What you need to know about newly revised development charge rates

Sector 112 drew the largest increase of 46%.

The Ministry of National Development has revised the development charge (DC) rates for the period from 1 March 2013 to 31 August 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 24%, with the largest increase of 39% in Sectors 114 & 115 (Yishun /Sembawang / Woodlands / Choa Chu Kang / Jurong West area).

The DC rates for Group B1 {Residential (landed)} have increased by an average of 4%, with increases ranging from 7% to 15% in 41 sectors and no change in DC rates for the remaining 77 sectors.

The largest increase in Group B1 rate is 15% in Sectors 92 & 93 (Guillemard Road / Tanjong Katong Road / Haig Road / Changi Road / Joo Chiat / Telok Kurau area), and Sectors 95 to 97 (Siglap / Upper East Coast / Bedok South / Bedok Road / Marine Parade area).

There is no change in the DC rates of Use Group B2 {Residential (non-landed)} for all sectors.

For Group C (Hotel/Hospital), the DC rates have an average increase of 26% with the largest increase of 46% in Sector 112 (Jurong Lake District / Jurong East / Bukit Batok / Clementi / West Coast area).

The DC rates for Group D (Industrial / Warehousing Use) have increased in 4 sectors, with increases ranging from 14% to 26% while there is no change in the remaining 114 sectors. The largest increase is 26% in Sector 115 (Woodlands / Senoko / Sembawang / Yishun area).

There are no changes in the DC rates of the remaining four use groups, Groups E – H.

The Use Groups Table and the number or boundaries of the 118 geographical sectors remain unchanged.

Also Read

Centurion JV inks 5-year master lease for HK property

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!

I want to download the media kit