Application The Asia Term takes place during the autumn semester from August to December. The application procedure for the HSG Asia Term is the same as for an exchange semester at a partner university (via Mobility Online Portal). To apply, select "Singapore - HSG Asia Term, Singapore Management University" as one of your seven preferences. Asia Term as a Second Exchange Since 2015, you can apply for the Asia Term in the autumn semester and an exchange semester at a partner university in the spring semester. The second exchange semester via the Asia Term is only possible when there are spare places available in the Asia Term after the first selection round. To read more about the specific requirements and procedures for the Asia Term as a second exchange - click here.