Singapore is Asia's happiest country?

Recently it came out in the news that Singapore is the happiest place in Asia(Please note that I mentioned Asia and not the world). This is a topic open to debate, as we live in a country that aims for the highest standards, and this puts tremendous pressure on each and everyone of us, but I do feel that Singapore has her merits and I do cherish the happy memories and opportunities that this country has given me. As all(or at least most) of us are Singaporeans, I would like you, fellow readers(foreigners are welcome too), to share your opinion on this.