Hong Kong most expensive city for expatriates

Hong Kong has overtaken Angola's capital to become the costliest city in the world for expats, Mercer's annual survey said yesterday.

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.

A strong yen propelled Tokyo six places higher to become the world's fifth-most expensive expat destination, behind Zurich and Singapore in third and fourth place respectively.