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