As a long-time and successful expert for the Singapore Permeant Resident (PR) application process, we commonly receive several concerns regarding being a Singapore PR along with the application process. Commonly many foreigners are keen to find out why so many of their peers are keen to become Singapore PRs beyond the surface level benefits.
Noticeably, there is ambiguity regarding the advantages that you would be in position to benefit from upon achieving Singapore PR status. This bit of knowledge is important as only upon attaining it would you start to wonder how to apply Singapore PR ?To grant clarity to this situation, we will be looking at some of the most notable benefits of being a PR in Singapore.
Marginal Crime Rates
The nation was placed 8th on the planet for criminal activity rates in 2015. This is mainly due to their strict punishments for corruption, drug offenses, and less severe offenses like cheating on a partner, which can lead to one year of imprisonment.
Enhanced Residential Property Options
Noncitizens are not eligible to buy HDB flats (public housing) and can only possess nonpublic housing such as landed residential properties or condos. Should you be interested to reside in a HDB, you should consider to apply PR Singapore.
Singapore PRs are eligible to purchase resale HDB apartments from existing property owners under the public scheme or non-citizen spouse scheme. The only requirement being that you would need to be a PR holder of a minimum of 3 years at the time of purchase.
Priority of Enrolling your Child in Public School
When taking in students, Singapore public schools provide priority to initially citizens, then PRs and lastly to non-residents. This suggests that as a non-resident, possibilities are that your child would not be admitted in a school of your preferred selection. It ought to likewise be kept in mind that unlike citizens or PRs, non-residents are not able to specify their choices of public schools during the enrolment exercise.
When comparing the tuition charges of public and private schools in Singapore, this point is specifically vital. Depending upon the schools selected, the difference in yearly tuition costs could amount to thousands.
The city isn’t perfect
There are, naturally, disadvantages. The Economist’s 2018 “Worldwide Expense of Living” study identified that Singapore is the most expensive city in the world. The research bases its standings on the cost for 160 services and products including food, drink, garments, rent, transport, and energies.
The high expense of living can make specific purchases out of reach. Imported vehicles are much too costly due to high prices, vehicle tax, gas, and parking fees. A Certificate of Entitlement, which allows a person to buy a vehicle, can rise to $43,000 for 10 years, according to BBC. Half of expats informed HSBC Expat that they can’t afford a property in Singapore.