Difference between HK and Singapore is marginal, EIU saysLocal | 16 Aug 2017 6:44 pm
Although Hong Kong has been knocked off by Singapore in the rankings of liveability in the Asian cities, the difference between the two cities is marginal, the survey compiler, the Economist Intelligence Unit explained today.
Jon Copestake, the editor of the survey, said: "Singapore's jump up the rankings can be attributed to consistent and impressive improvements in educational attainment, which has delivered a perfect score for education and pushed the overall score for the city-state above 90 percent for the first time since the survey began. However it is worth remembering that, although ten ranking places now separate Hong Kong and Singapore the difference between them is marginal at just 1.6 percent and both comfortably sit in the top tier of liveability where there are few, if any, challenges to lifestyle."
Liveability evaluates which locations around the world provide the best or the worst living conditions, the EIU expains. Assessing liveability has a broad range of uses, from benchmarking perceptions of development levels to assigning a hardship allowance as part of expatriate relocation packages.
The Economist Intelligence Unit's liveability rating, part of the Worldwide Cost of Living Survey, quantifies the challenges that might be presented to an individual's lifestyle in 140 cities worldwide. Each city is assigned a score for over 30 qualitative and quantitative factors across five broad categories of stability, healthcare, culture and environment, education and infrastructure.
Each factor in each city is rated as acceptable, tolerable, uncomfortable, undesirable or intolerable.
For qualitative indicators, a rating is awarded based on the judgment of EIU analysts and contributors. For quantitative indicators, a rating is calculated based on the relative performance of a number of external data points.
The categories are compiled and weighted to give an overall rating of 1 to 100. One is considered intolerable and 100 is considered ideal. The report considers that any city with a rating of 80 or more will have few, if any, challenges to living standards, the EIU explains.