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Source: https://iasg.com.sg/feed/

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<title>Singapore’s Stock Market & IPO Opportunities</title>
<link>https://iasg.com.sg/singapores-stock-market-ipo-opportunities/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 19 Sep 2025 02:54:03 +0000</pubDate>
<category><![CDATA[Investment News]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9182</guid>
<description><![CDATA[Singapore has recently announced a big injection of funds to boost its stock market. Can a foreigner take this opportunity to invest in Singapore? 
The post <a rel="nofollow" href="https://iasg.com.sg/singapores-stock-market-ipo-opportunities/">Singapore’s Stock Market & IPO Opportunities</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[With more <a href="https://www.channelnewsasia.com/commentary/sgx-delistings-ipo-investor-confidence-equities-liquidity-low-valuation-5119161" target="_blank" rel="noopener">companies exiting Singapore’s stock market</a> and dismal Initial Public Offering (IPO) market growth, Singapore is finally taking efforts to boost this sector. Earlier this year, the Monetary Authority of Singapore (MAS) announced a <a href="https://www.channelnewsasia.com/singapore/mas-sgx-stocks-singapore-investing-4951411" target="_blank" rel="noopener">$5 billion injection</a> to boost and develop the Singapore stock market. The goal is to increase the Singapore Exchange’s (SGX) attractiveness to investors and increase trading. One of the ways to achieve this goal is to attract local and regional companies to list in the SGX. Starting with a portion of <a href="https://www.straitstimes.com/business/companies-markets/spore-stock-market-climbs-after-mas-allocates-1-1b-to-3-fund-managers-for-small-cap-investments" target="_blank" rel="noopener">$1.1 billion</a>, the stock market has already seen an anticipated bull run in recent weeks. Why is this necessary and how does it contribute to Singapore’s economy?
<h2>Recent Results From MAS’s Boosts 2025</h2>
<h3>STI Hits Record Highs Amid Investor Optimism</h3>
Singapore’s stock market is riding a wave of optimism in 2025, with the Straits Times Index (STI) recently hitting record numbers and the SGX posting its best annual earnings in 25 years. At the same time, the city-state’s sluggish initial public offering (IPO) market is <a href="https://www.reuters.com/world/asia-pacific/singapore-exchange-posts-record-profit-sees-strongest-ipo-pipeline-years-2025-08-08/" target="_blank" rel="noopener">showing some positive uptick</a>.
The STI reached an all-time closing high of 4,273.05 on 24 July 2025, climbing nearly 37% over the past year. Analysts attribute this rally to a combination of attractive valuations, strong dividend yields, and Singapore’s enduring reputation as a safe investment haven. J.P. Morgan recently upgraded Singapore equities to “overweight”, projecting that the STI could rise further to around 4,200 points in the near term.
<h3>SGX Delivers Record Earnings</h3>
The bullish sentiment has been mirrored in corporate earnings. SGX reported an adjusted net profit of S$609.5 million and revenue of S$1.3 billion for its latest financial year, marking its highest earnings since 2000. This performance was driven by robust trading across equities, currencies, and commodities, underpinned by supportive government policies and a steady flow of foreign capital.
<h2>Role in Singapore’s Economy and Financial Markets</h2>
A well-functioning stock market plays a crucial role in Singapore’s economy and GDP growth. By providing companies with a platform to raise capital through equity financing, the SGX supports business expansion, innovation, and job creation – the key drivers of economic output. The stock market also deepens liquidity in the financial system, enabling more efficient allocation of resources.
For the government, a vibrant equity market strengthens Singapore’s fiscal position indirectly, as business growth translates into higher corporate tax receipts and greater economic activity across supporting industries such as banking, legal services, accounting, and financial technology.
On a broader scale, the performance of the SGX has a ripple effect across Singapore’s financial markets. Strong equity activity often boosts related segments such as derivatives trading, private wealth management, and asset management, while also increasing demand for financial products like bonds, ETFs, and REITs.
<h2>Strengthening Singapore’s Global Financial Hub Status</h2>
The stock market’s health also underpins Singapore’s global standing as a <a href="https://iasg.com.sg/financial-industry-in-singapore-and-the-role-of-immigration/">leading financial centre in Asia</a>. Alongside Hong Kong and Tokyo, Singapore is frequently ranked among the top financial hubs in the region. A robust equity market not only attracts foreign direct investment but also encourages multinational corporations to use Singapore as their Asia-Pacific headquarters.
The country’s transparent regulatory framework, political stability, and innovative market infrastructure further enhance its competitiveness, ensuring that <a href="https://iasg.com.sg/global-investor-programme/">global investors</a> see Singapore as a gateway to Southeast Asia’s fast-growing economies.
<h2>Challenges on the Global Stage</h2>
Despite its domestic resilience, Singapore’s stock market is less dominant on a global platform. In terms of market capitalisation and daily trading volumes, SGX lags far behind major exchanges such as the New York Stock Exchange, Hong Kong Stock Exchange, and Australian Securities Exchange.
This relative underperformance stems from Singapore’s small economic size, its concentration in mature, dividend-focused sectors, and strong competition from other Asian exchanges for high-profile listings. These factors have made it challenging for Singapore to appear among the top-performing stock markets globally, even when the STI posts strong returns.
<h2>Opportunities in the Singapore Stock Market</h2>
Within these constraints lie unique opportunities. Singapore’s market offers one of the highest dividend yields in Asia, averaging around 5%, thus making it attractive to income-focused investors as global interest rates moderate.
The country’s strong REIT sector, backed by high-quality assets in logistics, data centres, and hospitality, continues to draw long-term investors seeking stable cash flows. Meanwhile, government efforts to attract technology, green energy, and biotech listings could diversify the market’s sector mix and position SGX to benefit from megatrends such as digital transformation and sustainability.
<h2>How Investors Can Liven Up the Market and Profit</h2>
Analysts say both local and foreign investors can help boost market vibrancy by:
<ul>
<li style="font-weight: 400;" aria-level="1">Supporting IPOs: Participating in new listings, especially in growth sectors, adds liquidity and visibility to the market. 
</li>
<li style="font-weight: 400;" aria-level="1">Broadening sector exposure: Allocating capital to underrepresented industries like tech, biotech, and clean energy can encourage more diverse listings. 
</li>
<li style="font-weight: 400;" aria-level="1">Engaging in secondary market trading: Higher turnover supports price discovery and market depth, making SGX more attractive to global funds. 
</li>
<li style="font-weight: 400;" aria-level="1">Promoting ESG investing: Backing companies with strong environmental, social, and governance credentials can align the market with global investment trends. 
</li>
</ul>
By actively engaging in these areas, investors can not only generate returns but also contribute to Singapore’s reputation as a dynamic and forward-looking capital market.
<h2>Can Global Investor Programme (GIP) Candidates Participate in the Singapore Stock Market?</h2>
Yes, GIP candidates, especially those applying under Option C (Single-Family Office), are required to invest in approved investment categories in Singapore. Among these, equities (including those listed on SGX, such as equities, REITs, or Business Trusts) are one of the investment options. 
<h2>IPO Market Showing Tentative Recovery</h2>
While the secondary market is thriving, the primary market has only just begun to show signs of recovery. In 2024, Singapore saw just four IPOs, all on the SGX Catalist platform, raising a combined US$30 million and making it the smallest IPO tally in Southeast Asia that year.
This year, a key milestone came in July with the listing of <a href="https://dollarsandsense.sg/things-know-about-ntt-dc-reit-singapores-largest-reit-ipo-over-decade/" target="_blank" rel="noopener">NTT DC REIT</a>, a global data centre trust backed by Japan’s NTT Group, which raised US$773 million. It was Singapore’s largest IPO since 2021. The SGX is now tracking more than 30 companies preparing to list, with some offerings projected to raise between S$600 million and S$1 billion.
<h2>Measured Optimism for 2025 and Beyond</h2>
The market’s trajectory is one of measured optimism due to MAS’s support and fund injection. Whether the IPO revival gains momentum will depend on the success of early entrants and the ability of new listings to sustain investor confidence.
What is clear is that Singapore is doubling down on its ambition to be a leading capital market in Asia. With the secondary market performing strongly, the IPO pipeline building, and the stock exchange playing a pivotal role in the broader economy, 2025 may mark the start of a more vibrant era for the SGX – one that strengthens both the nation’s GDP and its status as a premier financial hub, while unlocking new opportunities for investors at home and abroad.
The post <a rel="nofollow" href="https://iasg.com.sg/singapores-stock-market-ipo-opportunities/">Singapore’s Stock Market & IPO Opportunities</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9182</post-id> </item>
<item>
<title>Do New Citizens Feel Discriminated in Singapore</title>
<link>https://iasg.com.sg/do-new-citizens-feel-discriminated-in-singapore/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 12 Sep 2025 02:21:47 +0000</pubDate>
<category><![CDATA[PR & Citizenship]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9178</guid>
<description><![CDATA[Are new citizens discriminated in Singapore? How and why does it happen? IASG explains how new citizens can blend in and be accepted by locals.
The post <a rel="nofollow" href="https://iasg.com.sg/do-new-citizens-feel-discriminated-in-singapore/">Do New Citizens Feel Discriminated in Singapore</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[The question of whether new citizens feel fully accepted in Singapore is more than just a matter of statistics. It is a conversation about belonging, identity, and the unspoken social boundaries that exist beneath the city-state’s multicultural image. While Singapore’s laws guarantee equality before the law and forbid discrimination based on race, religion, descent, and place of birth, the lived experiences of many new citizens tell a more complex story.
<h2>4 Instances of Discrimination For New Citizens</h2>
<ul>
<li aria-level="1">
<h3>Social Acceptance: The Unseen Divide</h3>
</li>
</ul>
Surveys have revealed that locals often hold lingering reservations toward new immigrants, even after they take up citizenship. A 2021 <a href="https://lkyspp.nus.edu.sg/docs/default-source/ips/ips-exchange-series-22.pdf" target="_blank" rel="noopener">IPS – CNA study</a> found that Singaporeans were less inclined to socialise or do business with new citizens compared to those who are born locally, even when they share the same ethnicity. This sentiment is particularly pronounced for certain groups, new citizens from India, for example, were the least likely to be welcomed as tenants, with only around a third of respondents willing to rent them a room, and less than half willing to rent them an entire property.
<ul>
<li aria-level="1">
<h3>Personal Stories Behind the Statistics</h3>
</li>
</ul>
Personal testimonies add depth to these findings. In interviews with Rice Media, several new citizens described how their Singaporean identity is frequently questioned, even after decades of residence. Maithili, who had lived in Singapore for 22 years before becoming a citizen, recounted being told that she was “not truly a Singaporean.” Raj, another interviewee, recalled being excluded from certain education benefits because he was still a Permanent Resident at the time, despite having served National Service and contributed through taxes. For many, these experiences create a quiet but persistent sense of being on the margins.
<ul>
<li aria-level="1">
<h3>The Role of Racial Categories</h3>
</li>
</ul>
Part of the difficulty lies in Singapore’s rigid ethnic categorisation system, which places everyone into one of four official racial categories: Chinese, Malay, Indian, or Others. The Singapore government implements this racial quota to ensure and maintain racial harmony within society. Straying away from this proven formula might cause new challenges and internal conflicts that may affect Singapore’s consistent economic development and traction.
For new citizens whose backgrounds do not fit neatly into these classifications, the system can flatten complex identities and hinder deeper integration. On top of this, surveys show that nationality-based prejudice is perceived to be on the rise, even if it remains less common than racism or ageism.
<ul>
<li aria-level="1">
<h3>Legal Protections Versus Social Reality</h3>
</li>
</ul>
It is important to note that the legal framework in Singapore is designed to protect against overt discrimination, and integration efforts such as the Singapore Citizenship Journey aim to bridge divides. Yet social acceptance is harder to legislate. While many new citizens eventually form strong community bonds and feel at home, others continue to encounter subtle signals that their “Singaporean-ness” is conditional – accepted in some spaces, questioned in others.
<h2>7 Reasons That Brew Discontent Amongst Singaporeans</h2>
<h3>1. Economic Competition</h3>
Singapore has a highly competitive job market, and the <a href="https://iasg.com.sg/local-job-security-and-ceca-misunderstanding/">influx of foreign workers</a> and professionals over the past two decades has fuelled perceptions that locals are being edged out of opportunities. Even when data shows that citizens are prioritised for certain roles, the visible presence of expatriates in high-paying jobs or foreigners in service sectors can lead to resentment. This sentiment can spill over to new citizens, especially if they are perceived as having “taken” a spot in both employment and citizenship quotas.
<h3>2. Housing and Cost-of-Living Pressures</h3>
Many Singaporeans link <a href="https://iasg.com.sg/can-singapore-prs-buy-hdb-flats/">rising property prices</a> and rental costs to an influx of foreign residents. Even if the actual impact is debated, the perception is strong. Since housing is central to Singaporean life and a large part of financial security, any suggestion that newcomers contribute to price hikes can deepen resentment.
<h3>3. Cultural and Social Friction</h3>
Singapore’s social fabric is built on shared norms such as queueing, speaking softly in public, following hawker centre etiquette, and respecting multi-ethnic harmony. When newcomers, especially those from cultures with different public behaviour norms, are seen as disregarding these unwritten rules, it can trigger frustration. This is amplified by viral social media clips of isolated incidents, which shape broader stereotypes.
<h3>4. Perception of Unequal Contribution</h3>
Some locals believe that certain new citizens enjoy the benefits of citizenship without having shared in the “nation-building years” of hardship such as National Service, early infrastructure development, or past economic struggles. This narrative positions them as “parachuting in” to enjoy the fruits of earlier sacrifice without equal contribution.
<h3>5. National Identity and Belonging</h3>
Singapore’s national identity is still evolving, and for some citizens, “being Singaporean” is tied to birthplace, schooling, and shared lived experiences. New citizens may be seen as outsiders if they retain strong ties to their country of origin, speak mainly in their native language, or socialise only within their own communities.
<h3>6. Past Negative Experiences with Foreigners</h3>
On an individual level, personal encounters can cement a negative image. Over time, these individual grievances can generalise into prejudice toward whole nationalities or the broader category of “foreigners.”
<h3>7. Political Narratives and Media Framing</h3>
Discussions about immigration in Singapore are often politically sensitive, especially during election seasons. Statements about “calibrating the inflow” or “foreign talent policies” can unintentionally frame foreigners as a problem to be managed, which reinforces public suspicion or hostility toward them.
<h3>How New Citizens Can Blend In Better</h3>
While social acceptance depends on both sides, there are practical ways for new citizens to integrate more smoothly and live like a true-born Singaporean. Immersing in local culture is key. This means not just celebrating National Day but also understanding the significance of events like Chinese New Year, Hari Raya Puasa, and Deepavali, and taking part in them alongside neighbours and colleagues. Picking up Singlish expressions and common local phrases can also help break the ice in everyday interactions, creating an immediate sense of familiarity.
Building friendships beyond one’s own ethnic or national community is another important step. Volunteering with grassroots organisations, Residents’ Committees, or community events can offer opportunities to connect with locals on a deeper level. Embracing local food culture often opens doors to casual conversations that form the foundation of stronger ties.
Finally, showing a genuine interest in Singapore’s history, policies, and current affairs can signal long-term commitment to the country. Locals are more likely to see a new citizen as “one of us” when they demonstrate care for the nation’s well-being and actively participate in civic life, from voting to joining neighbourhood initiatives. Contribution to Singapore also goes a long way for Singaporeans to accept new citizens and even foreigners into the fold.
<h3>Discriminated in Singapore as a New Citizen</h3>
Discrimination is not universal, and Singapore’s multicultural ethos has created many avenues for new citizens to belong. But for a significant number, the journey to being seen as fully Singaporean does not end with a citizenship certificate. It is an ongoing negotiation between legal belonging and social acceptance. While Singapore has progressed in many ways economically, its social ethos still need work and this requires people as at levels – the government, locals and foreigners to work together towards one common identity.
The post <a rel="nofollow" href="https://iasg.com.sg/do-new-citizens-feel-discriminated-in-singapore/">Do New Citizens Feel Discriminated in Singapore</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9178</post-id> </item>
<item>
<title>Participating in Singapore’s Real Estate Industry As A Foreigner</title>
<link>https://iasg.com.sg/participating-in-singapores-real-estate-industry-as-a-foreigner/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 05 Sep 2025 01:58:10 +0000</pubDate>
<category><![CDATA[Business News]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9172</guid>
<description><![CDATA[ Can a foreigner work in Singapore's real estate industry? IASG reveals the opportunities available and how to take advantage of it as a foreigner.
The post <a rel="nofollow" href="https://iasg.com.sg/participating-in-singapores-real-estate-industry-as-a-foreigner/">Participating in Singapore’s Real Estate Industry As A Foreigner</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[The real estate industry in Singapore plays a vital role in shaping the nation’s economic landscape. As a land-scarce, high-density city-state, Singapore’s approach to real estate is marked by meticulous planning and management, strict regulations, and continuous innovation. This sector encompasses residential, commercial, industrial, and retail properties, and it serves as a magnet for both domestic and international investors.
<h2 dir="ltr">How the Real Estate Sector Works in Singapore</h2>
<h3 dir="ltr">Regulatory Framework & Management</h3>
Singapore’s real estate ecosystem is heavily regulated and deeply integrated with its national development goals. The Urban Redevelopment Authority (URA) is the key agency responsible for land use planning and zoning, while the Housing and Development Board (HDB) manages the development and maintenance of public housing. Approximately 80% of Singapore’s resident population live in HDB flats, showcasing the state’s dominant role in the residential segment.
In the private sector, property developers, <a href="https://www.reitas.sg/singapore-reits/overview-of-the-s-reit-industry/" target="_blank" rel="noopener">real estate investment trusts</a> (REITs), agents, and consultancies drive the buying, selling, and leasing of private residential, commercial, and industrial properties. Land ownership in Singapore is categorised into freehold and leasehold, with most government-sold land being on 99-year leaseholds. The government releases land through the Government Land Sales (GLS) programme, which developers bid for in a transparent and competitive process. This ensures that land supply is carefully managed to meet demand without overheating the market.
<h3 dir="ltr">Working in the Real Estate Industry in Singapore</h3>
Real estate agents must be registered under the Council for Estate Agencies (CEA), which sets standards for professionalism, training, and ethical conduct. This regulatory framework fosters a transparent and trusted marketplace, where consumers can transact with confidence.
<h4 dir="ltr">a. Opportunities & Roles For Foreigners</h4>
<ul>
<li dir="ltr" aria-level="1">
Real estate agents
</li>
<li dir="ltr" aria-level="1">
Property investment analysts
</li>
<li dir="ltr" aria-level="1">
Asset/portfolio managers
</li>
<li dir="ltr" aria-level="1">
Architects, surveyors, urban planners
</li>
<li dir="ltr" aria-level="1">
Construction and project management roles
</li>
<li dir="ltr" aria-level="1">
Real estate legal and compliance professionals
</li>
<li dir="ltr" aria-level="1">
PropTech developers
</li>
</ul>
<h4 dir="ltr">b. Work Passes Required</h4>
<ul>
<li dir="ltr" aria-level="1">
Employment Pass (EP): For professionals earning at least SGD 5,600 to 10,700 per month, depending on age at application. This information is true as of August 2025 – there may be changes in future.
</li>
</ul>
<h4 dir="ltr">c. Accreditation and Licensing</h4>
<ul>
<li dir="ltr" aria-level="1">
Real Estate Agents: Must be Singaporean/PR and pass CEA’s RES exam
</li>
<li dir="ltr" aria-level="1">
Engineers, Architects: Must register with relevant professional boards (e.g., BOA, PE Board)
</li>
</ul>
<h4 dir="ltr">d. Industry Expectations</h4>
<ul>
<li dir="ltr" aria-level="1">
High ethical standards and regulatory compliance (governed by URA, CEA, BCA)
</li>
<li dir="ltr" aria-level="1">
Familiarity with government land sales (GLS) and zoning laws
</li>
<li dir="ltr" aria-level="1">
Emphasis on sustainability and smart building technologies
</li>
</ul>
<h2 dir="ltr">Contribution to Singapore’s Economy</h2>
<h3 dir="ltr">Gross Domestic Product (GDP) & Related Industries</h3>
The real estate industry contributes significantly to Singapore’s Gross Domestic Product (GDP), employment, and investment inflows. As of recent years, the construction and real estate services sector accounts for over 10% of GDP. Apart from the buying and selling of properties, the sector also indirectly supports other industries such as legal, banking, architecture, interior design, and facilities management.
<h3 dir="ltr">REITs Market</h3>
In the financial markets, Singapore has become a major hub for REITs. The Singapore Exchange (SGX) hosts a vibrant REIT market, with many trusts investing in not only domestic properties but also global assets. This has made real estate a key asset class for institutional and retail investors, boosting liquidity and creating wealth opportunities.
<h3 dir="ltr">Consistent Development Projects</h3>
Furthermore, real estate development and investment are closely tied to infrastructure projects and urban renewal. Projects like the Greater Southern Waterfront, Punggol Digital District, and Jurong Lake District are examples of real estate-led economic strategies aimed at decentralising business activity and driving long-term growth.
<h2 dir="ltr">Foreign Participation in the Industry</h2>
<h3 dir="ltr">Buying Real Estate Properties</h3>
Foreigners are allowed to participate in Singapore’s real estate industry in various capacities, although certain restrictions apply. Foreign individuals can buy private condominium units and commercial properties without much limitation, although Singapore’s Additional Buyer’s Stamp Duty (ABSD) rates are high for foreigners. However, they are generally restricted from purchasing landed residential properties unless special government approval is granted.
<h4 dir="ltr">a. Taxes and Fees for Foreign Buyers</h4>
<ul>
<li dir="ltr" aria-level="1">
ABSD (Additional Buyer’s Stamp Duty): 60% for foreigners
</li>
<li dir="ltr" aria-level="1">
BSD (Buyer’s Stamp Duty): Progressive rate (1%-6%) based on property price
</li>
<li dir="ltr" aria-level="1">
Property Tax: Annual, based on annual value (AV) of property
</li>
</ul>
Note: ABSD may be reduced under Free Trade Agreements (e.g., for U.S. citizens buying their first property).
<h4 dir="ltr">b. Financing</h4>
<ul>
<li dir="ltr" aria-level="1">
Foreigners can take loans from Singaporean banks, but:
<ul>
<li dir="ltr" aria-level="2">
Usually limited to 75% Loan-to-Value
</li>
<li dir="ltr" aria-level="2">
Higher interest rates may apply
</li>
<li dir="ltr" aria-level="2">
Must meet Total Debt Servicing Ratio (TDSR) guidelines (currently 55%)
</li>
</ul>
</li>
</ul>
<h3 dir="ltr">Setting Up Real Estate Businesses</h3>
Foreign entities looking to set up real estate businesses must register with the Accounting and Corporate Regulatory Authority (ACRA) and obtain relevant licenses from the Council for Estate Agencies (CEA) if they intend to operate as real estate agents or brokerages. For property development or investment companies, no specific licensing is required beyond the standard business registration, but compliance with the Residential Property Act and other real estate-related legislation is mandatory.
<h4 dir="ltr">a. Common Business Types</h4>
<ul>
<li dir="ltr" aria-level="1">
Property investment firms
</li>
<li dir="ltr" aria-level="1">
Real estate consultancy
</li>
<li dir="ltr" aria-level="1">
Construction & project management
</li>
<li dir="ltr" aria-level="1">
PropTech startups
</li>
<li dir="ltr" aria-level="1">
Interior design & renovation
</li>
<li dir="ltr" aria-level="1">
Facilities management
</li>
</ul>
<h4 dir="ltr">b. Requirements for Foreign-Owned Companies</h4>
<ul>
<li dir="ltr" aria-level="1">
Register a Private Limited Company (Pte Ltd) with ACRA
</li>
<li dir="ltr" aria-level="1">
Minimum one resident director
</li>
<li dir="ltr" aria-level="1">
Local registered address
</li>
<li dir="ltr" aria-level="1">
Paid-up capital: SGD 1 but it is advisable to
</li>
<li dir="ltr" aria-level="1">
Appoint a company secretary within 6 months
</li>
</ul>
Many foreign entrepreneurs use a Nominee Director Service during incorporation, but are advised to relocate with an EP for better control and legitimacy. Email to <a href="mailto:info@iasg.com.sg">info@iasg.com.sg</a> for more information on <a href="https://iasg.com.sg/setting-up-a-business-in-singapore/">setting up a business in Singapore</a> for foreigners.
<h4 dir="ltr">c. Licenses and Permits</h4>
<ul>
<li dir="ltr" aria-level="1">
BCA License: For construction or building works
</li>
<li dir="ltr" aria-level="1">
CEA License: For real estate agencies
</li>
<li dir="ltr" aria-level="1">
SCDF Fire Safety Certificate: For premises usage
</li>
<li dir="ltr" aria-level="1">
URA / HDB approvals: For operating businesses in certain zones
</li>
</ul>
Singapore is also an attractive base for foreign developers and investors due to its political stability, strong legal framework, low corruption levels, and ease of doing business. International firms regularly partner with local developers to undertake large-scale projects, especially in commercial and mixed-use developments.
<h2 dir="ltr">Challenges and Competition in the Industry</h2>
<h3 dir="ltr">Steep Pricing</h3>
The real estate industry in Singapore is intensely competitive and subject to various macroeconomic, regulatory, and demographic pressures. One of the key challenges lies in land scarcity. With limited space and high population density, real estate prices are steep and development opportunities are constrained. This makes it difficult for new entrants to secure prime sites unless they have deep capital or strategic alliances.
<h3 dir="ltr">Long-Term Profitability</h3>
Government policies also play a significant role in tempering market volatility. Measures such as Additional Buyer’s Stamp Duty (ABSD), Seller’s Stamp Duty (SSD), and Total Debt Servicing Ratio (TDSR) were introduced to curb speculative buying and ensure financial prudence among homebuyers. While these measures have contributed to market stability, they also limit short-term profitability for developers and investors.
<h3 dir="ltr">Fluctuating Market Trends</h3>
The cyclical nature of the real estate market poses another challenge. Developers must navigate fluctuating demand, construction costs, interest rates, and changing lifestyle preferences. For instance, the post-pandemic trend of remote work has reshaped demand for office space, prompting landlords to rethink traditional leasing models.
<h3 dir="ltr">Upcoming Proptech Transformations</h3>
Technology disruption is also altering the competitive landscape. Proptech solutions are revolutionising how properties are listed, viewed, and managed. Digital platforms are disintermediating traditional agents, while data analytics and AI are being leveraged for valuation, predictive modeling, and investment decision-making. Staying ahead requires agility, digital adoption, and continuous innovation.
<h3 dir="ltr">Singapore’s Push For Sustainability</h3>
Moreover, environmental sustainability is becoming a crucial factor. Developers and landlords are increasingly pressured to meet green building standards and incorporate energy-efficient features, not just to meet regulatory requirements but also to attract environmentally conscious investors and tenants.
Participants in Singapore’s real estate market may easily navigate these challenges with the help of an informed and updated strategy by professionals and government agencies.
<h2 dir="ltr">Opportunities in Singapore’s Real Estate Industry</h2>
<ol>
<li dir="ltr" aria-level="1">
<h3 dir="ltr" role="presentation">PropTech Growth: AI, Virtual Viewings, Smart Home Solutions</h3>
</li>
</ol>
Singapore’s real estate sector is undergoing rapid digital transformation driven by Property Technology (PropTech) – a wave of innovations enhancing how properties are bought, sold, rented, and managed.
Artificial Intelligence (AI) is used in multiple ways: property portals and real estate agencies are leveraging AI to match listings to buyer preferences, analyse market trends, and estimate property valuations more accurately. Chatbots, predictive analytics, and automation tools also streamline customer service and lead generation.
Virtual viewings and augmented reality (AR) have grown significantly since the pandemic. Prospective buyers and tenants can now tour properties remotely through 3D walkthroughs or even live guided virtual showings. This not only saves time but also makes property marketing borderless, important in a global hub like Singapore where foreign investors are key players.
Smart home solutions such as integrated lighting, climate control, security, and voice-activated systems are becoming standard in new developments. Developers are now incorporating these features to meet the expectations of tech-savvy homeowners and tenants. This growing demand for smart homes is pushing architects, designers, and property managers to upgrade existing properties to remain competitive.
<ol start="2">
<li dir="ltr" aria-level="1">
<h3 dir="ltr" role="presentation">Green and Sustainable Buildings: BCA Green Mark Incentives</h3>
</li>
</ol>
Sustainability has become a core focus in Singapore’s urban development strategy. The Building and Construction Authority (BCA) leads this effort through the Green Mark Scheme, a benchmarking system launched to evaluate a building’s environmental impact and performance.
Developers and building owners are encouraged to adopt sustainable construction practices and technologies such as solar panels, energy-efficient HVAC systems, water-saving fittings, and eco-friendly materials. In return, they can qualify for financial incentives, higher gross floor area allowances, and faster planning approvals, depending on the Green Mark rating achieved (Certified, Gold, GoldPLUS, or Platinum).
The government’s Singapore Green Building Masterplan aims to green 80% of the built environment by 2030. As this regulatory push continues, it creates opportunities for green building consultants, energy service companies, sustainable architects, and investors in ESG-compliant real estate portfolios.
<ol start="3">
<li dir="ltr" aria-level="1">
<h3 dir="ltr" role="presentation">Luxury Residential Segment: Especially in Core Central Region (CCR)</h3>
</li>
</ol>
Despite property cooling measures, the luxury property market remains resilient, particularly in the Core Central Region (CCR), which includes prestigious districts like Orchard, Tanglin, Newton, and Marina Bay. These areas house high-end condominiums, penthouses, and landed properties that attract high-net-worth individuals (HNWIs), both local and foreign.
Factors fueling this demand include Singapore’s reputation as a safe haven, political stability, tax efficiency (no capital gains tax), and high-quality lifestyle. Family offices and global elites see Singapore’s luxury homes as not just residences but assets for long-term wealth preservation.
Developers are also innovating in this space by integrating branded residences, wellness features, concierge services, and private clubs to differentiate their offerings. While entry into this segment requires significant capital, the margins are higher, and the clientele is less price-sensitive, making it an attractive niche for investors and developers who can deliver exceptional quality.
<ol start="4">
<li dir="ltr" aria-level="1">
<h3 dir="ltr" role="presentation">Regional Real Estate Funds and REITs: Singapore is Asia’s REIT Capital</h3>
</li>
</ol>
Singapore is widely regarded as the REIT (Real Estate Investment Trust) capital of Asia. Its REIT market is worth over S$100 billion and features a diverse range of trusts that invest in office buildings, malls, hotels, logistics hubs, data centres, and healthcare properties both in Singapore and globally.
REITs provide an accessible way for investors to gain exposure to real estate without owning physical property. They offer liquidity, diversification, and attractive dividend yields, especially in a low-interest-rate environment. Institutions and retail investors alike value Singapore REITs (S-REITs) for their regulatory transparency, strong corporate governance, and tax efficiency.
In recent years, real estate private equity funds and regional investment vehicles have also emerged, using Singapore as a hub to manage cross-border real estate assets across Southeast Asia, India, China, and Australia. This opens up opportunities for fund managers, asset managers, financial analysts, and real estate lawyers, especially those with regional expertise.
<ol start="5">
<li dir="ltr" aria-level="1">
<h3 dir="ltr" role="presentation">Commercial Property Redevelopment: Linked to URA Master Plan</h3>
</li>
</ol>
The Urban Redevelopment Authority (URA) lays out long-term development plans for Singapore through its Master Plan, which is updated every five years. These plans often spark commercial redevelopment opportunities, especially in areas earmarked for transformation.
Examples include:
<ul>
<li dir="ltr" aria-level="1">
Greater Southern Waterfront: A massive coastal redevelopment stretching from Pasir Panjang to Marina East, set to become a new mixed-use waterfront precinct.
</li>
<li dir="ltr" aria-level="1">
Jurong Lake District: Positioned as Singapore’s second CBD, targeting innovation and business services.
</li>
<li dir="ltr" aria-level="1">
Paya Lebar Airbase relocation: Freeing up a huge area for future housing and commercial space.
</li>
</ul>
Commercial properties in aging zones may also qualify for redevelopment under schemes like the CBD Incentive Scheme or Strategic Development Incentive (SDI), which encourage building owners to modernise old office buildings into mixed-use developments, often with higher plot ratios and bonus incentives.
For investors, architects, planners, and construction firms, this represents a long runway of opportunities. Being aligned with the URA Master Plan allows developers to position themselves early and extract value from upcoming growth corridors.
<h2 dir="ltr">Monetising Singapore’s Real Estate Industry as a Foreigner</h2>
The real estate industry in Singapore is more than just a property market, it is a dynamic and strategic sector that underpins the nation’s economic and urban development. Despite its challenges, the sector remains a lucrative and stable environment for those who understand its intricacies and can adapt to its evolving trends. Whether local or foreign, those wishing to work or invest in Singapore’s real estate market must be prepared to operate within a highly regulated yet opportunity-rich landscape that rewards professionalism, foresight, and resilience.
The post <a rel="nofollow" href="https://iasg.com.sg/participating-in-singapores-real-estate-industry-as-a-foreigner/">Participating in Singapore’s Real Estate Industry As A Foreigner</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9172</post-id> </item>
<item>
<title>Business Incorporation For Muslim Apparel Homebased Seller</title>
<link>https://iasg.com.sg/business-incorporation-for-muslim-apparel-homebased-seller/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 29 Aug 2025 02:34:39 +0000</pubDate>
<category><![CDATA[Case Studies]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9168</guid>
<description><![CDATA[Find out how IASG helped in this case of business incorporation for muslim apparel homebased seller from Malaysia with growing family.
The post <a rel="nofollow" href="https://iasg.com.sg/business-incorporation-for-muslim-apparel-homebased-seller/">Business Incorporation For Muslim Apparel Homebased Seller</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[
<pre class="wp-block-verse">A young Malaysian housewife who married a Singaporean decided to set up a company in Singapore to expand her homebased business and make it her official source of income.</pre>
<h2 class="wp-block-heading">Business Incorporation For Muslim Apparel Homebased Seller From Malaysia With Growing Family</h2>
 
<h2 class="wp-block-heading">Application Details</h2>
<figure class="wp-block-table is-style-stripes">
<table style="height: 425px;" width="1353">
<tbody>
<tr>
<td>Age</td>
<td>23</td>
</tr>
<tr>
<td>Gender</td>
<td>Female</td>
</tr>
<tr>
<td>Country of Origin</td>
<td>Malaysia</td>
</tr>
<tr>
<td>Ethnicity</td>
<td>Malay</td>
</tr>
<tr>
<td>Education</td>
<td>Bachelor’s Degree</td>
</tr>
<tr>
<td>Occupation</td>
<td>Housewife / Entrepreneur</td>
</tr>
<tr>
<td>Immigration Status</td>
<td>Long-Term Visit Pass (LTVP)</td>
</tr>
<tr>
<td>Social Integration</td>
<td>Minimal</td>
</tr>
<tr>
<td>Number of Years in SG</td>
<td>1 year 7 months</td>
</tr>
<tr>
<td>Registered Business Activity in Singapore</td>
<td>Private Limited Company (Pte Ltd)</td>
</tr>
<tr>
<td>Business Model</td>
<td>E-commerce selling muslim apparels</td>
</tr>
</tbody>
</table>
Reason for Business Incorporation: </figure>
After marrying her Singaporean husband and relocating from Malaysia, the client sought to build a sustainable source of income and long-term stability in Singapore. With her first child on the way and limited access to formal employment options due to her family commitments and immigration status, she saw entrepreneurship as a practical and empowering solution.
Establishing a business would allow her to contribute financially to her growing family while remaining flexible enough to manage her responsibilities as a new mother. Thus, setting up an <a href="https://iasg.com.sg/the-e-commerce-boom-in-singapore-its-future-outlook/">e-commerce business</a> selling muslim apparel is her solution that she sees fit to her commitments and lifestyle.
<h3 dir="ltr">Challenges:</h3>
As a first-time entrepreneur with no prior business experience, the client faced several hurdles:
<ul>
<li dir="ltr" aria-level="1">
Administrative & Regulatory Complexity: She was unfamiliar with the legal requirements for business registration in Singapore, including ACRA incorporation, appointment of a corporate secretary, setting up a business bank account, and understanding tax obligations.
</li>
<li dir="ltr" aria-level="1">
Time & Energy Constraints: Being in her first trimester of pregnancy, she experienced fatigue and had limited mental bandwidth. She required consistent reminders and guidance to stay on track with the administrative timeline.
</li>
<li dir="ltr" aria-level="1">
Limited Financial Literacy: While she had strong instincts as a budding businesswoman, she lacked knowledge of financial forecasting, capital allocation, and formal accounting practices.
</li>
<li dir="ltr" aria-level="1">
Low Social Integration: With limited personal networks and few professional connections in Singapore, she struggled to identify trusted service providers and reliable support systems.
</li>
</ul>
<h3 dir="ltr">Background & Immigration Information:</h3>
Having settled in Singapore after marriage, the client intends to live here permanently. She is currently on an LTVP sponsored by her husband and aims to apply for Permanent Residency (PR) when eligible. Her entrepreneurial plans were sparked during her early pregnancy, and she was highly motivated to launch her business before her due date, to ensure the foundation was laid before she transitioned into motherhood.
She and her husband currently live with his parents while saving up to purchase a BTO flat. Once granted PR, she will become eligible for the housing grants necessary to secure their own home.
<h3 dir="ltr">Talent & Industry Representation:</h3>
Despite her challenges, the client demonstrated strong business instincts. Over the past year, she had independently sourced modest Muslim fashion apparel from Malaysia, Indonesia, and China, selling them through informal online channels. The consistent demand for her products gave her the confidence to transition her operations into a formally registered business.
Given Singapore’s <a href="https://www.investasian.com/economy/e-commerce-singapore/" target="_blank" rel="noopener">high rental costs</a>, she made a strategic decision to maintain a lean structure by operating entirely online. By leveraging platforms like Shopee and Lazada, she ensured scalability without high overheads. This is a smart approach for new entrepreneurs entering the fashion retail space.
<h3 dir="ltr">Financial Stability & Grounding in Singapore:</h3>
The client’s financial base in Singapore is modest. She has lifetime savings of approximately $10,000, which she has earmarked as working capital for her new business. Her husband, a civil servant, is the main breadwinner and is contributing $20,000 to the business in exchange for a 35% equity share. Her basic hospitalisation and term-life insurance are also currently covered by him.
This financial collaboration not only supports the business but reflects her husband’s confidence in her abilities and commitment to their shared future. Her initial venture, that she has been working on for the past year, has earned her a healthy profit margin of 25%. This is of course, without much overheads and business costs due to the micro business set up – selling from home via word of mouth and free advertising on her own social media.
<h3 dir="ltr">Social Integration Efforts:</h3>
Although still new to Singapore, the client is taking active steps to build her social and community ties. She participates in mosque activities regularly and occasionally volunteers. She has formed early friendships with her neighbors and has become acquainted with her husband’s extended family and social circle.
These small but significant steps suggest growing social integration, which will be vital to her long-term success both personally and professionally.
<h3 dir="ltr">Age & Nationality Demographics:</h3>
Being only 23 with a growing family and planning to scale her business, she is an ambitious young woman who wants to be successful in life. Her chances of living long-term in Singapore are most likely high due to her racial profile, young age, family ties, and burgeoning career.
<h3 dir="ltr">How IASG Helped?</h3>
IASG provided end-to-end support tailored to the client’s unique circumstances:
<ul>
<li dir="ltr" aria-level="1">
Business Advisory & Incorporation Support: We guided her through each step of the incorporation process, from selecting the business structure to registering with ACRA and appointing a corporate secretary.
</li>
<li dir="ltr" aria-level="1">
Accounting & Tax Advisory: We helped her understand GST thresholds, financial record-keeping, and filing obligations—critical for a first-time business owner.
</li>
<li dir="ltr" aria-level="1">
Compliance & Regulatory Education: We explained local business laws, employment regulations, and her obligations under the Companies Act.
</li>
<li dir="ltr" aria-level="1">
Timeline Accountability: Given her pregnancy and energy constraints, we provided consistent reminders, follow-ups, and simplified action steps to help her meet deadlines.
</li>
<li dir="ltr" aria-level="1">
Business Structuring Support: We advised on shareholder agreements between her and her husband, ensuring clarity on roles, ownership percentages, and capital injections.
</li>
<li dir="ltr" aria-level="1">
Community Connections: Where possible, we referred her to trusted vendors and online resources to help build her local support network.
</li>
</ul>
<h3 dir="ltr">The Result:</h3>
Within five business days, the client successfully incorporated her Private Limited Company, with all required roles and documents in place. She now runs her fashion e-commerce business confidently, with structured accounting, operational clarity, and a long-term vision for growth. Her business is on track to begin generating consistent revenue within the next quarter, albeit at a much lower profit margin than when she first started, due to all the costs involved in the set up. However, the client is confident that she has made the best decision in her career and is excited for the future.
With IASG’s ongoing advisory support, she feels empowered to scale her brand, apply for Singapore PR soon, and eventually move into her own home with her husband and child. Her story is a testament to how young entrepreneurs, when guided properly, can overcome immigration, regulatory, and financial challenges to build a thriving business in Singapore.
The post <a rel="nofollow" href="https://iasg.com.sg/business-incorporation-for-muslim-apparel-homebased-seller/">Business Incorporation For Muslim Apparel Homebased Seller</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9168</post-id> </item>
<item>
<title>Singapore PR Application For Special Talents</title>
<link>https://iasg.com.sg/singapore-pr-application-for-special-talents/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 22 Aug 2025 02:14:03 +0000</pubDate>
<category><![CDATA[PR & Citizenship]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9151</guid>
<description><![CDATA[Are special talents such as sports people and artists eligible for Singapore PR and how can they apply for it? 
The post <a rel="nofollow" href="https://iasg.com.sg/singapore-pr-application-for-special-talents/">Singapore PR Application For Special Talents</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[Singapore is globally recognised for its vibrant multicultural society and robust advancements in science, technology, engineering, and mathematics (STEM). However, its arts, culture, and sports sectors have yet to experience the same level of growth and international recognition. Recognising the untapped potential of these areas, the Singapore government has introduced targeted initiatives to attract and nurture foreign talent in non-traditional fields such as the arts, music, sports, and other creative industries. This article focuses on Singapore PR application for these special talents.
As part of its broader strategy to build a more diverse and globally competitive nation, Singapore offers <a href="https://iasg.com.sg/singapore-pr/">Permanent Residency (PR)</a> pathways to individuals who demonstrate exceptional ability and accomplishments outside conventional corporate or technical domains. These include artists, performers, athletes, cultural practitioners, and other individuals with outstanding talents who can enrich the nation’s cultural and social fabric.
This article explores the specialised PR route available to such individuals, outlining how those with unique skills and proven track records can apply for Singapore Permanent Residency and contribute meaningfully to the country’s evolving identity and global standing.
<h2>A. The Foreign Artistic Talent Scheme (ForArts)</h2>
The <a href="https://www.nac.gov.sg/support/funding-and-schemes/foreign-artistic-talent-scheme-(forarts)" target="_blank" rel="noopener">ForArts Scheme</a> is a collaborative initiative by the <a href="https://www.nac.gov.sg/home" target="_blank" rel="noopener">National Arts Council (NAC)</a> and the Immigration & Checkpoints Authority (ICA). It aims to attract accomplished foreign artists who are committed to contributing to Singapore’s growing arts and cultural landscape.
<h3>Who Is It For?</h3>
It encompasses various artistic disciplines, including performing arts like dance, music, and theatre; visual arts, literary arts, design, and media. Examples below: 
<ul>
<li style="font-weight: 400;" aria-level="1">Visual artists 
</li>
<li style="font-weight: 400;" aria-level="1">Musicians and composers 
</li>
<li style="font-weight: 400;" aria-level="1">Dancers and choreographers 
</li>
<li style="font-weight: 400;" aria-level="1">Theatre practitioners 
</li>
<li style="font-weight: 400;" aria-level="1">Filmmakers 
</li>
<li style="font-weight: 400;" aria-level="1">Literary writers 
</li>
<li style="font-weight: 400;" aria-level="1">Designers and other creative professionals</li>
<li style="font-weight: 400;" aria-level="1">And more 
</li>
</ul>
<h3>Eligibility Criteria:</h3>
To be considered under the ForArts Scheme, applicants should:
<ul>
<li style="font-weight: 400;" aria-level="1">Have a strong portfolio and international or regional recognition in their field. 
</li>
<li style="font-weight: 400;" aria-level="1">Show clear contributions to Singapore’s local arts and culture scene (e.g. performances, exhibitions, collaborations, teaching). 
</li>
<li style="font-weight: 400;" aria-level="1">Be actively involved in the Singapore arts community. 
</li>
<li style="font-weight: 400;" aria-level="1">Have resided in Singapore for a minimum of 2 years (recommended) and have a valid employment or work pass. 
</li>
<li style="font-weight: 400;" aria-level="1">Demonstrate a long-term commitment to living and working in Singapore.</li>
</ul>
<h2>2. Why Apply Under the ForArts Scheme?</h2>
The ForArts Scheme acknowledges that not all talents fit into conventional employment categories. It offers an inclusive route for individuals who:
<ul>
<li style="font-weight: 400;" aria-level="1">Are freelancers or project-based artists 
</li>
<li style="font-weight: 400;" aria-level="1">Work outside of corporate structures 
</li>
<li style="font-weight: 400;" aria-level="1">Have niche or avant-garde skill sets that bring cultural diversity to Singapore</li>
<li style="font-weight: 400;" aria-level="1">Have the ability to bring Singapore to the world stage and help contribute to the industry</li>
</ul>
<h2>B. Foreign Sports Talent Scheme (FST)</h2>
Singapore introduced the <a href="https://en.wikipedia.org/wiki/Foreign_Sports_Talent_Scheme" target="_blank" rel="noopener">Foreign Sports Talent (FST) Scheme</a> – a pathway allowing foreign athletes to attain Permanent Residency (PR) to represent the nation in international sports competitions.
The FST Scheme was launched in 1993 by the Singapore Table Tennis Association, it aims to attract high-caliber international athletes to contribute to Singapore’s sporting excellence. Since then, other sports associations such as the Singapore Athletic Association’s (SAA), the Singapore Badminton Association, and the Football Association of Singapore (FAS) have all used the FST Scheme to attract foreign talent to play in their sports with permanent residency as one of the benefits of joining the Singapore team.
<h3>Who is Eligible?</h3>
The FST Scheme is targeted at:
<ul>
<li style="font-weight: 400;" aria-level="1">Elite athletes in individual or team sports (e.g., swimming, table tennis, badminton, athletics, football, etc.) 
</li>
<li style="font-weight: 400;" aria-level="1">Sports professionals with international-level achievements 
</li>
<li style="font-weight: 400;" aria-level="1">Young sports talents with strong potential and commitment to long-term development 
</li>
<li style="font-weight: 400;" aria-level="1">Coaches and sports scientists (on a case-by-case basis) 
</li>
</ul>
<h3>Key Eligibility Factors:</h3>
<ol>
<li style="font-weight: 400;" aria-level="1">Proven Track Record
<ul>
<li style="font-weight: 400;" aria-level="2">Must have competed and excelled at the national or international level. 
</li>
<li style="font-weight: 400;" aria-level="2">Endorsements or rankings from international sporting bodies are a plus.</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="1">Endorsement by a National Sports Association (NSA)
<ul>
<li style="font-weight: 400;" aria-level="2">The applicant must secure support from a Singapore NSA relevant to their sport.</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="1">Potential to Contribute
<ul>
<li style="font-weight: 400;" aria-level="2">The individual must show potential to improve Singapore’s sports standards, mentor younger athletes, or win medals for the country.</li>
</ul>
</li>
<li style="font-weight: 400;" aria-level="1">Willingness to Represent Singapore
<ul>
<li style="font-weight: 400;" aria-level="2">The applicant must commit to represent Singapore in major competitions.</li>
</ul>
</li>
</ol>
<h2>3. Benefits of Singapore PR for Special Talents</h2>
All Singapore PR holders enjoy the same benefits such as access to subsidised education, healthcare, and public housing. However, special talents may find fame in Singapore and Asia, which may bring them more monetary benefit outside of their expertise such as business ventures or getting sponsors and product endorsements by local and international brands.
<ul>
<li style="font-weight: 400;" aria-level="1">Freedom to Live and Work: No need for a work pass 
</li>
<li style="font-weight: 400;" aria-level="1">Family Stability: Include your spouse and children under 21 in your PR application so that you and your family can build your lives in Singapore through education and career. 
</li>
<li style="font-weight: 400;" aria-level="1">No Need for Work Pass or travel visa when re-entering Singapore: With a valid Re-Entry Permit (REP), Singapore PR holders do not have the hassle of administrative tasks for working, living, and travelling, which can be both cost and time-effective.</li>
</ul>
<h2>4. Tips for Strengthening Your PR Application as a Special Talent</h2>
<ul>
<li style="font-weight: 400;" aria-level="1">Keep Track of Local Contributions: Save records of events, exhibitions, performances, talks, or classes in Singapore and track the effectiveness or success of each event. 
</li>
<li style="font-weight: 400;" aria-level="1">Collaborate Locally: Partner with local artists, institutions, or art spaces. 
</li>
<li style="font-weight: 400;" aria-level="1">Build Relationships: Engage with local communities, art schools, or cultural programs. 
</li>
<li style="font-weight: 400;" aria-level="1">Stay Active: Regular participation in the arts scene strengthens your case.</li>
<li style="font-weight: 400;" aria-level="1">Win Awards: Winning local, regional or global competitions and being recognised nationally for your specific expertise or talent.</li>
</ul>
<h2>Applying for Singapore PR as a Special Talent</h2>
Singapore is actively building a vibrant, inclusive cultural identity and it welcomes foreign talents who can contribute to that vision. The ForArts and FST Schemes are unique opportunities for talented individuals to secure long-term residency and grow their influence in a thriving and supportive environment.
If you’re a passionate artist or sportsman already contributing to Singapore’s creative ecosystem, applying for PR could be your next big step to continue building your career and life in the country. 
The post <a rel="nofollow" href="https://iasg.com.sg/singapore-pr-application-for-special-talents/">Singapore PR Application For Special Talents</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
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<item>
<title>Bullion Investing in Singapore: Strategy for Wealth Preservation</title>
<link>https://iasg.com.sg/bullion-investing-in-singapore-strategy-for-wealth-preservation/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 15 Aug 2025 02:42:12 +0000</pubDate>
<category><![CDATA[Investment News]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9165</guid>
<description><![CDATA[What is bullion and how do HNWIs use it to preserve their wealth? IASG explains how it is beneficial to invest in, especially in Singapore.
The post <a rel="nofollow" href="https://iasg.com.sg/bullion-investing-in-singapore-strategy-for-wealth-preservation/">Bullion Investing in Singapore: Strategy for Wealth Preservation</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[In a world of volatile markets and economic uncertainty, investors are increasingly turning to bullion investing as a time-tested strategy to preserve wealth and diversify portfolios. Bullion refers to precious metals, primarily gold and silver, but also platinum and palladium that are bought in the form of bars, coins, or ingots. Unlike paper assets or digital currencies, bullion offers a tangible, finite resource that holds intrinsic value across civilisations and centuries.
<h2 dir="ltr">What is Bullion?</h2>
Bullion is a bulk quantity of precious metal measured by weight and typically valued by purity and content rather than form. The most common forms include:
<ul>
<li dir="ltr" aria-level="1">
Gold bullion – Widely considered a safe haven asset, especially during inflation and currency devaluation.
</li>
<li dir="ltr" aria-level="1">
Silver bullion – Offers both investment potential and industrial utility, making it more volatile but also more accessible.
</li>
<li dir="ltr" aria-level="1">
Platinum & Palladium bullion – Rarer metals with strong ties to industrial demand, especially in automotive and tech sectors.
</li>
</ul>
<h2 dir="ltr">Why Invest in Bullion?</h2>
<h3 dir="ltr">Bullion vs Jewellery</h3>
While many people, especially in Asia, buy gold jewellery as a safekeep for rainy days, bullion is seen as the better form of precious metal investment due to the high margin for the former. Jewellery is also bought more by women as compared to men, due to its wearability and social acceptance. Bullion, on the other hand, is gender-neutral and can be bought by everyone. DUe to its regular sizes, storage is also easier for bullion as compared to jewellery where intricacies in its designs can be a good consideration for storage.
Wealthy investors keep their bullion in vaults that are available all over the world. Below are 4 reasons why people invest in bullion.
<h3 dir="ltr">1. Hedge Against Inflation and Currency Risk</h3>
Precious metals, particularly gold, have historically maintained purchasing power. When fiat currencies weaken due to inflation, geopolitical turmoil, or reckless monetary policy, bullion tends to retain or even gain value.
<h3 dir="ltr">2. Wealth Preservation</h3>
Bullion is not tied to any single economy or banking system. This independence makes it a preferred store of value in times of economic collapse or financial crisis.
<h3 dir="ltr">3. Portfolio Diversification</h3>
Including bullion in an investment portfolio adds a layer of non-correlation with traditional assets like stocks and bonds. This can reduce overall risk and improve long-term stability.
<h3 dir="ltr">4. Liquidity</h3>
Gold and silver are universally recognised and easily convertible to cash anywhere in the world. This makes bullion a highly liquid asset, especially in its standard forms like 1 oz coins and 1 kg bars.
<h2 dir="ltr">3 Types of Bullion Investments Available</h2>
<ol>
<li dir="ltr" aria-level="1">
Physical Bullion
<ul>
<li dir="ltr" aria-level="2">
Coins (e.g., American Eagle, Canadian Maple Leaf, Krugerrand)
</li>
<li dir="ltr" aria-level="2">
Bars and Ingots (typically from refiners like PAMP, Valcambi, or Perth Mint)
</li>
<li dir="ltr" aria-level="2">
Pros: Full ownership, no counterparty risk
</li>
<li dir="ltr" aria-level="2">
Cons: Requires storage and insurance, not always practical for large sums
</li>
</ul>
</li>
<li dir="ltr" aria-level="1">
Bullion-Backed Securities
<ul>
<li dir="ltr" aria-level="2">
ETFs (Exchange-Traded Funds) like SPDR Gold Shares (GLD)
</li>
<li dir="ltr" aria-level="2">
Allocated accounts at precious metals custodians
</li>
<li dir="ltr" aria-level="2">
Pros: Easy to buy/sell, no need for physical handling
</li>
<li dir="ltr" aria-level="2">
Cons: Subject to counterparty and systemic risk
</li>
</ul>
</li>
<li dir="ltr" aria-level="1">
Mining Stocks and Mutual Funds
<ul>
<li dir="ltr" aria-level="2">
Investing in companies that mine precious metals
</li>
<li dir="ltr" aria-level="2">
Pros: Potential for leveraged gains
</li>
<li dir="ltr" aria-level="2">
Cons: Higher volatility, tied to company performance rather than metal price alone
</li>
</ul>
</li>
</ol>
<h2 dir="ltr">5 Best Countries to Invest in Bullion</h2>
When investing in bullion, where you buy and store it matters. Here are the top countries known for favourable conditions:
<h4 dir="ltr">1. Singapore – Top Global Bullion Hub</h4>
Being one of the top financial hubs in the world, Singapore has an attractive landscape for business and investments and a diverse variety of financial options for investors to choose from.
<ul>
<li dir="ltr" aria-level="1">
No GST (Goods & Services Tax) on investment-grade precious metals. Since October 2012, Singapore exempts investment-grade bullion – gold (≥ 99.5% purity), silver (≥ 99.9%), platinum/palladium (≥ 99%) from GST. Only LBMA/LPPM‑approved bars or legal tender coins qualify. This zero‑GST status applies both to imported and domestically supplied bullion.
</li>
<li dir="ltr" aria-level="1">
World-class and premier vaulting facilities such as <a href="https://thereserve.sg/facility/about" target="_blank" rel="noopener">The Reserve</a> and other high-security vaults near Changi Airport provide safe, climate-controlled storage, appealing to both retail and institutional bullion holders.
</li>
<li dir="ltr" aria-level="1">
Strong political stability, economic freedom, and rule of law. The Monetary Authority of Singapore (MAS), as Singapore’s financial regulator, oversees the broader stability and supports market trust, including bullion services offered by banks and institutions.
</li>
<li dir="ltr" aria-level="1">
Strict business regulations and security, precious stones and metals dealers must register and comply with AML/CFT/CPF reporting, monitor high-value cash transactions of more than SGD 20,000, and maintain records for five years. This ensures a credible and transparent bullion market.
</li>
<li dir="ltr" aria-level="1">
Approved Refiners & Industry Cluster: Global refiners like Metalor and endorsed consolidators benefit from Singapore’s Approved Refiner & Consolidator Scheme (ARCS), which streamlines GST compliance on raw materials destined for IPM production
</li>
<li dir="ltr" aria-level="1">
No capital gains tax, inheritance tax, or wealth tax. Profits from bullion sales are <a href="https://bullionbound.com/blog/6-expert-tips-to-buy-gold-coins-in-singapore-maximize-your-investment/" target="_blank" rel="noopener">tax-free</a> for both residents and non‑residents (except when trading activity qualifies as a business).
</li>
<li dir="ltr" aria-level="1">
Zero Duties on Import or Export: Singapore imposes no customs duties on bullion. This makes importing or re‑exporting investment-grade metals seamless and cost-efficient.
</li>
<li dir="ltr" aria-level="1">
Positioned as a neutral, geopolitically safe jurisdiction.
</li>
<li dir="ltr" aria-level="1">
Popular among high-net-worth individuals, Islamic investors, and gold vaulting institutions globally.
</li>
</ul>
Singapore’s gold storage and investment ecosystem is among the most advanced in the world. It’s the only Asian country consistently ranked in the top 5 for gold investor confidence, and it has <a href="https://sbma.org.sg/news/sgx-announces-worlds-first-shariah-compliant-gold-future-contract/#:~:text=Singapore%20Exchange%20(SGX)%20is%20pleased,first%20Shariah%2Dcompliant%20gold%20futures." target="_blank" rel="noopener">Shariah-compliant gold investment platforms</a> for Muslim investors.
<h4 dir="ltr">2. Switzerland</h4>
<ul>
<li dir="ltr" aria-level="1">
Historic safe haven for wealth storage.
</li>
<li dir="ltr" aria-level="1">
Home to major bullion refiners and vaults (e.g., Valcambi, Metalor).
</li>
<li dir="ltr" aria-level="1">
Strong banking secrecy and neutrality.
</li>
<li dir="ltr" aria-level="1">
Higher costs and tighter regulations in recent years.
</li>
<li dir="ltr" aria-level="1">
Usually seen as the banking capital for the ultra rich
</li>
</ul>
<h4 dir="ltr">3. Canada</h4>
<ul>
<li dir="ltr" aria-level="1">
Well-regulated and investor-friendly.
</li>
<li dir="ltr" aria-level="1">
Minter of popular coins like the Canadian Maple Leaf.
</li>
<li dir="ltr" aria-level="1">
Physical bullion can be stored in secure facilities with relatively low tax exposure.
</li>
</ul>
<h4 dir="ltr">4. Australia</h4>
<ul>
<li dir="ltr" aria-level="1">
Home to Perth Mint, one of the world’s leading government mints.
</li>
<li dir="ltr" aria-level="1">
Transparent regulatory framework.
</li>
<li dir="ltr" aria-level="1">
GST applies to some precious metals unless specifically exempted.
</li>
</ul>
<h4 dir="ltr">5. United Arab Emirates (Dubai)</h4>
<ul>
<li dir="ltr" aria-level="1">
No taxes on gold and precious metals.
</li>
<li dir="ltr" aria-level="1">
Dubai Gold Souk and DMCC make it a regional bullion trading hub.
</li>
<li dir="ltr" aria-level="1">
Less transparent regulatory and legal protections compared to Singapore.
</li>
</ul>
<h2 dir="ltr">Why Bullion Fits So Naturally in Singapore</h2>
Apart from the reasons mentioned above, Singapore’s financial ecosystem deserves praise for being fully adaptable to current market changes and updates, such as adopting bullion and <a href="https://iasg.com.sg/crypto-investment-in-singapore/">cryptocurrency</a> in its purview. This ensures a safe, regulated, and risk assessment environment for both retail and private investors alike.
<h3 dir="ltr">Singapore’s Financial Services Ecosystem & Market Innovation</h3>
<ul>
<li dir="ltr" aria-level="1">
Integrated Financial Ecosystem: Singapore’s status as a global wealth management hub means investors can easily access bullion trading accounts, secure loans backed by bullion, and integration with wealth strategies alongside other asset classes.
</li>
<li dir="ltr" aria-level="1">
Emerging Physical Gold Futures Market: Abaxx Exchange is launching Asia’s first physical gold futures contract deliverable in Singapore. Backed by major investors like BlackRock, this development positions Singapore to rival London and New York as a bullion trading hub.
</li>
<li dir="ltr" aria-level="1">
Central Bank Accumulation of Gold: MAS itself has increased its gold holdings significantly, buying around 75 tonnes in the first nine months of 2023—making Singapore the third-largest central bank gold buyer globally during that period. This reflects a strategic confidence in gold as part of national reserve management.
</li>
</ul>
<h2 dir="ltr">Risks and Considerations For Bullion Investing</h2>
<ul>
<li dir="ltr" aria-level="1">
Storage and Security: Physical bullion must be stored securely either at home (in a safe) or with a trusted vaulting service. This may incur additional costs.
</li>
<li dir="ltr" aria-level="1">
Premiums and Fees: Bullion often carries a premium over the spot price, especially in coin form. Ensure that buying/selling costs are reasonable.
</li>
<li dir="ltr" aria-level="1">
Market Volatility: While generally stable, precious metal prices can still fluctuate based on market sentiment, industrial demand, and central bank actions.
</li>
<li dir="ltr" aria-level="1">
Liquidity Limitations: While bullion is generally liquid, offloading large quantities quickly or in crisis periods might be challenging.
</li>
</ul>
Note that this article is in no way financial advice or be taken as such. This article is only for informational purposes and all finance-related activities should be done with a licensed financial agent for proper advice.
<h2 dir="ltr">Bullion as Part of a Holistic Wealth Strategy</h2>
Smart investors don’t see bullion as a “get-rich-quick” investment but rather a strategic hedge and long-term asset. Allocating 5 to 15% of one’s portfolio in precious metals can safeguard against financial shocks and protect generational wealth. It’s especially relevant for those with an eye on wealth preservation, estate planning, and intergenerational trust structures.
<h2 dir="ltr">Investing in Bullion in Singapore for Foreign Investors</h2>
Bullion investing offers more than just a shield against inflation, it provides a sense of financial sovereignty. As economies evolve and digital currencies rise, the tangible, enduring value of gold and silver continues to ground investors in stability. Among the many countries offering bullion opportunities, Singapore stands out as the safest, most efficient, and future-ready jurisdiction for precious metals investment. Whether you’re a seasoned investor or a beginner seeking security in turbulent times, bullion deserves a seat at your financial table.
The post <a rel="nofollow" href="https://iasg.com.sg/bullion-investing-in-singapore-strategy-for-wealth-preservation/">Bullion Investing in Singapore: Strategy for Wealth Preservation</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9165</post-id> </item>
<item>
<title>Can Singapore PRs Buy HDB Flats?</title>
<link>https://iasg.com.sg/can-singapore-prs-buy-hdb-flats/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 08 Aug 2025 02:43:12 +0000</pubDate>
<category><![CDATA[PR & Citizenship]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9147</guid>
<description><![CDATA[Can Singapore PRs Buy HDB Flats? Yes, but there are limitations. IASG answers this common question in detail in this article.
The post <a rel="nofollow" href="https://iasg.com.sg/can-singapore-prs-buy-hdb-flats/">Can Singapore PRs Buy HDB Flats?</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[For many Singapore Permanent Residents (PRs), one of the biggest questions after obtaining PR status is: Can I buy an HDB flat? The short answer is yes but with conditions. This article breaks down the key rules, eligibility requirements, and options available for PRs looking to own a home in Singapore.
<h2>Can Singapore PR Holders Buy HDB Flats?</h2>
Yes, Singapore PRs can buy HDB flats, but only resale flats and only under certain conditions. PRs are not allowed to buy new Build-to-Order (BTO) flats directly from the <a href="https://www.hdb.gov.sg/cs/infoweb/homepage" target="_blank" rel="noopener">Housing & Development Board (HDB)</a>, which are reserved for Singapore Citizens (SCs).
<ul>
<li aria-level="1">
<h3>What Type of HDB Flats Can PRs Buy?</h3>
</li>
</ul>
Singapore PR holders can only purchase HDB resale flats in the open market. These are flats sold by existing owners, not directly from HDB. Resale flats tend to be older but are available in mature and popular estates.
<ul>
<li aria-level="1">
<h3>Eligibility Conditions for PRs to Buy a Resale Flat</h3>
</li>
</ul>
To qualify, you must meet HDB’s eligibility criteria. As of 2025, here are the key requirements:
<h4>1. Family Nucleus</h4>
You must apply under one of these schemes:
<ul>
<li style="font-weight: 400;" aria-level="1">Public Scheme: PR + PR spouse (both must be PRs for at least 3 years)</li>
<li style="font-weight: 400;" aria-level="1">Fiancé/Fiancée Scheme: Only allowed if one party is a Singapore Citizen</li>
</ul>
Two single PRs (e.g. siblings or friends) cannot jointly purchase an HDB flat. Only PR couples or PR families are eligible.
<h4>2. Minimum PR Duration</h4>
<ul>
<li style="font-weight: 400;" aria-level="1">Both PRs must have held PR status for at least 3 years before being eligible to buy a resale HDB flat.</li>
</ul>
<h4>3. No Other Property Ownership</h4>
<ul>
<li style="list-style-type: none;">
<ul>
<li style="font-weight: 400;" aria-level="1">You must not own any other local or overseas residential property, and you must dispose of any such property within 6 months of buying the HDB flat.</li>
</ul>
</li>
</ul>
 
<ul>
<li aria-level="1">
<h3>Financing and CPF Usage</h3>
</li>
</ul>
PRs are eligible to:
<ul>
<li style="font-weight: 400;" aria-level="1">Use CPF Ordinary Account savings to pay for part of the flat (subject to CPF usage limits) 
</li>
<li style="font-weight: 400;" aria-level="1">Take a bank loan (PRs are not eligible for HDB loans) 
</li>
<li style="font-weight: 400;" aria-level="1">Pay Buyer’s Stamp Duty (BSD) and Additional Buyer’s Stamp Duty (ABSD)</li>
</ul>
ABSD for PRs is 5% on the first residential property as of 2025. SC-PR couples may get ABSD refunds if they meet certain conditions.
<h2>5 Reasons Why Singapore PR Holders Should Buy HDB Flat</h2>
Despite the restrictions, HDB resale flats are a popular choice among PRs due to:
<ol>
<li style="font-weight: 400;" aria-level="1">Affordability as compared to private condos 
</li>
<li style="font-weight: 400;" aria-level="1">Access to mature estates with nearby transport, schools, and amenities such as shops, clinics, and community centres. 
</li>
<li style="font-weight: 400;" aria-level="1">Long leaseholds of up to 99 years</li>
<li style="font-weight: 400;" aria-level="1">Buying an HDB shows commitment to live long-term in Singapore. For PR holders who plan to <a href="https://iasg.com.sg/singapore-citizenship/">apply for Singapore Citizenship</a> in future, this would be a good move.</li>
<li style="font-weight: 400;" aria-level="1">HDB as an investment for both rental yield and capital gains. However, PRs should plan ahead financially due to higher upfront costs (e.g., ABSD), fewer subsidies, and rental eligibility due to the Minimum Occupancy Period.</li>
</ol>
<h2>Buying HDB Flat as a Singapore PR Holder</h2>
Buying an HDB resale flat as a Singapore PR is possible and beneficial especially for those who plan on becoming Singapore citizens, but it comes with strict eligibility criteria and higher costs than for Singapore Citizens. 
Disclaimer: This article is not legal or financial advice in any way and is intended for educational purposes only. Please engage a legal and/or financial professional for proper guidance.
The post <a rel="nofollow" href="https://iasg.com.sg/can-singapore-prs-buy-hdb-flats/">Can Singapore PRs Buy HDB Flats?</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9147</post-id> </item>
<item>
<title>Can Vending Machines Replace Retail Stores in Singapore?</title>
<link>https://iasg.com.sg/can-vending-machines-replace-retail-stores-in-singapore/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 01 Aug 2025 02:47:09 +0000</pubDate>
<category><![CDATA[Business News]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9144</guid>
<description><![CDATA[IASG explores the possibility of vending machines replacing retail stores in Singapore - how will it affect the local workforce and immigration?
The post <a rel="nofollow" href="https://iasg.com.sg/can-vending-machines-replace-retail-stores-in-singapore/">Can Vending Machines Replace Retail Stores in Singapore?</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[In a fast-paced, convenience-driven society like Singapore, the idea of vending machines replacing traditional retail stores is no longer far-fetched. These machines have evolved far beyond dispensing soft drinks and snacks. Today, they offer everything from hot meals and electronics to skincare and even clothing. As automation and smart technologies become more mainstream, the question arises: Can vending machines realistically replace retail stores in Singapore?
<h2>The Rise of Smart Vending in Singapore</h2>
Singapore has always been a frontrunner in adopting smart city innovations. The government’s push towards a Smart Nation has encouraged businesses to experiment with automated retail, and vending machines are a key component of this shift.
Over the past few years, vending machines have sprouted in MRT stations, business parks, university campuses, and even HDB void decks. They now sell salads, bubble tea, electronics, and even chilli crab. Brands like Chef-in-Box, Ooh Mala, Mr Bean, and Tokyo Milk Cheese Factory have embraced vending solutions to reduce overhead costs while reaching more consumers.
<h3>Why Are Shop Rentals So High in Singapore?</h3>
One of the main reasons vending machines are gaining popularity is the prohibitively high cost of retail space in Singapore. Several key factors contribute to this:
<ul>
<li style="font-weight: 400;" aria-level="1">Scarce Land Supply: Singapore’s small land area (728 sq km) creates intense competition for prime real estate, especially in central districts and malls. 
</li>
<li style="font-weight: 400;" aria-level="1">Demand for Prime Locations: Retailers vie for spots with heavy footfall, such as Orchard Road, Bugis, and suburban malls near MRT stations. This demand drives up prices. 
</li>
<li style="font-weight: 400;" aria-level="1">Government Land Ownership: Much of the land is owned by the state, which controls supply through long-term leasehold and commercial tenders. This centralised system stabilises development but maintains premium pricing. 
</li>
<li style="font-weight: 400;" aria-level="1">High Operating Costs: On top of rent, businesses must pay for air-conditioning, mall management fees, marketing levies, and staffing — all of which add to their cost base.</li>
<li style="font-weight: 400;" aria-level="1">Rental Price Hikes By Landlords: To cover high initial investments, increasing costs of maintaining properties, and expectations of high profit margins, rental prices have been increasing since the pandemic in 2020. 
</li>
</ul>
<h3>Retail Rent Challenges: Singapore vs. Hong Kong</h3>
Singapore’s high retail rents mirror similar issues in cities like Hong Kong, another land-scarce, high-density financial hub. In fact, Hong Kong has historically topped the global charts for retail rental prices, especially in areas like Causeway Bay and Tsim Sha Tsui.
Like Singapore, Hong Kong’s retailers face:
<ul>
<li style="font-weight: 400;" aria-level="1">Exorbitant lease terms in high-traffic zones 
</li>
<li style="font-weight: 400;" aria-level="1">Dependence on tourism-driven footfall (which plummeted during COVID-19) 
</li>
<li style="font-weight: 400;" aria-level="1">Operational inflexibility due to long leases and landlord dominance</li>
</ul>
These pressures have led to a shrinking of physical retail space, with more brands shifting online or exploring automated retail solutions. In both cities, vending machines and pop-up kiosks are increasingly seen as sustainable, lower-risk alternatives for new or niche brands trying to gain exposure without committing to long-term leases.
<h3>Japan’s Vending Machine Industry</h3>
While Singapore and Hong Kong are facing similar issues that led to the rise of vending machines, Japan is home to one of the most extensive and diverse vending machine networks in the world, with over 3.5 million machines across the country. These machines offer everything from soft drinks and snacks to umbrellas, fresh flowers, hot meals, and even clothing. This industry generates billions of dollars annually and has become an iconic part of modern Japanese life.
<h4>5 Reasons Why Japan Has a Thriving Vending Machine Industry</h4>
Several cultural, economic, and social factors explain why vending machines have flourished in Japan:
<ol>
<li style="font-weight: 400;" aria-level="1">High Labor Costs and Low Theft Rates 
Japan has relatively high wages and a shrinking labor force due to an aging population. Vending machines help reduce staffing needs while still providing around-the-clock service. Additionally, Japan’s low crime rate makes it viable to place expensive machines and stock them with high-value goods without significant fear of vandalism or theft. 
</li>
<li style="font-weight: 400;" aria-level="1">Limited Space and Urban Density 
With densely packed cities and limited space for traditional retail, vending machines offer a compact and efficient way to provide goods, especially in locations where a full storefront wouldn’t be feasible.
</li>
<li style="font-weight: 400;" aria-level="1">Technological Innovation 
Japan’s early adoption of automation, advanced payment systems (including IC cards and mobile wallets), and consistent maintenance standards have made vending machines user-friendly and reliable.
</li>
<li style="font-weight: 400;" aria-level="1">Consumer Culture and Convenience 
Japanese consumers highly value convenience, speed, and novelty. Vending machines meet these needs while also reflecting a unique aspect of Japanese consumer culture, where even the mundane becomes a canvas for creativity, such as seasonal drinks, regional specialties, and themed machines.
</li>
<li style="font-weight: 400;" aria-level="1">24/7 Demand 
With long working hours and a vibrant nightlife culture, many Japanese people rely on vending machines for meals, drinks, or small conveniences at all hours, especially at train stations, office buildings, and residential areas.</li>
</ol>
Singapore shares many of these characteristics that led Japan to become the number 1 country with the most number of vending machines in the world. 
However, Singapore’s hawker culture and the availability of shopping malls all over the city state might reduce the dependency on vending machines. At this point, many residents still enjoy freshly cooked food that is affordable and the ability to have leisure time outside of work. This differs greatly to the lifestyle of the Japanese and might slow down Singapore’s demand for vending machines.
<h2>5 Benefits of Vending Machines Over Retail Stores</h2>
Businesses and investors in Singapore have been testing this market and increasing its investments due to these factors:
<ol>
<li style="font-weight: 400;" aria-level="1">24/7 Accessibility 
Vending machines operate round the clock, making them ideal for a city with high commuter traffic and long working hours.
</li>
<li style="font-weight: 400;" aria-level="1">Lower Operational Costs 
Vending machines bypass the hefty rental and manpower costs associated with physical stores, a major advantage in high-cost cities like Singapore and Hong Kong. With Singapore’s strict Work Pass eligibility and quotas, businesses need to steer towards technology as an alternative to manpower.
</li>
<li style="font-weight: 400;" aria-level="1">Smaller Footprint 
Machines require minimal space, making them ideal for MRT stations, void decks, or lobbies where conventional shops cannot operate.
</li>
<li style="font-weight: 400;" aria-level="1">Contactless and Efficient 
Post-pandemic, contactless shopping became more desirable. Vending machines cater to this preference, offering a fast and safe alternative to shopping in crowded malls.
</li>
<li style="font-weight: 400;" aria-level="1">Scalability 
Brands can scale more rapidly using vending machines. Instead of months of fit-out and licensing, machines can be deployed across the island in a matter of days.</li>
</ol>
<h2>4 Limitations and Challenges of the Vending Machine Retail Concept</h2>
Despite their advantages, vending machines have clear limitations:
<ul>
<li style="font-weight: 400;" aria-level="1">Limited Product Range: Due to space and refrigeration constraints, vending machines can’t match the diversity of traditional retail. Location of vending machines require readily available electrical sockets.
</li>
<li style="font-weight: 400;" aria-level="1">Customer Experience: Retail is not just about products, it’s about tactile interaction, ambience, and human service. These emotional and experiential elements are lost in automated vending.
</li>
<li style="font-weight: 400;" aria-level="1">Technical & Maintenance Issues: Machines can break down, jam, or face payment glitches. Regular servicing and inventory control are essential, which adds operational burden.
</li>
<li style="font-weight: 400;" aria-level="1">Brand Identity & Engagement: Physical stores allow immersive storytelling and deep customer engagement. Vending machines offer minimal opportunity for brand expression beyond packaging and interface.</li>
</ul>
<h2>Impact of the Vending Machine Retail Concept on Workforce and Foreign Immigration in Singapore</h2>
The expansion of vending machine retail raises significant implications for Singapore’s labour market and foreign manpower landscape.
<h3>1. Reduction in Retail Jobs</h3>
With vending machines replacing some cashier and front-line roles, especially in F&B and convenience retail, there may be a gradual reduction in low-skilled retail positions. Jobs like cashiering, basic sales assistance, and food counter service could shrink in volume, particularly for part-time or hourly workers.
<h3>2. Shift in Job Profiles</h3>
Rather than eliminating jobs entirely, vending automation is likely to shift workforce demand toward:
<ul>
<li style="font-weight: 400;" aria-level="1">Technical maintenance of machines 
</li>
<li style="font-weight: 400;" aria-level="1">Logistics and restocking 
</li>
<li style="font-weight: 400;" aria-level="1">Data analytics, inventory tracking, and sales optimisation 
</li>
<li style="font-weight: 400;" aria-level="1">Remote monitoring and operations 
</li>
</ul>
This will require reskilling of workers, especially older or low-wage employees who are most vulnerable to automation.
<h3>3. Foreign Workforce Impact</h3>
Singapore’s retail and F&B sectors have traditionally depended on foreign workers for staffing due to manpower shortages. However, the government has been tightening quotas and raising minimum salaries to encourage local hiring and reduce over-reliance on foreign labour.
As more retail businesses adopt vending machines and reduce staff needs:
<ul>
<li style="font-weight: 400;" aria-level="1">The demand for foreign workers in low-skilled retail jobs may decline. 
</li>
<li style="font-weight: 400;" aria-level="1">Employers may be incentivised to invest in machines instead of paying higher foreign worker levies or meeting local salary benchmarks. 
</li>
</ul>
At the same time, new higher-skilled foreign talent may be needed in roles such as vending tech development, AI systems, machine learning, and logistics optimisation – areas aligned with Singapore’s digital economy ambitions.
<h2>A Complementary Role, Not a Complete Replacement</h2>
While vending machines won’t replace all retail formats, they offer a powerful complementary role in Singapore’s evolving consumer landscape. Hybrid retail – blending physical stores, e-commerce, vending, and pop-ups, and even <a href="https://iasg.com.sg/rise-of-home-based-businesses-its-impacts/">home-based businesses</a> is becoming the new norm.
Examples of this include:
<ul>
<li style="font-weight: 400;" aria-level="1">Food brands <a href="https://cnalifestyle.channelnewsasia.com/dining/springleaf-prata-vending-machines-prata-curry-467761" target="_blank" rel="noopener">selling ready meals in vending machines</a> while running full-scale restaurants 
</li>
<li style="font-weight: 400;" aria-level="1">Fashion or beauty brands offering curated product samplers in high-traffic vending machines 
</li>
<li style="font-weight: 400;" aria-level="1">Retailers using vending machines as “click-and-collect” points for online orders 
</li>
</ul>
<h2>The Road Ahead: Smart Integration Into a Hybrid Retail Model</h2>
In Singapore’s high-cost, tech-savvy economy, vending machines will increasingly become part of a multi-channel retail strategy, especially for brands aiming to reduce fixed costs or reach new demographics.
Just like in Hong Kong, where street-level retail is being reshaped by automation and smaller formats, Singapore’s retail future will not be defined by replacement — but by smart integration. Vending machines won’t end malls or boutiques, but they will reshape how, when, and where we shop.
<h3>Vending Machines and The Future of Retail</h3>
Singapore’s high rental landscape, tight labour policies, and Smart Nation vision are accelerating the rise of vending machines as a viable retail model. While they cannot fully replace the variety, service, and emotional connection of traditional stores, vending machines offer lean, scalable, and cost-effective alternatives that help businesses adapt to changing economic realities.
The biggest winners will be those who blend automation with human touch — and design customer experiences that work both online and in the machine, just as much as they do in-store.
The post <a rel="nofollow" href="https://iasg.com.sg/can-vending-machines-replace-retail-stores-in-singapore/">Can Vending Machines Replace Retail Stores in Singapore?</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9144</post-id> </item>
<item>
<title>Does Age Affect Singapore Citizenship Approval?</title>
<link>https://iasg.com.sg/does-age-affect-singapore-citizenship-approval/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 25 Jul 2025 02:20:18 +0000</pubDate>
<category><![CDATA[Company Updates]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9119</guid>
<description><![CDATA[Does it matter what age you apply for Singapore citizenship? Do older people have a chance to get an approval? We explain this common FAQ in this article.
The post <a rel="nofollow" href="https://iasg.com.sg/does-age-affect-singapore-citizenship-approval/">Does Age Affect Singapore Citizenship Approval?</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[For many, gaining Singapore citizenship represents the ultimate milestone in securing a future in the country. However, the application process is rigorous and selective. Among the many factors the Immigration and Checkpoints Authority (ICA) considers, one often-asked question is: Does age affect Singapore citizenship approval?
<h3>Age as a Factor in Singapore Citizenship Approvals</h3>
Age does play a role in the evaluation of a <a href="https://iasg.com.sg/singapore-citizenship/">Singapore citizenship application</a>, but it is not considered in isolation. Instead, it is assessed in combination with other critical factors such as:
<ul>
<li style="font-weight: 400;" aria-level="1">Economic contribution (income, tax history, employment) 
</li>
<li style="font-weight: 400;" aria-level="1">Family ties to Singapore citizens or Permanent Residents (PRs) 
</li>
<li style="font-weight: 400;" aria-level="1">Length of stay and integration into society 
</li>
<li style="font-weight: 400;" aria-level="1">Education background 
</li>
<li style="font-weight: 400;" aria-level="1">Social contribution and community involvement</li>
</ul>
Below is a brief explanation of how age influences citizenship chances across different life stages. Take note that this is not official advice on Singapore Citizenship approvals, rather, this is based on IASG’s analysis based on past experiences with clients.
<h3>1. Young Applicants (Below 21)</h3>
For minors, citizenship is typically processed under family-based applications. If one or both parents are Singapore citizens or applying for citizenship, minors are usually included as dependents. Age here is not a barrier, as long as the family unit demonstrates stability and integration.
The key advantage is when these children are raised in Singapore, educated in local schools, and familiar with the culture as they are seen as easily integrated, which boosts approval chances.
<h3>2. Young Adults (Early 20s to Early 30s)</h3>
This age group is often viewed favourably, especially if the applicant:
<ul>
<li style="font-weight: 400;" aria-level="1">Studied in Singapore (e.g., NUS, NTU, polytechnics) 
</li>
<li style="font-weight: 400;" aria-level="1">Transitioned into the local workforce smoothly 
</li>
<li style="font-weight: 400;" aria-level="1">Shows career potential for long-term contribution to the economy</li>
</ul>
Young adults are seen as a long-term investment with decades of economic contribution ahead. Applicants who also demonstrate efforts to assimilate culturally through language proficiency, local friendships, or community work may have a competitive edge.
<h3>3. Mid-Career Applicants (Mid-30s to 50s)</h3>
For those in this category, economic contribution becomes the key consideration. 
<ul>
<li style="font-weight: 400;" aria-level="1">Holds a stable and well-paying job 
</li>
<li style="font-weight: 400;" aria-level="1">Has paid taxes consistently 
</li>
<li style="font-weight: 400;" aria-level="1">Shows intent to reside permanently in Singapore 
</li>
<li style="font-weight: 400;" aria-level="1">Has children or a spouse who are Singaporeans or PRs</li>
</ul>
Most of IASG’s past clients for Citizenship applications are in this age group.
<h3>4. Senior Applicants (60 and Above)</h3>
Applicants in this age bracket may face more scrutiny, especially if they are not economically active. ICA may assess whether the individual will be a financial burden on the state such as liability on healthcare subsidies.
Approval chances increase significantly if:
<ul>
<li style="font-weight: 400;" aria-level="1">The applicant is joining a family unit, e.g., aging parents reuniting with Singaporean children 
</li>
<li style="font-weight: 400;" aria-level="1">There’s a long history of stay in Singapore 
</li>
<li style="font-weight: 400;" aria-level="1">There’s clear integration, such as involvement in religious or social communities</li>
</ul>
However, many of IASG’s past clients who are in this age group have successfully become Singapore citizens. While Citizenship approvals are never guaranteed, IASG helps clients find out their overall <a href="https://iasg.com.sg/initial-profile-assessment/">profile strength and weaknesses</a> to submit a strategic documents package that stands out from the competition. 
<h3>What ICA Really Looks For</h3>
The Singapore government uses a holistic assessment model, and while age matters, it is rarely the sole reason for rejection. The <a href="https://www.ica.gov.sg/" target="_blank" rel="noopener">ICA</a> favour applicants who demonstrate:
<ul>
<li style="font-weight: 400;" aria-level="1">Long-term commitment 
</li>
<li style="font-weight: 400;" aria-level="1">Social and economic integration 
</li>
<li style="font-weight: 400;" aria-level="1">Financial independence 
</li>
<li style="font-weight: 400;" aria-level="1">Clean legal and immigration record 
</li>
</ul>
<h3>Age is One of the Consideration Factors in Singapore Citizenship Approval</h3>
In conclusion, age does affect Singapore citizenship approval, but not in isolation. Whether you’re a young professional building your future, a mid-career PR contributing to the economy, or an elder seeking to reunite with family, your overall profile including economic stability, integration, family ties, and intent to stay, matters most.
For anyone applying, regardless of age, it’s advisable to:
<ul>
<li style="font-weight: 400;" aria-level="1">Strengthen your ties to Singapore 
</li>
<li style="font-weight: 400;" aria-level="1">Maintain a consistent and positive tax/employment record 
</li>
<li style="font-weight: 400;" aria-level="1">Engage in local community or volunteer work 
</li>
<li style="font-weight: 400;" aria-level="1">Show long-term commitment through property ownership or family planning in Singapore</li>
</ul>
Book a consultation with IASG to determine the best approach to your Singapore Citizenship application. Email to <a href="mailto:info@iasg.com.sg">info@iasg.com.sg</a>. 
The post <a rel="nofollow" href="https://iasg.com.sg/does-age-affect-singapore-citizenship-approval/">Does Age Affect Singapore Citizenship Approval?</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9119</post-id> </item>
<item>
<title>Investing in Singapore vs Dubai: A Comparison for Global Investors</title>
<link>https://iasg.com.sg/investing-in-singapore-vs-dubai-a-comparison-for-global-investors/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 18 Jul 2025 02:37:27 +0000</pubDate>
<category><![CDATA[Investment News]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9129</guid>
<description><![CDATA[Is investing in Singapore better than Dubai? IASG lists the differences between Singapore and Dubai for global investors.
The post <a rel="nofollow" href="https://iasg.com.sg/investing-in-singapore-vs-dubai-a-comparison-for-global-investors/">Investing in Singapore vs Dubai: A Comparison for Global Investors</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[As global investors search for growth, security, and diversification, Singapore and Dubai emerge as two of the most attractive investment destinations in Asia and the Middle East, respectively. Each offers unique advantages depending on an investor’s risk appetite, industry focus, lifestyle preference, and long-term goals.
<h2>1. Economic Stability & Growth Outlook</h2>
Singapore and Dubai have been the <a href="https://iasg.com.sg/singapore-as-a-popular-employment-hub-in-asia/">chosen destinations for expats</a> for many years due to the availability of <a href="https://iasg.com.sg/singapore-establishes-itself-as-a-business-hub-post-covid-19/">job and business opportunities</a>. A great springboard to one’s career, expats can gain professional experience and exposure working in an international business landscape. Because of this, both cities have a large pool of global talents, each bringing their own unique capabilities and expertise that may well benefit businesses.
The difference is however, Singapore offers stability and resilience while Dubai offers high-growth potential with higher volatility. Expats with families would do great in Singapore, especially with Singapore’s family-friendly policies and environment while the young and ambitious can get their career started in Dubai.
Singapore:
<ul>
<li style="font-weight: 400;" aria-level="1">One of the most stable economies in Asia with a AAA credit rating. 
</li>
<li style="font-weight: 400;" aria-level="1">Strong rule of law, minimal corruption, and prudent fiscal policies. 
</li>
<li style="font-weight: 400;" aria-level="1">Economic growth is moderate but stable, driven by finance, tech, biotech, and logistics. 
</li>
</ul>
Dubai:
<ul>
<li style="font-weight: 400;" aria-level="1">Rapidly growing and diversifying economy. 
</li>
<li style="font-weight: 400;" aria-level="1">Oil no longer dominates – real estate, tourism, finance, and tech sectors are booming. 
</li>
<li style="font-weight: 400;" aria-level="1">Attractive government initiatives like “Dubai Economic Agenda D33” aim to double the economy by 2033.</li>
</ul>
<h2>2. Ease of Doing Business</h2>
Both Singapore and Dubai are known to be one of the top financial centres in the world and are investor-friendly, thus <a href="https://iasg.com.sg/setting-up-a-business-in-singapore/">starting a business</a> is relatively easy in any of these cities. Both are startup-friendly, with government incentives and investor funds for capital funding. 
However, Singapore leads in institutional efficiency, while Dubai excels in free zone flexibility. 
Singapore:
<ul>
<li style="font-weight: 400;" aria-level="1">Consistently ranked among the top countries for ease of doing business. 
</li>
<li style="font-weight: 400;" aria-level="1">Business-friendly tax system, streamlined regulations, and a strong legal framework. 
</li>
<li style="font-weight: 400;" aria-level="1">Highly efficient government services and digital infrastructure. 
</li>
</ul>
Dubai:
<ul>
<li style="font-weight: 400;" aria-level="1">Also business-friendly, with various free zones offering 100% foreign ownership, no personal income tax, and repatriation of profits. 
</li>
<li style="font-weight: 400;" aria-level="1">Regulations are improving, though bureaucratic hurdles can still exist outside free zones. 
</li>
<li style="font-weight: 400;" aria-level="1">Government incentives for startups, tech, and green energy sectors.</li>
</ul>
<h2>3. Tax Environment</h2>
The tax environment for both cities are highly favourable, attractive for the wealthy and those working hard to be one. Both cities not only have low taxes on corporations and individuals but they also are great cities to build generational wealth in. 
Dubai offers a more tax-neutral environment, especially for individuals and small business owners. However, due to Dubai’s push to diversify its economy, there might be new changes in the future.
Singapore:
<ul>
<li style="font-weight: 400;" aria-level="1">Corporate tax: 17%, with partial exemptions for small businesses and rebates. 
</li>
<li style="font-weight: 400;" aria-level="1">No capital gains tax. 
</li>
<li style="font-weight: 400;" aria-level="1">No dividend tax for individuals. 
</li>
<li style="font-weight: 400;" aria-level="1">GST (VAT): 9% from 2024. 
</li>
</ul>
Dubai:
<ul>
<li style="font-weight: 400;" aria-level="1">No personal income tax. 
</li>
<li style="font-weight: 400;" aria-level="1">Corporate tax: 9% (introduced in 2023) for companies earning above AED 375,000. 
</li>
<li style="font-weight: 400;" aria-level="1">No capital gains tax or dividend taxes for most cases. 
</li>
<li style="font-weight: 400;" aria-level="1">VAT: 5%</li>
</ul>
<h2>4. Property Investment</h2>
The property market in both Singapore and Dubai are robust and make good investments. With the high foreign worker pool and an increasing population through immigration, the rental market is bound for growth in both cities. 
Between them, Dubai is more favourable for foreign property investors seeking returns while Singapore suits those focused on stability and long-term capital preservation.
Singapore:
<ul>
<li style="font-weight: 400;" aria-level="1">Property market is highly regulated to prevent speculation. 
</li>
<li style="font-weight: 400;" aria-level="1">Foreigners face Additional Buyer’s Stamp Duty (ABSD) of 60% for residential properties. 
</li>
<li style="font-weight: 400;" aria-level="1">Strong rental demand but lower yield due to high entry costs. 
</li>
</ul>
Dubai:
<ul>
<li style="font-weight: 400;" aria-level="1">Open property market for foreigners in designated freehold areas. 
</li>
<li style="font-weight: 400;" aria-level="1">No property tax or capital gains tax. 
</li>
<li style="font-weight: 400;" aria-level="1">High rental yields (5–8%) and lower entry barriers. 
</li>
<li style="font-weight: 400;" aria-level="1">Risk of oversupply in some segments.</li>
</ul>
<h2>5. Lifestyle, Safety, and Infrastructure</h2>
Both Singapore and Dubai rank among the safest cities in the world, with low crime rates and strong law enforcement that contribute to a high standard of living. Residents in both cities enjoy access to world-class infrastructure, including modern and luxurious airports, expansive shopping malls, iconic tourist attractions, and well-planned residential areas equipped with top-tier amenities.
Singapore is known for its structured, clean, and highly efficient environment. Its public transport system is among the best globally, urban planning is meticulous, and healthcare and education systems are consistently ranked among the world’s top. This creates a predictable and stable quality of life that appeals to families, professionals, and long-term residents seeking order, security, and reliability.
On the other hand, Dubai offers a more dynamic and glamorous lifestyle. The city is a hub for luxury, innovation, and entertainment, with a vibrant social scene, upscale dining and retail experiences, and grand architectural marvels like the Burj Khalifa and the Palm Jumeirah. Dubai’s appeal lies in its fast-paced energy and status as a regional business and tourism hotspot, making it attractive to investors, entrepreneurs, and those seeking a cosmopolitan, high-octane lifestyle.
Ultimately, both cities offer exceptional living standards, but they cater to different preferences. Singapore emphasises structured livability and long-term sustainability, while Dubai focuses on bold growth, luxury, and lifestyle appeal.
Singapore:
<ul>
<li style="font-weight: 400;" aria-level="1">Ultra-safe, clean, and efficient. 
</li>
<li style="font-weight: 400;" aria-level="1">Excellent public transport, healthcare, and education. 
</li>
<li style="font-weight: 400;" aria-level="1">Cosmopolitan but structured and rule-based society. 
</li>
</ul>
Dubai:
<ul>
<li style="font-weight: 400;" aria-level="1">High quality of life, luxury lifestyle, and fast-paced development. 
</li>
<li style="font-weight: 400;" aria-level="1">Safe but with different cultural norms and laws to adapt to. 
</li>
<li style="font-weight: 400;" aria-level="1">Heavy reliance on cars; public transport still expanding.</li>
</ul>
<h2>6. Investment Sectors & Opportunities</h2>
Singapore and Dubai are globally recognised as leading financial hubs, each offering distinct advantages and specialised investment sectors. 
Singapore, often referred to as the <a href="https://iasg.com.sg/why-global-millionaires-are-moving-to-singapore/">financial gateway to Asia</a>, excels in wealth management, fintech innovation, and private banking, attracting global investors looking to tap into Southeast Asian and broader Asian markets. 
Dubai, on the other hand, stands out as a dynamic financial centre in the Middle East, with strengths in real estate, Islamic finance, trade, and logistics, serving as a strategic bridge between Europe, Asia, and Africa. 
Both cities offer a wide range of investment opportunities, whether in equities, real estate, start-ups, or government-backed ventures, supported by pro-business policies, tax incentives, and robust regulatory frameworks.
Singapore:
<ul>
<li style="font-weight: 400;" aria-level="1">Finance, fintech, biotech, logistics, green tech. 
</li>
<li style="font-weight: 400;" aria-level="1">Hub for Southeast Asia market entry. 
</li>
<li style="font-weight: 400;" aria-level="1">Strong startup ecosystem with government grants and accelerators. 
</li>
</ul>
Dubai:
<ul>
<li style="font-weight: 400;" aria-level="1">Real estate, <a href="https://newshub.medianet.com.au/2025/06/dubai-welcomes-7-15m-visitors-in-first-4-months-of-2025-as-tourism-sector-powers-ahead/106263/" target="_blank" rel="noopener">tourism</a>, logistics, e-commerce, renewable energy. 
</li>
<li style="font-weight: 400;" aria-level="1">Gateway to the MENA (Middle East & North Africa) and African markets. 
</li>
<li style="font-weight: 400;" aria-level="1">Vision 2040 and free zone initiatives fuel rapid sectoral growth.</li>
</ul>
<h2>Investing in Singapore or Dubai Better for Global Investors?</h2>
Choosing one over the other highly depends on what the investor is looking for. 
<ul>
<li style="font-weight: 400;" aria-level="1">Choose Singapore if: 
You’re looking for security, tech-focused investment, long-term growth, and a highly regulated environment.</li>
<li style="font-weight: 400;" aria-level="1">Choose Dubai if: 
You’re aiming for fast returns, tax optimisation, and real estate or regional trade opportunities.</li>
</ul>
If you are interested in investing in Singapore, email to <a href="mailto:info@iasg.com.sg">info@iasg.com.sg</a> to book a consultation or enquire.
The post <a rel="nofollow" href="https://iasg.com.sg/investing-in-singapore-vs-dubai-a-comparison-for-global-investors/">Investing in Singapore vs Dubai: A Comparison for Global Investors</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9129</post-id> </item>
<item>
<title>Must New Singapore Citizens Sell Off Overseas Properties?</title>
<link>https://iasg.com.sg/must-new-singapore-citizens-sell-off-overseas-properties/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 11 Jul 2025 02:25:09 +0000</pubDate>
<category><![CDATA[PR & Citizenship]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9124</guid>
<description><![CDATA[Must new Singapore Citizens sell off overseas properties? IASG answers this common question regarding Singapore Citizenship in this new article.
The post <a rel="nofollow" href="https://iasg.com.sg/must-new-singapore-citizens-sell-off-overseas-properties/">Must New Singapore Citizens Sell Off Overseas Properties?</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[Becoming a new Singapore citizen may feel exciting as it comes with numerous privileges such as access to one of the world’s most stable economies, excellent infrastructure, and top-tier public services. However, it also comes with responsibilities and regulations, especially in the area of property ownership. In this article, we answer one of the most common questions people ask: Must new Singapore citizens sell off overseas properties?
<h2>Am I required to sell off my overseas properties upon obtaining Singapore Citizenship?</h2>
Singapore does not have any law that requires new citizens to dispose of their overseas residential or commercial properties upon <a href="https://iasg.com.sg/singapore-citizenship/">acquiring citizenship</a>. You are free to own property abroad, as long as you comply with the laws of that foreign jurisdiction.
While Singapore doesn’t regulate your overseas holdings directly, what matters more is how those holdings affect your housing options locally.
<h3>1. HDB Flat Eligibility</h3>
If you plan to buy a new or resale <a href="https://www.hdb.gov.sg/cs/infoweb/homepage" target="_blank" rel="noopener">HDB flat</a>, your property ownership status now comes under scrutiny:
<ul>
<li style="font-weight: 400;" aria-level="1">A Singapore Citizen cannot own or have an interest in any private residential property (local or overseas) at the time of application for an HDB flat, and</li>
<li style="font-weight: 400;" aria-level="1">You must dispose of any such property within 6 months of buying the HDB flat.</li>
<li style="font-weight: 400;" aria-level="1">This includes private properties overseas. 
</li>
</ul>
So if you wish to own an HDB flat, you must sell your overseas residential properties.
<h3>2. Private Property Ownership</h3>
Singapore does not restrict private property ownership, so if you’re planning to:
<ul>
<li style="font-weight: 400;" aria-level="1">Buy a condo,</li>
<li style="font-weight: 400;" aria-level="1">Own a landed home (subject to approval for foreigners or new citizens), then your overseas properties are not an issue.</li>
</ul>
<h3>Property-Related Considerations</h3>
<h3>1. Foreign Property Taxes</h3>
Singapore follows a territorial tax system:
<ul>
<li style="font-weight: 400;" aria-level="1">This means only income earned in Singapore or remitted into Singapore is taxable. 
</li>
<li style="font-weight: 400;" aria-level="1">Rental income from overseas properties is NOT taxed in Singapore unless you bring it into the country. 
</li>
</ul>
However, you may be subject to foreign property taxes, capital gains, or inheritance taxes in the country where your overseas property is located. Becoming a Singapore citizen doesn’t exempt you from foreign tax obligations.
<h3>2. CPF Implications</h3>
If you plan to use CPF funds to finance a property in Singapore:
<ul>
<li style="font-weight: 400;" aria-level="1">CPF usage for HDB or private property is allowed only if you don’t own other residential properties, including overseas. 
</li>
<li style="font-weight: 400;" aria-level="1">This mirrors HDB’s eligibility checks and acts as another incentive to dispose of overseas residential holdings if you’re leveraging CPF.</li>
</ul>
<h2>Strategic Considerations for New Citizens</h2>
Here are a few strategic things to consider:
<ul>
<li style="font-weight: 400;" aria-level="1">If your overseas property is an investment generating income, you might want to hold on to it if you’re not planning to purchase an HDB flat. 
</li>
<li style="font-weight: 400;" aria-level="1">If you’re relocating permanently to Singapore and need affordable housing, it may be wiser to sell off overseas residential properties to qualify for HDB and CPF schemes. 
</li>
<li style="font-weight: 400;" aria-level="1">Consider the liquidity, taxes, and maintenance costs of your overseas property now that your base has shifted to Singapore. 
</li>
</ul>
This article is a general guideline for the purpose of providing information and not to be taken as legal advise. It is best to do further research and compliance checks with HDB, ICA, and CPF for more details, specific to your situation.
<h2>New Singapore Citizens & Overseas Properties</h2>
Singapore’s housing policies are uniquely structured to promote stable, long-term home ownership and to prevent the speculative accumulation of residential properties, especially within the local market. These policies are part of a broader national strategy to ensure housing affordability, social stability, and responsible financial planning among residents.
For new Singapore citizens, navigating this landscape involves more than just understanding the rules; it means aligning your personal housing and investment goals with the ethos of the system. Singapore imposes stringent taxes and ownership restrictions on those who own multiple properties or who purchase property for investment rather than genuine occupancy. Additionally, overseas property ownership may be scrutinised in certain contexts, especially when applying for housing grants, public housing, or participating in government schemes that prioritise owner-occupiers.
As a new citizen, this is an opportunity to reassess your global property portfolio and decide how to best structure your assets. You may want to consider whether maintaining overseas properties is in line with your long-term goals in Singapore.
In short, becoming a Singapore citizen comes with both privileges and responsibilities in the property space. Understanding the local policies such as Additional Buyer’s Stamp Duty (ABSD), eligibility for HDB flats, and the implications of foreign or overseas property ownership is crucial for making informed decisions. By aligning your housing strategies with national priorities, you not only benefit from Singapore’s strong property ecosystem but also lay a solid foundation for your life in your new home country.
The post <a rel="nofollow" href="https://iasg.com.sg/must-new-singapore-citizens-sell-off-overseas-properties/">Must New Singapore Citizens Sell Off Overseas Properties?</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></content:encoded>
<post-id xmlns="com-wordpress:feed-additions:1">9124</post-id> </item>
<item>
<title>Opportunities For Foreigners in Singapore During Economic Downturn</title>
<link>https://iasg.com.sg/opportunities-for-foreigners-in-singapore-during-economic-downturn/</link>
<dc:creator><![CDATA[Nurshila Rahim]]></dc:creator>
<pubDate>Fri, 27 Jun 2025 02:26:36 +0000</pubDate>
<category><![CDATA[Business News]]></category>
<guid isPermaLink="false">https://iasg.com.sg/?p=9111</guid>
<description><![CDATA[What can you do if an economic downturn happens while you are living in Singapore? Here is a list of opportunities for foreigners living in Singapore.
The post <a rel="nofollow" href="https://iasg.com.sg/opportunities-for-foreigners-in-singapore-during-economic-downturn/">Opportunities For Foreigners in Singapore During Economic Downturn</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
]]></description>
<content:encoded><![CDATA[As of mid-2025, Singapore is not officially in a recession, but signs of economic slowdown and external vulnerabilities have heightened concerns about a potential downturn. The government and financial authorities are closely monitoring indicators and implementing measures to buffer the economy.
<h2>Economic Performance in Q1 2025</h2>
Singapore’s economy grew by 3.9% year-on-year in Q1 2025, according to the Ministry of Trade and Industry. However, on a quarter-on-quarter, seasonally adjusted basis, the economy contracted by 0.6%, reversing the previous quarter’s 0.5% expansion. While not technically a recession (which requires two consecutive quarters of contraction), this shift points to weakening momentum.
<h2>Growth Forecast and Global Headwinds</h2>
The official GDP growth forecast for 2025 has been downgraded to 0.0% to 2.0%, from an earlier 1% to 3%. This downgrade reflects:
<ul>
<li style="font-weight: 400;" aria-level="1">A <a href="https://edition.cnn.com/2025/06/10/business/world-bank-global-economy-trump-trade-war-intl" target="_blank" rel="noopener">cooling global economy</a>, especially due to prolonged US-China trade tensions.
</li>
<li style="font-weight: 400;" aria-level="1">Supply chain disruptions and trade realignments.
</li>
<li style="font-weight: 400;" aria-level="1">Slower recovery in electronics and exports, key drivers of Singapore’s economy.</li>
</ul>
<h2>Sectoral Overview</h2>
<ul>
<li style="font-weight: 400;" aria-level="1">Manufacturing grew 4.0% year-on-year but shrank 5.8% quarter-on-quarter.
</li>
<li style="font-weight: 400;" aria-level="1">Construction saw a 5.5% year-on-year growth but contracted 1.4% from the previous quarter.
</li>
<li style="font-weight: 400;" aria-level="1">Services posted mixed results, with pockets of resilience in retail and hospitality.</li>
</ul>
<h2>Government Response</h2>
Singapore has launched an <a href="https://www.mti.gov.sg/Newsroom/Press-Releases/2025/04/Singapore-Economic-Resilience-Taskforce-SERT-to-support-businesses-and-workers" target="_blank" rel="noopener">Economic Resilience Taskforce</a> to prepare for immediate uncertainties such as potential trade and inflation-related shocks. The Monetary Authority of Singapore (MAS) has also fine-tuned monetary policy to stimulate growth while keeping inflation in check.
<h2>What Are the Effects of a Recession?</h2>
A recession typically leads to:
<ul>
<li style="font-weight: 400;" aria-level="1">Rising unemployment as businesses cut costs.
</li>
<li style="font-weight: 400;" aria-level="1">Reduced consumer spending, weakening sectors like retail and hospitality.
</li>
<li style="font-weight: 400;" aria-level="1">Lower business confidence and slower investment.
</li>
<li style="font-weight: 400;" aria-level="1">Increased job competition and career insecurity.</li>
</ul>
On the overall, economic activities will slow down. However, the government sector should be increasing its spending to counteract the effects of recession and continue circulating its currency to keep the economy from further collapsing. Thus, businesses that have government tenders will thrive.
<h2>Impact on Immigration</h2>
<h3>1. Tighter Regulations</h3>
<ul>
<li style="font-weight: 400;" aria-level="1">Work pass renewals and new applications may become lesser, stricter and highly selective.
</li>
<li style="font-weight: 400;" aria-level="1">However, Singapore PR and citizenship approvals may not change due to Singapore’s <a href="https://iasg.com.sg/singapores-new-prime-minister-future-of-immigration/">2030 population growth goals</a>.</li>
</ul>
<h3>2. Reduced Hiring in Some Sectors</h3>
<ul>
<li style="font-weight: 400;" aria-level="1">Foreign workers in sectors like retail, F&B, or non-essential services may face layoffs or contract non-renewals.</li>
<li style="font-weight: 400;" aria-level="1">Tourism will be affected too as people from all over the world will reduce spending to save for essential living costs. </li>
</ul>
<h3>3. Greater Competition</h3>
<ul>
<li style="font-weight: 400;" aria-level="1">More locals vying for limited roles can impact job security for foreigners. </li>
</ul>
<h2>Opportunities for Foreigners Already Living and Working in Singapore</h2>
Despite the challenging landscape, there are still valuable opportunities for foreigners who are already established in Singapore, especially if they are proactive and strategic. 
<h3>1. Leverage Existing Employment</h3>
Foreigners currently employed with reputable firms have an edge. Companies are often more willing to retain and support existing staff than to hire new foreign applicants. However, terms of employment may be subject to changes such as reduced salaries and benefits to cut costs.
<h3>2. Upskill Strategically</h3>
By acquiring in-demand skills, foreigners may boost their employability, thus being able to stay in the country for longer. Singapore strongly supports lifelong learning through platforms like SkillsFuture, even for some foreign professionals.
<h3>3. Shift to Growth Sectors</h3>
<ul>
<li style="font-weight: 400;" aria-level="1">Focus on resilient or expanding industries like:

<ul>
<li style="font-weight: 400;" aria-level="2">Healthcare and life sciences
</li>
<li style="font-weight: 400;" aria-level="2">Green energy and sustainability
</li>
<li style="font-weight: 400;" aria-level="2">Financial services and risk management
</li>
<li style="font-weight: 400;" aria-level="2">AI, machine learning, and robotics
</li>
<li style="font-weight: 400;" aria-level="2">Urban solutions and smart city tech</li>
</ul>
</li>
</ul>
<h3>4. Build Strong Local Ties</h3>
Contributing to<a href="https://iasg.com.sg/social-integration/"> community initiatives</a>, volunteering, or participating in professional associations can strengthen one’s local profile, an often-overlooked advantage in PR or citizenship applications.
<h3>5. Set Up Your Own Company</h3>
While this may seem counterintuitive, especially during challenging economic times, it is a way to ensure constant employability. Foreigners who already have a strong network and specific skillset may want to sell their services by <a href="https://iasg.com.sg/business-incorporation/">setting up a consultancy</a>. This would allow them to apply for an Employment Pass (EP) under their own company.
<h3>6. Apply for Permanent Residency (PR)</h3>
<ul>
<li style="font-weight: 400;" aria-level="1">Long-term residents with a stable job and good track record can apply for PR.
</li>
<li style="font-weight: 400;" aria-level="1">A <a href="https://iasg.com.sg/singapore-pr/">PR status</a> offers greater job security, flexibility, and family benefits.</li>
</ul>
<h2>How to Secure Your Stay in Singapore</h2>
To improve your chances of staying and thriving in Singapore during economic uncertainty:
<ul>
<li style="font-weight: 400;" aria-level="1">Stay employed or pivot quickly if retrenched.
</li>
<li style="font-weight: 400;" aria-level="1">Renew your work pass early and monitor MOM (Ministry of Manpower) updates.
</li>
<li style="font-weight: 400;" aria-level="1">Prepare and apply for PR if eligible, ideally with a strong application package.
</li>
<li style="font-weight: 400;" aria-level="1">Network actively with both locals and foreigners – professional connections can help you uncover hidden opportunities.
</li>
<li style="font-weight: 400;" aria-level="1">Track your contributions (professional, academic, social), as these can be referenced in PR or work pass renewals.</li>
</ul>
<h2>Opportunities During Economic Downturn</h2>
Singapore is not yet in a recession, but its economy is in a delicate phase. For foreigners already living and working in the country, this is a time to strengthen your position, upskill, and plan long-term. Those who can show economic and social value, resilience, and adaptability will continue to find space and opportunity in Singapore’s dynamic future – even in challenging times.
The post <a rel="nofollow" href="https://iasg.com.sg/opportunities-for-foreigners-in-singapore-during-economic-downturn/">Opportunities For Foreigners in Singapore During Economic Downturn</a> appeared first on <a rel="nofollow" href="https://iasg.com.sg">Immigration@SG</a>.
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