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Development charges for non-landed housing up 13.8%

  • The development charge (DC) rates for landed residential, non-landed housing and commercial space have been revised upwards for the period of 1 September 2017 to 28 February 2018, the Ministry of National Development said last Friday (31 August).
  • DC is a tax that developers need to pay when they want to build projects that intensify land value, such as increasing the plot ratio and rezoning the site for other uses.

Read Full Article at http://www.propertyguru.com.sg/property-management-news/2017/9/159785/development-charges-for-non-landed-housing-up-13-8

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