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At least I did not see too much affect to Ho Bee
"Government's action in rezoning the site to a higher value
use or increasing the plot ratio"
The charge applies to land revalue DUE TO GOVERNMENT's ACTION IN REZONING THE SITE TO A HIGHER VALUE USE etc
so normal land value appreciation is not applicable to this charge. unless gov just build a lot of MRT around your house.
and Ho Bee got so many projects in Sentosa, which is before this act, I see it is not so big deal. .
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