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Expat packages are worsening in Singapore and Hong Kong: Survey

Bloomberg Published on Thu, May 18, 2017 / 8:13 AM GMT+8

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HONG KONG (May 18): The value of pay and benefits packages for expatriates moving to Hong Kong and Singapore continued to decline last year, according to 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% in US dollar terms over the past five years to around US$265,500, while the typical package in Singapore dropped 6% to US$235,500 ($327,592), ECA’s annual MyExpatriate Market Pay survey found.

The average expat package for a middle manager in mainland China is worth US$282,500, behind Japan -- the most expensive package in the Asia-Pacific region -- at US$367,500. Japanese packages have risen by around 12% from 2016 as the yen strengthened against the dollar over the latest survey period, ECA said.