On September 8th, AIRINC attended the Forum for Expatriate Management (FEM) APAC Summit at the Hotel Fort Canning in Singapore.
Over the last two years, Seoul and Singapore have faced tremendous changes in their housing rental markets.
At the end of 2021, countries across South East Asia were optimistic about recovery prospects in 2022 as aggressive vaccination programs edged local populations closer to herd immunity levels.
As the end of the year draws closer, we have been busy catching up with clients in Singapore to plan for the coming year.
Jeff Hawk, AIRINC’s Vice President Americas, recently wrote about compensation challenges “How Does Your Job Offer Stack Up?”. My colleagues Adam Silver and Michael Joyce followed up with posts on how to attract talent if affinity between two locations is low.
In a follow-up to Jeff Hawk's "How Does Your Job Offer Stack Up?" post, Adam Silver looked at the challenges of "Attracting Talent" to a city that may be a difficult sell to employees. Then, in "Understanding the level of affinity between two locations can determine the success of a move," Michael Joyce examined the obstacles and options companies have when transferring an employee to a higher tax location. In this post I will look at the other side of the coin, attracting talent to a location with lower income tax.
Singapore’s expatriate rental market is relatively stable despite more assignee departures than arrivals. While supply is greater than demand, sources say most incoming expatriates want to live in apartments close to MRT and schools. Many landlords of desirable apartments can continue to charge listed rents for now.
Heung Gong – the Cantonese translation of Hong Kong means “Fragrant Harbor,” a name inspired by the city’s past as an incense trading port.
While no one can predict when the COVID-19 outbreak will be contained, the pandemic has firmly stalled and reversed rising property trends across Hong Kong, Shanghai, and Singapore. AIRINC spoke to industry experts across Asia’s most dynamic business hubs to understand the unique characteristics of each market and what changes and opportunities lie ahead.
