SINGAPORE – Topped HSBC’s Expat Explorer Report As Best Destination

For the third year in a row, Singapore has been rated by expats as the best country in the world to live and work – ahead of Norway and New Zealand at the 2nd & 3rd places respectively.

Based on the survey, confidence in the political stability (83%) and local economy (73%), a great quality of life (64% say it is better than at home) and a positive experience for families are among the reasons why Singapore has topped the Expat Explorer league table again.

73% of expats say the country offers better earning prospects than their home country and two-thirds (65%) enjoy more disposable income. Expats moving to Singapore report an average 42% increase in their annual income compared to home.

Not only is Singapore a land of economic opportunity, it is also a top destination to raise a family. Four in five expats (82%) feel safer there than at home and 72% of expat parents rate the quality of education and the health and well-being of their children better than in their home country.

But expat life in Singapore can come at a price. Expats are less likely to see an improvement in their work/life balance than those in other destinations (47% compared to 53% globally). More than four in five expat parents (84%) find that the cost of raising children in Singapore is more expensive than at home.

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