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Non-landed DC rates up 9.8% for fifth straight increase
Futures hikes expected to taper off; rates also up for commercial, industrial sites
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Published Fri, Aug 31, 2018 · 09:50 PM
Singapore
THE development charge (DC) rate for redeveloping land has been hiked for non-landed private homes for the fifth straight time, although watchers said that future increases could taper off as property-cooling measures put the lid on the collective-sale frenzy.
Rates for this land-use group have been raised by an average of 9.8 per cent for the next six months, in a move by the Ministry of National Development (MND) on Friday - down from the 22.8 per cent jump in March.
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