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
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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