The Business Times

Land betterment charge

Property
SINGAPORE PROPERTY

Land betterment charges for commercial, residential and industrial uses go up by 0.1% to 1.6% on average

Developers pay an LBC for the right to enhance the use of some sites or to build bigger projects on them.
Companies & Markets
SINGAPORE PROPERTY

LBC rates up average 0.1% to 3% for commercial, residential, industrial and hotel use groups

Generic photos for Budget 2024
Residential
SINGAPORE PROPERTY

Land betterment charge rates cut by 5.4% on average for non-landed residential use

Land betterment charge rates for non-landed residential use were raised by 0.1 per cent on average.
Commercial & Industrial

Latest land betterment charge rates reflect hot suburban vs cool prime condo markets

Margins are at a point where one could question the rationale for continuing the Singapore private housing business.
Residential
HOCK LOCK SIEW

Singapore residential developers need a more equitable land betterment charge formula

Land betterment charge rates for landed residential use have been left unchanged.
Residential

Cut in land betterment charge rates for non-landed housing not expected to lift en bloc deals

Developers pay a land betterment charge for the right to enhance the use of some sites or to build bigger projects on them.
Residential

Land betterment charge rates for non-landed residential use raised by 0.3% on average

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