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Malaysia gaining in appeal to expats
| Published: | 11 Dec at 11 AM |
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Expats are increasingly viewing the Southeast Asia country of Malaysia as an exciting and cost-effective destination to live in.
Some 54 per cent of respondents to the Expat Explorer survey, commissioned by HSBC, said that living conditions in the country were better than what they had in their home country, while 34 per cent revealed they were spending less on accommodation than they had in the past. This compared to a global average of 40 per cent and 23 per cent respectively.
Expats in Malaysia said they found housing easy to find, relatively inexpensive and of a higher quality than they were used to. Thirty-seven per cent said they now spent less on utilities than they did previously, compared to worldwide average of 26 per cent.
The survey found, in general, that emerging Asian economies were appealing destinations for relocating and would-be expats. Respondents said that these countries offered good future career prospects as well as the opportunity to live well and enjoy a higher level of disposable income.
Expats in these countries are more likely to earn a good living, according to the survey, which said that 19 per cent earn a salary in excess of US$200,000, compared to the 11 per cent global average. The average annual salary of expats in the region is US$119,000, compared to the global average of US$92,000, while 65 per cent of expats revealed their disposable income was higher since relocating.
Some 54 per cent of respondents to the Expat Explorer survey, commissioned by HSBC, said that living conditions in the country were better than what they had in their home country, while 34 per cent revealed they were spending less on accommodation than they had in the past. This compared to a global average of 40 per cent and 23 per cent respectively.
Expats in Malaysia said they found housing easy to find, relatively inexpensive and of a higher quality than they were used to. Thirty-seven per cent said they now spent less on utilities than they did previously, compared to worldwide average of 26 per cent.
The survey found, in general, that emerging Asian economies were appealing destinations for relocating and would-be expats. Respondents said that these countries offered good future career prospects as well as the opportunity to live well and enjoy a higher level of disposable income.
Expats in these countries are more likely to earn a good living, according to the survey, which said that 19 per cent earn a salary in excess of US$200,000, compared to the 11 per cent global average. The average annual salary of expats in the region is US$119,000, compared to the global average of US$92,000, while 65 per cent of expats revealed their disposable income was higher since relocating.
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