Singapore is ranked No. 5 in InterNations’ “Cities in the World for Expats to Live and Work Abroad in 2020” and No. 25 in ECA International’s “World’s Most Livable Cities in 2019” among Asian cities.
It has topped the list for the first time since 2005, and it has been topping the list of Asia's most livable cities for the past 15 years.
What are the characteristics of this small island city-state that sets it apart from other larger Asian countries?
Singapore is a culturally diverse country mainly populated by Chinese, Malays, Indians, and Asian-Europeans.
Over the past 20 years, the country has been affected by globalization. Many expatriates have moved to this tiny state, making the Singaporean population more international and enriching the country's culture.
Both the children and adults here can communicate in at least two languages, so expatriates will have no communication issues when they visit.
Multiculturalism brings in different architectural styles and cuisines everywhere in Singapore, such as the Chinese-inspired Chinatown, exotic Little India, and the European and American-style Holland Village.
As a result, when expats come here, they will feel right at home.
Is there nothing special to eat in this small country? Wrong! The diversity of cultures here has contributed to national cuisines, so you can eat anything you can think of.
Don't underestimate the education in this small country; Singapore has another name: the "Education Capital of Asia". Its educational system is one of the most advanced in Asia and even in the world.
This country's universities are also well-known throughout the world. The National University of Singapore and Nanyang Technological University are ranked 11th and 13th, respectively, in the 2021 QS World University Rankings.
When it comes to Singapore, one must mention the country's strict policing. Singapore is famous worldwide for its excellent law and order, and according to the 2018 Global Law and Order report by Gallup, a US consulting firm, Singapore is on top of the list with a high score of 97. Singapore was also ranked second in the Economist's ranking of safe cities worldwide released from 2015 to 2017.
This is due to the whipping punishment - the law has more than 30 different crimes punishable by whipping. The whip will be soaked in water overnight before the execution to absorb the water, which increases its flexibility fully. It will then be disinfected.
Executioners are specially trained - they're not only strong; some are combat or martial arts masters. The whipping punishment does not take in the victim's age or the severity of the crime. Usually, more than three whips will be shocked.
Singapore's clean government, low taxes, stable political environment, and abundant highly qualified human resources have created a sound and stable financial mechanism. It attracts many foreigners to deposit and transfer funds to Singapore, transforming it into an asset haven for the wealthy and powerful.
Singapore topped the World Bank's Doing Business Report for ten consecutive years in 2016 and ranked second for four straight years in 2020. The country scores have very little difference from the ones on the top of the list. Singapore was also ranked first on World's Best Countries list to Invest In or Do Business 2020 in CEOWORLD magazine.
According to the Financial Times, as of June 2020, the global epidemic has caused tremendous economic changes, causing investors to seek stable and safe "deposit boxes" to allocate their assets.
Singapore has become a haven for everyone, with deposits from overseas residents increasing 44% to S$62.14 billion. Foreigners' funds increased fourfold to S$26.97 billion, compared to the same period in 2019.
Such a perfect financial system certainly brings confidence and stability to the local property market. This is why investment in Singapore properties will obtain a higher return on investment than other countries, not forgetting the appreciation and preservation in the long run. All these show why Singapore is such a famous choice for investment!
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