Commercial development charge rates edge up 9-20%
This is following MND's revision of DC rates.
In a release, the Ministry of National Development has revised the development charges (DC) rates for the period from 1 September 2012 to 28 February 2013. The review is carried out on a half-yearly basis, in consultation with the Chief Valuer.
The DC rates for Group A (Commercial) have increased by an average of 9%, with the largest increase of 20% in Sector 53 (Farrer Park / Syed Alwi Balestier Road / Lavender area) and Sector 93 (Marine Parade Road / Joo Chiat Road / East Coast Road / Haig Road area).
The DC rates for Group B1 {Residential (landed)} have not changed in all sectors. However, the rates for Group B2 {Residential (non-landed)} have increased by an average of 1%, with increases ranging from 8 to 12% in 15 sectors and no change in DC rates for the remaining 103 sectors. The largest increase in Group B2 rate is in Sector 98 (Bedok North / Simei / Tampines New Town) at 12%.
For Group C (Hotel/Hospital), the DC rates have an average increase of 11% with the largest increase of 26% in Sector 53 (Farrer Park / Syed Alwi Road / Balestier Road / Lavender Road area).
The DC rates for Group D (Industrial / Warehousing Use) have increased by 14% on average. The largest increase is 23% in Sector 105 (Ang Mo Kio / Yio Chu Kang Road area). There are no changes in the DC rates of the remaining four use groups.
The revised DC rates will be effective from 1 September 2012. The new rates will apply to cases which are granted Provisional Permission (PP) or 2nd and subsequent extension to the PP on or after the effective date.
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