Government Will Grant One-Off Property Tax Rebate for All Owner-Occupied Residential Properties in 2026

            The Government will provide a one-off Property Tax (PT) rebate of 15% for Owner-Occupied HDB flats, and 10%, capped at $500, for Owner-Occupied private residential properties in 2026. This will help to cushion PT increases for Singaporeans, amidst a moderating residential rental market with modest increases in market rents.  

2026 Property Tax Rebate and Property Tax Payable for Owner-Occupied Residential Properties

2          The 2026 PT rebate for all Owner-Occupied residential properties is shown in Table 1. The rebate will be automatically offset against any PT payable in the 2026 PT bill.

3          Owner-occupiers living in three-room and larger HDB flats will see an average PT increase of $2 to $3 per month, after the PT rebate. All one- and two-room HDB owner-occupiers will continue to pay no PT.

4          Half of private property owner-occupiers will see a PT increase of less than $6 per month, after the PT rebate. The rest will see higher PT increases, and these are generally higher-value private properties.

Property Owners to Pay 2026 PT Bills by 31 Jan 2026

5          All property owners will receive their 2026 PT Bills from December 2025. They will receive a notification via Short Message Service (SMS) and/or email to view their PT Bills on myTax Portal. As IRAS sends out tax bills in batches, some property owners may receive them earlier than others.

6          Payment of the 2026 PT Bills are due by 31 January 2026. Please check your SMS and/or email notifications from IRAS or log in to myTax Portal to view your tax bill and payment due date. Property owners are encouraged to apply for GIRO to enjoy up to 12-month interest-free instalments or opt for a one-time deduction. Individual taxpayers may apply for eGIRO¹ via myTax Portal to set up their GIRO arrangement within minutes. In addition, eligible² retirees may apply for the Extended GIRO Scheme for Residential Property (Retirees), which provides a longer instalment plan of up to 24 months for PT payment. A 5% late payment penalty will be imposed for those who fail to pay or have not set up GIRO instalments by the due date.

7          Property owners facing financial difficulties may approach IRAS for assistance to discuss a suitable payment plan before the payment due date. They can apply for a longer payment plan via the ‘Apply/Manage GIRO Plan’ digital service at myTax Portal using Singpass or Singpass Foreign User Account. More information on 2026 PT bills can also be found on the IRAS website.

[1] Individual taxpayers who have bank accounts with DBS/POSB, UOB, OCBC, Citibank, HSBC, Maybank, Standard Chartered Bank, Bank of China or MariBank can apply for GIRO via myTax Portal and receive instant approval. GIRO instalment plan will be activated within 1 to 3 working days from date of approval.

[2] Eligibility criteria for the Extended GIRO Scheme for Residential Property (Retirees) with effect from 1 Jan 2026:

• All owners of the property are aged 65 or above;

• The applicant must owner-occupy the residential property (i.e. live in the property they own); and

• The applicant’s Assessable Income (“AI”) must not exceed $39,000 (based on latest tax assessment available).