Holland Village Extension
PUBLISHED FEB 28, 2017, 5:56 PM SGT
SINGAPORE – improvement expenses (DC) were revised upwards for some segments of the real property market amid progressed sentiment within the belongings market.
The expenses are levied via the authorities for enhancing the usage of a few sites, or constructing larger projects on them. they may be revised on a half of every year foundation by using the Ministry of national development (MND), in consultation with the leader Valuer.
MND stated on Tuesday (Feb 28) DC prices for three use agencies – industrial, non-landed residential and motel or medical institution – have gone up, even as DC prices for industry use have decreased. however, the improvement charges will continue to be unchanged for landed residential, region of worship or civic and network organization and other use corporations.
The DC quotes for industrial use rose with the aid of 1.three according to cent on common, with the largest growth of 29 according to cent in the Shenton manner/Raffles Quay/ Marina Bay monetary centre location.
condominium DC prices climbed an average of four in keeping with cent, with the sharpest increase of 17 in line with cent for two sectors covering areas inclusive of Jalan Besar, Serangoon road and Balestier avenue.
MND said DC rates for inn or health facility went up by 2.6 in keeping with cent on common, with the steepest growth of 19 per cent in numerous sectors including Tampines road, top Paya Lebar, Ang Mo Kio road three and six, Lornie avenue, Yuan Ching road.
in the meantime, DC prices for enterprise use have been slashed with the aid of three.7 in step with cent on common. the largest decline of 14 in step with cent became seen in sectors comprising areas consisting of Tampines street, Punggol, Sengkang, Boon Lay, Jurong West and Tuas.
The revised slate will apply for the duration March 1 to Aug 31 2017.
WhatsApp us