Budget 2020
Singapore Budget 2020: Property tax rebates a key part of $4b support package: Analysts
But some say measures to help affected sectors may not be enough if outbreak lasts longer
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Attractions like Sentosa 4D AdventureLand that have been hit by a drop in visitors because of the coronavirus outbreak will receive a 15 per cent property tax rebate under the Stabilisation and Support Package.
ST PHOTO: CHONG JUN LIANG
Property tax rebates are an integral part of the $4 billion Stabilisation and Support Package, say analysts. The package is aimed at helping businesses and workers in sectors hit by the coronavirus outbreak ride out the downturn this year.
The analysts noted that the rebates, combined with a temporary bridging loan programme, a delay in the goods and services tax hike and other relief measures, should help support those in these sectors, especially landlords in the retail and hospitality segment, following a sharp fall in visitor arrivals.