68103

Letting and operating of self-owned or leased real estate property (except food courts, hawker centres, coffee shops and canteens)

classLevel 4Use for ACRA Registration

This sub-class includes the rental and/or operating of self-owned or leased real estate, with their main source of revenue from rental income, including development of building projects for rental/leasing i.e., for renting of space in these properties (except food courts, coffee shops and/or canteens), for example: - apartment buildings and/or dwellings - non-residential buildings e.g., offices, coworking space, exhibition halls, malls and shopping centers, data centers, exhibition halls - self-storage facilities - land, including agricultural and/or forestry land - letting of roofs, e.g., for solar power installations - renting of plant and factory buildings, with or without machinery and/or equipment

SSIC Guide

Tax Incentives & Schemes

2 schemes that businesses in this SSIC code may qualify for. Eligibility is case-by-case — talk to the relevant authority.

Tax exemptionIRASPTE

Partial Tax Exemption (PTE)

Benefit: First SGD 10,000: 75% exemption; next SGD 190,000: 50% exemption. Available to all companies (including those past their 3-year SUTE window).

Eligibility: Singapore tax-resident company.

Tax exemptionIRASSUTE

Start-Up Tax Exemption (SUTE)

Benefit: First SGD 100,000 of chargeable income: 75% exemption; next SGD 100,000: 50% exemption. For each of the first 3 YAs after incorporation.

Eligibility: Newly incorporated SG-resident company, ≤ 20 individual shareholders (or one corporate holding ≥ 10%), not in investment-holding or property-development.

Note for SSIC : Excludes 64202 investment holding & 41001/68101 property development

Worth applying for any of these?

We screen eligibility and shape the application — most schemes are discretionary and need a substantive activity case.

Foreign Worker Levies

This SSIC code falls under MOM's Services sector for foreign-worker levy purposes. Levies below apply per worker per month, paid by the employer in addition to salary.

S Pass

TierMonthlyConditions
Tier 1SGD 550Up to 10% of total workforce

Work Permit

TierMonthlyConditions
Higher-skilled (Tier 1)SGD 300Up to 10%
Basic (Tier 1)SGD 450Up to 10%
Basic (Tier 2)SGD 60010–25%
Basic (Tier 3)SGD 800>25% (up to DRC of 35%)

Hiring foreign workers in this sector?

We handle Work Permit, S Pass, and EP applications alongside the incorporation — and check Dependency Ratio Ceilings before you commit headcount.

Levies and Dependency Ratio Ceilings are reviewed periodically by MOM (rates above effective 2024-09-01).

Classification Path

Section
M-REAL ESTATE ACTIVITIES
Division
68-REAL ESTATE ACTIVITIES
Group
681-REAL ESTATE ACTIVITIES WITH OWN OR LEASED PROPERTY
Current class
68103-Letting and operating of self-owned or leased real estate property (except food courts, hawker centres, coffee shops and canteens)

Need help choosing?

Our guide helps you find the right SSIC code for your business activity.

Read the SSIC Guide