Singapore has dropped in rankings to 3rd place for the most desirable countries for expatriates to work and live in.
The Global HSBC survey has decided to rank the republic 3rd after Germany and China amid rising concerns on job security as well as integration of the expatriates to the local community. As Singaporeans have been showing concern about the rising number of foreigners in the country and attributed this to the rising cost of housing and other necessity cost, the government start to impose restrictions on its foreign labour policies.
In particular, employers will have to deposit their job vacancy advertisements into the job banks for 14 days before they are allowed to hire foreigners.
Foreigners have been finding it hard to integrate to the local community. One such expatriate has been comparing her stay in Singapore to her stay in Thailand. She has advised that the Thais are very friendly as she was introduced to her roommates by a fellow roommate.
As there is now restrictive policy on foreigners, there remains to see if prices of The Hillford Launch will be affected as there are many foreigners living around in the Bukit Timah area.