Jump to content

Bangkok climbs rankings in most expensive cities survey


snoop1130

Recommended Posts

Bangkok climbs rankings in most expensive cities survey

By The Nation

 

370fdf308c092a27a0b301b412cc59e2.jpeg

 

Eight of the world’s top 10 most expensive cities are located in Asia as a result of the region’s high costs for consumer goods and a dynamic housing market, with Bangkok (40) jumping 12 places, according to Mercer’s 25th annual 2019 Cost of Living Survey, which was released on Wednesday.

 

Hong Kong tops the list as the world’s costliest city for the second consecutive year with the local housing market increasingly out of reach for many. 

 

Other cities appearing in the top 10 are Tokyo (2), Singapore (3), Seoul (4), Zurich (5), Shanghai (6), Ashgabat (7), Beijing (8), New York City (9), and Shenzhen (10). Ashgabat in Turkmenistan saw the biggest rise in rankings, jumping 36 places from 43rd in 2018, the result of the country’s shortage of currency and imported goods driving up prices.

 

Bangkok’s rise in ranking was largely due to the movement of other cities as well as the effects of a buoyant economy, with currency fluctuation and inflation having little impact.

 

Mario Ferraro, Mercer’s Global Mobility Practice Leader for Asia, Middle East and Africa, said Asia continued to be a major engine of global economic growth.

 

“Despite the relatively high cost of living, many organisations still see a strong business rationale for moving talent into and within the region. At the same time, cost considerations are still an issue, and we are seeing an increased focus on having a clear business case for the assignment, as well as measuring the return on investment,” he said.

 

This year’s ranking includes 209 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods and entertainment.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30371791

 

thenation_logo.jpg

-- © Copyright The Nation 2019-06-26
Link to comment
Share on other sites

2 hours ago, shady86 said:

Blame the strong baht! I don't see imported food stuffs getting cheaper and the importers would be laughing with more profits.

If you have been paying attention a "strong baht" is the result of the currencies of developed countries (except USD) tanking not the baht strengthening. The blame is there not here.   

Link to comment
Share on other sites

5 hours ago, snoop1130 said:

bangkok’s rise in ranking was largely due to the movement of other cities as well as the effects of a buoyant economy, with currency fluctuation and inflation having little impact.

wow. The bashers wont like that 

Link to comment
Share on other sites

7 hours ago, JeezeLooeze said:

If you have been paying attention a "strong baht" is the result of the currencies of developed countries (except USD) tanking not the baht strengthening. The blame is there not here.   

It's the strongest currency in Asia. Up against everything, including the USD and regional currencies. 

Link to comment
Share on other sites

The humble Thai use to be able to rely on Bangkok for two things:  a job and low cost of living.   If that is no long the case, it only points to inept government that has failed the people.

 

Also, it depends on how you live.  In Shenzhen, you can still eat a decent or good meal for under B100.   These surveys seem to focus on high end housing and imported food.   We use to rent two story homes on Soi 71 for around B12k a month.

Link to comment
Share on other sites

Posts and replies in violation of the following have been removed:

 

17) You will not discuss the specifics of prostitution. Though Thailand has a visible sex industry, and acknowledgement of that fact is not forbidden, ThaiVisa is not the place to seek or give information on this topic, regardless of your sexual habits, preferences or orientation.
 

Link to comment
Share on other sites

10 hours ago, madmen said:

wow. The bashers wont like that 

Try convincing Thai exporters of Thailand's buoyant economy.

A contraction in exports is being predicted, some say in part to the high baht value.

Now even TAT is complaining of lower foreign tourists.

Link to comment
Share on other sites

My highest recurring expense in Bangkok is my condo, but I observed that rental prices are starting to go down (slowly) and I have hopes it will continue with all those new projects emptying the older ones.

Internet, phone data plan, taxis, public transport, food, cinema, travel, hotels, everything that's not imported is less expensive than in my country. I also don't need a car in Bangkok, which helps a lot with expenses. I would be spending more living the same way in a medium city in my home country, except I wouldn't have a swimming pool in my appartment's building.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...