I am planning to apply for PR along with my wife and new born daughter sometime in mid 2013 based on the below profile:
Race:Indian
Income: Family income is close to 180,000SGD per annum but individually both me and my wife are P2 pass holders
Profession: Banking, wifey in with a local bank and myself in a foreign bank
Age:31 yrs both
In SG: Since June 2010
Girl child born in Singapore in Feb 2013
Please note that we have been rejected PR a year ago but at the point of application we were in singapore for only 1.5 years. Since then there have been a few changes in our candidature:
1) Salary increased significantly along with promotion
2) Baby girl child born (I know this is not a positive point wrt to our profile...but nevertheless its a great milestone for us

Thanks a ton for sharing your views/suggestions/advices guys.