Zaobao.com reported that the perception that expats make much more income than locals may not be entirely correct.
A recent survey on 79 companies in Singapore (some are MNCs) showed that only 14% of the companies differentiate between expats and locals in terms of remuneration.
The same survey found that foreign employees with specialised knowledge in areas such as information technology and financial services are typically paid 10% to 20% more than locals.
The 80,000 employees from 21 nationalities who responded to the survey generally make $2,500 to $5,000 per month.
My question: why are there still so many expatriates who can afford the high rentals in expensive districts, so much so that there’s a recent mini “boom” in the rental market?