Property
A curb to foreign tenant demand and increase in housing supply
By Investment Moats  •  September 22, 2014

While taking the train to work yesterday, I have no choice but to look at the smartphone screen of a hip Caucasian guy. Apparently he was telling another person that his PR application was not approved and can only work on employment pass.

I find this interesting, as I am not sure the government is paying lip service when they say they will control the migration situation.

I might be bias, but these expats tend to be the ‘more talented’ of the foreign talents. So it was surprising that this was not approved.

On a separate note, a friend recounted that a friend who lives in New Zealand, comes to Singapore applying for PR application. The husband is an accountant with a bank while the wife is a qualified pharmacist. Their application is also rejected and have to go back to New Zealand.

The rules put in place in Aug ...

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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