm Mercer.

Aimed at helping multinational companies and governments determine compensation packages for the skilled foreign workers the send or hire overseas, the report measures the comparative cost of more than 200 items in 209 cities. The items include housing, transport, food, clothing, household goods and entertainment.
Asian cities account for eight of this year’s top 10. However, the list’s biggest climber is Turkmenistan’s capital, Ashgabat, which soared 36 spots to seventh place due to a shortage of currency and imported goods driving up the prices.
Hong Kong’s housing market and fluctuations in its currency, which is pegged to the strong US dollar, kept the city at the top of the list. Australian cities fell down the rankings, largely due to depreciation of the local currency against the US dollar. Sydney is the country’s most expensive place for expats, coming in at number 50.

Top 10;

  1. Hong Kong
  2. Tokyo
  3. Singapore
  4. Seoul
  5. Zurich
  6. Shanghai
  7. Ashgabat
  8. Beijing
  9. New York City
  10. Shenzhen

Article from InTheBlack issue October 2019

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