Is it possible for my father to buy a either a public or a private residential property in Singapore under the Global Investor Program jointly with me and at the same time apply for a PR for himself and my mum?
I am a Singapore citizen of Indian origin and my parents both are from India holding a Long Term pass at the moment.
That doesn't work. The GIP program is for investors with substantial business track record and successful entrepreneurial background who intend to drive their business and investment growth from Singapore. You need to invest in your own business or put your money into a GIP approved fund.
bak_kwa maybe you could consider Malaysia? It is close enough for you/they to visit on weekends (depending on where they choose to live). It is probably more attainable for them too as there aren't many options for people moving to Singapore without massive funds or if they aren't seeking work.
The intention of my parents is to buy a property in Singapore is to be closer to me and my family. Hence thats the reason for considering this place. Although Malaysia in not a bad choice especially JB I think I am trying to exhaust all available options for my parents to buy a property here before venturing on other locations