Hong Kong becomes world’s costliest city

PARIS: Hong Kong has overtaken Angola’s capital to become the costliest city in the world for expats, Mercer’s annual survey said on Wednesday. After topping the

PARIS: Hong Kong has overtaken Angola’s capital to become the costliest city in the world for expats, Mercer’s annual survey said on Wednesday. After topping the Cost of Living report for three consecutive years, Luanda was pipped by the Asian city in 2016, owing to a stronger Hong Kong dollar. The survey by the Mercer consulting group compares the cost of over 200 items in over 200 cities, including housing, food, transport and entertainment. Bottom of the table of 209 cities was Namibia’s capital Windhoek.

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