"It's a bit like living in Disneyland..."

That's a comment from an expatriate on GeoExpat.com when discussing living in Singapore versus Hong Kong and many Singaporeans apparently agree. According to AsiaOne, they are being lured to work in Hong Kong by higher salaries, livelier business action and "grittiness". Singapore feels sterile to some.10,000 Singaporeans live and work in Hong Kong in all business areas, feeling that more high-level business transactions take place there, allowing them to add more impressive projects to their CV. One of the reasons that Hong Kong is seen as more impressive place to work is it's proximity to China where business growth has been unprecendented.
Hong Kong's salaries are higher as well. Foreign workers from places like the US and UK seem to agree, although acknowledge that Singapore is a friendlier, safer place to live. They do note, however, that it is much more expensive to live in Singapore.
Singaporeans from all different business sectors work in HK, including financial and IT and find they have more responsibility in HK than in Singapore. Singapore businesses, particularly in banking, are attempting sucessfully to close the salary gap between the two destinations.
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Labels: economy, employment, real estate




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