Shanghai accomodation more expensive than Paris

Well, at least one membership organization for international human resources thinks so. Here's how the top 10 shakes out:

1. Hong Kong
2. Tokyo
3. New York
4. Moscow
5. Seoul
6. London
7. Mumbai
8. Shanghai
9. Caracas
10. Paris

We're not really sure what parameters were used to come up with this list, but here's a little more info from the story we read:

"High rentals in Tokyo, New York, Seoul, Moscow, London and Paris largely reflect high living costs in these locations, while Mumbai, Shanghai and Beijing suffer from a shortage of modern and well equipped properties, pushing prices up for those properties that do," ECA International Hong Kong General Manager Lee Quane said.

However, Caracas, capital of Venezuela, makes to the list of top 10 expensive cities for renting a three bedroom apartment as people have to spend huge amounts on security, Quane said. ...

Though five of the top 10 expensive locations are in Asia, the list of world's cheapest locations to rent a three bedroom apartment does not include any Asian city.

Hmmmm. Maybe it depends on how you define "modern and well equipped."

Image from Shanghai Racquet Club.