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The Most Expensive City in Asia

Updated on February 15, 2019
The top 10 richest cities in the world! Find the richest city ranked first
The top 10 richest cities in the world! Find the richest city ranked first | Source

For years, Japan was nicknamed "Honor" as the country with the most expensive cities in Asia. However, thanks to the decline in the exchange rate of the US dollar and rising Asian currencies, Tokyo is no longer the most expensive city in Asia.

According to ECA international, a consulting firm in London, Seoul has captured the "crown" of the most expensive city of Tokyo in the last 3 years. That happened because the appreciation of the won's value had risen 13% against the US dollar in the past 4 years. "The cost of living in the capital of South Korea is almost 10% more expensive than Tokyo," said Lee Quane, ECA General Manager for Hong Kong.

But travelers who want to save money don't need to rush to brush up on their Japanese language skills. Tokyo, Yokohama and Kobe are only narrowly defeated from Seoul in the list of expensive cities. Meanwhile, other Asian cities have also begun to pursue, for example Beijing and Shanghai. Both began to rise in rank quickly when the Chinese government finally allowed its currency, Yuan, to be pegged to the US dollar. Singapore is also increasingly expensive. Then, what's the good news? Bangalore, India's center of employment is No. 19 in the ECA list. And, for the cheapest place? Ulaanbaatar, the capital of Mongolia was the place.

Here are some of the most expensive cities in the BusinessWeek tabloid version:


1. Seoul

Of the 20 cities surveyed by ECA, the capital of South Korea is the most expensive in Asia. Maybe this city will remain the most expensive for the next few years. With the export boom and rising inflationary pressures, the Bank of Korea has made interest rates reach the highest level in the past 6 years. This makes the appreciation of the won even higher.

The price of a movie ticket: $ 8.67

The price of a simple lunch: $ 18.09

Washing machine price: $ 1096.82

Price of 1 kg of rice: $ 5.07

Price of a can of soft drink: $ 1.07


2. Tokyo

Not surprisingly, foreigners in Tokyo are often shocked when they see the price tag of goods. A ticket to watch a movie can reach $ 15. What if you want to eat Domino’s Pizza with sausages and mushrooms? You have to pay $ 25.

The price of a movie ticket: $ 14.59

The price of a simple lunch: $ 12.62

Washing machine price: $ 839.92

Price of 1 kg of rice: $ 6.10

The price of a can of soft drink: $ 1.35


3. Yokohama

As a port city close to the capital of Japan, Yokohama for Tokyo is like Newark for New York or Oakland for San Francisco. Although it is very glamorous compared to Tokyo, Yokohama is still the third most expensive city in Asia. In fact, with the Japanese yen rising 3.5% against the US dollar, fixed prices do not become more affordable.

The price of a movie ticket: $ 14.80

The price of lunch is simple: $ 12.5

Washing machine price: $ 771.80

Price of 1 kg of rice: $ 5.36

The price of a can of soft drink: $ 1.42


4. Kobe

Cities in Kansai, or the western part of Japan are famous throughout the world because of the famous (and also the most expensive) Kobe meat. The worst earthquake in Japan in decades had damaged Kobe in 1995. The earthquake measuring 7.3 on the Richter scale destroyed buildings in the port city.

The price of a movie ticket: $ 15.01

The price of a simple lunch: $ 11.26

Washing machine price: $ 665.31

Price of 1 kg of rice: $ 5.05

The price of a can of soft drink: $ 0.83


5. Hongkong

Apart from high food prices, expatriates in Hong Kong are also confused with the most terrible rental prices in the world. However, the waiting list in international schools is still quite long. One of them is because many companies send employees who still have small children to the city. Multinational companies compete hard to find office space in skyscrapers such as the new IFC tower in Central.

The price of a movie ticket: $ 8.64

The price of a simple lunch: $ 12.43

Washing machine price: $ 531.48

Price of 1 kg of rice: $ 1.70

The price of a can of soft drink: $ 0.83


6. Taipei

For decades, the Taiwanese government did not pay much attention to its seedy capital, which should only have been a temporary home for the Nationalists before conquering Mainland China. Now, in Taipei there are a number of the most luxurious entertainment districts in Asia as well as the tallest building in the world, the Taipei 101 Tower (one o one).

The price of a movie ticket: $ 8.35

The price of a simple lunch: $ 9.65

Washing machine price: $ 852.91

Price of 1 kg of rice: $ 2.34

Price of a can of soft drink: $ 0.81


7. Beijing

China's currency which rose 7% over the US dollar in the past four years has made Beijing and other Chinese cities more expensive for US people. With the 2008 Olympics, Beijing has carried out a major renovation. In fact, the old buildings in the city center near Tiananmen Square did not escape the brunt of the bulldozer.

The price of a movie ticket: $ 8.39

The price of a simple lunch: $ 14.78

Washing machine price: $ 627.81

Price of 1 kg of rice: $ 2.38

The price of a can of soft drink: $ 0.67


8. Shanghai

Appreciation of the yuan makes living costs more expensive for expatriates in the Chinese commercial center. More than 150 multinational companies have established regional headquarters in districts such as Pudong. This has an impact on the increasing cost of housing. The city claims to have the most expensive bars and restaurants in the country.

The price of a movie ticket: $ 9.06

The price of a simple lunch: $ 13.48

Washing machine prices: $ 564.28

Price of 1 kg of rice: $ 2.08

The price of a can of soft drink: $ 0.6


9. Singapura

The recent increase in sales tax (to 7% from the previous 5%) will make the city state more expensive for expatriates. But Singapore is still not as expensive as its main rival, Hong Kong. The State Government intends to erase the image of Singapore as a boring place. The unique Esplanade cultural arts complex that opened in 2002 was instrumental in the plan.

The price of a movie ticket: $ 5.78

The price of a simple lunch: $ 11.44

Washing machine price: $ 427.13

Price of 1 kg of rice: $ 1.61

Price of a can of soft drink: $ 0.81


10. Jakarta

A decade after the financial crisis hit Asia, the Indonesian economy grew thanks to rising local demand, as car sales increased 32% in the first half of this year. However, inflation is a stumbling block. The price of goods rose more than 6% in the same period compared to the previous year. In the Asian region, the Indonesian currency has the worst performance. In 2007 the value of the rupiah fell by 3.4%.

The price of a movie ticket: $ 6.29

The price of lunch is simple: $ 11.57

Washing machine price: $ 661.76

Price of 1 kg of rice: $ 2.30

The price of a can of soft drink: $ 0.91

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