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Direction of DC rates reversed for three use groups - for six months

On average, these rates are up by 2.7% for non-landed residential use, 0.6% for commercial use and 1.4% for hotel/hospital use
Thursday, September 1, 2016 - 05:50

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The government has reversed the direction of development charge (DC) rates for three key use groups for the Sept 1, 2016, to Feb 28, 2017, period - on the back of improved sentiment in the property investment sales market.

Singapore

THE government has reversed the direction of development charge (DC) rates for three key use groups for the Sept 1, 2016, to Feb 28, 2017, period - on the back of improved sentiment in the property investment sales market.

DC is payable for enhancing the use of some sites

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