Holding property in singapore

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jansriku
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Holding property in singapore

Post by jansriku » Wed, 30 Dec 2009 7:30 pm

When further extension of PR is not granted, should he sell his properties before leaving to his country?

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sundaymorningstaple
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Post by sundaymorningstaple » Wed, 30 Dec 2009 9:08 pm

PR does not expire. Only the re-entry permit does. However, if you leave the country and your re-entry permit expires while you are outside the country, then the government will deem you to have renounced your PR. If you are holding private property I believe you are able to keep it. However, I believe the HDB will reclaim your HDB Flat if you have purchased and either refund you the balance if any after paying off the balance of the mortgage.

I cannot swear by this though as I know in the past one had to give back or resell on the open market but that's been a few years ago.

Two posts and already trying to see how it possible to abuse the system here huh? A dollar to a donut, I'll bet you are from the subcontinent! :roll:

sms

One could almost see why MentalDwarf has the attitude he has.
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

jansriku
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Post by jansriku » Thu, 31 Dec 2009 1:41 am

Thanks a lot :wink:
:lol: Bad guess... not from THE subcontinent!!!!! Have been reading few things... and it was just a doubt! never mind!

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