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Singapore launched an LBC estimator tool and raised land charges by 0.5% to 23%, effective March 1, 2026.
Singapore has launched an online Land Betterment Charge (LBC) estimator on its OneMap portal, allowing developers to forecast costs upfront by testing project scenarios, improving financial planning and transparency.
The tool, introduced on February 27, 2026, reduces reliance on spot valuations and streamlines development approvals.
On the same day, the government also increased LBC rates across most property sectors by 0.5% to 23%, effective March 1, with only hotel, hospital, and nursing home rates unchanged.
The updates are part of broader efforts to enhance efficiency in land use planning, including accelerated spot assessments and a pilot digital conveyancing portal.
Singapur lanzó una herramienta de estimador de LBC y aumentó los cargos por tierras en un 0,5% al 23%, a partir del 1 de marzo de 2026.