Chinese financial capital Shanghai is now the most expensive city for expatriates in Asia, according to a new ranking, eclipsing Seoul, which held the title last year.
The city climbed two spots from third place in December, ECA International's bi-annual Cost of Living survey showed. The survey is published in June and December.
Beijing ranked second, followed by Seoul, Hong Kong and Guangzhou in third, fourth and fifth place respectively.
"Some may be surprised to see Chinese cities feature so high up the ranking," said Lee Quane, Asia regional director at human resources consultancy ECA International.
"It is of course possible to buy many items cheaply in China. However, when comparing cost of living for the purposes of expatriate packages, as we do, we look at internationally recognized quality brands wherever possible in order to make like-for-like comparisons," Quane said.