Development charge rates up 0.3% for non-landed residential use, 1.5% cut for commercial use
Increase for non-landed residential rates is the first since rates began trending down in March 2019
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Singapore
IN tandem with the improving Singapore private housing market, the government has upped development charge (DC) rates for the landed and non-landed residential use groups for the half-year period starting March 1.
However, it is trimming DC rates for commercial use for the second consecutive time, albeit by a moderated 1.5 per cent on average, following the 3.6 per cent reduction during the previous revision that took effect Sept 1, 2020.
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