Hong Kong

Hong Kong is named most expensive city for expat accommodation

Hong Kong is the most expensive city in the world for expats to rent an executive apartment, according to new research. Despite rents falling between 2% and 3% last year, Hong Kong still has the costliest rental sector with an unfurnished three bedroom apartment averaging US$11,550 a month, the data from international HR provider ECA International shows.

Hong Kong is followed by Caracas in Venezuela, where a lack of suitable properties and high demand driven by a booming petroleum industry led to rents continuing to rise dramatically. New York, Moscow and Tokyo complete the list of the top five most expensive locations in the world to rent a three bedroom apartment. [click to continue…]

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