Just because it might not make sense to stay here on EP for a long term, it does not mean that people will completely stop coming. It's still possible to come and enjoy the stay, without a plan to settle for good.malcontent wrote: ↑Sun, 28 Aug 2022 4:53 pmIt normally does not make economic sense for an EP holder to stay here long-term without financial support. Even many locals are unable to afford living here without financial support from their parents initially and the government via HDB eventually.
At my employer, hiring an EP locally almost never happens anymore. The vast majority of EP holders are brought in from overseas offices and given some sort of expat package. In the rare instances where we hire an EP locally, it is usually a trailing spouse who came on a DP, and their EP holding spouse already has support.
I think this reduction in locally hired EP holders is at least partly driven by other key policy changes. The ABSD policies signal that EP holders are expected to rent rather than buy. The local school fee policies and availability of seats signal that EP holders are expected to put their kids in International School.
Hiring local EPs is nothing uncommon, it happens all the time. But maybe not so much in MNCs.