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SENSE & CENTS

Can a retiree afford to keep his pricey home in the era of rising annual values?

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Leslie Yee

Leslie Yee

Published Tue, Mar 12, 2024 · 05:00 PM
    • Owner-occupiers of pricier private homes may wish to factor in higher property taxes in their retirement planning.
    • Owner-occupiers of pricier private homes may wish to factor in higher property taxes in their retirement planning. PHOTO: BT FILE

    PRIVATE home rentals are moderating. They fell by 2.1 per cent quarter on quarter in Q4 2023, based on data from the Urban Redevelopment Authority. 

    Still, residential landlords here have had a good run. Private home rentals rose 8.7 per cent in 2023, after jumping 29.7 per cent in 2022.

    However, the cheer felt by residential landlords has been dampened by higher property taxes.

    Property taxpersonal financeWealth managementSingapore residential propertyRetirementSense & Cents

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