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Average DC rates for industrial use cut 3% and commercial use 2%
THE government is trimming development charge (DC) rates - payable for enhancing the use of some sites or to build bigger projects on them - for commercial, non-landed residential, hotel/hospital and industrial uses.
However, DC rates for landed residential use, place of worship/civic and community institution, and other use groups remain unchanged.
The latest DC rates are for the period March 1, 2016 to August 31, 2016.
This was announced on Monday by the Ministry of National Development, which, in consultation with the Chief Valuer, revises DC rates twice a year - on March 1 and Sept 1. The rates are stated according to use groups across 118 geographical sectors in Singapore.
Industrial DC rates have been reduced by 3 per cent on average. MND said that 87 out of 118 geographical sectors have a reduction in DC rates ranging from 3 per cent to 16 per cent. Rates were left unchanged for the remaining 31 sectors. The biggest rate cut of 16 per cent is for Sector 114 , which includes Boon Lay, Jurong West, Pioneer, Tuas and Lim Chu Kang.
The DC rates for commercial use have been reduced by 2 per cent on average.
MND said that 105 out of 118 sectors have a reduction in DC rates ranging from 2-5 per cent. There is no change to the DC rates for the remaining 13 sectors. The biggest drop of 5 per cent applies to the following sectors:
a) Sectors 1 to 6 (Rochor Road/Ophir Road/Temasek Boulevard/Raffles
Boulevard/Raffles Place/Church Street/South Bridge Road/South Canal
b) Sector 11 (Shenton Way/Raffles Quay/Marina Bay Financial Centre);
c) Sector 23 (Oxley Rise/Oxley Road/Penang Road/Orchard Road/Dhoby
Ghaut/Handy Road/Selegie Road).
DC rates for non-landed residential use have been cut by one per cent on average. MND said 39 out of 118 sectors have a reduction in DC rates ranging from 2-4 per cent. Rates are unchanged for the remaining 79 sectors.
For the use group that covers hotels and hospitals, DC rates have gone down by 2 per cent on average. All sectors except Sectors 116 & 118 have a reduction in DC rates, ranging from 2-3 per cent.