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SINGAPORE : The Ministry of National Development, in consultation with the Chief Valuer, has revised the rates of development charges (DC) together with the geographical sector boundaries for the period 1 September 2008 to 28 February 2009.
The Chief Valuer has taken into account the current market values in the half-yearly review of the rates.
Islandwide, the average DC rates for residential (non-landed) use decreased by 6 per cent, industry/warehouse use rates increased by 0.1 per cent, while the change in Business Zone Commercial use rates is negligible.
Boundaries of some geographical sectors have been re-demarcated to better reflect current market values based on existing physical ground conditions. - CNA/ms
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