London: The World's Most Expensive City to Live and Work

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11/01/2017 15:07 WIB

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The World's Most Expensive Cities for Office and Residential Rent in 2016

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The World's Most Expensive Cities for Office and Residential Rent in 2016

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London is the world's most expensive city to live and work in. According to a survey by high-end property agency Savills, the average London worker spends US$112,800, or approximately Rp 1.5 billion, annually on office and residential rent.

Hong Kong is the most expensive city in Asia for office and residential rental costs. A worker needs approximately US$103,200, or nearly Rp 1.4 billion, to rent office and residential space for a year. In Southeast Asia, Singapore is the most expensive.

Savills conducted this survey to illustrate how much companies budget per employee for office and residential costs in major global cities. For the 20 most expensive cities, the average total cost of office and housing per worker reached US$56,855, or approximately Rp 756 million. This figure excludes food and other living expenses.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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London: The World's Most Expensive City to Live and Work

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