You are here

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


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 -...

Market voices on: