Development Charge average rate for landed residential sector rose 4.8% after previous 6.3% increase
The Ministry of National Development (MND) has released its half-yearly revision to the Development Charge (DC) rates across multiple property groups. Imposed on property developers, Development Charges are revised every six months and apply on a per square metres basis based on geographical sector and property group type. Based on MND’s and URA’s release, there are 118 geographical sectors and...
Source: asiaone.com