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Immigrating to Singapore

Benefits of Being A Singapore Permanent Resident

You always see me writing about the benefits of living in Singapore as a permanent resident. I recommend you look for a professional PR application agency Dream immigration SG to become a Singapore permanent resident. Here are some of the benefits that you too will get as a permanent resident in Singapore!

You get to save on property taxes as a Singapore PR

As a PR, you will pay significantly lower property taxes when it comes to real estate purchases in Singapore. Foreigners will need to pay extremely hefty additional buyer stamp duty taxes in Singapore, which is significant considering how overpriced property in SG already is in general. Foreigners also have the most limited choices when it comes to real estate which they are allowed to purchase.

However, just by being a permanent resident in Singapore, you will be able to reap tax savings of over $100,000 SGD when it comes to most private property purchases. This meant that even if you had to spend $50,000 (which you obviously do not need) on PR application, you would still save big simply by getting your Singapore PR status approved.

You get almost all of the citizens benefits without any of the downsides

As a Singapore PR, you get virtually the same benefits as a full Singaporean citizen get. Medical priority, grants and more. The only things you will not be able to benefit from is buying Housing and Development Board (HDB) flats at first hand subsidized rates. However, from my experience, most Singapore PR live in condos or landed property anyway, so this benefit is pretty much a moot point.

Additionally, as a first generation PR, if you are a guy, you are not obliged to serve in the military. As a permanent resident, the choice of serving is in your hands. Frequently touted as the main and only downside of a Singaporean citizenship, mandatory conscription is not applicable to you. But, you can still join if you wish to. Is that not amazing? You still get to choose to go for it if you want to, but you can avoid this ‘only downside’ of a citizenship by being a Singapore PR.

Able to easily send your children to local Singapore schools

Singapore is well known to have one of the best educational systems in the world. With little to no political interference in schools, Singapore’s schools are designed to churn out the best academic performers in the world. Additionally, Singapore’s schools are also very safe for children – both public and private schools. Therefore, as a Singapore PR, you can utilize this benefit for your children.

Categories
Immigrating to Singapore

Apply For A Singapore PR Early If You Can

I am a big supporter of being a Singapore permanent resident, though it will be harder to get a Singapore PR application approved in the coming years or decade to come. That is why you should apply for a PR status as soon as possible if you intend to live in Singapore over the long term. The following are reasons why I strongly believe it will only get harder to get a Singapore PR over time.

Increasing nationalistic sentiments in Singapore will cause criteria for permanent residence in SG to increase in future

An increasing amount of countries around the world including Singapore are seeing increased nationalistic sentiments. As a result, incumbent government parties or newly minted government parties are now placing more priority for jobs and more are given to local citizens and permanent residents first – which is also the case in Singapore. However, to achieve this, the qualifying criteria for new permanent residents in Singapore also have to be increased steadily but surely over time – so as to sustain steady immigration growth while keeping its citizens and residents happy.

Singapore is largely a relatively right wing, conservative and capitalistic country and nation since its founding in 1965. Ever since then, it has embraced globalism for a while, though that quickly backtracked in the last one to two decades, as that only drove up prices of local property, and gave priority to foreigners over locals for jobs. As a result of that, the government has quickly pivoted back to its roots and putting its own citizens and permanent residents first.

However, being a country which is heavily dependent on international trade, it cannot depend solely on local demand to drive its economy. Therefore, it still has to take in new citizens and permanent residents to keep its population strong, and economy moving forward. One thing that the local Singapore government is trending strongly towards, is increasing the qualifying criteria for work passes – for instance the E Pass and S pass issued by ICA. This trend is then expected to flow over to the eligibility requirements for permanent residency too.

If you too, enjoy living in Singapore, and you are already here on a E pass or S pass, I strongly recommend that you apply for a Singapore PR as soon as you can – if you eventually intend to get it anyway. As mentioned above, it is only expected to get tougher to get a Singapore PR status over the coming years.

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Immigrating to Singapore

5 Popular Districts In Singapore For Immigrants To Live In!

Here are the five most popular hotspots that many new permanent resident immigrants or even expats to Singapore love to stay at! There are no rental restrictions at all in Singapore, however, you may want to read whether foreigners are allowed to buy property in Singapore if purchasing is what you are looking at instead.

Holland Village

One of the most popular places since years or even decades ago among new permanent residents and expats alike, Holland Village has an entire neighbourhood and town which closely resembles the setting and vibes of many Western suburban towns around the world.

With lush greenery all around, luxury residences and good food, it has consistently ranked most highly among new permanent resident immigrants in Singapore as the most popular spot for them to live at in Singapore.

New immigrants and their school aged children tend to want to live around this prestigious district in Singapore.

Clarke Quay

Situated right at the heart of many bars, clubs and night entertainment venues, the residences around this Clarke Quay area is hotly popular among expats. While most permanent residents prefer slightly quieter but still vibrant places such as Holland Village, short term expatriates tend to love living around the Clarke Quay area.

East Coast

This is another popular place in Singapore where many new Singapore PR like to stay at. The East Coast of Singapore is especially popular with younger permanent resident families, as it offers equally good food, good schools and similar vibes to that of Holland Village district of Singapore, but is generally slightly cheaper to buy or rent here. Additionally, it is also more convenient to access multiple heartland shopping areas from the East Coast regions rather than Holland Village area.

Tanjong Pagar

While some new Singapore PR opt to stay in Tanjong Pagar district – which is still considered part of the Central Business District of Singapore, it is largely populated by foreigner expats. This is because most expats have their working offices within the CBD area of Singapore, and rent a place nearby so as to offer themselves easy access to workplace to reduce commute time.

Sentosa

This used to be a big hotspot for a new immigrant to Singapore to want to live at – until the prices for both rentals and purchases for properties on Sentosa island skyrocketed till prices that can even make the priciest New York penthouse pads look dirt cheap.

There was a big crash in prices afterwards, and nowadays, Sentosa is relatively sparsely populated, but the bulk of the people living there are still mostly new permanent residents or expats, and rarely any native born Singaporeans.

However, something unique about real estate or properties on Sentosa is that they are all only 99 years leasehold tenure, and the tenure for most landed properties and condo developments mostly started over a decade ago. There are also absolutely zero restrictions on the citizenship status of the buyers when it comes to landed property on Sentosa. That is unlike the case on mainland Singapore. When it comes to residential purchases on mainland Singapore, only naturalized Singaporean citizens or permanent residents who have had their Singapore PR status for over 5 years can apply to the Singapore Land Authority for permission to buy landed real estate.

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Immigrating to Singapore

Life Goes On In Singapore – Reopening Hurray!

Life in Singapore since July 2020

As you can see from my last post, I have immigrated to Singapore, where I had held a permanent residency since 2008, which was quite a long time ago – over a decade!

Now, it has been tumultuous months for many people, and for many countries around the world.

How about Singapore? Thankfully, it is going pretty well since, and I will share more of what happened below in Singapore.

Since July 2020, there was the General Elections in Singapore, and the end result was that the PAP still formed the government, but lost significant traction to the Worker’s Party.

Alright, enough of politics, let us move on to actual life stuff.

Singapore has been very steadily and progressively reopening the country, and has since seen no detected spike in cases, and that is a welcome relief. Whether that is actually very few actual cases in reality, or just very few detected cases, no one knows for sure. But boy, I’m glad that the local Singaporeans are not as paranoid as people of other countries, perhaps especially compared to current Democrat states in the USA – particularly California! Then again, I have never lived there.

Ever since my last post, Singapore has been reopening, and has fully entered Phase 2, which is basically resumption of nearly all activities except for stuff like opening night clubs and all, though Phase 3 is going to start soon and is expected to happen sometime in October 2020. I guess it’s time for me to start dating Singapore girls!!! Just kidding, I’m married to a beautiful Singapore woman.

I am so happy I made the choice of having lived in SG, and instead of draconian and ridiculous lockdowns happening, it is safe and relatively fast reopening! Life goes on!

Categories
Immigrating to Singapore

Migrated to Singapore

Hey everyone! This is Mitchell.

After the lockdowns in 2020 hit, it became too difficult to continue running my business online selling hardware with all the logistics nightmare all around the world.

Thankfully, I have built up a sizeable financial reserves and decided to live in Singapore, where I got a permanent residence since 2008.

As a result of that, I have decided to, like many expats have done so, to simply retire in Singapore!

Luckily for me, Singapore seems to be recovering quickly from the lockdowns, and many of the establishments and businesses locally are reopening now!

In fact, Singapore is even having its Elections this coming weekend! Not that I have anything to do with it anyway, as I am not a citizen but a Singapore permanent resident only.

Anyway, cheers, as I convert this business website into my personal blog about living in Singapore instead.

In meantime, thank you so much for the years for supporting!

And look forward to sharing more posts with you on this site now…