Serious If 108,000 Pinoy PMETs flooding S'pore is scary, how about 350,000 Indian PMETs?

[EnBloc]

Based on this news report, excluding the local Singaporean Indians and Indian blue collar workers, there are 350,000 Indian PMETs in Singapore, more than 3 times the number of Pinoy PMETs

With all these people crowding the market, now wonder local unemployment is so high and wages are so low


http://www.property-report.com/come-home-indian-developer-targets-singapores-nris/


Come home: Indian developer targets Singapore’s NRIs

By Al Gerard de la Cruz on September 20, 2016

To property developers based in India, wooing Singapore’s ever-growing Indian community from afar may not be enough to increase their share of this increasingly lucrative market.

Mumbai’s Godrej Properties opened on Wednesday an international representative office in the city-state. “To be physically present in Singapore will enable us to market our properties, mainly residential properties, more effectively to Indians in Singapore, Malaysia, Indonesia and Hong Kong,” Mohit Malhotra, executive director of Godrej Properties, told The Straits Times.

Non-resident Indians (NRIs) have a high disposable income, he said. “They actively invest in India, so we would like to tap the opportunities in Singapore where there is a large Indian community with strong cultural linkages between Singapore and India.”

This development comes on the heels of the Singapore government signing a preliminary memorandum of understanding with the Indian state of Himachal Pradesh to develop an integrated township in Shimla.

The Indian diaspora is a ballooning market, with 350,000 expatriates working in various sectors in Singapore. Around 250,300 Singaporean citizens have Indian ethnicity, making up 7.4 percent of the city’s populace, according to the Singapore Department of Statistics.

Godrej has another overseas representative office in Dubai, where Indians make up the largest non-Arab investors in the property market, according to the Dubai Government Land Department.

 

[ckmpd]

Only in Singapore can such a pathetic situation happen. How can an elected govt sell out its own citizens the way pap did? Where is good sense?

 

[Hans168]

Only in Singapore can such a pathetic situation happen. How can an elected govt sell out its own citizens the way pap did? Where is good sense?

.......... PAP gets f trash n new shitizen votes to keep them in power
letz hv a f trash PM too

 

[Jah_rastafar_I]

This is something i don't understand.

Why don't locals say anything when it involves shit skins but were it China ppl they would. How many prcs are there? Is it 1 million? I think it's much less.

If you're not a shit skin and you don't say anything to these big number of shit skins here then fuck you.

 

[Jah_rastafar_I]

Where did this site get their info from?

 

[EnBloc]

if you go to Changi Business Park and Changi City Point, you will see the extent of the influx

 

[duluxe]

if you go to Changi Business Park and Changi City Point, you will see the extent of the influx

We have taken over these two premises. Many of our startups there employed only IND.

 

[JHolmesJr]

We have taken over these two premises. Many of our startups there employed only IND.

Never been there….will avoid now for sure.

 

[Bigfuck]

It is just the Lee dog family worried for their own puny lives. The immigrants will overrun the cultural bastards of an outcast. The rest of dogs? Dogs suffer dog fate. There was never a country called Singapore. It was and is a pirate port. The self appointed pirate king is as weak and as stupid as Sang Nila Utama. In a future very very soon, a US politician will tell a joke: "What does a fool who thinks he is smart and can control the world with his puny brain?" The clown prince picture will be flashed eliciting a roar of laughter and tears from laughter. Then the politician goes: "I did not say this but their people did" This will bring an even louder roar and everyone rolling on the floor holding their tummy with laughter.

 

[EnBloc]

350,000 not enough lah, open legs wider, more, more more!

http://www.todayonline.com/business/pwcs-budget-2017-proposals-include-easier-visa-rules-tax-reliefs

>>> PUBLISHED: 6:00 AM, DECEMBER 21, 2016UPDATED: 2:28 PM, DECEMBER 21, 2016
SINGAPORE — Ease work visa regulations for certain firms in the technology sector. Reintroduce incentives for employee share plans to attract talent. Give tax reliefs to help businesses go digital. Allow enhanced tax deduction for overseas research and development activities.

These are some of the recommendations that professional services firm PwC Singapore has put forward to the Government for consideration ahead of the upcoming Budget 2017.

The recommendations cover several areas such as embracing digital disruption, enhancements to research and development, and encouraging local businesses to expand their footprint locally and overseas.

As Singapore continues to face a shortage of talent with digital skills, PwC said that employment rules for work visas could be relaxed for certain employers in the venture fund and technology start-up space.

It also proposed incentives to help small and medium-sized enterprises (SMEs) attract and retain talent, noting that cash-strapped start-ups and smaller companies often resort to share option and stock award schemes to woo talent and reward entrepreneurship.

“The Government should consider reintroducing an incentive for employee share option and stock award schemes, similar to the employee equity-based remuneration scheme for SMEs and start-ups that was previously available under sections 13J and 13M of the Income Tax Act. This could be restricted to employees of start-ups or SMEs,” it said. <<<<

 

[JohnTan]

We should update the major races in Singapore. It should be sinkies, pinoys, PRCs, NRIs. Time to remove 'eurasians' and 'tamils'. My higher-caste friends are deeply offended that the lower caste tamils are used to represent all shades of kelings.