Singapore has been named one of the best place for expats to live and work for the fourth 12 months in a row in a newly published study
Our neighbors beat New Zealand, Germany, Canada and Switzerland to take the highest spots in HSBC’s annual Expat Explorer rating published on October 10.
According to John Goddard, head of HSBC Expat, “Singapore packs everything a beginner expat could want into one of the world’s smallest territories.”
Of the 22,318 expatriates interviewed by HSBC Expat, including greater than 500 living in Singapore, many mentioned aspects comparable to a greater environment for families and the standard of childcare and education in Singapore being higher than of their home countries.
However, while Singapore performed higher in rankings for family advantages and overall quality of life, expats earn less on average than those working in China, Hong Kong and Switzerland
According to the surveyin Switzerland, which turned out to be the best-paid place, emigrants earned a median of $203,000 a 12 months, twice as much as on this planet. However, Switzerland was only in eighth place as one of the best place to live and work, on account of the high costs of raising children and difficulties in making friends.
On the opposite hand, in Singapore, where the typical annual income is $160,000, expatriate salaries are greater than 30% higher than the worldwide average, in line with the study.
Of the greater than 22,000 expats interviewed, 45% said they moved to Singapore to advance their profession and 38% said they did so to enhance their earnings.
Expatriates working full-time in Singapore said their work-life balance was the identical or worse than at home, and 46% said their stress levels at work were higher than of their home market, in line with an annual survey. by HSBC.
There were also concerns about the price of living, with half of those surveyed saying they may not afford to purchase property in Singapore. More than a 3rd of respondents were also concerned about whether or not they would have the opportunity to avoid wasting enough for retirement.
Meanwhile, Malaysia, which was among the many top 18 countries last 12 months, moved up three places to rank fifteenth within the 2018 survey.
Below is an excerpted version of the total list of Southeast Asian countries:
