betterment

Land Betterment Charge for Non-landed Residential Use Slashed, Orchard Retail Rent to Rise 6% in 2023, and More

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Land Betterment Charge for Non-landed Residential Use Slashed, Orchard Retail Rent to Rise 6% in 2023, and More

In the latest development, the revised land betterment charge will provide a financial respite for non-landed residential properties, with a significant reduction. Meanwhile, Orchard retail landlords brace for a 6% rental hike by 2023. Stay informed on these shifting dynamics in the real estate sector.

Average 3% to 11% drop in Land Betterment Charge for residential, non-landed use

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Average 3% to 11% drop in Land Betterment Charge for residential, non-landed use

A significant reduction of 3% to 11% in Land Betterment Charges (LBC) for residential, non-landed usage has been observed. The decrease is expected to relieve financial burdens on property owners while stimulating the housing market. This move comes as a respite amidst ongoing economic challenges, offering opportunities for prospective buyers and promoting economic growth in the real estate sector.