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Living Large in Asia; Hong Kong and Singapore find the price of success may be just too high.
Byline: George Wehrfritz and Sonia Kolesnikov-Jessop
Well-heeled expatriates in Asia's financial capitals generally have life pretty easy. But this summer, those in Hong Kong and Singapore are starting to sweat. The problem? Sizzling real-estate markets that make even bankers blink, and international schools packed like the Tokyo subway at rush hour. One-bedroom flats in Hong Kong's toniest buildings now go for $5,000 per month. Office rents in Singapore have shot up 105 percent in the past year--the fastest appreciation rate in the world. For workers with kids, the picture is particularly bleak. Incoming students at international schools now land not in classes ...
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