185 views
Logo from SLA

SLA revises land betterment charge rates

The agency made adjustments for five use groups.

The Singapore Land Authority (SLA) has revised the land betterment charge (LBC) rates for commercial (Group A), landed residential (Group B1), non-landed residential (Group B2), hotel/ hospital (Group C), and industrial (Group D) purposes.

SLA will apply the revised charges from 1 March to  31 August.

According to SLA, LBC rates for the use of Group A have increased by 3.8% on average. One hundred four (104) of the 118 sectors saw rates increase from 3% to 9%.

For Group B1, the increase averaged 7.8%. Out of the 118 sectors under the group, 116 saw an increase ranging from 7% to 8%. The remaining two sectors saw no change. 

Under Group B2, 37 sectors saw an increase of 3% to 14%, whilst 27 saw a decrease of 1%-19%. On average, LBC rates for Group B2 increased 0.1%.

Meanwhile, LBC rates for land used for hospital or hotel purposes increased by 0.7% on average, with 18 of 118 sectors posting an increase of around 5%.

Land used for industrial purposes increased by around 1.7% on average, with 42 of the 118 sectors posting a 3%-5% increase. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!