Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven

Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven
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Tuesday, 1 September 2015

Charges for intensifying use of land in S’pore are mostly unchanged

Charges for intensifying use of land in S’pore are mostly unchanged
Charges for intensifying use of land in S’pore are mostly unchanged
The development charge (DC) rates for land uses for the next six months remain unchanged, with the exception of industrial use.
DC rates - which are levied by the government on developers who intensify the use of land - for commercial, residential, hotel/hospital, place of worship/civic and community institution uses have been left unchanged for the period from Sept 1, 2015 to Feb 29, 2016, said the Ministry of National Development today.
DC rates on land for industrial use, however, were cut by an average of 3 per cent, with a magnitude ranging 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 largest decrease, with a 4 per cent drop, applies to places like Kaki Bukit, Simei, Boon Lay and Jurong West.
DC rates are revised twice a year - on March 1 and Sept 1.
The Straits Timts/ Business                                              Published on Monday, 31 August 2015   By Dennis Chan - Deputy Money Editor                                                                                       Charges for intensifying use of land in S’pore are mostly unchanged
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