Market Research

Australia, Thailand Top HSBC Poll On Quality of Life

Vanessa Doctor Asia Editor 29 November 2009

Australia, Thailand Top HSBC Poll On Quality of Life

Results from the latest HSBC Bank International poll on the best location for expatriates revealed that two Asia-Pacific countries made it to the top three, with Canada taking the lead.

According to the report, Australia and Thailand were voted second and third respectively for offering an increased quality of life for expats, as well as welcoming environments that make it easy for foreigners to fit in. The findings were based on expat ratings on food, accommodation, entertainment, transport, household goods, healthcare, education/childcare, working hours, and others. Singapore came in fourth and Hong Kong tenth.

The results could very well determine the volume of foreign investment coming into each of these Asian countries, particularly as investors are not just seeking to find lucrative business locations, but also promising immigration conditions. In the report, Asia emerged as the top place to be in for making friends, with Thailand taking the top spot, followed by Vietnam, Hong Kong and Malaysia.

Other countries on the top 10 list are South Africa, France, the US and Spain. The UK scored poorly for quality of life and landed at the 23rd spot, right after Brazil, Mexico, and China.

“What is clear is that the locations where salaries may not be as high, such as Canada and Australia, are where expats are really enjoying not only an increased quality of life but are also finding it easy to fit in to their new communities," said Alan Smith, the head of international wealth management for HSBC Bank International, in a statement.

Asia is home to the highest paid expats in the world, with one in four earning over $200,000 annually, HSBC said. The wealthiest expats currently live in Russia, Japan and Qatar.

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