Friday, March 1, 2013

Here's why development charges for non-landed homes are flat

RESIDENTIAL PROPERTY | Staff Reporter, Singapore
Published: 1 Mar 13

Despite 16 home site sales.

According to Colliers International, surprisingly, the latest revision of DC rates for non-landed residential use remained flat for all the sectors.

This is despite the sales of 16 predominantly residential sites (including the collective sales of Thomson View) inclusive of 10 sites from the government land sales (GLS) programme, which reflected developers’ keen interests in several sites and the unabated rising land tender bids since the last review in September 2012.

"The government could possibly be monitoring the effects of the recent market cooling measures on the residential market, adopting a wait-and-see approach for this use group in this round of DC rate revision," Colliers International commented.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

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