Why is PropertyGuru implementing the 7% GST?

In view of tax changes announced by Deputy Prime Minister and Minister for Finance, Mr. Heng Swee Keat in his Budget Statement for the Financial Year 2021, the standard-rated GST of 7% will be applicable to media sales for all customers belonging in Singapore, effective from 01 January 2022.

As such, PropertyGuru is required by government regulations to implement the standard-rated GST of 7% as stated by the Inland Revenue Authority of Singapore (IRAS). This is a tax output that PropertyGuru collects on behalf of IRAS and is passed over in its entirety.

When will the 7% GST be effective?

This will be effective on PropertyGuru from 01 January 2022.

What are the products and services that will be subjected to the 7% GST in accordance with the new government regulations?

As an outcome of this update, these are the products and services that will be subjected to the 7% GST from 01 January 2022:

· Agent Packages

· Premium Features - Weekly Featured Listing

· Ad Credits

· Prime Credits

· Concurrent Listings

· Corporate Listings

Do I need to take note of any system downtime for PropertyGuru to implement the 7% GST?

Yes. We will be implementing a system update between 29 Dec 2021, 12:00AM to 01 Jan 2022, 11:59AM. As such, we will not be able to accept any purchases during this period. You may resume your purchases from 01 Jan 2022, 12:00PM onwards.

Should you need to make any purchase of Ad Credits, it will still be available through our online Self-serve Channel. You may access this from AgentNet. However, kindly note that there will also be a system update between 31 Dec 2021, 11:00PM – 11:59PM when purchases will not be available.

I need to make an urgent purchase. Can PropertyGuru make any exceptions during the system downtime?

No. We seek your understanding that we are unable to make any transactions during the system update between 29 Dec 2021, 12:00AM to 01 Jan 2022, 11:59AM.

Should you need to make any purchase of Ad Credits, it will still be available through our online Self-serve Channel. You may access this from AgentNet. However, kindly note that there will also be a system update between 31 Dec 2021, 11:00PM – 11:59PM when purchases will not be available.

For more information, please refer to GST: Guide for Advertising Industry.

For general enquiries, please reach out to our Customer Service at the following:

For technical assistance, please message us via WhatsApp us at +65 9298 1629
(Mon - Fri 9am - 9pm, closed on PH) and we will get back to you within 1 working day.

Did this answer your question?