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Development charge rates raised by 9.8% for non-landed residential land use

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SINGAPORE – The development charge (DC) rates for redeveloping land have gone up for commercial and industrial sites, as well as plots slated for non-landed private homes, and hotels and hospitals.

Land zoned for non-landed residential use saw an average increase of 9.8 per cent, the Ministry of National Development (MND) said on Friday (Aug 31) – down sharply from the 22.8 per cent hike in March.

DC rates for commercial sites were raised by 8.3 per cent on average, up from a 2.7 per cent increase previously, with the average rate for hotels and hospitals up by 11.8 per cent and the average increase for industrial sites coming in at 2.1 per cent after staying flat in the previous revision exercise.

Source: https://www.straitstimes.com/business/property/development-charge-rates-hiked-by-98-for-non-landed-residential-land-use