The two properties and example bills
Eve owns a modern three-bedroom condominium with a sea view; her cousin Den owns a terrace house away from the central region. The example gives Eve an annual property-tax bill of S$2,800 and Den S$1,200. The contrast tests the assumption that a landed home must always attract more tax than a condominium.
Annual value and market rent
Eve’s condominium has an annual value of S$66,000, equivalent to S$5,500 monthly rent, and obtained its Temporary Occupation Permit three years earlier. Den’s larger terrace house was built 30 years earlier and has an annual value of S$45,600, equivalent to S$3,800 monthly rent. The annual values were determined by analysing market rentals.
Location and physical attributes
The sea-view condominium is near the central business district and amenities such as East Coast Park. Den’s home reflects suburban rental potential. Age, condition, size and facilities also affect rent; units in Eve’s relatively new development fetch attractive rentals. The PDF’s explanation combines these factors instead of using floor area or landed status alone.
How to read the comparison
Annual value follows rental-market conditions: a smaller, well-located modern condominium can command more rent than a larger landed property elsewhere. The source suggests URA property-market information and transacted rents to understand comparisons across locations and types. Its tax figures illustrate the case; the PDF does not specify a tax year or provide a current-rate computation for another property.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗