Friday, March 1, 2013

What you need to know about newly revised development charge rates

Published: 28 Feb 13

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. 

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

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