Homes with Annual Values between $13,000 and $21,000 and above $21,000

2 Mr Leong Mun Wai asked the Deputy Prime Minister and Minister for Finance for each year since 2010, what is the percentage of homes that have an Annual Value (i) of between $13,000 and $21,000 and (ii) above $21,000 respectively.

Mr Lawrence Wong: The available information extends to the last five years. In 2018, around 10% of all residential properties in Singapore had Annual Values (AV) between $13,000 and $21,000, while around 20% had AVs above $21,000. In 2023, the proportions are around 30% and 25% respectively, as AVs have increased significantly due to higher market rentals.

The eligibility for Government social support schemes is not affected by the revision of AVs in 2023, as AVs as of 2022 are used to determine scheme eligibility in 2023. The Government will continue to review our social support schemes, including eligibility criteria, to ensure that Singaporeans in need of support receive it.