60 cents per half hour to park outside RZ
PUBLIC parking charges across the island will go up by as much as 27 per cent from December this year, when the results of a government review on carpark fees kick in.
Under the new charges, drivers will have to pay $1.20 per half hour - up from the $1 currently - to park in the Restricted Zone (RZ) or city area. Outside the RZ, it will cost $0.60 per half hour, up from $0.50.
Monthly season parking rates will also go up by between $15 and $20 for each household's first car.
Residents who use carparks with both surface and sheltered lots will have to pay $95 a month, up from $75 - an increase of 27 per cent. Any subsequent car will be charged a higher amount.
The Housing Development Board (HDB) and Urban Redevelopment Authority (URA) made details of these changes public yesterday in a joint release, after The Straits Times reported last month that a review was under way.
This will be the first time public parking rates are being hiked since 2002, when charges were increased by about 10 per cent.
Since then, "the costs of building, operating and managing carparks have increased due to general inflation, as well as construction, manpower and other related maintenance costs", said HDB and URA in their release yesterday.
HDB and URA manage 607,000 and 24,000 parking spaces respectively.
There will be no changes to the parking charges for motorcycles.
The latest increase will bring public parking charges up to par with those of private operators in certain areas - particularly those outside the city.
The new parking coupons will be available for sale at HDB branches and service centres, URA Centre and coupon agents such as petrol stations and 7-11 outlets from early October.
Old parking coupons can be exchanged for new ones by topping up the difference in value.
Letters will also be sent to inform season-parking holders of their revised rates by September.
Experts said the differential charges for season parking pointed towards curbing car ownership.