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Home > Land
Lease Policies & Procedures > Relaxation Of Rules |
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Subject
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Relaxed Rules
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Effective Date of Implementation
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| Lease Management |
- Property Tax On Licences < 3 Years: -
HDB would absorb the property tax payable on new vacant land allocated
on temporary allocation basis.
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- Lifting Of 10% Levy On Under-Developed Land
The 10% levy to ensure that industrialists maximise the use of
land by building to a GPR > 1.0. Given today's change in how
business operates and other incentives to encourage maximisation
of use, the levy has thus been removed.
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Last updated on 15/01/2008
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