SINGAPORE: Singapore has moved up two spots to become the fourth most desirable place in the world to live and work, according to a survey by recruitment firm Hydrogen and business school ESCP Europe.
This is because Singapore has become an increasingly popular destination for multinational corporations over the past few years, said Hydrogen.
"We have seen
companies from sectors as diverse as technology, energy, pharmaceutical
and wealth management open offices here. The big question here is
whether Singapore will become Asia's Silicon Valley or its Switzerland,"
said Simon Walker, Hydrogen's Asia MD.
While the three most
popular places for survey respondents to live and work remain the US,
the UK and Australia, their dominance is waning.
The report showed that 12 per cent picked the US as the top relocation destination, down from 18 per cent last year.
The UK and Australia each got 9 per cent of the votes, down from 10 per cent and 11 per cent respectively.
As
Singapore becomes an increasingly attractive relocation destination for
expatriates, Hydrogen said employers in the city state are finding that
they have the pick of the world's top professional talent.
Mr
Walker said: "Singapore has one of the lowest crime rates in the world,
and it offers a clean and healthy environment free from traffic
pollution.
"So it is not surprising that 88 per cent of those who have moved to Singapore feel that their living conditions have improved."
The
report - which interviewed 2,353 people globally - also showed that the
workforce was getting more internationalised. For example, 72 per cent
of respondents said their employers see international experience as
important or very important, up from 63 per cent in 2011.
- CNA/al
See the big key word here, if ask the Lesser Mortals here, then the statement might be this “So it is not surprising that 88 per cent of the local in Singapore feel that their living conditions have degraded.”
If you feel your conditions have degraded likely you are subsidising the rich and reaping less of the benefits like the latter .