Govt revises DC rates
By Romesh Navaratnarajah: The Ministry of National Development (MND) has revised the development charge (DC) rates for the period from 1 March to 31 August this year.
The DC rates for Group A (Commercial) have increased by an average of 24 percent, with the largest increase of 39 percent in Sectors 114 and 115 (Yishun / Sembawang / Woodlands / Choa Chu Kang / Jurong West area).
The DC rates for Group B1 (Residential (landed)) have increased by an average of four percent, with increases ranging from seven percent to 15 percent in 41 sectors and no change in DC rates for the remaining 77 sectors.
The largest increase in Group B1 rate is 15 percent in Sectors 92 and 93 (Guillemard Road / Tanjong Katong Road / Haig Road / Changi Road / Joo Chiat / Telok Kurau area), and Sectors 95 to 97 (Siglap / Upper East Coast / Bedok South / Bedok Road / Marine Parade area).
There is no change in the DC rates of Use Group B2 (Residential (non-landed)) for all sectors.
For Group C (Hotel/Hospital), the DC rates have an average increase of 26 percent with the largest increase of 46 percent in Sector 112 (Jurong Lake District / Jurong East / Bukit Batok / Clementi / West Coast area).
The DC rates for Group D (Industrial / Warehousing Use) have increased in four sectors, with increases ranging from 14 percent to 26 percent while there is no change in the remaining 114 sectors. The largest increase is 26 percent in Sector 115 (Woodlands / Senoko / Sembawang / Yishun area).
There are no changes to the DC rates for the remaining four Use Groups, Groups E (Place of Worship/Civic & Community Institution), F (Open Space), G (Agriculture) and H (Drain, road etc).
The Use Groups Table and the number or boundaries of the 118 geographical sectors remain unchanged.
The revised DC rates, to be read in conjunction with the Use Group Table and the set of Geographical Sector maps (Map A and Map B), will be effective from 1 March 2013. The new rates will apply to cases which are granted Provisional Permission (PP) or second and subsequent extension to the PP on or after the effective date.
If there is any disagreement over the DC payable for any development proposal, calculated based on the rates under the respective Use Groups, developers and owners can opt for a case-by-case valuation by the Chief Valuer, as provided for in the Planning Act.
Those who wish to find out more on DC sectors and use groups can contact Mr Loh Teck Hee from URA at 6321 8286. Those who have enquiries on valuation matters can contact Ms Elaine Leong from IRAS at 6351 2469. Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@allproperty.com.sg Related Stories: Budget 2013: Analyst Comments
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