Computation of development charge according to appreciation in land value
10. For the purposes of section 39(3) of the Act, a development charge —
(a)
in respect of any written permission to develop any land for a business zone commercial use, shall be an amount equal to 100% of any appreciation in the value of the land arising from the grant of the written permission to develop the land for that purpose;
(b)
in respect of any written permission to develop any land for any other purpose, shall be an amount equal to 70% of any appreciation in the value of the land arising from the grant of the written permission to develop the land.