Because of the lower stamp duty fee, PR’s can afford to purchase a property. They only pay half the stamp duty in comparison with a foreigner. In fact, citizens pay less than half of what the PR is paying. Singapore PR‘s also can take benefit of better housing loans and schemes.
Singapore’s high standing as one of the world’s greatest economies also makes it a very costly metropolis to reside in. In actual fact, Singapore has retained its position because the world’s most costly city 5 years straight, based on The Economist Intelligence Unit’s (EIU) Worldwide Cost of Living Survey for 2018. It outranked Paris, Zurich, Oslo, Geneva, and Copenhagen in Europe, in addition to Hong Kong and Seoul in Asia, Tel Aviv, and Sydney, which comprise the top 10 cities.
While there are not any publicly mentioned practices of ICA of using social integration as a factor when it comes to them approving PR functions, it generally is a differentiating factor. Though social integration shouldn’t be a robust sufficient case to beat a weak profile reminiscent of barely there salary and academic levels, it may be particularly useful for applications which ICA is on the fence about, and demonstrating that with clear proof could be the pushing level ensuing in the approval of your standing over others.