No surprise that more and more HongKongers are migrating to Taiwan, it has been named the world’s best place to live for expatriates in the latest InterNations Expat Insider Survey and on the contrast the Asia’s world city is as a dismal 44th place.
“Taiwan holds first place in the quality of life and personal finance indexes, impressing with the quality and affordability of its health care and the enviable financial situation of expats living there,” the InterNations said.
Hong Kong which is home to the world’s longest working hours and most expensive rent was ranked 44 out of the 67 places that were in the survey free-fall from 26th last year and 10th the year before that.
Singapore ranks 13th and Malaysia is 6 spots ahead of Hong Kong at 38. More than 14,000 people took part in the 2016 survey.
With no surprise cost of living is the number one concern for expats. The month rent for a tiny one-bed room apartment is well over HK$10,000 and the charges of two bedroom apartment is close to HK$30,000, putting immerse pressure on companies who are trying to back on expat housing allowances.
72% of the surveyed think the living expenses of Hong Kong is high, up by 11% from last year, only 57% said they are satisfied with their financial status during their stay in Hong Kong, a drop of 11% from last year. Fitting in with the society is another major concern, 61% said it is hard to make new friends in Hong Kong.
The survey was conducted for the third consecutive year by the Munich- based InterNations, which claims to have the world’s largest network of expatriates with a total of 2.3 million members – including 30,000 in Hong Kong.
Here is the full ranking.