28 Feb '13, 10am

Govt revises DC rates #PR

The Ministry of National Development (MND) has revised the development charge (DC) rates for the period from 1 March to 31 August this year. The DC rates for Group A (Commercial) have increased by an average of 24 percent, with the largest increase of 39 percent in Sectors 114 and 115 (Yishun / Sembawang / Woodlands / Choa Chu Kang / Jurong West area). The DC rates for Group B1 (Residential (landed)) have increased by an average of four percent, with increases ranging from seven percent to 15 percent in 41 sectors and no change in DC rates for the remaining 77 sectors. The largest increase in Group B1 rate is 15 percent in Sectors 92 and 93 (Guillemard Road / Tanjong Katong Road / Haig Road / Changi Road / Joo Chiat / Telok Kurau area), and Sectors 95 to 97 (Siglap / Upper East Coast / Bedok South / Bedok Road / Marine Parade area). There is no change in the DC rates of Us...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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