Development Charges Revision

Development Charges (DC) is a tax on the enhancement in land value arising from the change of land use or increase in development intensity.

When compared against the Jul07 DC table (which has already reflected the latest 70% DC levy), the percentage of average rates changed are as follows:

Group A - Commercial: 42%
Group B1 - Landed Residential: 11%
Group B2 - Non-landed Residential: 58%
Group C - Hotel & Hospital: 23%
Group D - Industrial & Warehouse: 2%

[Note: In Jul07, there was an unexpected DC increment fr 50% to 70%. Usually, DC is reviewed and revised in March & September annually]

* URA-DC , URA-DC Table , URA-Grouping , CNA-DC , SLA-Jul DC Incr *

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Guess the en-bloc sale will slow down even more (cum Govt's new legistration on en-bloc sale procedure) and relieve a bit on the mkt supply crunch.

* AisaOne-Enbloc Changes , CNA-Enbloc Changes , CNA-Effect *