Singapore scores top on the Expat Economics league table, ahead of Bermuda and Thailand, ranked 2nd and 3rd respectively.
Singapore is one of the most popular expat destinations and has in recent year's undergone massive growth and development as expats have flocked there to work. Financial incentives and job opportunities are the main reasons for expats moving to Singapore with almost three quarters (74%) witnessing an improvement in the financial status of their household, and 80% noticing an increase in disposable income upon locating to Singapore.
Singapore attracts high flying, career opportunistic expats with 74% willing to consider another posting after their current one; many expats are internationally mobile with 72% having moved there for financial gain and 70% for job opportunities. The proximity to the Asian financial markets and its location on most flight paths to international destinations could help provide an explanation for the desirable nature of the country.
In terms of expat finances, expats living in Singapore are among the most likely (72%) to report their finances have become more complex since relocation.
Singapore scores well as a place to live among expats, with 76% having found that their quality of life had improved upon relocation. On top of this, half (48%) report the level of their accommodation had improved and 57% report having a better commute. Singapore is also very diverse although the majority of expats arrive from other English speaking countries, particularly the UK (43%) and Australia (15%).
The pull of Singapore for expats is apparent. It ranks top of the survey as a wealth hotspot and 1st and 2nd for income and disposable income respectively. Finally Singapore continues to have an allure for other expats as 13% of those in Hong Kong named Singapore as their preferred future expat destination.
"A foreign domestic helper, or maid, is often perceived as compulsory, but this isn't true. A part-time cleaner and a weekly babysitter will cost around the same or more than you would pay a full-time live-in helper, but it will allow you to retain your privacy if you desire." – Expat in Singapore
