Commentary

Property Prices May Get Even More Expensive In 2023: Why New Land Betterment Charge Rates Will Affect Prices

  • September 26, 2022
  • 7 min read
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Ryan J

Ryan is an old school print journalist gone digital. He's lived in almost every type of housing in Singapore, from flats to landed homes. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. He also spends too much time and money on painting little plastic soldiers.

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Alan
Alan
8 months ago

What is your take on the reasons behind the spike in LBC for the Boon Keng and Whampoa areas?

Stacked Homes
Admin
8 months ago
Reply to  Alan

Hey Alan, we mentioned that this could be due to the collective sale of Euro-Asia Apartments, which was sold for $221.80 mil ($1,313 psf ppr incl. bonus GFA for balconies).

Alan
Alan
7 months ago
Reply to  Stacked Homes

Thank you! I was partly trying to hazard a guess that a new MRT line, which appeared in LTMP 2040 earlier but did not show up on URA’s Concept Plan 2022, might be delayed, which means there will be more externalities to more intensive land uses (applications for higher plot ratios) without a MRT line in the pipeline to support such activities.

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