Expat Packages Are Worsening in Singapore and Hong Kong: Survey
- Singapore packages lowest in five years in U.S. dollar terms
- Hong Kong packages are falling, still fourth highest in Asia
Tourists pose against the Central Business District skyline in Singapore, on Tuesday, Feb. 28, 2012.
Photographer: Sam Kang Li/BloombergThis article is for subscribers only.
The value of pay and benefits packages for expatriates moving to Hong Kong and Singapore continued to decline last year, according consultancy firm ECA International.
For middle managers in Hong Kong, expat packages -- including salary, tax and benefits such as accommodation and schooling -- have fallen 2 percent in U.S. dollar terms over the past five years to around $265,500, while the typical package in Singapore dropped 6 percent to $235,500, ECA’s annual MyExpatriate Market Pay survey found.