Singapore Property Tax

In this page, you will learn about property tax rates in Singapore. We will help you understand the progressive tax framework for Singapore properties, including private properties, HDB flats, factories, commercial buildings, office spaces, and vacant lots.

All property in Singapore are subject to Singapore property tax. This includes private properties, HDB flats, factories, offices and vacant land. The amount of property tax is a percentage of the annual value of the property. The annual value is based on the estimated yearly rent the property can fetch if it were rented out.

Budget 2013 Update

With effect from 1 January 2014, the property tax refund concession for vacant properties (whether residential or not) will be removed. The tax treatment of all vacant properties will be streamlined as follows:

  • Vacant residential properties will be taxed at the prevailing property tax rates for non-owner-occupied residential properties;
  • However, residential properties undergoing repairs or building works for owner-occupation can be taxed at the owner-occupier property tax rates during the period of repairs or building works (for up to two years). This is provided that the property is owner-occupied for at least one year after the completion of the repairs or building works;
  • Vacant non-residential buildings or those undergoing repairs to render them fit for occupation will be taxed at the prevailing property tax rate of 10% for non-residential buildings;
  • Vacant land undergoing residential development for owner-occupation can be taxed at owner-occupier tax rates during the development period (for up to two years) if the property is owner-occupied for at least a year after the completion of the residential development. All other vacant land will continue to be taxed at 10% during the development period.

The property tax treatment for residential properties undergoing demolition and reconstruction remains unchanged.

IRAS will release further details of the changes by June 2013.

Property Tax Rates

From 1 Jan 2014, the property tax rates for owner-occupied homes will be made more progressive over two years:

Annual Value Tax Rates
from 1 Jan 2014
Tax Rates
from 1 Jan 2015
First $8,000 0% 0%
Next $47,000 4% 4%
Next $5,000 5% 6%
Next $10,000 6% 6%
Next $15,000 7% 8%
Next $15,000 9% 10%
Next $15,000 11% 12%
Next $15,000 13% 14%
AV in excess of $130,000 15% 16%

Non-owner-occupied residential properties will be taxed at the following new progressive tax rates:

Annual Value Tax Rates
from 1 Jan 2014
Tax Rates
from 1 Jan 2015
First $30,000 10% 10%
Next $15,000 11% 12%
Next $15,000 13% 14%
Next $15,000 15% 16%
Next $15,000 17% 18%
AV in excess of $90,000 19% 20%

The property tax rate for land and non-residential properties remains unchanged at 10%.

IRAS will release further details of the changes by June 2013.

Property Tax Deadlines

Property taxes must be paid by 31 January each year. The Inland Revenue Authority of Singapore (IRAS) will compute the annual tax you need to pay and send you the bill in December. Instructions on how to pay property tax are also included in your bill.

Rebates / Reliefs / Refunds

In order to help keep taxes affordable, encourage certain types of land development and meet business needs, the Government provides rebates, reliefs and refunds to property owners. For example, if your property has been continuously vacant for at least 30 days or 1 calendar month because of repairs or the inability to find a tenant, you can claim for a refund of property tax for that period.

Property Tax Exemptions

A building is exempt from property tax if it is used exclusively:

  • As a public place of worship
  • As a public school
  • For charitable purposes
  • For purposes that promote the social development of Singapore