Singapore to Raise Property Tax Rates for Luxury Homeowners

Singapore to Raise Property Tax Rates for Luxury Homeowners

Munshi Ahmed/Bloomberg

CapitaLand Ltd.'s The Orchard Residences, center, stands in Singapore. For a condominium occupied by the owner in Singapore’s central region with an assessed annual rental value of S$70,000 ($56,547), the tax will rise 5 percent to S$2,780, according to the budget statement.