Singapore Budget 2020: Property tax rebates a welcome boost, but will it be enough if outbreak, downturn are protracted?
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A 15 per cent rebate also applies to specific commercial properties hit by the drop in visitors to attractions including the zoo, Haw Par Villa and the Singapore Flyer.
ST PHOTO: LIM YAOHUI
SINGAPORE - The property tax rebates are an integral part of the $4 billion Stabilisation and Support Package aimed at helping businesses in several coronavirus-hit sectors ride out the downturn this year, say analysts.
They noted that the rebates, allied with a temporary bridging loan programme, a delay in the GST hike and other relief measures, should help support these sectors, especially landlords in the retail and hospitality segment, following a sharp fall in visitor arrivals.