Higher Annual Value (AV) Thresholds

In Singapore, the annual value (AV) denoting the estimated rental that could be collected annually based on the market rates of comparable properties, is among the criteria considered for social support schemes.

The higher AV thresholds will facilitate enhanced support for individuals who require financial assistance. The move will see the AV threshold for the first tier raised from a maximum of $13K to that of $21K.

The AV threshold for second tier, which currently stands between $13- 21K, will go up to $21- 25K.

The changes in the demarcation of the AV thresholds will also be applied to healthcare schemes.

Ready to take the next step in your upcoming property journey and not sure how this is tied in with it? Drop us a call and discuss with us at Wonder Homes.