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Singapore - home to well-paid expats

By: Lisa Cheong, Singapore
Published: Jul 25, 2008

Singapore - Nearly half (41%) of expatriates in Singapore earn more than £100,000 (S$270,096) per year, putting the number of top-paid expatriates slightly behind Hong Kong and India.

After surveying 2,155 expatriates, HSBC bank found Hong Kong expatriates to have the highest expat salaries in the world, with 49% earning more than S$270,096 per annum. This is followed by India at 42%. Furthermore, Indian expatriates say the low cost of living in India has enabled 82% of them to save more than they could in their home country.

However, even though 74% of expats in Singapore say their quality of accommodation has improved compared to their home country,  64% identify Singapore as an expensive location. 

Compared to their home country, expats say they spend more money on food (52%), shopping (49%) and socialising (45%).

Companies featured:

  • HSBC

Friday, 9 January 2009, 04:47 AM


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