{"id":153364,"date":"2025-09-19T02:11:08","date_gmt":"2025-09-19T02:11:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/153364\/"},"modified":"2025-09-19T02:11:08","modified_gmt":"2025-09-19T02:11:08","slug":"cpf-savings-rise-but-is-it-enough-to-retire-in-singapore-singapore-loses-asias-top-talent-spot-to-hong-kong-singapore-live-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/153364\/","title":{"rendered":"CPF savings rise, but is it enough to retire in Singapore?; Singapore loses Asia\u2019s top talent spot to Hong Kong: Singapore live news"},"content":{"rendered":"<p><img alt=\"Singapore\u2019s drop in global talent rankings reflects a shift in executive priorities as cost and career now trump lifestyle and culture. (Photo: Getty Images)\" loading=\"lazy\" width=\"640\" height=\"360\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/195348d0-cf4e-11ec-b93f-9031d60e358e.jpeg\"\/><\/p>\n<p>Singapore\u2019s drop in global talent rankings reflects a shift in executive priorities as cost and career now trump lifestyle and culture. (Photo: Getty Images)<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.channelnewsasia.com\/singapore\/singapore-ranked-7th-imd-world-talent-ranking-5337501\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Singapore\u2019s slip to 7th;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Singapore\u2019s slip to 7th<\/a> in the <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.imd.org\/centers\/wcc\/world-competitiveness-center\/rankings\/world-competitiveness-ranking\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:IMD World Talent Ranking 2025;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">IMD World Talent Ranking 2025<\/a> marks a turning point. Despite strong education outcomes and business appeal, the city-state is losing ground due to rising costs and underinvestment in education.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/www.imd.org\/news\/competitiveness\/imd-research-reveals-executives-are-deprioritizing-quality-of-life-and-cultural-fit-when-contemplating-overseas-offers\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:IMD\u2019s research shows;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">IMD\u2019s research shows<\/a> that quality of life, once a top draw, is no longer the dealmaker. Rising living costs and low public education spending have made Singapore less competitive in the \u201cinvestment and development\u201d pillar, where the country fell from 22nd to 30th. Public education spending is just 2.1 per cent of GDP, ranking 63rd globally.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Hong Kong, meanwhile, <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-09-13\/hong-kong-beats-singapore-as-asia-s-best-place-to-attract-talent\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:surged to 4th place;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">surged to 4th place<\/a>, thanks to improved appeal and readiness scores. But the real story is that executives are chasing value, where they can get top-tier talent and infrastructure without the premium price tag.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/www.imd.org\/entity-profile\/singapore-wcr\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Singapore;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Singapore<\/a> still shines in readiness, ranking 2nd globally, and boasts strong education outcomes and business environment ratings.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Cost-of-living concerns also weighed heavily. Singapore ranked 65th in affordability, making it harder to retain talent, even with its high salaries and clean governance.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">IMD experts say companies are relocating to Malaysia, Vietnam, and Indonesia, where they find \u201csimilar quality workforce for a much lower price\u201d.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Executives still rate Singapore\u2019s education system highly, especially in science graduates and student mobility. But the <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/www.businesstimes.com.sg\/opinion-features\/durability-over-hype-assuring-singapores-talent-edge\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:talent equation is shifting;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">talent equation is shifting<\/a>, and Singapore\u2019s premium positioning is being questioned.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">IMD experts say the country needs a \u201cwell thought-out plan\u201d to re-attract talent and stay competitive.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">For full rankings and insights, read <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/www.imd.org\/centers\/wcc\/world-competitiveness-center\/rankings\/world-competitiveness-ranking\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:IMD&#039;s report;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">IMD&#8217;s report<\/a> here.<\/p>\n","protected":false},"excerpt":{"rendered":"Singapore\u2019s drop in global talent rankings reflects a shift in executive priorities as cost and career now trump&hellip;\n","protected":false},"author":2,"featured_media":153365,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,528,102648,184,185,942],"class_list":{"0":"post-153364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-getty-images","13":"tag-jacob-wackerhausen","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-singapore"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/153364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=153364"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/153364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/153365"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=153364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=153364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=153364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}