Revision of development charges rates for land use from Sept 1st

The Ministry of National Development has revised the development charge (DC) rates for the period from 1 September 2013 to 28 February 2014.

The DC rates for Industrial/Warehousing Use have an average increase of 15%, with the largest increase of 29% in the following sectors:

Sector 115 (Woodlands/Senoko/Sembawang/Yishun area),
Sector 107 (Upper Thomson Road/Sin Ming Industrial Estate/Sindo Industrial Estate),
Sectors 73-75 (Kim Tian Road/Tiong Bharu Road/Jalan Bukit Ho Swee/Lower Delta Road/Delta Road/Alexandra Canal/Kim Seng Road/Outram Road/Eu Tong Sen Street/Jalan Bukit Merah), and
Sectors 77-88 (Keppel Road/AYE/Jalan Bukit Merah/Henderson Road/Telok Blangah Road/Alexandra Road/Leng Kee Road area).

The DC rates for landed residential have increased by an average of 7%, with increases ranging from 5% to 13% in 76 sectors and no change in DC rates for the remaining 42 sectors. The largest increase rate of 13% applies to 13 geographical sectors, including:

Sectors 92-93 (Guillemard Road/Tanjong Katong Road/Haig Road/Changi Road/Joo Chiat/Telok Kurau area),
Sectors 95-97 (Marine Parade/Siglap/Upper East Coast Road/Bedok South/Bedok Road area),
Sectors 46 & 48 (Devonshire Road/Killiney Road/River Valley Road/Mohd Sulatan Road/Martin Road/off Kim Seng Road/Hoot Kiam Road area), and
Sector 71 (Tanglin Road/Jervois Road/Nathan Road/Grange Road/Hoot Kiam Road/Zion Road area).

For non-landed residential use, the DC rates have increased by an average of 5%, with increases ranging from 5% to 28% in 53 out of 118 sectors with no change for the remaining 65 sectors. The largest increase of 28% is in Sector 74 (Kim Tian Road/Tiong Bahru Road/Bukit Ho Swee Link/Zion Road/Outram Road/CTE/Jalan Bukit Merah area).

The DC rates for Commercial and Hotel/Hospital use, and the remaining four use groups, have not changed for all sectors.

The review is carried out on a half-yearly basis, in consultation with the Chief Valuer. If there is any disagreement over the DC payable for any development proposal, calculated based on the rates under the respective Use Groups, developers and owners can opt for a case-by-case valuation by the Chief Valuer, as provided for in the Planning Act.

Increase in DC Rates

PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

Revision of development charges rates for land use from Sept 1st

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