Development charges raised for residential land sites

The fees that developers must pay to enhance the use of a land plot have been raised for residential land sites.

The rates rose by 7 per cent on average for sites earmarked for landed homes and by 5 per cent for sites to be used for non-landed homes, the Urban Redevelopment Authority said on Friday.

The largest rate increase for residential landed sites was 13 per cent, in areas such as Telok Kurau, Marine Parade, Killiney Road and Tanglin Road.

As for non-landed residential plots, the biggest increase was 28 per cent in areas such as Kim Tian Road.

Development charges for industrial use rose by 15 per cent on average, with the largest hike of 29 per cent being in areas such as Woodlands, Sin Ming industrial estate and Keppel Road.

Rates were unchanged for land meant for commercial property, hotel and hospital use.

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