Singapore Budget 2020: Property tax rebates a welcome boost, but will it be enough if outbreak, downturn are protracted?

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
Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.