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Development charges raised for residential sites

By Charlene Chin

/ EdgeProp Singapore |

August 31, 2021 8:12 PM SGT

SINGAPORE (EDGEPROP) - The Singapore government has raised the development charge (DC) rates for sites zoned for residential use, with charges for residential non-landed use rising by 10.9% on average, and residential landed use increasing by 6.3% on average.

For residential non-landed use, DC rate hikes are the highest (19%) in Sector 16 and 107, which covers the Chinatown, Duxton, Cantonment Road, Upper Thomson Road, Lentor Avenue and Ang Mo Kio Avenue 6 areas, among others.

Altogether, there are 118 geographical sectors in the city-state.

The charges are effective for the period Sept 1, 2021, to Feb 28, 2022, and are reviewed every six months by the Ministry of National Development, in consultation with the chief valuer at the Inland Revenue Authority of Singapore.

The development charge is a tax that is levied when planning permission is granted to carry out development projects that increase the value of the land, such as when the site is rezoned to a use of higher value, or the plot ratio is increased.

DC rates for commercial use fell by 0.7% on average, while DC rates for the use groups of hotel/hospital, industrial, place of worship/civic and community institution, open space, agriculture, and roads/railways remain the same.

Tags:

Development charge

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