By Wong Siew Ying | POSTED: 28 Feb 2014 21:15 | CNA


Development charges, which have to be paid when a property site is developed into more valuable project, have been raised for selected sectors.

The steepest increase is seen in the commercial sector.

In a statement on Friday, the Ministry of National Development said the development charge (DC) rates for commercial sector will climb by an average of 15 percent.

The increase ranges from 14 to 29 percent – with the largest jump seen in areas including Sixth Avenue, Holland Road, Alexandra Road, and Farrer Road.

For residential property, DC rates for some landed sites have risen by 9 to 10 percent.

The largest increase will be imposed in areas such as New Upper Changi Road, Tampines, Paya Lebar, Upper Thomson Road, Clementi and Upper Bukit Timah.

Meanwhile, some sites for non-landed residential use will also see DC rates go up by 6 to 10 percent.

The ministry said the largest increase of 10 percent is in Paya Lebar, Aljunied, Macpherson, Sims Avenue and Eunos Link.

The DC rates for hotel/hospital have increased by an average of 13 percent nearly islandwide, with the steepest hike of 31 percent in areas including Changi Road, East Coast and Marine Parade.

The DC rates for other sectors remain unchanged.

A review of the DC rates is carried out on a half-yearly basis, with the next one due at the end of August 2014.

– CNA/de