Land betterment charge
Land betterment charges for commercial, residential and industrial uses go up by 0.1% to 1.6% on average
Rates for place of worship, civic and community institution use to rise by 2.9% on average; rates for hotel, hospital, nursing home use to remain unchanged
LBC rates up average 0.1% to 3% for commercial, residential, industrial and hotel use groups
Land betterment charge rates for place of worship and civic and community institution use group are raised by 6% on average
Land betterment charge rates cut by 5.4% on average for non-landed residential use
Rates are up for landed residential, commercial and hotel/hospital use groups; no change for industrial use group
Latest land betterment charge rates reflect hot suburban vs cool prime condo markets
Rates up an average 3.8% for commercial, 7.8% for landed residential, 0.1% for non-landed residential, 0.7% for hotel, and 1.7% for industrial use
Singapore residential developers need a more equitable land betterment charge formula
PROPERTY groups’ profit margins for Singapore residential developments have whittled down significantly over the years. And this has weighed on the market valuations for the likes of City Developments...
Cut in land betterment charge rates for non-landed housing not expected to lift en bloc deals
LBC rates raised by average of 0.4% for commercial use and 3% for hotel use; no change for all other uses including landed residential and industrial
Land betterment charge rates for non-landed residential use raised by 0.3% on average
Rates increased by average of 0.4% for landed residential use, and 1% for hotel/hospital use group; no changes for commercial and industrial use groups
