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China and Singapore have emerged as two of the best countries in the world for expatriate corporate assignments, research has revealed.
The US and UK ranked first and second place in the latest survey by worldwide human resources consultant ECA International, ChannelNewsAsia.com reports.
Singapore's fourth place was attributed to the city-state's position as an Asian services hub, attracting expatriate healthcare insurance customers and other people from all over the globe.
Government figures put Singapore's non-resident population at 1.3 million, the news source states.
"Looking at the comparison between Singapore and Hong Kong, two years ago, Singapore was about 15 per cent cheaper based on our cost of living study, which looks at things such as a person's day-to-day personal consumption. However now, it is only two per cent," commented Lee Quane, regional director of Asia at ECA International.
A separate survey from the firm recently found the stronger yen has made Japanese cities more expensive for expatriates to live in, while Tokyo continues to be the most costly location in the world for international assignees.
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