The formula for calculating land premium payable for remnant State land based on 50% of the full land value computed based on the applicable DC rate is:

Land premium = Area of Remnant State Land x Master Plan GPR x Applicable DC Rate x 5/7 x Leasehold Factor (only applicable for leases that have 99 years or less in tenure)

Master Plan Gross Plot Ratio

Identify the Master Plan gross plot ratio and zoning from URA’s Master Plan.

Applicable DC rate

Step 1 – Determine Geographical Location of Subject Property

Find out from OneMap the major roads surrounding the subject property.

Next, identify the geographical sector number of the subject property from URA’s DC Sector Maps with reference to the major roads.

Step 2 – Determine Use Group of the Subject Property

Identify the use group of the subject property from URA’s Use Group Tables e.g. residential (landed dwelling-house) comes under use group B1.

Step 3 – Determine applicable DC rate for the Subject Property

Determine the applicable DC rate for the subject property from URA’s Table of DC Rates. The applicable DC rate at the date of Notice of Preliminary Terms and Conditions, offer, or closed tender (whichever is applicable) will be used.

Once you have selected the appropriate Table of DC rates, match the geographical sector number of the subject property against the use group of the subject property to determine the applicable DC rate.

Leasehold Factor

Where remnant State lands are sold on a leasehold basis for a tenure less than or equal to 99 years, the premium will be adjusted accordingly using the Leasehold Table.

Please refer to Change in Determination of Land Value for Remnant State Lands for more details.

Remnant lands are small and/or irregularly-shaped plots of land left over after development. They are incapable of independent development by virtue of their size and shape. They however have the potential to enhance the economic value and use of adjoining lands.

The premium payable for remnant State land is generally based on 50% of the full land value. This is determined by applying the factor of 5/7 to the applicable Development Charge (DC) rate (the premium computed on this basis will henceforth be referred to as “50% of the full land value computed based on the applicable DC rate”). Please see FAQ 8 for the formula to calculate the land premium for remnant land based on 50% of the full land value computed based on the applicable DC rate.

The applicable DC rate at the date of Notice of Preliminary Terms and Conditions, offer, or closed tender (whichever is applicable) for sale of the remnant land will be used.

However, in certain cases where the remnant land adds synergistic value to the adjoining parcel, the premium payable may be determined using 50% of the enhancement in land value of the amalgamated site as assessed by Chief Valuer, and the premium payable in such instances could be higher than that calculated on the basis of 50% of the full land value computed based on the applicable DC rate.

You can find out the ownership status of a plot of remnant land via OneMap and INLIS (Integrated Land Information Services).

There are two ways. 

1. If the remnant State land adjoins only your property, it can be sold directly to you, or
2. If the remnant State land adjoins several properties, SLA will invite all interested property owners to bid for the remnant land in a closed tender. The land will be awarded to the highest bidder whose bid is equal to or higher than the reserve price.