Singapore’s property tax changes to ease costs for most homeowners in 2025

90% of owner-occupied private properties will benefit from reduced tax bills.

The revised tax bands are expected to lower property taxes for most owner-occupied homes in Singapore in 2025.

In a release, the Ministry of Finance announced that 90% of owner-occupied private properties will benefit from reduced tax bills, supported by a one-off rebate of 20% for HDB flats and 15% for private properties, capped at $1,000.

From 2025, revised AV bands will keep one- and two-room HDB flats exempt, while other HDB flats face a 4% tax on AV above $12,000.

For private property owner-occupiers, over 90% will benefit from lower property taxes in 2025, following the PT rebate and adjustments to AV bands.

Meanwhile, Huttons noted these property tax changes are unlikely to affect Singapore's residential property investment appeal.

It added that AV for private properties is expected to remain flat, while HDB flats may see a slight increase.

“The adjustments in AV bands in 2025 and this once-off property tax rebates will help to alleviate the rising costs of living and help almost all home-owners,” Huttons said.