Moving from Hong Kong to Singapore - What to Consider



Singapore is a vibrant Asian city that attracts people from all over the world. Singapore offers a top quality of life and is a fantastic place for families or young professionals to reside. If you are thinking of moving from Hong Kong to Singapore, here are a few things to consider:

The Cost of Living

Regardless of whether you are relocating to pursue career or personal goals, it is essential to look at the cost of living in Singapore. In general terms, you can expect to pay more for food and transport. Schools and childcare expenses tend to be higher, especially if you are looking at sending your child to an international school. While the cost of living fluctuates between the 2 Asian business centres, it’s best if you compare current rates online for a more accurate reference.

Housing

Generally speaking, rent prices tend to be similar in Singapore, if not lower than those in Hong Kong. Housing & Development Board (HDB) housing is one of the most affordable options when moving from Hong Kong to Singapore. These are blocks of flats built by the government. Although it is not a common choice among expats, they are often close to the MRTs (Mass Rapid Transit for bus, rail or taxi) and wet markets. HDB properties tend to be a good option if you want to get a feel for Singapore before committing to leasing an apartment.

Private condos are usually the preferred property choice of expats and they are often more expensive. They are more appealing however, because you can expect additional features, such as swimming pools, gyms and tennis courts. These properties are sometimes located further from the MRTs so keep that in mind when choosing where to live.

Real estate agents might charge a different price for the same property so be prepared to look around. Having a Singapore agent you can trust is very important, so if you’ve started your new job ask work colleagues for a referral or perhaps join an online expat support group to get a better idea. Rent prices are often negotiable, so don’t be afraid to ask for a better deal. Allied Pickfords relocation arm SIRVA offers a home search program for assignees moving to Singapore to ensure you are getting the best deal.

Travel

Using public transport and rideshare taxi services tends to be the norm, since owning a car is more expensive than in other cities, including Hong Kong. Private condos are sometimes 10-15 minutes by bus from the nearest MRT. However, some condos have regular shuttle buses but they don’t run throughout the night. If you are not planning to drive a car, you might want to live closer to the centre of the city.

Once you have made up your mind about moving from Hong Kong to Singapore, get in touch with Allied Pickfords. Our team is vastly experienced in international relocations and we will help you plan this exciting international move.

 


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