Asked by Anonymous
Asked on 31 Dec 2019
Any other investment based suggestions that can support for an EP (Indian origin, Single) earning approx. 12k per month living in Singapore for 6 - 7 years help with a PR?
Working in a reputable company that is a "darling" of the SG govt but never applied as yet since everyone around me keeps getting rejected.
I don't think it's a wise move to buy a pty as a foreigner as the ABSD is too heavy.
And PR application has nothing to do with property ownership.
U need to apply first as the experience of ppl around u basically has no relation to yr success rate.
The formulae to attaining PR is a top secret government agenda.
There are no actual proven track records on how PR are given.
Some even say that your investment outside of Singapore could also affect their decision, such as remitting most of your salary back to India, or having multiple property elsewhere other than Singapore). But of course these are not proven as well.
More importantly, what value can you bring to the country?
This will be evident from your own work experience, your knowledge, skill sets and mind set.
If you are a businessman, what sort of business do you do?
If you are an employee, what have you contributed to your own company?
What kind of community work have you been involved in?
Focus on these 3 areas would be more fruitful than just buying property.
Hope this helps!
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Top Contributor (Jan)
There is no real data to indicate that investing in a property in Singapore will boost the rate of success to obtaining a PR status. Otherwise, all my clients who are holding onto an Employment Pass would have done the same and be PR by now.
Additionally, it may be worthy to note that you do not have to go through a third-party agency to apply for a PR and there is no proven fact on the success rate to this end.
Now, focus on you and the value that you are able to bring to Singapore's economy, and its growth for the future. All these takes time to build and it all depends on how determined you are to this end.
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