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Average development charge for industrial use trimmed 3%
THE government has trimmed development charge (DC) rates - payable for enhancing the use of some sites or to build bigger projects on them - for industrial use by an average of 3 per cent.
It has left DC rates unchanged for all other use groups - including commercial, landed and non-landed residential, hotel/hospital, place of worship/civic and community institution uses. The DC rates are for the period Sept 1, 2015 to Feb 29, 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.
DC rates for the major use groups are expressed as per square metre of gross floor area.
Elaborating on the rate cuts for industrial use, MND said the declines range from 3 per cent to 4 per cent for 87 out of 118 sectors. There is no change to the DC rates for the remaining 31 sectors. The biggest reduction of 4 per cent applies to the following sectors:
a. Sector 98 (Kaki Bukit/Bedok/Xilin Avenue/Simei/Changi South area)
b. Sector 100 (Tampines Road/Hougang/Punggol/Sengkang area)
c. Sector 106 (Sengkang West/Seletar area)
d. Sector 114 (Boon Lay/Jurong West/Pioneer/Tuas/Sungei Kadut/Choa Chu Kang/Lim Chu Kang area)
e. and 70 other sectors, namely: Sectors 1 to 18, 22 to 47, 50 to 53, 55, 57,
58, 60 to 69, 89 to 97.