Development Charge (DC) Fixed Rate Table method – Office for sale in Singapore
DC Table – contains rates for different land use groups according to geographical areas. office for sale in Singapore.
- Island divided into 118 geographical sectors
- 10 Use Groups (including 2 residential use groups)
DC Tables revised half-yearly in March and September reflecting state of market
Question: Sector 5, Development Charge Table shows:
Landed residential rate = $2,240/sqm. When rezoned to commercial, commercial rate = $8,400/sqm. Land area is 2,000 sq m. Gross plot ratio for commercial is 3 and residential is 2. Calculate the DC payable. (Lecturer shall go through the calculation with students in class.)
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