Are you sure? Here are some real facts:
The standard legal work in a week is 44 hours long (five-and-a-half days). Employees are entitled to a minimum of seven days of vacation leave for the first year of service, with most enjoying two to three weeks of leave and paid sick leave…
Personal income tax rates in Singapore are among the lowest in the world. Most companies in Sinagpore are good at rewarding their employees such as vacation leaves, bonuses, health and dental insurance which are year end standard employee benefits most companies offer. Most employers give their workers a bonus during the Chinese New Year. Other perks could include car and housing loans and incentive travel overseas. Legally, overtime rates must be not less than one and a half times the hourly rate.
Doesn’t sound bad to me. I know a fair number of people who worked in Sinagpore and they loved it, but it is very competitive which shouldn’t be a problem anyway.
The wage differences aren’t that much different and in some cases higher in Singapore, but it depends on what job (Lawyers get paid more overseas for instance). The savings may be to do with TAX incentives, facility rent, setting up costs rather than wages. Plus Asia does actually have a big creative talent pool to draw from.