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Development charges for hotel use jump 45.6%
DC rates for commercial use also raised 9.8% on average; non-landed residential rates down, but are not expected to revive the market for en bloc sales
Published Thu, Feb 28, 2019 · 09:50 PM
Singapore
AMID waning interest in private residential developments sites following last July's cooling measures, development charge (DC) rates for non-landed residential use have been lowered for the first time in three years.
In contrast, DC rates for hotel and commercial use - areas that have been hotbeds of investor interest - continue to rise.
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