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No development charges for 3 former KTM sites in S'pore

Singapore

A LAND development charge dispute which threatened to derail joint mega property projects related to three former Malayan Railway (KTM) sites in Singapore has been resolved.

On Friday, the foreign ministries of Singapore and Malaysia revealed in a joint statement that the Permanent Court of Arbitration at The Hague in Netherlands has decided that M+S Pte Ltd need not pay development charges on the three sites at Tanjong Pagar, Kranji and Woodlands.

M+S is the joint venture company which is...

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