Singapore legislation
Regulation 18
Regulation 18
Historical Base Value
In this Order, the “Historical Base Value” of any land which is the subject of a chargeable consent for a development means —
if the Historical Base Value as in 2003 of the land is the development for which that land was allocated in the 1958 Master Plan, the value of that development worked out according to paragraph 17; or
if the Historical Base Value as in 2003 of the land is the development for which that land was allocated in the 1982 Master Plan, the value of that development worked out according to paragraph 17,which value must then be adjusted using the rate and the appropriate geographical sector of the land under the prevailing Table of Rates Regulations instead of the rate and the appropriate geographical sector of the land under the 2003 DC Rules.