Frankly speaking, have we debate on the benefit of getting PR before?? I used to be very eager to apply for PR when i 1st landed on SG, but after staying here for a while, i find that getting a PR doesn't really give us a lot of benefits compare to holding a workpass. this is what i found out so far, correct me if i am wrong.
Pros :
1. cheaper education (if u plan to study)
2. easier to job hop and also last option when come to company wanna retrench people
3. can buy resale HDB when u reach 35 years old or married.
4. CPF contribution (for west Malaysian, even after we give up PR, we can only get back when we reach 55 years old).
5. easier to pass immigration (no nid queue the long queue and can use the automated lane)
Cons :
1. cannot drive Malaysian registered car or Bikes.
2. u have to start paying CPF contribution which is a freaking 20% of ur salary.
3. SG gov might force u to convert into a Singaporean after 5 years or kick u out (not sure how true is this, but i dun wanna risk).
The main reason that is holding me back from Applying for PR is because i got 2 cars and 1 bike in Malaysia and i find it a waste if i wanna sell it off coz its very new. Not only that, if we get a PR, buying a car in Singapore is super duper expensive.
1. Get a Singapore registered car, I bought an Mazda 3, Dec 2005, monthly installment $612, it is not that expensive compare to working in Malaysia and buying a car in Malaysia.
2. If you do not pay CPF, you lose out on the employer contribution. It is our money anyway.