Singapore is now the fifth most expensive location in the world for expatriates, driven by rising accommodation costs
As Hong Kong expects to receive the highest number of business travellers since 2019 it remains the most expensive location in the region for business travel.
Singapore rose four places from last year to become the 8th most expensive location in the world for expatriates, driven primarily by surging accommodation costs.
The ringgit's weakness against the US dollar has offset the impact of inflation in Kuala Lumpur, causing it to drop in the global rankings.
Hong Kong is the second most expensive location in the world for expatriates
Hong Kong loses number one status in spite of high levels of inflation
Following a four-year reign, Hong Kong (2nd) loses the top spot to New York
Average annual cost of sending an expat to the UK is now £351 992, up by 11% on last year.
Hong Kong rose three places to fifth position in rankings.
Singapore rose six places to 16 th position in global rankings of locations with the highest expatriate packages