Tuesday, August 18, 2009

Benefits for Singaporean vs PR

Benefits for Singaporean vs PR







http://www.ica.gov.sg/data/resources/docs/BenefitsPrivilegesRightsObligations_20080429.pdf






Singaporean PR Remark


Education






Govt Schools


Primary $0 per mth $3.50 per mth


Secondary $5 per mth $6 per mth


Pre-U $6 per mth $7 per mth






Independent Schools


Secondary (avg) $202.50 per mth $243 per mth S'porean has 17% discount from what PR is paying
Pre-U (avg) $312.50 per mth $375 per mth S'porean has 17% discount from what PR is paying




Others


ITE (avg) $ 27.50 per mth $ 30.25 per mth S'porean has 9% discount from what PR is paying
Poly $175.00 per mth $192.50 per mth S'porean has 9% discount from what PR is paying




Universities


NUS, NTU, SMU $6110 per year $6720 per year S'porean has 9% discount from what PR is paying


Also, 20% univ places are reserved for foreigners


while 80% are reserved for S'poreans and PRs together
Primary 1 Enrollment Same Same






Healthcare






Public Hospitals


Class B1 20% subsidy 10% subsidy S'porean has 10% more subsidy than PR has
Class B2 65% subsidy 55% subsidy S'porean has 10% more subsidy than PR has
Class C 80% subsidy 70% subsidy S'porean has 10% more subsidy than PR has
Day Surgery 65% subsidy 55% subsidy S'porean has 10% more subsidy than PR has
Specialist Outpatient Clinic 50% subsidy 40% subsidy S'porean has 10% more subsidy than PR has




Polyclinics Consultation


Adult (avg consultation fee) $9.05 $14


Child/Elderly (avg consultation fee) $4.85 $14






Public Housing*


4 room HDB $285K $334K S'porean has 14.7% discount from what PR is paying
5 room HDB $375K $392K S'porean has 4.3% discount from what PR is paying
Eligibility for HDB mortgage loans Yes No But PR can still get loans from banks




Special Transfers


CPF top-up Yes No


Medisave top-up Yes No


New S'pore Shares (NSS) Yes No


Econ Restruct Shares (ERS) Yes No


Progress Package Yes No






NS & Reservist Yes No PR kids can relinquish their PRs to avoid NS












* Public Housing figures are calculated from the following:






New Punggol HDB flats currently being offered


(http://www100.hdb.gov.sg/09JULBTOPG_pdf/$file/Punggol_Residences_General_Info.pdf)





Typical Applicants' Median


Selling Household Income


Price


4 room $295K $4100


5 room $375K $5100






For household income of $4100, the 1st time buyer will enjoy an additional $10K grant


Grants are not applicable for household income above $5000






Hence, typical price of new HDBs in Punggol for 1st time avg S'poreans after applying grants:

4 room $285K


5 room $375K






Price of HDB Resales which PRs can buy in Punggol


(http://www.scribd.com/doc/15509668/HDB-Resale-Transactions-May-09)






Avg HDB Resale transacted price in Punggol:


4 room $334K (avg of the 10 transactions in May 09)


5 room $392K (avg of the 18 transactions in May 09)














http://forums.delphiforums.com/n/mb/message.asp?webtag=sunkopitiam&msg=35641.1

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