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Development charge rates mostly unchanged in latest review

Sole change is that for non-landed residential use, with 0.2% average decrease, a third consecutive decline

Kalpana Rashiwala

Published Fri, Feb 28, 2020 · 09:50 PM

Singapore

THE government has left development charge (DC) rates largely unchanged for the next half year amid a generally stable property market over the past six months and thin transaction evidence.

The only use group with a change in DC rates in the latest revision, effective for the March 1 to Aug 31 period, is non-landed residential use, with a 0.2 per cent average decrease.