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.
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