Financial Survey 2017

DID YOU KNOW?

DID YOU KNOW?

WHOARE THEY?

EXPAT PACKAGES - A THINGOF THE PAST?

15 % 27 % Single Our typical reader is a female, aged between 35 – 44. The majority of our readers are married and have children. 24 % 76 % In Relationship

Along with this decrease in the number of expat packages comes an increase in the number of expats who are opting to put their children into local schools.

Since 2015, the number of people on expat packages has decreased by 10%. Most expats are on local contracts now and a growing number are running their own businesses.

13 % Local plus benefits 57 % Local contract 20 % Expat package 10 % Own company

2015

4 % 54 % Married Engaged

42%

16%

24%

70%

21%

9%

2%

2%

18-24 25-34 35-44 45-54 55-64 65

Most of our expat readers have been in Singapore for more than five years and majority of them are planning to stay for the foreseeable future.

British, Australian and American expats form the largest base of our expat readers.

2016

20%

Though the majority are now forking out their own money to pay for school fees, there are still those who are lucky enough to have their company shoulder the expenses. 33% 67% Company pays for school fees Expats pay for school fees

23%

11%

58% 16% 15%

57%

Foreseeable future

1 - 2 years

18%

3 - 4 years

7% 2% 2%

INTERNATIONAL LOCAL

5 - 6 years

6 - 11 months

Less than 6 months

1

2

EXPATLIVING2017

EXPATLIVING2017

DID YOU KNOW?

DID YOU KNOW?

ARE THEY EARNINGMORE?

HOME RENTALS - GETTINGEASIERON THE POCKET?

Expats are still primarily choosing condominiums to live in. They are now paying an average monthly rental fee between $3K and $6K; this has decreased from between $4K and $8K in 2015.

Our survey revealed that, compared to 2015, there are now more expats with an annual household income ranging from $50K to $200K and less of those earning between $200K and $500K. In general, it seems like more expats are earning less.

There seems to be an increase in Dependant Pass holders, but an decrease in Employment Pass holders. Does this mean there are less single imports now?

HDB

LANDED PROPERTY

CONDO

9% 11%

19% 18%

2015 2016

72% 71%

2016

2015

2016

2015

4%

8%

22%

Above 500K

$0 - $3,999

$0 - $2,999

14%

Employment Pass

43%

33%

20% 10% 31% 25%

17% 22% 21% 16% 14%

400,001 - 500,000

$4,000 - $7,999

$3,000 - $5,999

39%

40%

300,001 - 400,000

$8,000 - $11,999 $12,000 - $15,999 $16,000 - $19,999 $20,000 or above

$6,000 - $8,999 $9,000 - $11,999 $12,000 - $14,999 $15,000 - $17,999 $18,000 - $20,999 $21,000 or above Does not pay rent

15%

18%

7%

4%

200,001 - 300,000

1% 1%

3%

100,001 - 200,000 50,001 - 100,000

1%

7% 3%

17%

1% 1%

Does not pay rent

2%

under 50,000

16%

Dependant's Pass

26%

36%

According to our survey, they now feel that they have l e s s d i spos ab l e income compared to a year ago. They feel eating out and t ak i ng ho l i days a r e b e c o m i n g more expensive so they’re most likely looking for cheaper places to eat and t a ke va c a t i on s . On t he up s i de , they feel rent and entertainment costs have gone down.

The majority of expats are still paying rent themselves, but we have seen a drop in the number who have their rent paid by their company, and a slight increase in the number of property buyers.

39 % Feel they have less disposable income

2015

2016

COMPANY RENTAL

21 % Feel they have more disposable income

16%

21%

21%

23%

Permanent Resident

PERSONAL RENTAL

65%

65%

40 % Feel they have about the same disposable income

OWN THE PROPERTY THEY LIVE IN

2016

2015

19%

14%

3

4

EXPATLIVING2017

EXPATLIVING2017