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Old 2nd September 2010, 09:00 AM   #1 (permalink)
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Sentosa shows biggest increase in development charge rate hike

Sentosa shows biggest increase in development charge rate hike

DC rates for residential landed properties in Sentosa increased by 36 per cent.

Wed, Sep 01, 2010
AsiaOne


The Ministry of National Development (MND) has revised the development charges (DC) rates for the period from September 1, 2010 to February 28, 2011.

The largest increase in any category was the 35 per cent rise for landed residential rates in Sentosa. On average, DC rates for this category only rose by 13 per cent.

The DC rates for Group A (Commercial) have increased by an average of 1 per cent, with the largest increase of 25 per cent in Sector 112 (Jurong Lake District).

The DC rates for Group B2 {Residential (non-landed)} have also increased by an average of 13 per cent. The largest increase is 28 per cent in the Tanjong Rhu Area and in the Farrer Park / Balestier Area.

For Group D (Industrial Use), there is an increase of 10 per cent in DC rates on average, with the largest increase of 16 per cent in Sector 115 (Woodlands / Yishun area).

The DC rates for Group I (Business zone commercial use) have not changed significantly on average. The rates for 11 sectors have increased with Sector 112 (Jurong Lake District) being the highest, while the rates for 107 sectors have decreased. The DC rates for Group C (Hotel / Hospital) and the remaining four use groups are unchanged.

The revised DC rates will be effective from today.

Source: http://business.asiaone.com/Business...01-235089.html

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Old 2nd September 2010, 09:24 AM   #2 (permalink)
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Re: Sentosa shows biggest increase in development charge rate hike

Wow 13%

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