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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

Analysts say the rate hike in Sector 19 was due to the S$1,733 per square foot per plot ratio (psf ppr) winning bid for a 99-year leasehold site in Jiak Kim Street (the former site of the Zouk nightspot) in the state tender last December.


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...