DC rates for non-landed residential use dip on weaker home prices

Singapore

THE authorities have trimmed development charge rates for non-landed residential use by an average of 1.6 per cent from Monday. This is not surprising given the weakening in non-landed private home prices, say analysts.

Landed residential DC rates were left untouched as were the rates for industrial use. For commercial use, DC rates were raised 1.9 per cent on average.

DC rates - which are payable for enhancing the use of some sites or building bigger projects on them - will go up by an average of 9 per cent each for two use groups: one which includes hotels and hospitals, and the other, places of worship and civic and community institutions.

The increase in the latter use-group is thought to have been supported by prices attained in the sale of sites by the state for temples and churches in locatio…