Asia USA Realty
asiahomes.com Pte Ltd
Estate Agents Licence No.
10 Apr 2011
get for you affordable Singapore homes
Rent or Investment
45 Mount Sinai Road. Condominium.
Freehold. 54 units. 19 floors.
3-bedroom 191 sq m
4-bedroom 300 sq m
Penthouse 820-900 sq m
Pool, gym, tennis courts, playground, BBQ, covered car park.
balconies, big living and dining areas
have been renovated
4+1 3229 sq ft $14,000. 4 attached bathrooms.
3-bedroom 2055 sq ft $5,500
Other units are available.
firstname.lastname@example.org Tel: +65
REALTORS - PROPERTY TAXATION
FOR CEA EXAM
The February 2010 Budget
1. Owner occupation. Singapore's Property Tax is
0% for the first $6,000 of Annual Value
4% for the next $59,000 of Annual Value
6% for the balance of Annual Value in excess of $65,000
2. Non-owner occupied residential and other properties
(vacant properties including land, commercial properties) are
taxed at 10%
Definition of Annual Value (HDB, Pte Apt, landed homes)
AV is the estimated annual rent if it were to be let, excluding
the rent for furniture, fittings and service charges.
IRAS review prevailing market rent of most properties yearly and
will notify owners if there is a change of AV by sending a
No expenses can be deducted in the property taxation unlike
rental income calculation.
Definition of an Owner for the purpose of Property Taxation
1. A person receiving the rent for the premises on his
account or as an agent/representative/trustee of the legal owner
2. A person named in the Valuation list
Thus an owner may or may not be the legal owner.
Example if the question appears in the CEA Exam:
If a foreign investor buys a $1 million condo, what is his
property tax? Depends on whether the property is owner
occupied or not. Refer to the 3-tier rate. For example,
if the IRAS assessed the AV to be $40,000. Property tax will
($40,000 - $6,000 = $34,000). At 4% of AV if owner occupied = 4%
of $34,000 = $1,360. If not owner-occupied, it is 10% of AV =
(condo & house details) has some of the details of the
Tel: +65 9668-6468,
email@example.com for viewings
ŠAsia USA Realty (Singapore) asiahomes.com
Pte Ltd. Website:
Blk 1002, Toa Payoh Lor 8,
Singapore 319074, Republic of Singapore
Estate Agents Licence No. L3007306B
Salesperson Name/Registration No. Sing Kong Yuen/R030822Z
Asia USA Realty (Singapore) asiahomes.com Pte
Finding Affordable Homes For Expatriates