I am Malaysian Chinese 53yo. I have been in Spore since 1992 on EP for 1st 5 years and PR since 1997. Been self-employed in a partnership from 2004 till last year. Just recently my REP is up for renewal and they only approved for 1 year, previously always 5 years.
The business closed due to impact of covid, I have feeling I wont restart the business even till next year, I was wondering if they will approve my REP next year if I still put my status as unemployed.
I have bought a condo here and have savings and investment aside from cpf and intend to retire here. I feel I have enough to retire even if I dont ever work.
I wonder if there is an age where they will automactically approve your REP even if you are unemployed status due to retirement.
Anyone have been through this, conventional thinking or trend is 53 is too young to retire.
Anyone?