News

Revision Of Development Charge Rates 
Posted on Friday, August 31, 2007 - 09:00 PM

The Ministry of National Development, in consultation with the Chief Valuer, has revised the rates of development charges (DC) for the period 1 Sep 2007 to 29 Feb 2008. The revised rates are due to increase in market values. The revised table of DC rates will take effect from 1 Sep 2007.

DC rates for use groups A, B1, B2, C & D have increased; while the other use groups E-H remain unchanged (see Appendix 1 - at www.ura.gov.sg - for Table of DC rates and Appendix 2 for the list of use group). When compared against the Jul 2007 DC table which has reflected the latest 70% DC levy, the rates for Commercial use group A have risen by an average of 42%, Residential (landed) use group B1 by 11%, Residential (non-landed) use group B2 increased by 58%, Hotel and hospital use group C by 23%; and Industry/warehouse use group D by 2%.

There is no change to the number of geographical sectors and their boundaries. The revised rates would also apply to cases which are granted 2nd or subsequent extension to their Provisional Permission.

If there is disagreement over the rate of DC payable for any development proposal under Use Groups A-H, developers and owners can opt for case-by-case valuation by the Chief Valuer as provided for in the Planning Act.

For any enquiries on DC sectors and use groups, please contact Ms Heng Siok Ngo of URA at Tel: 6321 6506, and for those on valuation matters, please contact Ms Loh Chye Ling of IRAS at Tel: 6351 4138.

Issued by the Ministry of National Development