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Government eases DC rates for key use groups

The reductions come amid the overall price and rental weakness across the property market

BT_20160301_RAFFLES_PLACEEK9C_2142625.jpg
The largest contraction of 5.0 per cent was in Sectors 1 to 6, which include places such as Raffles Place (above), Phillip Street, Fullerton Road.

Singapore

AMID the overall price and rental weakness across various segments of the property market, the government has trimmed development charge rates for most of the major use groups for the Mar 1 to Aug 31 period this year.

Development charge (DC) is payable for enhancing the

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