April 13, 2012 -

I would not think that should affect too much on the property market since they account for less than 1% of the property transactions in Singapore, but MAS has mentioned it will scrap off the Financial Investor Scheme (FIS) from the Global Investor Program soon.

Under the GIP scheme, the foreigner has to invest S$2.5 million in a new company in Singapore or expand an existing business that has an annual turnover of at least S$30 million.

EDB said the details of the changes will be available on the Contact Singapore website next Sunday.

The GIP, along with the Monetary Authority of Singapore’s Financial Investor Scheme are seen as quick ways for wealthy foreigners to obtain permanent resident status in Singapore.

Details on Channel News Asia.

Here are the breakdown on why FLO Residence in Punggol Field might spark your interest,

Central Location in Punggol

Next to Coral Edge LRT (5 min to Punggol MRT)
3 stops to Punggol MRT and new Mega Shopping Mall (Waterway Point)
Next to Punggol Riverwalk(Waterfront & Boardwalk)
Next to Punggol Plaza, Next to Punggol 21 CC & @ Punggol (Riverside F&B restaurants)
Short walk away to many recreational activities @ Punggol including Golf Driving Range, Futsal, Seafood & Fast Food Restaurants
10 minutes drive to Nex Mall
20 minutes drive to Town via KPE and the upcoming Marina Coastal Expressway
Next to upcoming International School

Continue reading “FLO Residence Details and VVIP Invites” →

Day: April 13, 2012

EDB to Scrape Financial Investor Scheme?

FLO Residence Details and VVIP Invites