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DC rates rise to play catch-up with land prices

Average rates up 4% for non-landed residential, 1.3% for commercial and 2.6% for hotel use; down for industrial

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Amid strong developer appetite for condo development sites which has buoyed land prices, the government has upped the average DC (development charge) rate for non-landed residential use by 4 per cent for the March 1-Aug 31, 2017 period.

Singapore

AMID strong developer appetite for condo development sites which has buoyed land prices, the government has upped the average DC (development charge) rate for non-landed residential use by 4 per cent for the March 1-Aug 31, 2017 period.

This is the second consecutive hike

sentifi.com

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