Singapore has been named the world’s fourth most desirable place to live and work, according to the latest survey conducted by recruitment firm Hydrogen Group and business school ESCP Europe.
The US remained the most popular destination, followed by Britain and Australia, (despite diminishing dominance), while Hong Kong remained in sixth place.
Singapore’s position reflects the growing number of multinational companies establishing their presence in the country due to clear benefits such as additional jobs for locals and more taxes collected, according to Hydrogen.
“These new industries growing their presence in Asia, with Singapore as their base, is one of the key drivers behind the continuous flow of talent into the country and the range of opportunities is making Singapore a very exciting destination to consider for international tenure,” said Simon Walker, Managing Director of Hydrogen Group in Asia.
“Singapore is cleverly making itself an international player by welcoming a global workforce. The big question is whether Singapore will become Asia’s Silicon Valley or its Switzerland.”
As Singapore becomes a more attractive destination for expats, employers will enjoy a wide selection of the world’s top professional talent, noted Hydrogen.
“Singapore has one of the lowest crime rates in the world, and it offers a clean and healthy environment free from traffic pollution,” said Walker. “So it is not surprising that 88 percent of those who have moved to Singapore feel that their living conditions have improved.”
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