While it's to no surprise that an Asian city has topped the cost of living survey this year, there's also a significant rise in many Asian cities becoming increasingly expensive to live in, mostly from Japan and China. Australian cities continues to rank high as well, with six cities dominating the top 30.
We check out five most luxurious cities to live in Asia this year, starting with the most expensive city in the world -- Tokyo.
It has since been a little over a year after the March 11 Japan earthquake. And while Japan continues to recover from the losses, Tokyo (as well as many major cities in the country) continues to reign as the most luxurious city to live in Asia, and in the world, this 2012.
Places to visit: Ginza, Tokyo's most upmarket shopping district, and the newly opened Tokyo Skytree, the tallest building in Japan and the second tallest structure in the world (at time of completion). The Tokyo Skytree provides two observation decks at 350 and 450 metres respectively, for a 360-degree view of Tokyo. Book your tickets in advance starting July 11 2012.
Where to stay: The Peninsula Tokyo Ginza
Additional readings: The Travel Diary: Things to do in Tokyo
Check out the next city, Singapore, as this tiny red dot rises up to become the sixth most expensive city to live in the world.