Friday, October 12, 2012

Singapore is ‘expat wealth hotspot’

A survey of over 5,000 expats has found that Singapore is home to the largest proportion of wealthy expats.

As part of its annual ‘Expat Explorer’ survey, HSBC Expat ranked nearly 100 countries on the financial health of foreigners living there, considering such factors as the average expat's salary, disposable income and ability to buy luxuries.

Singapore topped the table, while four other Asian locations – Thailand, China, Hong Kong and Vietnam – also appeared in the top 10.

In Singapore, more than half (54 per cent) of surveyed expats said they earned more than US$200,000 (£125,000) a year, compared with a global survey average of just seven per cent.

 The majority of expats in Asia said they had experienced an increase in disposable income since relocating, particularly in Singapore (80 per cent), Hong Kong (79 per cent) and Malaysia (72 per cent). Full story...

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