Singapore property taxes second highest among world class cities

Singapore's property tax is only £600 cheaper than Hong Kong's.

Once a property has been purchased, the taxes associated with its occupation need to be considered. According to Savill's latest research, the most expensive three (Hong Kong, Singapore and Paris) all have
property taxes calculated as a percentage of the rateable value of the property. Those with fixed property taxes fare better, London’s banded council tax ranks it fifth, followed by Sydney, Moscow and Mumbai.

Savills said Shanghai only carries occupancy taxes on investment property calculated on 0.4% to 0.6% on 70% of the property value, while New York carries no direct occupancy taxes as these are captured in income tax.

Property taxes of world class cities are as follows:

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