Cambodia Condemns Thai Military Attack on Preah Vihear Temple | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory | Cambodia and Thailand Clashes Enter Third Day as Casualties Rise to 33 | UN Security Council Urges Restraint as Thailand-Cambodia Clashes Intensify | Cambodia Condemns Thai Aggression at UN, Calls for Ceasefire and International Intervention | Techo Hun Sen Advises Military Strategy Amidst Border Clashes with Thailand | 45 Staff Rescued After Being Trapped at Preah Vihear Temple Amidst Clashes | BREAKING: Cambodia Denies Firing Projectiles into Laos, Accuses Thailand of Disinformation | Cambodia's Tourism Ministry Seeks Aid for Troops, Refugees; Reaffirms Commitment to Peace | BREAKING: Laos Denies Border Clash with Cambodia; Cambodia Rejects Thai Accusations of Shelling Laos | BREAKING NEWS: Andrew MacGregor Marshall Claims Queen Mother Sirikit Has Died, Alleging Concealment by Thai Authorities | TOP NEWS: Trump Claims Diplomatic Role in Cambodia-Thailand Border Conflict, Calls for Ceasefire | TOP NEWS: Cambodian Prime Minister Confirms President Donald Trump Ceasefire Agreement with Thailand | Thai Military of Escalating Attacks, Despite Cambodia Ceasefire Efforts | BREAKING NEWS: Cambodia and Thailand Agree to Malaysian Mediation Amid Escalating Border Clashes | Ministry of Education Announces Postponement of 2025 Baccalaureate Examination | Cambodian Community in Korea Holds Mass Protest Against Thailand’s Invasion | Techo Hun Sen: “In Times of National Crisis, We Have No Right to Rest or Fall Ill” | UN Secretary-General and Cambodian Officials Call for Immediate Ceasefire Amid Border Clashes | Lieutenant General Duong Samnieng Dies Fighting Thai Invaders at Preah Vihear |
Cambodia Condemns Thai Military Attack on Preah Vihear Temple | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory | Cambodia and Thailand Clashes Enter Third Day as Casualties Rise to 33 | UN Security Council Urges Restraint as Thailand-Cambodia Clashes Intensify | Cambodia Condemns Thai Aggression at UN, Calls for Ceasefire and International Intervention | Techo Hun Sen Advises Military Strategy Amidst Border Clashes with Thailand | 45 Staff Rescued After Being Trapped at Preah Vihear Temple Amidst Clashes | BREAKING: Cambodia Denies Firing Projectiles into Laos, Accuses Thailand of Disinformation | Cambodia's Tourism Ministry Seeks Aid for Troops, Refugees; Reaffirms Commitment to Peace | BREAKING: Laos Denies Border Clash with Cambodia; Cambodia Rejects Thai Accusations of Shelling Laos | BREAKING NEWS: Andrew MacGregor Marshall Claims Queen Mother Sirikit Has Died, Alleging Concealment by Thai Authorities | TOP NEWS: Trump Claims Diplomatic Role in Cambodia-Thailand Border Conflict, Calls for Ceasefire | TOP NEWS: Cambodian Prime Minister Confirms President Donald Trump Ceasefire Agreement with Thailand | Thai Military of Escalating Attacks, Despite Cambodia Ceasefire Efforts | BREAKING NEWS: Cambodia and Thailand Agree to Malaysian Mediation Amid Escalating Border Clashes | Ministry of Education Announces Postponement of 2025 Baccalaureate Examination | Cambodian Community in Korea Holds Mass Protest Against Thailand’s Invasion | Techo Hun Sen: “In Times of National Crisis, We Have No Right to Rest or Fall Ill” | UN Secretary-General and Cambodian Officials Call for Immediate Ceasefire Amid Border Clashes | Lieutenant General Duong Samnieng Dies Fighting Thai Invaders at Preah Vihear |

Phnom Penh Ranked Second Most Expensive City in Southeast Asia According to Latest Mercer Survey

Phnom Penh, June 24, 2024: In a recent revelation by Mercer's 2024 Cost of Living Survey, Phnom Penh, the capital of Cambodia, has emerged as the second most expensive city in Southeast Asia, trailing only behind the consistently high-ranking Singapore. This marks a significant shift in the cost of living dynamics within the region, reflecting both the rising standards of living and the economic progression in Cambodia.

Phnom Penh, traditionally seen as a more affordable destination in Southeast Asia, has climbed the ranks to position 123 globally in cost of living for expatriates. This substantial rise is indicative of the rapid urban development and economic growth the city has experienced in recent years. Factors contributing to this surge include increased prices in housing, consumer goods, and an expanding expatriate community demanding more Western amenities and lifestyle options.

The Mercer survey, which evaluates multiple factors such as housing costs, transportation, food, and entertainment, serves as a critical tool for multinational companies and governments to assess the cost of maintaining an expatriate lifestyle in various global locations. Singapore continues to hold the top spot in Southeast Asia and is ranked second worldwide, reflecting its high standard of living and the cost associated with it.

Other cities in Southeast Asia show a diverse range of rankings with Bangkok and Manila following closely at ranks 129 and 131 respectively, showcasing the varied economic landscapes across the region. The list extends to include Jakarta, Hanoi, and Ho Chi Minh City, further illustrating the economic spectrum within ASEAN nations.

This ranking shift for Phnom Penh might influence future expatriate decisions and could reshape investment strategies in Cambodia. With its growing economy and increasing foreign direct investment, Cambodia’s capital is fast transforming into a hub that could rival more established Asian cities in terms of both business and living standards.

As the city adapts to this new economic reality, it will be crucial for local authorities and businesses to balance development and cost of living to maintain its appeal among locals and expatriates alike. The rise in ranking is not only a testament to Phnom Penh’s growth but also a call to ensure that this growth is sustainable and inclusive for all residents.



Related News