10/28/2014 3:53:41 PM
|written By : Team India Se|
For expats looking for an improved quality of life and greater economic opportunities, Singapore is the place to go.
According to the latest HSBC Expat Explorer report, this country leads the charts in Asia and is second in the world after Switzerland. Other top countries include China, Germany and Baharin.
The country performed solidly in all areas accounting for quality of life, consistently in line with global averages for expats having high quality accommodation (44 per cent compared with 40 per cent globally), an active social life (31 per cent compared with 28 per cent globally) and good access to healthcare (48 per cent compared with 38 per cent globally).
Most expats enjoy the diverse range of food available commenting on its multicultural influences and the central role it plays in the Singaporean lifestyle. The majority of expats moved to Singapore for better job prospects (60 per cent) and given that 78 per cent of expats are in full-time employment (compared with the global average of 58 per cent), they’ve made a safe choice, the report said.
However, life in Singapore is expensive. More than three-quarters of expats pay more for their accommodation than they did at home (77 per cent), significantly higher than the global average of 52 per cent. Most also spend more on going out (67 per cent), groceries (63 per cent), healthcare (58 per cent) and utilities (53 per cent) than before they moved to the country.
A considerable majority felt that living in Singapore means their children have a better quality of life (71 per cent) and even more, that it is a safe place to raise a child (86 per cent).