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Singapore is rich expats' top place to live and work: Survey

Published on Oct 9, 2012 6:00 AM
 
Singapore has emerged as the top place for wealthy expatriates to live and work in, a new survey by HSBC Bank has shown. -- ST PHOTO: ALPHONSUS CHERN

Singapore has emerged as the top place for wealthy expatriates to live and work in, a new survey by HSBC Bank has shown.

Expats in the survey ranked Singapore first out of 30 countries based on economic factors such as earning power, disposable income and ability to accumulate luxuries.

Thailand was in the second spot, followed by Cayman Islands in third place. About 44 per cent of respondents said they saw a 50 per cent or more increase in their disposable income after they relocated to Singapore, the report said.

The report, which surveyed more than 5,000 expats in 100 countries, also said that 54 per cent of expats here earned more than US$200,000 (S$246,000) a year. They also ranked Singapore highly for its quality of life, placing the Republic fourth overall, especially for its safe environment in which to bring up children.

 
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