Written Answer by Minister for Law K Shanmugam to PQ on Land Valuation for Community Centres and Community Clubs
21 Mar 2023 Posted in Parliamentary speeches and responses
Assoc Prof Jamus Lim (Member of Parliament for Sengkang GRC)
Question
To ask the Minister for Law how is the land valuation for community centres and community clubs calculated.
Written Answer:
1. The Answer relates to Community Centres and Clubs which are on land managed by the Singapore Land Authority (SLA).1 The vast majority of Community Centres and Clubs are on land managed by the SLA.
2. SLA values the rent for tenancies that it issues for Community Centres and Clubs at the prevailing market rate for Civic & Community Institution use, taking into consideration various parameters such as location, floor area, land area, and also the specific types of other uses (e.g. childcare centre, shops) within the development.
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1. There are a small number of Community Centres and Clubs, which, (for a number of reasons specific to the area, or how the land was allocated and so on) are on land managed by other Agencies/Ministries.↩
Last updated on 21 March 2023