In an annual survey released by HSBC on Monday — which was conducted across 100 countries and involved more than 5,000 expatriates — Singapore emerged as the most favored expat destination to make money in and accumulate luxuries.
Foreigners, who make up a sizable portion of Singapore’s 5 million-plus population, earn more than those living in any other part of the world. About 54 percent of Singapore-based expats who took part in the poll earn more than $200,000 annually compared to a global average of only 7 percent according to the Expat Explorer 2012 survey.
The survey, in its fifth year, showed 80 percent of the expats who moved to Singapore saw an increase in their disposable income. Around 44 percent reported an increase of 50 percent or more in their disposable income, compared to the global average of just under a fifth. Full story
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