Property holding cost calculator Singapore
The cost of holding a property is its property tax, its maintenance fees and the interest on its loan, year after year. This calculator takes property tax from IRAS's bands in force from 1 January 2025, at owner-occupier or non-owner-occupier rates, and adds the fees and interest you enter.
Rules last changed on 1 January 2025.
Work out your holding cost
- Total over 5 years
- S$137,465
- Per month
- S$2,291
Property tax S$4,800 (S$960 a year at today's bands), maintenance S$21,000, loan interest S$111,665.
Rules used for 2 October 2026
- Owner-occupier bands widened: 0% on the first S$12,000 Annual Value, 32% above S$140,000; non-owner-occupier 12% to 36%, in force from 1 January 2025 (source)
Current rates
| Annual Value | Rate |
|---|---|
| First S$12,000 | 0% |
| Next S$28,000 | 4% |
| Next S$10,000 | 6% |
| Next S$25,000 | 10% |
| Next S$10,000 | 14% |
| Next S$15,000 | 20% |
| Next S$40,000 | 26% |
| Above S$140,000 | 32% |
For the one residential property the owner lives in.
| Annual Value | Rate |
|---|---|
| First S$30,000 | 12% |
| Next S$15,000 | 20% |
| Next S$15,000 | 28% |
| Above S$60,000 | 36% |
For residential property that is let out, vacant, or a second home. Non-residential property is taxed at 10% of the Annual Value, which this calculator does not cover.
Rule history
Every published version of the rules this calculator uses, with the date it took effect.
Property tax rates
Chosen by: The year of assessment. Rates apply to the Annual Value for each calendar year.
- From 1 January 2025In force todayOwner-occupier bands widened: 0% on the first S$12,000 Annual Value, 32% above S$140,000; non-owner-occupier 12% to 36%Primary source
- From 1 January 2024 to 31 December 2024Owner-occupier 0% to 32% above S$100,000 Annual Value; non-owner-occupier 12% to 36%Primary source
Not modelled before 1 January 2024.
Questions
What does holding cost include?
Property tax on the Annual Value, the monthly maintenance or conservancy fees, and the interest part of the loan instalments over the years you hold the property. Repairs, insurance and renovation are left for you to add.
Why does the property tax not change year to year here?
The calculator applies today's bands to the Annual Value you enter. IRAS revises Annual Values each year, so the real figure moves with the rental market.
Is loan principal a holding cost?
No. Repaying principal turns cash into equity in the property. Only the interest is counted as a cost.
Is this calculator advice?
No. It applies the published rates to the figures you enter. Confirm with IRAS, your lawyer or your lender before you commit.
Estimates only, from the published rules in force on the date you enter. Confirm with IRAS or your lawyer before you transact. All calculators