Paris ties Singapore, Hong Kong as world's priciest cities

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Paris ties Singapore, Hong Kong as world's priciest cities
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Paris ties Singapore, Hong Kong as world's priciest cities. YahooFinance

Paris has climbed to the top of the world's priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey Tuesday that named the capital of strife-torn Venezuela as the cheapest.

Only"alcohol, transport and tobacco" offer value for money compared with other European cities, the survey said. North America was represented by the US cities of New York, seventh, and Los Angeles, tied 10th with Israel's Tel Aviv. The survey is aimed at helping companies calculate compensation packages and allowances for expatriate staff and business travellers.

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