Permanent Residents (PRs)

Singapore Raises Permanent Residency Threshold for Ultra-Wealthy Business Owners and Investors

The Singapore Economic Development Board (EDB) recently announced changes to the Global Investor Programme (GIP), significantly raising the threshold for ultra-wealthy individuals seeking permanent residency in Singapore as business owners or investors. The move is part of an effort to support local startups and create more job opportunities for Singaporean citizens. The GIP, first introduced in 2004,...

About 2300 PRs impacted by new cooling measures

According to official figures, about 2,300 Singapore permanent residents (PRs) who own Housing and Development Board (HDB) property will be impacted by the government’s latest round of cooling measures. From last Saturday (January 12), PRs owning HDB flats are no longer allowed to sublet their entire property even after the stipulated Minimum Occupation Period (MOP). Those PRs who have been already...

PRs help drive flat resale prices

HDB upgraders’ demand for condos outside central region could also rise AS SOARING rental rates add to their cost burden, more Permanent Residents (PRs) are snapping up Housing and Development Board (HDB) resale flats. “Two years ago, you would pay less than $1,000 a month in rent for a four-room flat but now, you would be paying almost $2,000,” said PropNex chief executive Mohamed Ismail. “If...

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