The world's most expensive cities are on one continent

By Sean Dowling, Buzz60

In the list of the world's most expensive cities, it's still Singapore and Hong Kong that top the list.

The economist intelligence unit says that Asia actually holds five of the top 10 spots for the world's most expensive cities.

Asia currently makes up 40% of the global economy. And the international monetary fund predicts they will make up two-thirds of the worldwide growth by 2020.

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Europe had four cities in the top 10, while the only New York made the list from the United States, coming in 9th.

But while Asia may have some of the most expensive cities, it also has some of the cheapest.