DC rates for non-landed residential use dip on weaker home prices
No change for landed and industrial use; 9% average rise for places of worship, hotels
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Kalpana Rashiwala
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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.
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