Course

[23 Sep 26] Statutory Valuation and Property Tax

OVERVIEW    

In Singapore’s complex property market, developers must navigate valuation and regulatory costs to ensure project viability. This session provides property developers with knowledge of valuation in Singapore's regulatory environment and how certain policies can impact development projects and financial feasibility. The program covers two essential areas: first, recent property tax cases and assessment methodologies under the Property Tax Act; second, calculating land betterment charges and upgrading premiums.

Participants will gain insights into statutory valuation requirements, enabling them to understand property tax and land cost implications in the development process.

TOPICS COVERED

Regulatory Impact on Development Projects

• Property Tax Act, and recent cases
• Development Charges and Differential Premiums for en bloc redevelopment

Strategic Valuation Methods

• Property tax: Annual value, hypothetical tenant concepts, and chargeable properties

Land Betterment Charges

• Basic for betterment levies and computations

LEARNING OUTCOMES

• To interpret relevant legislation, such as the Property Tax Act and Land Betterment Charge
• To acquire basic knowledge on annual value assessments for property tax purposes
• To understand the concepts of betterment levies, and compute LBC (previously known as differential charge (DC) and differential premium (DP)) for lease extension and intensification of land uses

TARGET AUDIENCE

• Finance managers and directors handling property development and investment decisions and tax planning
• Tax personnel handling tax compliance, planning and optimization
• Development/Project Managers
• Asset/Investment Managers
• Management Professionals in the real estate development industry

KNOWLEDGE PARTNER

Professor Sing Tien Foo, Provost's Chair Professor, Department of Real Estate, Business School, National University of Singapore (NUS)

Sing Tien Foo is the Provost's Chair Professor of Real Estate, Business School, at the National University of Singapore (NUS). He is currently the Editor of the International Real Estate Review, an affiliated journal of the Asian Real Estate Society (AsRES) and the Global Chinese Real Estate Congress (GCREC). 

He published more than 100 peer-reviewed papers in housing policies, urban economics, and real estate finance. He co-authors the books: "Kiasunomics," "Kiasunomics 2," Kiasunomics 3" and "Singapore's Real Estate – 50 Years of Transformation." Tien Foo holds a Doctor of Philosophy degree and Master of Philosophy degree in Land Economy from the University of Cambridge, U.K., and a Bachelor of Science degree with 1st Class Honours in Estate Management from the National University of Singapore.

Terms & Conditions

Request for withdrawal must be made in writing. We encourage particpants to nominate a replacement for the session. Refund requests are subject to approval on the following conditions: 

• Requests sent in at least 2 weeks before commencement: 50% of course fee refunded.
• Requests sent in less than 2 weeks before commencement: No refund, full course fee payable.

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