You rental budget is probably the best way for orientation when you start searching for a new home. In general, companies are responsive to the hosting countries' standard of living and adjust the housing allowances in tandem to market conditions. Naturally downward trends are greeted with a quick response from the human resource departments of multinational companies whereas upward trends need a little longer time to be recognized.
Housing allowance has a direct financial benefit to the employee. Most of the time, the housing alliowance is a taxable income to the expatriate employee. Having said that, there are countries, like China, that exempt the housing allowance from the expatriates' taxable income.
We feature some ways around problems with low rental budgets in Relocation Guide and agents are always ready to find a solution to make your housing dreams come true.
|Info: Housing Allowances Range in Singapore|
Learn how you can apply online for a bank account in Singapore for crediting your salary and housing allowance.