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Singapore Sees S$600m Rise in 2024 Residential Property Tax Rev.

Feb. 6, 2024, 9:47 AM UTC
Aradhana Aravindan
Aradhana Aravindan
Bloomberg News

Singapore’s 2024 residential property tax revenue is expected to be around S$600m higher than 2023 collections, according to a parliamentary reply by Second Minister for Finance, Chee Hong Tat.

  • For 2024, most owner-occupied residential properties saw their annual value increase by more than 20% due to increase in market rentals from 2022 to 2023: Chee
  • NOTE: Singapore MOF Expects Residential Property Taxes to Rise in 2024
  • NOTE: In 2023, Singapore Hiking Tax on Pricey Property After Wealth Influx

To contact the reporter on this story:
Aradhana Aravindan in Singapore at aaravindan3@bloomberg.net

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