Comments Off on Hong Kong 10th most expensive city in Asia for expatriates

Hong Kong 10th most expensive city in Asia for expatriates

Posted by | June 7, 2013 | living-in-hong-kong

south china morning post 070613 The South China Morning Post today reported that Hong Kong is Asia’s 10th dearest city for expatriates.

Hong Kong is unlikely to be losing it’s premium cost-base anytime soon, with rental inflation and school fees increases being major contributors to the City’s expensive living costs.

Although the Composite Consumer Price Index stands at 4% year-on-year, page 7 of the full report for April shows that private housing rent is rising by half as much again (5.9%).

Incredibly, a local ESF school recently projected a 54% increase in fees by 2017 as reported by the SCMP. With ESF waiting lists doubling over the last 3 years, there appears to be little danger of these increases impacting the ESF being full to capacity.

With the cost of English-Language schooling and property rental making up a significant proportion of household expenses, these statistics are cause for concern for expatriate residents.

Webmasters, you may syndicate this blog on your website for free.



Advertise Here
An Early Learning Centre in Anyang,Henan needs ESL teachers,accepting non-native, Business Analyst –, Food Runner, Accounting/Administrative Assistant, ESL Language Teacher in Hangzhou,Zhejiang,start immediately, Senior Waiter, Supervisors, Captains, Servers, Hostess, Sommelier, Full Time Sales, Head of Compliance, Curriculum Developer in Haizhu, Guangzhou, Senior Information Security Analyst, Marketing Manager – Hotel Relations, Teach in Yangjiang, Guangdong provided, up to 12k per month, Z visa provided, start in September, Network Operations Officer, Technical Consultant (IT), Head of PMO, Director for Research, Assistant Project Manager,
Follow us and join our HUGE Facebook group!
Please join us on Twitter, our Facebook group or on Google+