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Development charges for non-landed homes trimmed 0.2% on average

The development charge (DC) rates for non-landed residential use have been slashed by 0.2% on average, on the back of a muted Government Land Sales (GLS) bidding and slower economic outlook.

5 out of the 118 sectors witnessed a DC rates reduction of between 3% and 7%. Rates were unchanged for the other 113 sectors.

The biggest decrease of 7% applies to Sector 34 which include areas like Sophia Road and Upper Wilkie Road as well as Sector 35 which include Cavenagh Road, and Bukit Timah Road.

– March 2, 2020

Read Full Article at https://www.propertyguru.com.sg/property-management-news/2020/3/186383/development-charges-for-non-landed-homes-trimmed-0-2-on-average

Posted in Singapore Property News and tagged .