1. The Land Betterment Charge (LBC) rates for the period 1 March 2024 to 31 August 2024 have been revised following a review by the Singapore Land Authority (SLA), in consultation with the Chief Valuer.

2. The LBC rates for Use Groups A (Commercial), B1 (Residential, landed), B2 (Residential, non-landed), C (Hotel/Hospital) and D (Industrial) have increased on average. The LBC rates remain unchanged for Use Group E (Place of Worship / Civic and Community Institution) and Use Groups F, G and H (see Appendix 1 for Table of LBC Rates).

LBC rates for Use Group A (Commercial)

3. The LBC rates for Use Group A (Commercial) have increased by 3.8% on average. 104 out of the 118 sectors saw an increase in LBC rates ranging from 3% to 9%, with the remaining 14 sectors seeing no change.

LBC rates for Use Group B1 (Residential, landed)

4. The LBC rates for Use Group B1 (Residential, landed) have increased by 7.8% on average. 116 out of the 118 sectors saw an increase in LBC rates ranging from 7% to 8%, with the remaining 2 sectors seeing no change.

LBC rates for Use Group B2 (Residential, non-landed)

5. The LBC rates for Use Group B2 (Residential, non-landed) have increased by 0.1% on average. 37 out of the 118 sectors saw an increase in LBC rates ranging from 3% to 14% while 27 out of the 118 sectors saw a decrease in LBC rates ranging from 1% to 19%, with the remaining 54 sectors seeing no change.

LBC rates for Use Group C (Hotel/Hospital)

6. The LBC rates for Use Group C (Hotel/Hospital) have increased by 0.7% on average. 18 out of the 118 sectors saw an increase in LBC rates of around 5%, with the remaining 100 sectors seeing no change.

LBC rates for Use Group D (Industrial)

7. The LBC rates for Use Group D (Industrial) have increased by 1.7% on average. 42 out of the 118 sectors saw an increase in LBC rates ranging from 3% to 5%, with the remaining 76 sectors seeing no change.

8. There are no changes to the Use Groups Table and the Geographical Sector maps.

9. The revised LBC rates (Appendix 1), to be read in conjunction with the Use Groups Table (Appendix 2) and the set of Geographical Sector maps* (Map A and Map B), take effect from 1 March 2024. The new rates will apply to cases which are granted Provisional Permission (PP) or 2^nd and subsequent extensions to the PP on or after the effective date.

10. For enquiries on geographical sectors and use groups, please contact SLA at SLA_Enquiry@sla.gov.sg.

* Please use the Land Betterment Charge (LBC) Sector Maps and Rates to find out the LBC sector number and rates of a particular site.

=== End ===

Issued by:

The Singapore Land Authority

29 February 2024