SG emerges as amongst preferred overseas education destinations of parents from China and HK

One in six parents plan to send their child to study in Singapore or Japan.

The United States and the United Kingdom are no longer the sole options of parents from China and Hong Kong when choosing where to send their children to study.

Data from HSBC Life showed that Singapore and Japan (16%) have also emerged as top picks for overseas education by parents in China and Hong Kong.

Parents in China and Hong Kong are also likely to send their children abroad for education at a younger age, with 70% wanting to send their children overseas for tertiary education.

Meanwhile, the study also found that many parents are finding overseas education costs to be increasing.

The most commonly cited reason of parents who said that costs of overseas education have become higher than anticipated (58%) is the changes to accommodation costs and living expenses (24%).

SG amongst top destinations of China and HK parents for overseas education
One in six parents plan to send their child to study in Singapore or Japan.

The United States and the United Kingdom are no longer the sole options of parents from China and Hong Kong when choosing where to send their children to study.

Data from HSBC Life showed that Singapore and Japan (16%) have also emerged as top picks for overseas education by parents in China and Hong Kong.

Parents in China and Hong Kong are also likely to send their children abroad for education at a younger age, with 70% wanting to send their children overseas for tertiary education.

Meanwhile, the study also found that many parents are also finding overseas education costs to be increasing.

The most commonly cited reason of parents who said that costs of overseas education have become higher than anticipated (58%) is the changes to accommodation costs and living expenses (24%).