Daily Management Review

Expats’ Top Place to Live is Singapore – Beating New Zealand


09/25/2016




Expats’ Top Place to Live is Singapore – Beating New Zealand
Singapore has done it again.
 
In a survey of expat destinations for the second year running, the city-state beat New Zealand to rank first. According to the latest and ninth edition of HSBC Holdings Plc’s annual Expat Explorer report, Singapore is the best place to live, work and raise a family abroad among nearly 27,000 expats in 190 economies.
 
Economics -- the category covering earnings and career prospects is what that dragged down New Zealand’s ranking even as it came close to Singapore in most areas. Clocking far behind Singapore’s eighth place under this metric, New Zealand was rated 41st for personal finances in the survey.
 
With Australia, Hong Kong, Taiwan, Vietnam and Japan rounding up the top 20, no other Asia-Pacific economy made it to the top 10 overall ranking of expat destinations. The U.S. placed 30th overall.
 
Expats in Singapore earn 43 percent more than the global average at an average of about $139,000 annually. At $170,000, expats in Hong Kong are paid even more. With annual incomes averaging $188,000, Switzerland is the top country for personal finances. Compared with almost one-third in Shanghai, Zurich, where more than two in five earn over $200,000, is the place where the highest-paid expats live. Compared with 52 percent in the Asia-Pacific region, with almost three-quarters saying they feel confident, expats in Singapore are the most assured about the economy of their adopted country.  with almost three-quarters saying they feel confident, compared with 52 percent in the Asia-Pacific region.
 
Singapore was beaten by New Zealand in quality of life for expats in overall experience. Singapore came in at fourth place while New Zealand tops the category which includes quality of life and ease of social integration.

Beating the global average of 52 percent, almost three-quarters of expats in New Zealand say they’ve achieved the goal of improving their quality of life. Japan is considered to be the world’s safest country by expats followed by Singapore and South Korea. Compared with 52 percent globally, more than eight in 10 expats living in Singapore feel safer than back home.
 
The fact that Singapore is a good place to advance their careers is agreed to by more than six in 10 expats working in Singapore. It ranks second behind Hong Kong. The only two other Asian countries within the top 10 are China, in seventh place, and India, in ninth. New Zealand is in 18th place.
 
Singapore is a good place to start a business, beating the global average of 38 percent, is felt by about 58 percent of expats in Singapore. Executives looking to boost their careers are attracted to London and New York. Surpassing the 46 percent globally, working there will improve their job prospects when they return home is believed by more than 70 percent of expats in both cities.
 
Taking the top spot in the overall family category including school and childcare quality and cost of bringing up kids, Sweden remains the best place in the world for families abroad. New Zealand in fourth and Singapore is in third place. The Asia-Pacific entries in the top 20 are rounded up by Taiwan, Thailand, Hong Kong and Australia.
 
(Surce:www.bloomberg.com) 






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