A survey conducted by MDRi has highlighted a significant optimism divide between Singapore and Hong Kong this Year of the Snake. The survey, which included 1,000 participants equally split between the two cities, found that 51% of Singaporeans are optimistic about 2025, while only 29% of Hong Kong residents share this sentiment. This difference reflects broader economic realities, with Singapore’s economy projected to grow by 2.8% in 2025, while Hong Kong’s growth is expected to slow to 2%.
The survey also revealed that 57% of Singaporeans feel confident in achieving their goals in 2025, compared to just 34% of Hong Kong residents. This confidence is mirrored in happiness levels, with 55% of Singaporeans feeling content in their daily lives, against 43% in Hong Kong. Financial stability, health, and family were identified as key contributors to happiness in both regions.
Financial concerns remain a common issue, particularly among younger demographics in Hong Kong, where Gen Z and Millennials face significant financial pressures. In contrast, Singaporeans prioritise family and health alongside financial stability.
Health has emerged as a critical focus for both cities, with the Year of the Snake symbolising healing and transformation. This shared emphasis on health presents opportunities for growth in the health sector, especially as both populations age.
Simon Tye, CEO of MDRi, noted, “The survey highlights the divergent trajectories of Hong Kong and Singapore, shedding light on the economic challenges and growth opportunities within the health sector for 2025.” As the new year unfolds, Singaporeans look forward to growth, while Hong Kong residents face a more uncertain future.
