DC rates raised for non-landed residential, commercial and hotel/hospital uses
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THE government is raising development charge (DC) rates, payable for enhancing the use of some sites or to build bigger projects on them, for commercial, non-landed residential and hotel/hospital uses.
However, it has cut DC rates for industrial use.
DC rates remained unchanged for landed residential, place of worship/civic and community institution, and other use groups.
The latest DC rates are for the period of March 1, 2017, to Aug 31, 2017. This was announced on Tuesday by the Ministry of National Development, which, in consultation with the chief valuer, revises DC rates twice a year - on March 1 and Sept 1.
On average, DC rates have been raised by 4 per cent for non-landed residential use, 2.6 per cent for hotel/hospital use and 1.3 per cent for commercial use.
DC rates for industrial use have been clipped by 3.7 per cent on average.
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DC rates are stated according to use groups across 118 geographical sectors in Singapore.
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