Tokyo, Osaka, Hong Kong: Asia's most expensive cities

In a Cost of Living survey involving 214 cities, Tokyo, Osaka and Hong Kong are among the top 10 most expensive cities in the world for corporations to fund their expatriates. Singapore is not far behind in 11th place.

One only needs to do a Sunday drive around Hong Kong's Peak to see that big firms are paying top dollar to keep their expatriate employees happy and productive. Ranked as the eighth most expensive city out of a pool of 214 cities, Hong Kong maintains its affluent reputation in Mercer's most recent Cost of Living index, alongside Tokyo, Osaka and Singapore.

The index was created by consulting firm Mercer, and is an annual survey designed to be used as a tool to help develop compensation packages for expatriate employees among Mercer's corporate and government clients.

In the past couple of years, corporate assignments have become truly global, with expatriates and 'global assignees'...

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