Commentary

Time to revisit SLA Leasehold Table amid collective sale fever?

Under the revised Leasehold Table, using the redevelopment of the Golden Shoe Carpark (left) as an example, the developer would have to fork out a higher differential premium for enhancing the land from transport facilities to commercial use.
Under the revised Leasehold Table, using the redevelopment of the Golden Shoe Carpark (Above) as an example, the developer would have to fork out a higher differential premium for enhancing the land from transport facilities to commercial use. PHOTO: CAPITALAND
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In land-scarce Singapore, every inch of land is critical to the urban planners who strive to meet the infrastructural needs of the nation.

With current collective sales and urban rejuvenation taking place almost at every corner of the country, a substantial amount of tax revenue is collected, which can be used to fund future spending of the Government.

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A version of this article appeared in the print edition of The Straits Times on April 23, 2018, with the headline Time to revisit SLA Leasehold Table amid collective sale fever?. Subscribe