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Hikes in DC rates mirror broad-based recovery in most segments of S'pore property market
The government has raised development charge (DC) rates for the landed and non-landed residential, commercial and industrial use groups.
The exception was for the use group that includes hotels — a sector that has posted a relatively muted performance under the weight of the prolonged pandemic — which saw a 0.7 per cent drop in the average DC rate for the next half-year starting Mar 1, 2022.