26 Dec '17, 12am

How will rising Development Charges impact Singaporeans?

How will rising Development Charges impact Singaporeans?

Singapore is in the midst of an en-bloc fever, with developers (mainly wealthy ones from China) buying up land parcels at crazy prices. Will development charges affect the en-bloc value of my condominium? Amidst all the chaos, the government is tightening the screws: Development Charges (DC) are going up, which will add serious cost to any new projects. Here’s a rundown on how the DC could affect regular Singaporeans: Image Credits : URA One Map screen shot of Balestier (Zone 59), Paul Ho, iCompareLoan.com As you can see, the planning zone 59 for development charges are A (Shophouses, commercial, etc…) $7,560 per square meter, B1 (Landed residential estates) $4,340 per square meter and B2 (Non Landed residential) $6,650 per square meter. If development charges are high, that means that developers will have less incentive to buy from building owners to enhance the plot rati...

Full article: https://www.iproperty.com.sg/news/how-will-rising-develop...

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