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☆ Japan is Asia's most expensive location to send expats — here are the other top spots
▼ + stars: | 2023-08-04 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

The average expatriate package in Japan cost employers $370,183 in 2022, according to "MyExpatriate Market Pay" survey by data company ECA International. Japan's salary and benefits packages for expats remained the highest in Asia, a new report has found. The average expatriate package in Japan costs employers $370,183, according to "MyExpatriate Market Pay" survey by data company ECA International. As a result, when measured in U.S. dollars, costs for salary, benefits and taxes "all fell by double-digit percentages," the report said. Globally, Japan ranked second while the U.K. retained its top spot as the most expensive location in the world to send expatriates.

Persons: —, assignees, Lee Quane, Quane Organizations: ECA, expats, Japan, ECA International, International's, Asia, Hong Locations: Japan, Asia, Laos, China, Hong Kong, Singapore, India, Korea Republic

☆ New York overtakes Hong Kong as the most expensive city in the world for expats, new survey shows
▼ + stars: | 2023-06-08 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

Hong Kong has ended its four-year reign as the most expensive city globally for expatriates, according to a survey — as New York surpasses it to first place. Hong Kong has ended its four-year reign as the most expensive city globally for expatriates — surpassed by New York which took first place, according to a new survey. Hong Kong fell in our rankings as the increase in prices of day-to-day goods and services was tempered by falls in accommodation costs in the city. Lee Quane ECA InternationalStill, Hong Kong retained its position as the most expensive location in Asia. Reports suggest residents of Hong Kong left the city in droves last year — due to Covid-19 restrictions and what they see as an erosion of democratic norms.

Persons: —, Lee Quane Organizations: New, ECA, assignees, Lee, Asia, U.S . Federal, Urban Land Institute, ULI, Asia Pacific Centre for Housing, U.S ., San Locations: Hong Kong, New York, Asia, Singapore, Asia Pacific, Asia Hong Kong Singapore Seoul Tokyo Shanghai Guangzhou Shenzhen Beijing Taipei Yokohama, Shanghai, Guangzhou, Tokyo, Japan, York, U.S, San Francisco

☆ The 10 least affordable places to live if you're an expat in 2023
▼ + stars: | 2023-06-08 | by ( Reena Koh | ) www.businessinsider.com time to read: +5 min

New York, Hong Kong, and Geneva are the top 3 unaffordable cities to live in if you're an expat in 2023. Read further for the 10 least affordable places to live if you're an expat in 2023, ranked from the most expensive to the least expensive. Alberto MazzaThe average monthly rent for a four-room apartment in Geneva's city center is about $4,600. GettyThe median monthly rent for a two-bedroom flat in London touched a high of $2,895 in December, according to CNBC. JaCZhou 2015/Getty ImagesThe average monthly rent for a four-room apartment in the city center of Zurich sits at around $4,200, per The Local.

Persons: —, Lee Quane, Read, Sharp, ANTHONY WALLACE, Alberto Mazza, LondonlovesBusiness, Justin Sullivan, Alexander Spatari, Marielle, Allan Baxter, Tokyo Kantei Organizations: Service, York, ECA, Big Apple, NBC, New York Times, Getty, expats, Bloomberg, CNBC, San Francisco Bay Area, Jerusalem Post, Central Bureau of Statistics, CBS, South Korea Skyline, South, Financial Times Locations: . New York, Hong Kong, Geneva, London, Singapore, New York, Asia, expat, Manhattan, expats, NBC New York, China Hong, Switzerland, Geneva's, Swiss, NurPhoto, Zurich, San Francisco, US, San Francisco Bay, Tel Aviv, Israel, Jerusalem, Seoul, South Korea, South Korean, —, Korean, Tokyo, Japan

☆ Traveling to Asia for work? This city is its most expensive business destination
▼ + stars: | 2023-03-22 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Hong Kong has been named the most expensive location in Asia for business travelers — for the second year in a row, according to a new report. watch nowTokyo, which dropped from second- to third-most expensive city in Asia, also experienced a 5% rise in daily costs for business travelers in local currency terms. "With average daily costs of $424 per day [in Tokyo], business travel to the city is now almost 20% cheaper than first-placed Hong Kong." "Even a tourist hub like Bangkok, which typically receives many business travelers, only saw a moderate 4% increase in business travel costs," Quane added. World's most expensive placeFor yet another year, New York received the dubious honor of being the most expensive place in the world for business travelers.

☆ India, China to see biggest jump in real salary as Asia-Pacific leads the way next year, report shows
▼ + stars: | 2022-11-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

As inflation continues to impact global economies, Asia-Pacific is the only region that will see real salary growth in 2023, according to ECA International. As inflation continues to impact global economies, Asia-Pacific will be the only region to see real salary growth in 2023, a new survey has found. That's compared to other regions which will see drops in average real salary, the report showed. With inflation increasing significantly in 2022, 78% of countries surveyed recorded a real salary decrease, and no European country saw a real-terms salary increase. Workers in China are also amongst "a small group globally" who will receive the highest rates of real salary growth this year and the next, Quane said.

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