The Year of the Snake dawns with a survey highlighting the diverging paths of Singapore and Hong Kong.
The Mishcon de Reya Group conducted a survey encompassing 1,000 participants from Hong Kong and Singapore to gauge the prevailing sentiments regarding their future and evolving life priorities for the upcoming year: the economic fates of Singapore and Hong Kong seem to diverge dramatically.
While Singaporeans anticipate a prosperous 2025, buoyed by optimism and resilience, their counterparts in Hong Kong face a landscape marred by uncertainty and caution.
Optimism Divide
A striking difference in outlook for 2025 exists between residents of Singapore and Hong Kong: 51 percent of Singaporeans express optimism about the upcoming year, while only 29 percent of Hong Kong residents share this sentiment.
Confidence in Achievements: 57 percent of Singaporeans report high confidence in achieving their goals in 2025, contrasting sharply with just 34 percent of individuals in Hong Kong who feel similarly assured.
Happiness Metrics: 55 percent of Singaporeans feel content in their daily lives compared to 43 percent of Hong Kong residents. Financial stability, health, and family are recognized as the top contributors to happiness across both regions.
Economic Worries: Financial concerns remain a pervasive issue for both populations. Among younger demographics, Gen Z and Millennials in Hong Kong express heightened anxiety over finances, while older generations show different priorities.
Health as a Priority: Health emerges as a critical focus for residents in both cities. While financial stability impacts happiness, health consistently ranks as a top priority, highlighting the importance of well-being amid economic challenges.
Future Prospects: As the Year of the Snake unfolds, both cities face pivotal opportunities for transformation, with Singaporeans looking to embrace growth while Hong Kong residents must navigate a landscape of uncertainty.
The survey was conducted between the 31st of December 2024 and the 6th of January 2025, measuring the sentiment and happiness level of both markets of Hong Kong and Singapore towards the year 2025.
The Mishcon de Reya Group is an independent, international professional services business with law at its heart, employing over 1,450 people with over 650 lawyers. It includes the law firm Mishcon de Reya LLP and a collection of leading consultancy businesses that complement the firm's legal services. Mishcon de Reya LLP is based in London, Oxford, Cambridge, Singapore and Hong Kong (through its association with Karas So LLP).
