14 Dec '11, 9am

‘Quality, not cost will drive expats from Singapore’ #Singapore

‘Quality, not cost will drive expats from Singapore’ #Singapore

Despite a 'triple-whammy', expats are not expected to make an exodus out of Singapore. (Photo courtesy of Prop … By Andrew Batt (courtesy of PropertyGuru) Singapore is becoming a less attractive destination for expatriates, if a headline in one of Tuesday's British broadsheet newspapers is anything to go by. Mentioning the "triple whammy" of the foreign property buying tax, the scrapping of the scheme which allowed graduates from overseas universities to stay in Singapore for a year to look for work, and the fact the city state has now overtaken Hong Kong (for the first time in ten years) in a 'most expensive place to stay' report by ECA International, the article suggested expatriates will be shunning the city state. But while Singapore is now the sixth costliest city in Asia (Tokyo tops the list and Hong Kong has dropped to a lowly ninth place); its rise in these reports...

Full article: http://sg.news.yahoo.com/blogs/property-blog/quality-not-...

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