24% average hike in commercial use DC rates while those for hotel use rise 26%. The government has increased development charge (DC)rates by a staggering 24 per cent on average for commercial use
and 26 per cent for hotel use  ‐ on the back of strong land bids at state tenders in the past six months.

In the residential segment,the average DC rate was raised 4 per cent for landed use but rates were leŌ unchanged for non‐landed use. The average DC rate for industrial use edged up 0.6 per cent. For commercial use, the biggest DC rate hike of 39 per cent was in geographical sectors 114 and 115 (which include Yishun, Sembawang, Woodlands, Choa Chu Kang and Jurong West). The increase was due to the sale of a mixed commercial and residential site at the corner of Yishun Ring Road and Yishun Avenue 9 at a state tender which closed in January for $794 per square foot of potential gross floor area (GFA).

The commercial DC rate for Sector 60 (which includes Thomson Road, Irrawaddy Road and Moulme in Road) climbed 33 per cent, supported by the sale of a white site in December for a record $1,632 psf per plot ratio (psf ppr), a premium of 103 per cent to the land value implied by Sept 1, 2012 commercial use DC rate. For the hotel use group, the biggest jump of 46 per cent was in Sector 112 (which includes the Jurong Lake District). In November, a Resorts World Singapore subsidiary paid $1,167 psf ppr for a 99‐year
hotel plot at Jurong Town Hall Road, a new high for hotel land. Industrial use DC rates were kept unchanged in 114 sectors and raised in the other four. Sector 115 registered the biggest hike of 26 per cent, supported by winning bids at state tenders in Yishun Avenue 9 and Woodlands Avenue 10.

Source: AmFraser