Non-owner occupied residential properties may be condominiums, HDB flats or other residential properties. The owner does not live in ("occupy") the property and, therefore, owner-occupier tax rates do not apply.
The property tax rates for all non-owner-occupied residential properties from 1 January 2024 to 31 December 2024 are as follows, based on the annual value of the property:
First $30,000: 12%
Next $15,000: 20%
Next $15,000: 28%
Above $60,000: 36%
