Singapore — Singapore lost its top spot it held for two years, dropping to third place in an annual global survey of expatriates on the most desirable countries to work and live in.
In the HSBC survey this year, Singapore ranked behind China and Germany.
The main concerns respondents had with Singapore were job market security, integration with locals, and the rising cost of living.
A total of 228 expats in Singapore were polled, and more than half cited job security as one of the top three threats to their financial well-being and confidence, said reports.
In the sixth year of the Expat Explorer report, 7,004 expats in nearly 100 countries were polled from April to June on four criteria – economics, experience, raising children abroad, and expenses.
Singapore has in recent years been tightening its foreign labor policies. Employers will be required from August next year to advertise job vacancies to Singaporeans for 14 days before they can turn to foreign workers.
Singapore also faired poorly in the survey when it came to expats being able to integrate into the local community, ranking just 26th out of 37 countries.
Singapore’s quality of education got high marks from expatriates in the survey.