World's Top 10 Expensive Cities: Consulting firm Mercer has published its annual report. Under the cost of living survey, it has listed the top expensive cities for Expats. Hong Kong tops the list for being the world's most expensive city for expatriates. The city has got this name for the second time in a row. Mario Ferraro, Mercer's Global Mobility Practice Leader for Asia, Middle East and Africa, says Hong Kong's housing market is the first and major reason for it to top the list. He adds that its location is popular with expatriate communities it suits the expectations of them.
Tokyo (Courtesy - Maxpixel)
Fluctuations in its currency are determined to be as strong as the US dollar has placed this city at the top of the list. The second city is Tokyo after which comes to Singapore, Seoul, Zurich, and Shanghai. In this list of top 10, 8 cities are from Asia. Ashgabat, Turkmenistan's capital has improved a lot and has crossed 36 positions ahead and acquired the seventh spot which is a consequence of a shortage of currency and imported goods driving prices according to the study.