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I have the same problem. After upgrading vom Subversion 1.6 to 1.7 and upgrading to the new Subversion Folder Structure the SQL Developer hangs and crashed.
I also tried to do a manual svnkit update in SQL Developer Plugins but it didn't work at all.
Dear Oracle SQL Developer Team: please ensure compatibility to Subversion 1.7 since it has so many improvements compared to 1.6