DC rates cut by average of 7.8% for hotel use, 3.6% for commercial use

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THE Singapore government has cut the development charge (DC) rates for commercial, non-landed residential, hotel/hospital, and industrial use groups for the period Sept 1, 2020 to Feb 28, 2021. Read more at The Business Times.

• Sector 41 • Sector 43 .

DC rates for industrial use were trimmed in 52 sectors by between 2 per cent and 3 per cent, with no changes in the remaining 66 sectors. There were no changes in DC rates for the other use groups: landed-residential, place of worship/civic and community institution, open space/nature reserve, agriculture, and drain/road/railway/cemetery.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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