How is buying a condo going to contribute to Singapore? Anytime, when the price goes up, you may sell the condo, take the profit and leave ?PartyLike-A-Russian wrote: ↑Tue, 07 Sep 2021 9:12 amFound https://www.iras.gov.sg/irashome/Other- ... ts--FTAs-/malcontent wrote: ↑Mon, 06 Sep 2021 11:57 pmNeither do a few lucky nationalities that are exempt (thanks to free trade agreements).
The USA is on the list.
Thanks for the answer, malcontent. But there is no answer to my question "Why is buying a condo perceived as an investment for your own profit?" Sms, maybe you can explain. You were the one who said it a few messages earlier.
If there were no buyers, why would developers build the condominiums for?singaporeflyer wrote: ↑Tue, 07 Sep 2021 11:07 amHow is buying a condo going to contribute to Singapore? Anytime, when the price goes up, you may sell the condo, take the profit and leave
Sounds reasonable. For someone who waits for the moment to leavesingaporeflyer wrote: ↑Tue, 07 Sep 2021 11:07 amAnytime, when the price goes up, you may sell the condo, take the profit and leave
That is why Gov is very conscious to find out who are serious in staying here and then give PR.PartyLike-A-Russian wrote: ↑Tue, 07 Sep 2021 12:57 pm
Sounds reasonable. For someone who waits for the moment to leaveYou can say the same about PR renunciation. Work, enjoy your benefits, take your CPF and leave (hmmm, I think many do this actually).
There are many other factors that are taken into consideration when one decides to stay or leave, right?
Good cop bad cop situation. What if I am already serious after less than 3 years and don't want to wait for X years before reapplying.singaporeflyer wrote: ↑Tue, 07 Sep 2021 1:21 pmThat is why Gov is very conscious to find out who are serious in staying here and then give PR.
Low chance for now.Ahmed Ali wrote: ↑Wed, 22 Sep 2021 9:51 pmHello All,
Can you please help me understand my chances of getting PR approved.
Thank you so much in advance for your valuable input and kind help.
Myself:
Nationality: Pakistan
Age: 29
Education: Bachelors & ACCA (UK)
Profession: Business Controlling Manager (Budgeting, Forecasting, Financial Statements Preparation etc)
Current Employer: Large European MNC in Oil & Gas (18,000 headcount globally)
Salary: 130k (110k Fixed & 20k Variable)
Global Experience: 12 Years (Pakistan, UAE, Saudi Arabia & Singapore)
Years in Singapore: 2 Years
Tax Return submissions: 2
Wife:
Nationality: Pakistan
Age: 29
Education: Bachelors & Masters (Pakistan)
Profession: Application Support Engineer (Level 3 support for Fintech company)
Current Employer: Singaporean Company (less than 50 Headcount)
Salary: 70k (70k Fixed)
Global Experience: 4 Years (Pakistan & Singapore)
Experience in Singapore
Years in Singapore: 2 Years
Tax Return submissions: 1
Marriage duration: 4 years
Kids: 0
Apply and you have a decent chance. You may get it this time or after 1-2 more years.Vj050491 wrote: ↑Thu, 23 Sep 2021 11:12 pmHello Everyone,
I have been following this forum for a couple of months already. I would like to assess our chances of getting a PR, applied in July 2021. Last reject april 2019 after applying in oct 2018
My Spouse (primary applicant )
Age: 30
Ethnicity: Indian (Tamil)
Length of stay in Singapore: 6+ years
Education : Masters from SMU ( Data analytics)
Work experience: 8 +years (top 100 MNC )
Salary: 150k+
Visa: EP
Tax assessment: 4 years submitted
Spouse (me )
Age: 30
Ethnicity: Indian ( Tamil )
Education : NUS masters with MOE tuition grant
Prior 5 years of work experience in India in the IT domain
Employer : Public company (into big Data)
Salary: 78k+
Visa: EP
Tax assessment: submitting two years
His only sibling here (with family ) with PR status for 3+ yrs.
We have been married for three years and no kids now.
Think it was probably more of the latter, seems like the government is primarily concerned with making sure that residents are in good shape financially, everything else comes secondary.malcontent wrote: ↑Tue, 07 Sep 2021 12:45 pmBuying a condo doesn’t contribute economically to Singapore per se, but I can tell you that they took great interest in our owning a condo when my daughter was applying for PR under her mother. My wife spoke to the officer directly and this was one of the things they reviewed in detail.
I think one reason was because approving my daughter would effectively form a family nucleus that would make us HDB eligible.. and they seemed to be sensitive about regulating the demand on HDB flats, presumably to keep them affordable. The other reason is probably just evidence of our financial wherewithal, proof that we won’t risk becoming a burden to the state.
Seems like you have a fair chance, salary is okay, you are both dictated and relatively young. Chances may improve if you have a child.Vj050491 wrote: ↑Thu, 23 Sep 2021 11:12 pmHello Everyone,
I have been following this forum for a couple of months already. I would like to assess our chances of getting a PR, applied in July 2021. Last reject april 2019 after applying in oct 2018
My Spouse (primary applicant )
Age: 30
Ethnicity: Indian (Tamil)
Length of stay in Singapore: 6+ years
Education : Masters from SMU ( Data analytics)
Work experience: 8 +years (top 100 MNC )
Salary: 150k+
Visa: EP
Tax assessment: 4 years submitted
Spouse (me )
Age: 30
Ethnicity: Indian ( Tamil )
Education : NUS masters with MOE tuition grant
Prior 5 years of work experience in India in the IT domain
Employer : Public company (into big Data)
Salary: 78k+
Visa: EP
Tax assessment: submitting two years
His only sibling here (with family ) with PR status for 3+ yrs.
We have been married for three years and no kids now.
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