SINGAPORE IS WORLD'S BEST EXPAT DESTINATION FOR THIRD STRAIGHT YEAR_ SURVEY

SINGAPORE IS WORLD'S BEST
EXPAT DESTINATION FOR THIRD
YEAR: SURVEY
STRAIGHT
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league table ranks 46 economies using a score that
The
expats' overall views of that destination, based
summarises
Singapore, nearly three-quarters of expats polled said the
In
offers better earnings potential than their home
city-state
they report a 42 per cent increase in their annual
Indeed,
since the move to an average of almost US$118,000
income
life in Singapore is not cheap, especially for the 40 per
But
of expats surveyed who have families.
cent
nine in 10 expat parents say childcare here is more
Almost
than at home. On balance though, 26 per cent of
expensive
here feel their host city offers an excellent education
expats
compared with only 10 per cent of expats globally.
system
expats have an average gross personal income
Globally,
year of just under US$100,000 - 25 per cent more than
each
did at home. That's US$18,000 lower than the average
they
Singapore.
in
the place that really takes the cake in expat pay is
But
where they earn an average of more than
Switzerland,
a year - 54 per cent more than what they would
US$193,000
at home.
draw
report also found that investing in property is
The
popular among expats in Singapore, Hong Kong,
particularly
United Arab Emirates and Britain, home to some of the
the
expensive property markets in the world.
most
research by Savills for HSBC showed that prime
Separate
property currently costs about US$3,800 per
residential
foot in Hong Kong, US$1,700 psf in London, US$990
square
in Singapore and US$590 in Dubai.
psf
for Singaporean nationals abroad, 70 per cent said their
As
balance has improved since they left home,
work/life
42 per cent of Singaporean expats said their social
Another
is better than it was at home.
life
on 27 survey questions.
country.
(S$160,000).
top five economies by expat income are Switzerland,
The
China, the United States and Hong Kong.
India,
compared with 53 per cent of expats globally.