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Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
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Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
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Government hikes development charges for residential properties for 5th straight time

Property

Government hikes development charges for residential properties for 5th straight time

PC Lee Published on Sat, Sep 01, 2018 / 10:00 AM GMT+8

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SINGAPORE (Sept 1): Developers of residential and commercial real estate from today will have to pay higher development charges -- the fifth straight increase since Sept 2016.

This follows the revised development charge (DC) rates for the period from Sept 1 2018 to Feb 28 2019 by the Ministry of National Development which was announced on Friday night.

The DC is a tax levied on developers to carry out development projects that increase the value of land, including rezoning to a higher value use and increasing the plot ratio of the property.

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Government hikes development charges for residential properties for 5th straight time

Property

Government hikes development charges for residential properties for 5th straight time

Primary tabs

Error message

Government hikes development charges for residential properties for 5th straight time

Property

Government hikes development charges for residential properties for 5th straight time

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