294 views
Photo from Magnific

Commercial, residential, and industrial LBC rates rise from 1 September

Industrial properties recorded the largest average increase at 3.9%.

The Singapore Land Authority (SLA) has raised Land Betterment Charge (LBC) rates for commercial, residential, and industrial developments from 1 September to 28 February 2027.

LBC rates for industrial properties recorded the largest average increase at 3.9%, with all 118 geographical sectors seeing increases of about 2% to 10%.

Meanwhile, rates for landed residential properties rose by 3.5% on average, with 108 sectors recording increases of about 2% to 8%. Ten sectors were unchanged.

For non-landed residential properties, LBC rates grew by 3.4% on average. Rates went up in 70 sectors by about 1% to 29%, whilst the remaining 48 sectors saw no change.

Commercial LBC rates edged up by 1.7% on average, with 46 sectors recording increases of about 3% to 19%. Rates in the other 72 sectors remained unchanged.

Rates for places of worship and civic and community institutions climbed by 2.9% on average across all sectors.

LBC rates for hotels and hospitals remained unchanged, alongside Use Groups F, G and H, the SLA said.

The revised rates will apply to cases granted Provisional Permission, or second and subsequent extensions to Provisional Permission, on or after 1 September 2026.

The changes follow a review by the SLA in consultation with the Chief Valuer.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

Maybank deploys AI to prevent banking disruptions
ServiceNow will support technology monitoring across Malaysia, Singapore, and Indonesia under a five-year agreement.
SEC restricts Asia Pulp & Paper's green label amidst haze
The company must file daily fire reports or risk losing its SGLS+ certification.

Exclusives

Singapore opens door to foreign stablecoins under tighter rules
Banks may need separate companies to issue stablecoins under the proposed framework.
Singapore's most notable architecture professionals under 40 of 2026
The honourees span five firms, with women in the majority and a combined portfolio that includes a $960m hospital campus.