The World's Most Expensive Cities for Expatriate Employees
I'm back again with more surveys :)
So guess which cities are in the Top 5?
You'll be surprised at the Most Expensive City in the World for both 2005 and 2006...
It's Moscow, Russia. Unbelievable huh? I would really wonder why would anyone want to go there to work. Bigger money there? Hmmm... But it's not surprising to know that Russia has the second highest suicide rates in the world. But it makes me wonder why Lithuania has the world's highest suicide rates... Hmmm...
Second is Seoul, South Korea. Yup, I know about that. Even Pastor Cho Yonggi's church - Yoido Full Gospel Church has so many billionaires out of their 800,000 over church members! Phew... It is the world's largest church, recognized by the Guinness Book of World Records. I won't be surprised if the whole nation of South Korea embraces Jesus as their Lord and Saviour in 50 years' time, at the rate it is growing. Praise God for that :)
Third is Tokyo, Japan. Yup, I know that. Lots of people commit suicide every year. It is number 10 in the world, in terms of suicide rates. 2 cities in Japan are in the Top 10 of the Most Expensive Cities (Osaka ranked #6).
Fourth is Hong Kong... yup, expensive city. Stayed there for 3 nights in 2006 and already enough to know that... hahahah...
Fifth is London, UK. Duh... As if nobody know that yet... But when those expats come back to Malaysia, man... they are bloody rich!
Switzerland actually have 2 cities (Geneva & Zurich) in the Top 10, ranked #7 & #9 respectively. But their quality of life is one of the best in the world. That's better. Value for money.
Copenhagen, Denmark is #8 most expensive.
US has 6 cities in the Top 50, with New York City being the most expensive ranked at #10, tied with Oslo, Norway. But US also has the most cities in the Top 50 Quality Living. So that's still ok. Value for money. Following NYC are Los Angeles (#29), San Francisco (#34), Chicago (#38), Miami (#39) and White Plains (#43). White Plains? Never heard of, but after wiki-ing, it's actually an edge city of NYC. NYC has 19 edge cities! Wow... but the most edge cities in the world is LA - a total of 23 edge cities! Phew...
Singapore is ranked #17. Not a surprise.
Malaysia is ranked #114. Also, not a surprise.
But I dunno why Jakarta is at #48. Huh? When I looked at the criteria they used to conduct this survey, I realised that the exchange rate of the country's currency is not the only factor used in this survey, but other factors like monetary value, consumer confidence, investment, interest rates, housing costs, etc. Hmmm... talking about housing costs, I can understand now why Jakarta is #48. I mean, the whole place is so damn packed! It's the 9th most densely populated city in the world. Already got 8.8 million people in 2004. I'm pretty sure the cost of houses there is like crazy! Sheesh... I can't imagine how shopping in the weekends is like over there... confirm HAVOC!
I'm back again with more surveys :)
So guess which cities are in the Top 5?
You'll be surprised at the Most Expensive City in the World for both 2005 and 2006...
It's Moscow, Russia. Unbelievable huh? I would really wonder why would anyone want to go there to work. Bigger money there? Hmmm... But it's not surprising to know that Russia has the second highest suicide rates in the world. But it makes me wonder why Lithuania has the world's highest suicide rates... Hmmm...
Second is Seoul, South Korea. Yup, I know about that. Even Pastor Cho Yonggi's church - Yoido Full Gospel Church has so many billionaires out of their 800,000 over church members! Phew... It is the world's largest church, recognized by the Guinness Book of World Records. I won't be surprised if the whole nation of South Korea embraces Jesus as their Lord and Saviour in 50 years' time, at the rate it is growing. Praise God for that :)
Third is Tokyo, Japan. Yup, I know that. Lots of people commit suicide every year. It is number 10 in the world, in terms of suicide rates. 2 cities in Japan are in the Top 10 of the Most Expensive Cities (Osaka ranked #6).
Fourth is Hong Kong... yup, expensive city. Stayed there for 3 nights in 2006 and already enough to know that... hahahah...
Fifth is London, UK. Duh... As if nobody know that yet... But when those expats come back to Malaysia, man... they are bloody rich!
Switzerland actually have 2 cities (Geneva & Zurich) in the Top 10, ranked #7 & #9 respectively. But their quality of life is one of the best in the world. That's better. Value for money.
Copenhagen, Denmark is #8 most expensive.
US has 6 cities in the Top 50, with New York City being the most expensive ranked at #10, tied with Oslo, Norway. But US also has the most cities in the Top 50 Quality Living. So that's still ok. Value for money. Following NYC are Los Angeles (#29), San Francisco (#34), Chicago (#38), Miami (#39) and White Plains (#43). White Plains? Never heard of, but after wiki-ing, it's actually an edge city of NYC. NYC has 19 edge cities! Wow... but the most edge cities in the world is LA - a total of 23 edge cities! Phew...
Singapore is ranked #17. Not a surprise.
Malaysia is ranked #114. Also, not a surprise.
But I dunno why Jakarta is at #48. Huh? When I looked at the criteria they used to conduct this survey, I realised that the exchange rate of the country's currency is not the only factor used in this survey, but other factors like monetary value, consumer confidence, investment, interest rates, housing costs, etc. Hmmm... talking about housing costs, I can understand now why Jakarta is #48. I mean, the whole place is so damn packed! It's the 9th most densely populated city in the world. Already got 8.8 million people in 2004. I'm pretty sure the cost of houses there is like crazy! Sheesh... I can't imagine how shopping in the weekends is like over there... confirm HAVOC!
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