If the shoe fits....... I wear it. Not a fortune teller, but an HR & Finance Manager for a medium sized SME with lots of anecdotal evidence.gpsskr wrote:fortune teller or a moderator?
Actually SMS, ICA lets people in on 5 year LTVP if they have some savings and buy an apartment here.sundaymorningstaple wrote:
As far as you having savings is concerned, you could blow that on the Stock Market in one night. That's not what concerns the government. Are you contributing anything to Singapore's economy? No. So why should they let you in?
PPF, I was/as aware of that as well, but frankly the OP does not sound like the kind of guy who has those kinds of funds. If he does, that I would find it difficult that he's not able to come in on his own merits. Something just doesn't wash, and obviously ICA also feels the same way.ProvenPracticalFlexible wrote:Actually SMS, ICA lets people in on 5 year LTVP if they have some savings and buy an apartment here.sundaymorningstaple wrote:
As far as you having savings is concerned, you could blow that on the Stock Market in one night. That's not what concerns the government. Are you contributing anything to Singapore's economy? No. So why should they let you in?
"own a property / properties in Singapore worth at least S$500,000 (in total) for residential purposes and meet any one of the following financial requirements:
* have savings of at least S$400,000 parked in Singapore in any form of financial instruments based in Singapore, or
* show evidence of a monthly local income of at least S$7,000, or
* have a combined, savings and 5-year equivalent income of at least $400,000."
It looks like it is as easy as ABC, just put half a million of your savings to an apartment in Singapore, and another 400 000 local dollars in shares or funds etc in Singapore.
For this category it requires the mature age of 45+ but if you're under 45 ask your parents to apply and move with them.
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