Singapore to grant one-off property tax rebate for 2026

Contributing sentiments towards policy:

58% : The tax relief will ease the impact of property tax increases amid a "moderating residential rental market with modest increases in market rents", said the Ministry of Finance (MOF) and Inland Revenue Authority of Singapore (Iras) in a press release on Friday (Nov 28).
56% : "The rest will see higher (property tax) increases, and these are generally higher-value private properties.
53% : Owner-occupiers of Housing & Development Board (HDB) flats will receive a tax rebate of 15 per cent, and those of private residential properties, 10 per cent, with the rebate capped at S$500.
51% : The latest rebate will mean that owners of three-room and larger HDB flats will pay an additional S$2 to S$3 more in monthly property tax, said MOF and Iras on Friday.
51% : In 2025, owners of HDB flats were given a rebate of 20 per cent, and those of private properties a rebate of 15 per cent, capped at S$1,000. Nicholas Mak, Mogul.sg chief research officer, reckons that the lower tax rebates for 2026 were intended to smooth what would otherwise be a sharp increase in taxes for households, especially private homeowners.
51% : "This shows that demand at the upper end of the market remains resilient, and the calibrated tax structure continues to support a healthy level of activity across segments," said Sandrasegeran. Government data showed that the median AV of non-landed private homes, including executive condominiums, was S$33,600 in 2024, and S$49,200 for landed homes.
51% : According to Iras' property tax calculator, an owner-occupier of a private home with an AV of S$33,600 would have a property tax of around S$860 in 2025, excluding any rebates.
50% : [SINGAPORE] Singapore homeowners will get a one-off property tax rebate in 2026 to cushion recent property tax hikes, in the third straight year that the government has offered such a rebate.
48% : In Budget 2022, the government raised property tax rates for higher-end owner-occupied homes and all non-owner-occupied homes as a form of wealth tax.
48% : In FY2024, revenue from property taxes accounted for 5.7 per cent of the government's operating revenue, or S$6.7 billion.
47% : Meanwhile, half of Singapore's private homeowners will see an increase of less than S$6 a month in property tax, they said.
46% : Property taxes are calculated based on annual values (AVs), which are revised yearly based on the estimated annual rent if the property was rented out.
46% : In comparison, an owner-occupier of a HDB flat with an AV of S$18,360 would have a property tax of about S$250, excluding rebates.
44% : With the change, MOF said homeowners can expect to pay the same or lower in property taxes.
44% : Those of one and two-room flats will continue paying no property tax.

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