Although known as one of the most expensive cities in the world, Singapore was recently
confirmed as the most popular place for expats to live and work. More often than not, people
choose to move abroad for business reasons, but it would seem that Singapore offers more
than just better business prospects. Fast-paced, busy and advancing at a rapid rate, here are
the three top reasons why expats are putting Singapore at the top of their list.
According to a survey recently conducted by HSBC Expat Explorer, 59% of expats believe
Singapore is a great place for career advancements, with a large number stating they are far
more able to acquire new skills in Singapore than at home. The economy in Singapore is
understood to be incredibly stable, which makes it appealing to entrepreneurs seeking to start
up new businesses, and its regulatory environment also allows entrepreneurs to start their new
business in just a few days.
More often than not, people choose to move abroad for the appeal of salaries on offer, which is
why despite the eye-watering cost of living in Singapore, expats are heading there. A survey
found that more than a quarter of expats living in Singapore are earning more than $200,000
dollars per year, compared to just 13% of expats globally. Who cares about the fact that
transport costs three times that of New York when you’re earning so well?!
Quality of Life
What about those expats who haven’t experienced an immediate increase in salary who move
to Singapore? Well, it would seem that the quality of life is altogether better in Singapore. With
the economy stable and business booming, finances and healthcare easy enough to set up,
there’s no reason not to enjoy a simple life in Singapore. Many expats have even commented
on the fact that their social life is just as active, if not more so, than at home, with over half
agreeing that it was easy to adapt to the local culture and lifestyle.
Moving abroad is never an easy decision to make, which is why it is worth taking the time to
make sure you’ve covered all the bases. Browse our blog today for a wealth of information on
relocating, or get in touch to discuss how we can help to make your move as easy as possible.