Hike in DC rates unlikely to derail en bloc fever soon
But the higher rates for non-landed residential use could dampen land bids, lower en bloc sellers' expectations
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Singapore
THE current collective sale market is unlikely to be derailed by the average 22.8 per cent hike in development charge (DC) rates for non-landed residential use in the next six months, say property consultants.
However, they say the latest set of DC rates, payable by developers seeking to enhance the use of a site or to build a bigger project on it, could tame developers' land bids. Some en bloc sellers may also need to rethink their price expectations.
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