S’pore best place for ex­pats to live, work: Poll

The New Paper - - NEWS -

Sin­ga­pore emerged for the fourth year in a row as the best place for ex­pa­tri­ates to live and work, com­ing ahead of coun­tries such as New Zealand, Ger­many and Canada in an an­nual sur­vey con­ducted by HSBC.

But the high­est ex­pat salaries are found in Switzer­land, the US and Hong Kong – ac­cord­ing to HSBC’s lat­est an­nual Ex­pat Ex­plorer sur­vey which polled 22,318 ex­pats, in­clud­ing over 500 liv­ing in Sin­ga­pore.

Ex­pats here earned on aver­age US$162,000 (S$223,000), US$56,000 more than the global aver­age – plac­ing Sin­ga­pore fourth for ex­pat salaries.

Switzer­land was again top for ex­pat pay, its aver­age of US$202,900 was twice the global aver­age. But as the best place to live and work, Switzer­land ranked eighth be­cause of the high cost of rais­ing chil­dren and dif­fi­culty in mak­ing friends.

In the sur­vey’s three main cat­e­gories, Sin­ga­pore ranked third for “eco­nom­ics”, fifth for “fam­i­lies” and sixth for “ex­pe­ri­ence”.

Some 45 per cent sur­veyed in Sin­ga­pore moved here for their ca­reers, higher than the global aver­age of 35 per cent, while 38 per cent did so for earn­ings (global aver­age is 24 per cent).

The poll also found that 59 per cent who moved to Sin­ga­pore said do­ing so en­abled them to be­gin sav­ing for re­tire­ment ver­sus the global aver­age of 37 per cent, while al­most half (45 per cent) could save enough to buy a prop­erty (global aver­age is 33 per cent).

Half of the ex­pats in Sin­ga­pore said they could not af­ford to buy prop­erty here.

When it comes to their per­sonal lives, just un­der half (45 per cent) of ex­pats sur­veyed in Sin­ga­pore said they found a long-term part­ner here.

As for fam­ily ben­e­fits, 60 per cent of ex­pat par­ents in Sin­ga­pore, against a global aver­age of 45 per cent, found their chil­dren’s health and well-be­ing to be bet­ter here than at home.

– ANN WIL­LIAMS

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