Moving to Hong Kong or Singapore?
In a globalized, ever-changing world, choosing a destination for expatriation becomes a complex decision, influenced by multiple factors such as economic opportunities, quality of life, and political stability. Among Asia’s epicenters of dynamism, Hong Kong and Singapore are two attractive poles, each offering a unique set of opportunities and challenges. But before you pack your bags, one aspect remains invariably crucial: your health. At Mondassur, you’ll find
tailor-made international health insurance, designed to meet all the requirements of life abroad. Is Hong Kong still attractive for international careers?
Hong Kong is a large city, home to over 7 million people. Recognized as one of the world’s top 5 financial centers, the city attracts expatriates looking to boost their professional careers. Indeed, international companies based in Hong Kong are major contributors to the local economy, accounting for a significant share of the city’s GDP.
Hong Kong is more than just its financial clout. It is also a cultural melting pot with a unique historical heritage, stemming from both Chinese and British influence. The city offers a veritable feast for the senses, with its varied gastronomy combining local specialties such as dim sum and cha chaan teng, with flavors from the four corners of the globe. Tourists can explore iconic landmarks such as Victoria Peak, Temple Street Market and Po Lin Buddhist Monastery. Known for its vibrant nightlife scene and range of entertainment options, Hong Kong is a destination that promises memorable moments. Hong Kong is renowned for its many opportunities, but also for its high cost of living, making medical care potentially expensive. It is therefore crucial to have
health insurance for Hong Kong to cover the high medical costs in this region. Is Singapore still the preferred destination for expatriate families?
Singapore, an Asian metropolis comprising one main island and 64 smaller islands, continues to play a key role as a cultural center, although the expatriate share has fallen slightly to around 20% of the population. This is partly due to the growing appeal of other destinations among expatriates. However, Singapore continues to shine as a preferred choice thanks to its exceptional living environment, lush green surroundings and state-of-the-art facilities. The city is famous for its impeccable green spaces, including the Botanical Gardens, Merlion Park and Gardens by the Bay, which symbolize its devotion to nature and sustainability. Singapore also boasts a first-rate standard of living, offering impeccable cleanliness, exemplary organization and remarkable air quality. Its education system, among the best in the world, promotes bilingualism in English and Mandarin, ensuring a high-quality education for children.
To take full advantage of all the opportunities and conveniences Singapore has to offer, where healthcare costs can easily mount up, we recommend that you have adequate health insurance to cope with the challenges of everyday life. Get a free quote for your
health insurance in Singapore today! What are the differences between the healthcare systems in Hong Kong and Singapore?
Singapore and Hong Kong both benefit from highly advanced healthcare systems, but there are some notable differences to bear in mind for those considering a move to these regions:
– Accessibility and costs: In Singapore, public healthcare is often available free of charge or at minimal cost to permanent residents, whereas in Hong Kong, costs can be higher, particularly in the private sector. – Waiting times: Generally, waiting times for medical care are shorter in Singapore than in Hong Kong, especially for specialized services. – Medical coverage: We advise expatriates in Singapore and Hong Kong to take out private health insurance to cover healthcare costs, which can be substantial in these metropolises. – Quality of care: Singapore and Hong Kong are both renowned for the high quality of their healthcare, with competent professionals and state-of-the-art infrastructures. However, Singapore is often considered more advanced in terms of medical technology and innovation. How much does healthcare cost in Singapore and Hong Kong? Medical costs are generally higher in Singapore than in Hong Kong, with variations depending on the type of treatment, the establishment and the doctor: – GP consultation: Hong Kong: 400 – 600 HKD (50 – 77 euros) Singapore: 50 – 80 SGD (36 – 58 euros) – Specialist consultation: Hong Kong: 1,000 – 2,000 HKD (129 – 258 euros) Singapore: 120 – 250 SGD (87 – 182 euros) – Vaginal delivery: Hong Kong: 70,000 – 180,000 HKD (9,000 – 23,000 euros) Singapore: 8,000 – 20,000 SGD (5,600 – 14,000 euros) – Laser eye surgery: Hong Kong: HKD 70,000 – 180,000 (euro 9,000 – 23,000) Singapore: 4,000 – 8,000 SGD (2,915 – 5,830 euros) As you can see, medical costs are high in Hong Kong and Singapore, so good health cover is crucial for expatriates. Mondassur offers a range of international health insurance plans tailored to your needs.