tourism
+2,3 %
16.9 million international visitors in 2025
+2.3% compared to 2024.
Period: 2025
GATAVIA GLOBAL · Gatavia Singapore
Short-term rentals in Singapore
This section explains the operation of short-term rental in Singapore and how to correctly separate the different legal, fiscal, and operational layers. The specific answer depends on the type of property, the method of exploitation, and the rules applicable to the case.
✓ Information reviewed: 08/26/2026
🇸🇬
GATAVIA
This section explains how to analyze the market, profitability, and investment in Singapore without confusing the different legal, tax, and operational layers. The concrete answer depends on the type of property, the exploitation method, and the applicable rules. Specific and verified data are presented below in the Gatavia information block.
The investment analysis must separate general tourism data from the actual metrics of a specific property. National or regional overnight stays help understand demand, but do not equate to occupancy, average price, or profitability of a property.
Tourism market in Singapore
Data, context and key indicators for the tourism market.
tourism
récord
S$32.8bn in tourism revenue in 2025
Historic record.
Period: 2025
hotels
81,9 %
Average hotel occupancy 81.9%
Increased from 81.4% in 2024.
Period: 2025
hotels
S$273,56
Hotel ARR S$273.56
-1% year-on-year.
Period: 2025
hotels
S$224,04
RevPAR 2025
RevPAR 2025 Value: 224.04 S$ Reference year: 2025 Scope: Singapore Interpretation: Revenue per available room.
Period: 2025
supply
>450 hotels
Hotel rooms
Hotel rooms Value: 73,000 over 73,000 rooms Reference year: 2026 Scope: Singapore Interpretation: The formal hotel inventory exceeds the value.
Period: 2026
Regulatory alerts
Public information is not yet available for this section.
Regulatory framework
Public information is not yet available for this section.
Short-term rental taxation
Taxation
Rental and accommodation income is taxable
Taxation
Resident individual top marginal rate: 24%
24
Taxation
Non-resident individual rental income generally taxed at 24%
24
Taxation
Corporate income tax headline rate 17%
17
Taxation
GST rate 9%
9
Taxation
Non-owner-occupied residential property tax: 12%-36% of Annual Value
Taxation
No general bed/tourist tax
0
Regulatory and market evolution
05/08/2026
S$32.8bn in tourism revenue in 2025
Historic record.
PROFESSIONAL CONTENT
Gatavia Professionelles Dossier · Singapore
Advanced analysis for owners, managers and investors who need to go beyond public information.
01
Due diligence
Professional checks before purchasing, operating or converting short-term accommodation.
🔒 Protected content
02
Advanced regulation
In-depth analysis of requirements, restrictions, risks and regulatory scenarios.
🔒 Protected content
03
Professional taxation
Advanced tax treatment, scenarios and issues requiring special attention.
🔒 Protected content
04
Professional operations
Processes, recurring obligations and documentary control.
🔒 Protected content
05
Territorial radar
Assessment of territories, cities and areas with different market or regulatory conditions.
🔒 Protected content
06
Investors
Risks, costs, profitability, scenarios and criteria before making an investment decision.
🔒 Protected content
07
Managers
Compliance, representation, reporting and professional management for third parties.
🔒 Protected content
08
Metrics and alerts
Professional indicators covering market, demand, risk and regulatory evolution.
🔒 Protected content
This dossier is included with Gatavia Country and Gatavia Global.
Sources and reference authorities
Hotels Licensing Board
Hotels Licensing BoardHousing & Development Board (HDB)
Housing & Development Board (HDB)Inland Revenue Authority of Singapore (IRAS)
Inland Revenue Authority of Singapore (IRAS)IRAS
IRASIRAS
IRASIRAS
IRASIRAS
IRASIRAS
IRASMinistry of Trade and Industry
Ministry of Trade and IndustryMinistry of Trade and Industry
Ministry of Trade and IndustrySingapore Land Authority
Foreign ownership of propertySingapore Statutes Online
Singapore Statutes OnlineSingapore Statutes Online
Planning Act 1998 - Fourth ScheduleSingapore Statutes Online
Singapore Statutes OnlineSingapore Statutes Online
Singapore Statutes OnlineSingapore Tourism Board
Singapore Tourism BoardSingapore Tourism Board
Singapore Tourism BoardSingapore Tourism Board
Singapore Tourism BoardSingapore Tourism Board
Singapore Tourism BoardUrban Redevelopment Authority (URA)
Considerations for Property UseUrban Redevelopment Authority (URA)
Summary guidelines for Serviced Apartments and SA2Urban Redevelopment Authority (URA)
Urban Redevelopment Authority (URA)Urban Redevelopment Authority (URA)
URA approach to co-living spacesUrban Redevelopment Authority (URA)
Extension of temporary relaxation of occupancy cap until 31 Dec 2028Urban Redevelopment Authority (URA)
Renting PropertyUrban Redevelopment Authority (URA)
Short-Term AccommodationUrban Redevelopment Authority (URA)
Six individuals fined over S$1 million for illegal STAUrban Redevelopment Authority (URA)
Four companies and two individuals face 340 STA chargesPROFESSIONAL PDF GUIDE
Prefer to buy the guide only?
You can also purchase the country's PDF edition as a one-off purchase without an annual membership.
Gatavia organises professional information for information and management purposes. General information does not replace legal, tax or technical advice tailored to a particular case.