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Land Betterment Charge – Non-landed Residential
On average, LBC rates for non-landed homes increased 0.1% from Sep 2023 Biggest Increase
Sectors 103 and 104 (Toa Payoh/Potong Pasir) and Sector 112 (Clementi/West Coast), between 9% and 14%
Driven by GLS sites sold at Lorong 1 Toa Payoh and Clementi Ave 1
Collective Sale market may be cooled further Biggest Decrease
Sectors in the CCR see largest decrease between 11% and 19%
Decline is mainly due to the cooling measures of 60% ABSD on foreign buyers and investors
Sectors in Downtown core fell approximately 5% with no new GLS sites awarded
Land Betterment Charge – Landed Residential
On average, LBC rates for landed homes increased 7.8% from Sep 2023
116 of 118 sectors seeing increase between 7.5% and 8.4%
Due to the limited supply of landed properties, landed home prices escalated
Likely dampen demand for landed development sites (for multiple units) from developers
Landed prices may continue to increase, albeit at a moderated pace.
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