Religious groups set to pay less for leasehold land with ballot system replacing competitive tenders
SINGAPORE – Religious organisations are set to pay less for new leasehold land and lease renewals, after the Government revised its policies for allocating land to places of worship.
High winning bids affected not just organisations looking for new sites, but also those already on leasehold land, as recent bids are factored into the valuation of lease renewal premiums. Mosque sites are directly allocated to the Islamic Religious Council of Singapore , which centrally coordinates mosque development.
As for church sites, the average winning bid across four sites awarded between 2011 and 2020 was about $2,963 per sq m per plot ratio, up from bids that averaged about $1,902 per sq m per plot ratio across eight sites awarded in the decade before.
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