Property Tax Act
(Chapter 254, Section 9)
Property Tax (Sentosa Development) Order
O 3
G.N. No. S 144/1973

REVISED EDITION 1990
(25th March 1992)
[1st January 1972]
Citation
1.  This Order may be cited as the Property Tax (Sentosa Development) Order.
Definitions
2.  In this Order —
“approved development project” means a building project within the island known as Sentosa which is approved by the Minister as being a project for the promotion of the tourist trade in Singapore, and completed before a date to be specified by the Minister;1
1  ( a) 1st January 1979 (except Sentosa Resort Hotel). [S 40/77] [4th March 1977] (b) 1st January 1984 for Sentosa Resort Hotel. [S 41/77] [4th March 1977]
“date of approval” means —
(a)in the case of the lease granted by the Government of the site of the approved development project referred to in paragraph 5, the date of commencement of such lease; and
(b)in any other case, the date notified by the Minister, when a project is approved.
Period when tax payable
3.  When an approved development project has been undertaken by an owner of any property, property tax shall continue to be payable throughout the period during which the work is in progress.
Rate of tax payable from end of concession period
4.—(1)  Subject to sub-paragraph (2), the tax payable for a period of 10 years from the date of expiry of the concession period mentioned in paragraph 5 in respect of property to which an approved development project relates shall be at the rate of 12% per annum.
(2)  If the approved development project is not completed on that date, the tax payable in respect of the property for the period of time between that date and the date of completion of the approved development project shall be at the rate prescribed in section 9 of the Act.
Refund of tax
5.  Upon completion of an approved development project the owner may apply for a refund of tax paid in respect of the following periods:
(a)the period of 6 months from the date of approval of the approved development project; and
(b)a further period of one month in respect of each storey of the approved development project,
notwithstanding that the development project may be completed before or after the end of the concession period.
Singapore Statutes Online
© 2024 Attorney-General's Chambers of Singapore,
Last updated 29 May 2024
Singapore Statutes Online is provided by the Legislation Division of the Attorney-General's Chambers of Singapore.