by OrangeTee & Tie Pte Ltd.

Property tax hikes unlikely to affect home prices, but tenants in central areas may face higher rent


With the new property tax hikes announced during the Budget statement last week, property analysts are expecting it to have minimal impact on housing prices, but landlords in central districts might pass some of the increases to tenants.

Most of the property tax changes announced pertain largely to high-end residential and investment properties. 

Ms Christine Sun, senior vice-president of research and analytics at property firm OrangeTee and Tie, said: “It may be possible that landlords could try to pass on the costs to tenants for the centrally located condos and landed properties, because the increase in property tax is quite significant for this segment.”

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