HDB, URA hike public car park charges for the first time in 14 years

To keep up with inflation and maintenance costs.

The Housing & Development Board and the Urban Redevelopment Authority (URA) will raise public car park charges starting December 1 this year.

Under the new rates, the parking charge for areas outside of the restricted zone/designation area (RZ/DA) will be raise to $0.60 per half-hour, from $0.50 previously.

The parking charge for areas within the RZ/DA will be raised to $1.20 per half-hour from $1.00 previously.

Meanwhile, season parking rates in HDB car parks will be raised, but HDB will differentiate the charges.

Residents who buy season parking for their first car will pay a lower rate than those who require more than one parking lot or non-residents who use HDB carparks.

For non-residents and residents’ second and subsequent parking lot, the full rate for season parking will be $90 per month for surface car parks—a $25 increase—and $120 per month for sheltered car parks, representing a $30 increase.

For residents’ first parking lot, the parking charge will see a smaller increase of $15 for surface car parks—from $65 to $80 per month—and $20 for sheltered car parks, or from $90 to $110 per month.

“The last island-wide revision of car parking charges by HDB and URA was done 14 years ago in 2002. Over this period, the costs of building, operating and managing car parks have increased due to general inflation, as well as construction, manpower and other related maintenance costs. Car park charges have not kept pace with these cost increases. Therefore revisions are needed to ensure proper cost recovery,” the HDB said.