Forget Hong Kong, previously Asia's (outside Japan) costliest place.
Today, Singapore has officially overtook Hong Kong to be the region's costliest place to live. Tokyo remains the most expensive in the whole Asia, while Luanda in Angola - remains as the world's most expensive city. Other very costly places to stay in includes Osaka - which is ranked 6th in the world.
Singapore.
Sydney is becoming more expensive too, together with Melbourne. Both cities jumped many places to 14th and 21st respectively, while older cities such as London and New York dropped a bit.