Proportion of Property Taxes from Owner-occupied Properties

20 Mr Leong Mun Wai asked the Prime Minister and Minister for Finance what proportion of property taxes collected in (i) 2005, (ii) 2010, (iii) 2015, (iv) 2020 and (v) 2024 are from owner-occupied properties, respectively.

Mr Chee Hong Tat: The requested information spans over two decades and we are unable to provide the series of data over such a long time. For 2019 and 2024, the proportion of property taxes (PT) from owner-occupied (OO) residential properties is 7% and 12.5% respectively, taking into account the PT rebates for that year. PT contributed by OO residential properties fluctuates year to year, depending on market conditions and the PT rebates provided.

We have provided 2019 for comparison instead, as 2020 was the start of the COVID-19 pandemic, which had impacted the property market and PT revenue.