LBC rates for residential, commercial, industrial, hotel uses raised


LBC rates for commercial use increased by 3.8% on average, up from a 0.4% rise in the previous revision. — The Straits Times

LAND betterment charge (LBC) rates for key use groups – residential, commercial, industrial and hotels – in Singapore for the next half year have all been raised for the first time since a September 2011 review.

Developers pay an LBC for the right to enhance the use of some sites or to build bigger projects on them.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Maxis solid dividend trend forecast to continue
Tex Cycle acquires 60% in SEL
Saliran eyes RM22mil from IPO, S-E Asia expansion
MPI 2Q revenue improves
Southern Cable bags RM404mil TNB contracts
Positivity in sector despite panic selling
Hektar-REIT acquires industrial asset
SC partners with ICAEW to enhance capacity-building
Perdana Petroleum posts higher net profit in FY24
Ringgit ends higher against greenback

Others Also Read