Developers will have little to cheer about in what is already a tough market, with development charge (DC) rates for residential sites set to remain unchanged until Feb 29, 2016 at the earliest.
The Ministry of National Development said yesterday that the rates for both landed and non-landed residential sites will stay the same.
Rates for sites to be used for most other purposes, including commercial and hospitality, will also not budge, but those for industrial use sites will be reduced by an average of 3%.
DCs, which developers pay to the government to enhance the use of a site or build a bigger project, are reviewed every six months and revised according to market values.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
The Ministry of National Development said yesterday that the rates for both landed and non-landed residential sites will stay the same.
Rates for sites to be used for most other purposes, including commercial and hospitality, will also not budge, but those for industrial use sites will be reduced by an average of 3%.
DCs, which developers pay to the government to enhance the use of a site or build a bigger project, are reviewed every six months and revised according to market values.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment