Expat Wealth Heads to Southeast Asia

Expat Wealth Heads to Southeast Asia PR Newswire LONDON, October 10, 2012 LONDON, October 10, 2012 /PRNewswire/ -- Singapore home to wealthiest expats, with Asian countries topping charts for increased earnings Despite strong outlook, many Middle Eastern expats only plan a short term stay European expats choosing to weather the Eurozone storm Southeast Asia has come to the fore as a leading destination for expat earning potential according to the latest findings from HSBC Expat's Expat Explorer survey. The largest global survey of expats shows that Singapore this year tops the Expat Explorer Economics league table, which ranks countries based on a number of factors such as earning levels, disposable income and ability to accumulate luxuries. Four additional countries in the region also make the top ten, rd th th thincluding Thailand (3 ), Hong Kong (4 ), China (7 ) and Vietnam (10 ). In the midst of wider global turmoil, expats in Southeast Asia continue to benefit from increased earnings with Singapore holding the largest proportion of wealthy expats of any country. More than half (54%) of Singapore-based expats who took part in the Expat Explorer survey earn more than $200,000 USD per year, compared to a global survey average of only 7%. Furthermore, four in five (80%) expats in Singapore saw an increase in their disposable income since relocating.