These two Asian megacities attract more expatriates each year. But would one be better than the other? It all depends on what you are looking for and your situation.
Hong Kong, a global city
Hong Kong,meaning “port of perfumes”, has a total of 7 million inhabitants. Of these, there are more than 25,000 French expatriates!
As Hong Kong is the 3rd largest financial centre in the world, expatriates come in part to advance their careers. In addition, foreign companies based in Hong Kong contribute 34% of GDP. That’s why there are a lot of young single salespeople who want to take advantage of the dynamic side of the city. However, with a work rate of up to 90 hours per week, you have to find time to enjoy the city.
Consisting of a main island and 64 small islands, this Asian city-state is made up of more than 5 million inhabitants. We can see that 40 inhabitants are expatriates from all over the world. Singapore therefore includes a large number of cultures and nationalities.
Very good air quality, exemplary cleanliness of the city and an educational system that promotes English-Mandarin bilingualism make Singapore a great place to live. Its many parks and ponds make Singapore more pleasant to live in.
Those who want to emigrate with their families will therefore choose more Singapore.
As said in one of our previous articles, it can be very nice during your stay in Singapore as raining a lot! So you have to love the rain and changing weather.
Cost of living and health
Singapore and Hong Kong are the two most expensive cities in the world. The standard of living is very high so life is expensive but the salary goes with it. To get an idea of the base price and compare the two:
On the health side, the systems are similar. The quality of care is excellent,but bad news: the system does not support the needs of expatriates. In addition, the cost of treatment is very high… Good international health insurance is therefore necessary to live there as expatriates. First of all to avoid high bills and also to ensure access to treatment quickly.
To conclude: it all depends on what you are looking for as a type of experience. Some will prefer the frantic pace of Hong Kong, others will choose the beauty of Singapore.
Would you like to move to one of these two cities? Get your expat insurance to Singapore or your Hong Kong insurance now!