Asia-Pacific fast rising as choice for expats
Source: Xinhua |
October 9, 2012, Tuesday
|
Print Edition
Print Edition
THE world's wealth-seeking expatriates increasingly favor countries and regions in the Asia-Pacific such as Singapore, Thailand and Hong Kong, a latest survey has found.
The survey on expatriate wealth, based on economic factors such as earning power, disposable income and ability to accumulate luxuries, also sees the Chinese mainland and Vietnam advancing to the top 10 positions, said banking giant HSBC, which commissioned the Expat Explorer Economics survey.
The results of the survey released yesterday showed that 54 percent of the Singapore-based expatriates surveyed earn more than US$200,000 a year, compared with a global average of only 7 percent.
Four in five expatriates in Singapore saw an increase in their disposable income since relocating here. About 44 percent reported an increase of 50 percent or more in their disposable income, compared with the global average of 19 percent.
Expatriates in places such as Hong Kong, Malaysia as well as the Chinese mainland also saw an increase in their disposable income since moving to these places.
The results of the survey was in line with the trend of Asia becoming a leading destination for expatriate earning potential amid the weak global economy, whereas the Middle East has reigned in previous years as the destination of choice for expatriates seeking to increase their wealth.
The survey on expatriate wealth, based on economic factors such as earning power, disposable income and ability to accumulate luxuries, also sees the Chinese mainland and Vietnam advancing to the top 10 positions, said banking giant HSBC, which commissioned the Expat Explorer Economics survey.
The results of the survey released yesterday showed that 54 percent of the Singapore-based expatriates surveyed earn more than US$200,000 a year, compared with a global average of only 7 percent.
Four in five expatriates in Singapore saw an increase in their disposable income since relocating here. About 44 percent reported an increase of 50 percent or more in their disposable income, compared with the global average of 19 percent.
Expatriates in places such as Hong Kong, Malaysia as well as the Chinese mainland also saw an increase in their disposable income since moving to these places.
The results of the survey was in line with the trend of Asia becoming a leading destination for expatriate earning potential amid the weak global economy, whereas the Middle East has reigned in previous years as the destination of choice for expatriates seeking to increase their wealth.
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