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The average real salary increase in Singapore is forecasted to be 3.0% in 2020, down from 3.3% in 2019.
Europe now accounts for less than a fifth of the world's top 100 most expensive cities due to the weakened euro.
Singapore has moved up the ranks to become the 12th most expensive location in the world for expatriates, up from 20th place last year.
Hong Kong is now the fourth most expensive location in the world for expatriates, climbing from 11th last year.
The average pay package for an expatriate in the UK has risen by over GBP 40 000.
The overall cost of sending a mid-level expat to Hong Kong would now cost a company an average of USD 276 417.
The average expatriate pay package rises in Singapore, including an average salary increase of USD 4,874.
Central London joint sixth most expensive business travel location in Europe.
Hong Kong is the most expensive location in Asia for business travel, with the typical business trip costing USD 515 per day.
Singapore is the fourth most expensive location in Asia for business travel.