Over the past few weeks, several developments have taken place that many analysts predict will impact future property prices. If you're a homeowner planning to buy or upgrade to a new property beyond the middle of next year, you might want to take note of these changes. In early September, the Urban Redevelopment Authority (URA) released a circular to harmonise.
When it comes to new launch prices, most Singaporeans are quick to pick up on the most obvious factors like land scarcity, agent commissions, or developer stamp duties. However, one factor that often slips under the radar – and that many Singaporeans have never even heard of – is the development charge, or DC, but now newly known as Land.