US Citizen student In-Principle PR Application

[txn_student]

I am a US Citizen and I'm interested in pursuing a Bachelors degree in Singapore. I ran across a subsection in the Permanent Residence section of the ICA website called In-Principle Permanent Residence Application for foreigners residing outside of Singapore who are interested in studying, working and living in Singapore. Can I actually pursue an education that leads toward PR in Singapore???? I can't find any solid information as to how I need to apply for this program. What would be the requirements to obtain In-principle Permanent Residence and what conditions do I need to fulfill before acquiring full Permanent Residence???? Any ideas???

Below is the snippet from ica

E) In-principle Permanent Residence Application
If you are a foreigner residing outside Singapore and are interested in studying, working and living in Singapore, you may apply for in-principle approval for permanent residence by submitting an application through:

SMC Management Consultants Pte Ltd
51 Cuppage Road
#04-06 StarHub Centre
Singapore 229469
Tel: 6722 1766
Fax: 6737 6341

http://www.smcmc.com