SINGAPORE: Foreigners working in Singapore are earning more than those living in any other part of the world, claimed a new study by HSBC Bank this week, with more than half (54 percent) of Singapore-based expatriates having an annual income of above $200,000. According to the Expat Explorer 2012 Survey, almost three-quarters (74 percent) of expats who moved to Singapore witnessed an improvement in the financial status of their household upon relocation, while four out of five Singapore-based expats saw an increase in their disposable income. 44 percent of respondents also said that their disposable incomes had increased by at least 50 percent – compared to the global average of just 19 percent. The study – which was conducted across 100 countries and involved more than 5,000 respondents – ranked Singapore as the 4th most desirable place in the world to live among expatriates, owing to the nation's high standards of living and financial incentives. 76 percent of respondents found their quality of life to have improved upon relocation, with 91 percent of respondents also claiming that the country was safer for their children then their nation-of-origin.
