Vincent Ong 6598531741

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.

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