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REP got rejected.

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sundaymorningstaple
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Postby sundaymorningstaple » Sun, 15 Apr 2012 2:32 pm

From where I'm sitting, what I predicted right on this board around 4 years ago is rapidly coming to pass and is on the brink of starting the downward slippery slope back to becoming a part of Malaysia or just a backwater port but not a financial hub or anything else of any significance other than another Macau maybe - a gambling den.

My theories were based on the fact that as long a people are people and not "Human Capital" as the gubmint like to refer to them as, they are going to have feelings. However, the island cannot continue without any resources, including those of the human kind (the locals aren't procreating) so in effect they are forcing their own demise in the greedy ignorance. 40 years to reach the pinnacle and five years to bask in the sunshine and now a 40 year decline unless the local population comes to their senses. Even then, it probably will be too late as when the MNC shift to their neighbours, they won't be back. Once bitten twice shy.

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Postby skipper » Mon, 16 Apr 2012 10:22 am

So I guess my wife's REP and mine will most likely not be renewed? We became PRs last 2009 and we did not include our children (all boys). We just noted in our application that "we'll let them decide on their own in due time." They are now on student passes.

It may be too early to ask and the socio-political landscape may change but will this become an issue when we renew our REP in 2014? As REP renewal is done online, can it be determined that we have non-PR kids? If it helps at all in the online "assessment", my wife and I drawing more than $10K/month each so we do our bit in "contributing" to the SG economy..

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Postby sundaymorningstaple » Mon, 16 Apr 2012 11:09 am

It might be a little iffy if you are from a Western country. Personally, I have my doubts if it will be renewed however, a lot a space remains between today and 2014. The political landscape may well change between now and then. The signals you are sending to the gahmen is that you have no intention of making Singapore your long term home therefore, why keep up the charade. Stranger things have happened though, so you might skate. You "contribution" via IRAS isn't something that would make any tax department jump up and down with joy as you tax rates are still rather low. If you are buying a condo, that also doesn't help as it is helping you, not the gahmen. I'd make sure I had contingency plans. I hate being the sourpuss here, but I've been here a long time and seen lots of spiteful crap due to the spoiled citizens.

sms

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Postby skipper » Mon, 16 Apr 2012 12:23 pm

sundaymorningstaple wrote:It might be a little iffy if you are from a Western country. Personally, I have my doubts if it will be renewed however, a lot a space remains between today and 2014. The political landscape may well change between now and then. The signals you are sending to the gahmen is that you have no intention of making Singapore your long term home therefore, why keep up the charade. Stranger things have happened though, so you might skate. You "contribution" via IRAS isn't something that would make any tax department jump up and down with joy as you tax rates are still rather low. If you are buying a condo, that also doesn't help as it is helping you, not the gahmen. I'd make sure I had contingency plans. I hate being the sourpuss here, but I've been here a long time and seen lots of spiteful crap due to the spoiled citizens.

sms


What is long-term? 10 years, 15 years? We plan to stay/work here at least for the next 10 years (we're Asian) and yes, we're buying a condo as we're staying in one now.

If REP is not renewed, then we'll go back to EP's and we apply for PEP's..

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Postby sundaymorningstaple » Mon, 16 Apr 2012 12:36 pm

Well, PR stands for "Permanent" not "Temporary" Resident. So, if you booked in with only a 10 or 15 year time frame, that is what is getting up the craw of many locals. They call it PR abuse. Frankly, they do have a point. Unfortunately, with the advent of Social Media, the general population now hold the reins here and the PAP is going to bow to their wishes if they want to remain in power. So, given the Party's curent predicament, what would you do to mollify the local populace? Again, giving up PR doesn't mean you will automatically regain an EP or PEP for that matter. It's a pretty rough place to be at the moment, I'll admit. I can only give my thoughts on the matter, be they right or wrong...... :-|

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Postby skipper » Mon, 16 Apr 2012 1:44 pm

sundaymorningstaple wrote:Well, PR stands for "Permanent" not "Temporary" Resident. So, if you booked in with only a 10 or 15 year time frame, that is what is getting up the craw of many locals. They call it PR abuse. Frankly, they do have a point. Unfortunately, with the advent of Social Media, the general population now hold the reins here and the PAP is going to bow to their wishes if they want to remain in power. So, given the Party's curent predicament, what would you do to mollify the local populace? Again, giving up PR doesn't mean you will automatically regain an EP or PEP for that matter. It's a pretty rough place to be at the moment, I'll admit. I can only give my thoughts on the matter, be they right or wrong...... :-|


Thanks, SMS. We'll know in 2 yrs' time then..


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