Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
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Vitostand
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by Vitostand » Mon, 06 Apr 2020 12:38 am
Interesting. In last 2 months, SG residential prices down 1.5% but volumes down close to 15%. After cooling measures, transaction costs like stamp duty for foreigners is around 24%. Annual rental is about 4% but interest rates can eat 2% out of that. 2% saving by buying and not renting per year. So in 12 years, transaction costs get fully recovered. So unless the general feedback was it helps a lot in PR application, in pure economic terms, feels better to rent atm. And obviously didn’t want to ask this question to a Real Estate agent, would have likely got a biased answer.
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sundaymorningstaple
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by sundaymorningstaple » Mon, 06 Apr 2020 1:03 am
That's for sure. But we are thankful for our hosts here.

I rented from 1982 to 1999 but back then the
property just kept get higher & higher. And the interest rates in the bank on saving lower & lower to the point it didn't make any sense to leave the money in the bank. (This was before all the cooling measures and there were Exec.
condos (HDB) selling for well over 1.5M (HDB!!!). Huge numbers of people found themselves in deep poo and also deep in negative equity which of course the banks were demanding coverage. Rentals in 1997 were reasonably cheap and I lived in a Black & White former British military housing in Seletar Camp. Management of the estate was taken over by Pidemco and they raised my rent 3 x in 2.5 years. When they tried to raise it the 3rd time I said no. I'm not going to pay more for rent that I would pay on a mortgage. So I went shopping and found a 1300 sq/ft 5 RM resale on a 14 yr mortgage for exactly the same as the rental would be. Moved a large chunk of change from the bank (which was earning SFA) to knock a good sized chunk of the purchase price and in 14 year it was paid off (that was 7 years ago). Just need to be ready to strike when the iron is hot I guess.
But no, it doesn't really help on a PR application. Neither does volunteer work with charities as too many have abused it just to get PR/Citizenship only to disappear as soon as they got what they wanted. ICA now wise to that. But in your case all things considered, I'd give it a shot.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
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tt1973
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by tt1973 » Mon, 06 Apr 2020 1:05 am
Vitostand wrote: ↑Mon, 06 Apr 2020 12:38 am
Interesting. In last 2 months, SG residential prices down 1.5% but volumes down close to 15%. After cooling measures, transaction costs like stamp duty for foreigners is around 24%. Annual rental is about 4% but interest rates can eat 2% out of that. 2% saving by buying and not renting per year. So in 12 years, transaction costs get fully recovered. So unless the general feedback was it helps a lot in PR application, in pure economic terms, feels better to rent atm. And obviously didn’t want to ask this question to a Real Estate agent, would have likely got a biased answer.
Rental yield is really low now, not easy to get 4% IMHO.
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Vitostand
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by Vitostand » Mon, 06 Apr 2020 1:31 am
V cool. Things have obviously come a Long way from 1997. Your feedback is very encouraging so will definitely apply for PR now. I am quite fond of SG so I’m personally satisfied that I’m making the application for the right reasons. I have made friends across races and communities here and feel genuinely integrated into the society. But definitely understand that it’s 50-50 and can go either way.
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Vitostand
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by Vitostand » Mon, 06 Apr 2020 1:37 am
tt1973 wrote: ↑Mon, 06 Apr 2020 1:05 am
Vitostand wrote: ↑Mon, 06 Apr 2020 12:38 am
Interesting. In last 2 months, SG residential prices down 1.5% but volumes down close to 15%. After cooling measures, transaction costs like stamp duty for foreigners is around 24%. Annual rental is about 4% but interest rates can eat 2% out of that. 2% saving by buying and not renting per year. So in 12 years, transaction costs get fully recovered. So unless the general feedback was it helps a lot in PR application, in pure economic terms, feels better to rent atm. And obviously didn’t want to ask this question to a Real Estate agent, would have likely got a biased answer.
Rental yield is really low now, not easy to get 4% IMHO.
For newish
condos in city or city fringes and for tenants who are least preferred Ethnicity wise like Indians, quite a few landlords are able to squeeze out 4%. I agree with you that 4% is tough in this market and a very good deal for a landlord.
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trmm14
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by trmm14 » Mon, 06 Apr 2020 7:25 pm
Hi,
Would really appreciate some assessment of my shot here:
Age : 38
Race : Vietnamese
Gender : Male
Marital Status : Married. I'm applying with my wife, who has been with me in Singapore since I first moved here on a DP and my newborn child who's also on a DP.
Education : Master & bachelor both from top US colleges
Current Field of Work : Finance
Experience: 10+ years
Length of stay : 4 year
Salary : Basic 400k+ ; 800k+ w/ bonus
Pass : EP
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singaporeflyer
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by singaporeflyer » Mon, 06 Apr 2020 10:15 pm
trmm14 wrote: ↑Mon, 06 Apr 2020 7:25 pm
Hi,
Would really appreciate some assessment of my shot here:
Age : 38
Race : Vietnamese
Gender : Male
Marital Status : Married. I'm applying with my wife, who has been with me in Singapore since I first moved here on a DP and my newborn child who's also on a DP.
Education : Master & bachelor both from top US colleges
Current Field of Work : Finance
Experience: 10+ years
Length of stay : 4 year
Salary : Basic 400k+ ; 800k+ w/ bonus
Pass : EP
50-50 chance
Negatives
1. High Salary and you may easily move out to other greener pastures
2. Finance Industry
But you can still try applying. It is OK
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395333
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by 395333 » Wed, 08 Apr 2020 12:53 am
No longer relevant. Thanks.
Last edited by
395333 on Thu, 23 Jul 2020 12:18 am, edited 1 time in total.
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rajspy84
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by rajspy84 » Wed, 08 Apr 2020 9:19 am
Hi,
I wanted to apply PR, I want to ask my chances of approval, if you guys don't mind, based on your experience in this forum.
Age: 32
Race: Indian
Gender: Male
Marital Status: Married
Education: Engineering Graduate from India
Job: Senior Software Engineer
Length of stay in Singapore: almost 3 years (worked in the same company till now)
Income Tax Assessment : 3 Submitted
Total Job Experience: 9 Years
Salary:100k+
Pass: EP
applying with
- my wife in EP (72k+), Engineering Graduate and been here for 2 years (working for the same company and submitted 2 tax assessment)
- my son - 4-year-old
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singaporeflyer
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by singaporeflyer » Wed, 08 Apr 2020 9:53 am
rajspy84 wrote: ↑Wed, 08 Apr 2020 9:19 am
Hi,
I wanted to apply PR, I want to ask my chances of approval, if you guys don't mind, based on your experience in this forum.
Age: 32
Race: Indian
Gender: Male
Marital Status: Married
Education: Engineering Graduate from India
Job: Senior Software Engineer
Length of stay in Singapore: almost 3 years (worked in the same company till now)
Income Tax Assessment : 3 Submitted
Total Job Experience: 9 Years
Salary:100k+
Pass: EP
applying with
- my wife in EP (72k+), Engineering Graduate and been here for 2 years (working for the same company and submitted 2 tax assessment)
- my son - 4-year-old
Wait for another 2 more years and then apply
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singaporeflyer
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by singaporeflyer » Wed, 08 Apr 2020 9:57 am
395333 wrote: ↑Wed, 08 Apr 2020 12:53 am
Hi, I’ve been a silent viewer of this forum for quite some time. Would really appreciate some advice on my PR application
Age: 27
Race: Chinese (Hong Kong)
Gender: Male
Education: Bachelor and Master degree from one of the top universities in Hong Kong
Marital status: single (have no plan to get married anytime soon)
Job: finance related position in a government sector, on EP
Length of stay in SG: 3.5 years
Total year of experience: almost 5 years
Salary: Basic 70k p.a; 80k - 100k with bonus
I submitted my application September 2019 and changed to my current job not so long after that. Updated ICA via email. The result was received this week (Apr 2020): rejection without specifying reasons. Prior to my current job, I had stayed with my previous employer for about 3 years.
Would like to hear your views on:
1) I couldn’t find many similar profiles in the forum to benchmark against. How big of a shot have I got here?
2) Is it true that changing jobs during the application will negatively impact on the result?
3) How long should I wait for before re-submitting the application? In 6 months? Or after my next salary review / perhaps promotion?
Thanks in advance!
Salary on the slightly lower side and job change MAY have caused the issue.
Wait for another 2 years and then apply. Unless there is something significant that has changed in the application, there is no use of applying immediately. In General, you are allowed to submit a new application 6 months after the last rejection.
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395333
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by 395333 » Wed, 08 Apr 2020 12:24 pm
no longer relevant.
Last edited by
395333 on Thu, 23 Jul 2020 12:18 am, edited 1 time in total.
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singaporeflyer
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by singaporeflyer » Wed, 08 Apr 2020 12:31 pm
395333 wrote: ↑Wed, 08 Apr 2020 12:24 pm
singaporeflyer wrote: ↑Wed, 08 Apr 2020 9:57 am
395333 wrote: ↑Wed, 08 Apr 2020 12:53 am
Hi, I’ve been a silent viewer of this forum for quite some time. Would really appreciate some advice on my PR application
Age: 27
Race: Chinese (Hong Kong)
Gender: Male
Education: Bachelor and Master degree from one of the top universities in Hong Kong
Marital status: single (have no plan to get married anytime soon)
Job: finance related position in a government sector, on EP
Length of stay in SG: 3.5 years
Total year of experience: almost 5 years
Salary: Basic 70k p.a; 80k - 100k with bonus
I submitted my application September 2019 and changed to my current job not so long after that. Updated ICA via email. The result was received this week (Apr 2020): rejection without specifying reasons. Prior to my current job, I had stayed with my previous employer for about 3 years.
Would like to hear your views on:
1) I couldn’t find many similar profiles in the forum to benchmark against. How big of a shot have I got here?
2) Is it true that changing jobs during the application will negatively impact on the result?
3) How long should I wait for before re-submitting the application? In 6 months? Or after my next salary review / perhaps promotion?
Thanks in advance!
Salary on the slightly lower side and job change MAY have caused the issue.
Wait for another 2 years and then apply. Unless there is something significant that has changed in the application, there is no use of applying immediately. In General, you are allowed to submit a new application 6 months after the last rejection.
Thanks for your kind reply.
I personally know of two people (one Malaysian Chinese and one Hong Kong Chinese) who resubmitted a second application immediately following their first rejection, with no significant change in their profile. However both of them got approved the second time. That’s why I’m unsure whether it’s worth it to re-apply anytime soon..
Malaysian Chinese is different as they are considered close to locals in integration, etc. So, it is easier for them. If you have already made up your mind to reapply immediately without any significant change in the application, then there is no need to ask for suggestion in the forum?
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nigel8888
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by nigel8888 » Wed, 08 Apr 2020 1:47 pm
Age:48
Race: Chinese (Malaysia)
Gender: Male
Education: Diploma
Marital status: married (Son: 15 and Daughther: 12)
Job: Manager (on SP)
Length of stay in SG: 1 Year
Total year of experience: almost 20 Years
Salary: OTE 80-90K
Sponsor Spouse and Kids. Chances to approve if apply only when male son at aged 17 (to completer his Malaysia Education in Secondary 5) and able to Join NS on time.
Any advice/comment. Thanks
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singaporeflyer
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by singaporeflyer » Wed, 08 Apr 2020 6:10 pm
nigel8888 wrote: ↑Wed, 08 Apr 2020 1:47 pm
Age:48
Race: Chinese (Malaysia)
Gender: Male
Education: Diploma
Marital status: married (Son: 15 and Daughther: 12)
Job: Manager (on SP)
Length of stay in SG: 1 Year
Total year of experience: almost 20 Years
Salary: OTE 80-90K
Sponsor Spouse and Kids. Chances to approve if apply only when male son at aged 17 (to completer his Malaysia Education in Secondary 5) and able to Join NS on time.
Any advice/comment. Thanks
You may be mostly OK except for your age. But as you are applying as a family with your son, who needs to serve NS if PR is granted, you will have a decent chance for approval
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