{"id":48952,"date":"2022-03-01T19:20:33","date_gmt":"2022-03-01T11:20:33","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=48952"},"modified":"2022-06-13T17:58:20","modified_gmt":"2022-06-13T09:58:20","slug":"development-charge-dc-rate-landed-residential-rise-4-8","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/","title":{"rendered":"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase"},"content":{"rendered":"
<\/div>

The Ministry of National Development (MND) has released its half-yearly revision to the Development Charge (DC) rates across multiple property groups.<\/p>\n

Imposed on property developers<\/a>, Development Charges are revised every six months and apply on a per square metres basis<\/a> based on geographical sector and property group type. Based on MND’s and URA’s release<\/a>, there are 118 geographical sectors<\/a> and 9 Property Group Types<\/a>.<\/p>\n

For example, if you cross-reference the two on the Development Charge rates table<\/a>, you’ll find that landed residential developments (Group B1) in Sector 67 has a revised DC rate of S$15,400 per sqm. Previously, it was S$14,000 per sqm.<\/p>\n

DC rates are advised by the Chief Valuer (CV) of the Inland Revenue Authority of Singapore (IRAS), based on whether the land value has increased and is subjected to this tax. Assessed half-yearly, revision updates across all sectors are usually announced every 1st March and September.<\/p>\n

\"Cluny<\/a>
Developers bidding for parcels for landed residential development should note that Development Charge rates have been increasing on average since last year.<\/figcaption><\/figure>\n

Do DC rates affect property prices?<\/h2>\n

If you’re wondering if Development Charges affect property prices<\/a>, the immediate answer is an indirect yes. As developers’ land banks diminish, their tender submissions in government land sales or en bloc bids may rise. For competitive parcels like these GLS parcels<\/a>, the bid amounts could skyrocket or reach record-highs.<\/p>\n

If this goes unchecked, higher land sale prices may translate into higher per square foot pricing for residents and landlords. While DC often move in parallel with property prices, it is not always directly related, so it may sometimes be used as a way for the government to rein in developers from over-bidding and creating a pricing bubble, which will impact homebuyers as development costs trickle down.<\/p>\n

Not only that, DC also applies to developed projects, particularly those undergoing renovations or extensions. This usually applies to situations where an additional floor area or annexe wing needs to be added or the 99-year lease needs to be topped up.<\/p>\n

\"\"<\/a><\/p>\n

Landed Residential<\/h2>\n

In the latest DC rate revision, while most property types like commercial and non-landed residential saw average rate increases between 0.3-0.7% compared to six months ago, landed residential registered an average 4.8% rise (following an average 6.3% rise in September 2021).<\/p>\n

Within the landed residential group, Sector 67 (Cluny Road<\/a>, Napier Road, Tanglin<\/a>, Anderson Road, Stevens Road<\/a> and Dalvey Road<\/a>) saw a jump of 10% (on the heel of a +18.3% jump between September 2021-February 2022).<\/p>\n

This is followed by Sectors 47 (Oxley<\/a>), 63 (Whitley<\/a>, Malcolm<\/a>, Chancery), 64 (Mount Pleasant<\/a>, Caldecott<\/a>) and 91 (Mountbatten, Meyer, Broadrick) with a 9.1% increase each. So basically, landed home developments in primarily the central or GCB regions continue to see the most increases in DC rates.<\/p>\n

\"caldecott<\/a>
The 7-hectare Caldecott Hill site. Photo: Showsuite Consultancy and CBRE<\/figcaption><\/figure>\n

One reason for the consistent DC rate rise is due to strong demand in the Good Class Bungalow sector, or just the overall landed residential sector for that matter.<\/p>\n

We’ve reported a few like crypto billionaire Zhu Su’s Yarwood Avenue<\/a> purchase<\/a>, the 6 semi-detached houses purchased<\/a> by a Singaporean in his early 30s, the various freehold bungalows recently purchased<\/a> by 3 different companies around the same period, Fragrance Group’s James Koh’s recent bungalow purchases<\/a> and Mediacorp’s plans to develop 15 99-year-leasehold GCB plots<\/a> on its former Caldecott Broadcast Centre site.<\/p>\n

“The increase is largely within expectations,” shared Ms. Tricia Song (\u5b8b\u660e\u851a), Head of Research, Southeast Asia, CBRE, “with the strong activity observed in the GCB market which was boosted by fresh demand from digital economy entrepreneurs, key executives and continued demand from new citizens, amid Singapore\u2019s recovering economy, ample liquidity and the low-interest-rate environment.<\/p>\n

“DC rates in Sectors 63 (Chancery Lane, Dunearn Road, Whitley Road) and 64 (Lornie Road, Thomson Road) also saw an increase of 9.1%. There were a healthy number of transactions along Lornie Road in Caldecott Hill GCB Estate. Notably, 118 Lornie Road was sold for S$26.8 million at a record unit price for the area of S$2,545 psf.”<\/p>\n

\"Condos<\/a><\/p>\n

Non-Landed Residential<\/h2>\n

It is also interesting to note that for non-landed residential properties, the average rate increase is a modest 0.3%.<\/p>\n

In the previous half – between September 2021 and February 2022 – this group saw an average increase of 10.9%, with the highest increase of 19% in two sectors:<\/p>\n

\u2022 Sector 16 (Cantonment Road<\/a>\/ Eu Tong Sen Street\/ Cross Street\/ Chinatown Area<\/a>\/ Duxton Area<\/a>\/ Peck Seah Street\/ Kee Seng Street)<\/p>\n

\u2022 Sector 107 (Lentor Avenue\/ Springleaf Area<\/a>\/ Upper Thomson Road\/ Upper Peirce Reservoir\/ Pan-Island Expressway\/ Lornie Road\/ Marymount Road<\/a>\/ Ang Mo Kio Avenue 6<\/a>)<\/p>\n

Notably, these are areas with popular interest and amenities, particularly for EC (some outskirts), potential mixed-use condo developments and high en bloc potential for existing properties.<\/p>\n

\"Site<\/a><\/p>\n

With the latest rate rise of 0.3%, it could be a signal that there will be an expected easing in bullish sentiment on home prices, thanks in part to the December 16 cooling measures<\/a>.<\/p>\n

In this round, the sector with the highest DC rate increase of 15% is Sector 92 (Guillemard Road, Mountbatten Road, Old Airport Road<\/a>, Dunman Road, Tanjong Katong Road, Haig Road<\/a> and Geylang Road<\/a>), followed by 7.7% for Sector 50 (Tanjong Rhu, Rhu Cross, Kampong Arang, Jalan Batu and Stadium). Six out of 118 sectors had rate increases between 3-15%.<\/p>\n

“This is supported by the en bloc sale of Thiam Siew Avenue<\/a>, which was sold for S$815 million or (S$1,440 psf ppr, assuming 7% bonus balconies) and the strong outcome of GLS site Jalan Tembusu<\/a> which was awarded for $1,302 psf ppr. Sector 50 (Tg Rhu, Kampong Arang) also saw an increase of 7.7% in DC rates, which could have been boosted by the collective sale of La Ville<\/a>, which sold for S$1,477 psf ppr,” said CBRE’s Song.<\/p>\n

For the other sectors, the DC rate averaged increases are 0.7% (commercial) and 2.2% (industrial). DC rates remain unchanged for other groups such as place of worship\/civic and community institutions, open spaces, agricultural land and roads\/railways. For hotel\/hospital group, the DC rate has decreased by an average of 0.7%.<\/p>\n

“Besides a protracted pandemic situation, the weaker-than-expected outcome of the Marina View GLS site tender, which included a significant hotel component, evidenced continued poor sentiment for hospitality in the city centre,” shared Song with regards to the hotel\/hospital group. “Twenty-five out of the 118 sectors had a reduction in DC rates ranging from 2% to 10%, with the largest decrease of 10% in Sector 11 (Shenton Way\/ Straits Boulevard\/ Marina Boulevard\/ Raffles Quay).”<\/p>\n

–<\/p>\n

Any thoughts on how else Development Charges may affect property prices? Let us know in the comments section below or on our Facebook post<\/a>.<\/h2>\n

If you found this article helpful, check out Government slashes Development Charge rates to spur Covid-hit economy<\/a> and Will rising Development Charge affect property prices?<\/a><\/p>\n

Looking for a property? Find the home of your dreams today on Singapore\u2019s fastest-growing\u00a0property portal<\/a>\u00a099.co<\/a>! If you would like to estimate the potential value of your property, check out\u00a099.co<\/a>\u2019s Property Value Tool<\/a>\u00a0for free. Also, don\u2019t forget to join our Facebook\u00a0community page<\/a>\u00a0or Telegram\u00a0chat group<\/a>! Meanwhile, if you have an interesting property-related story to share with us, drop us a message\u00a0here<\/a>\u00a0\u2014 and we\u2019ll review it and get back to you.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ministry of National Development (MND) has released its half-yearly revision to the Development Charge (DC) rates across multiple property groups. Imposed on property developers, Development Charges are revised every six months and apply on a per square metres basis based on geographical sector and property group type. Based on MND’s and URA’s release, there…<\/p>\n","protected":false},"author":109,"featured_media":48115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,53912,57131],"tags":[54700,54455,57000,54091],"persona":[],"class_list":{"2":"type-post","14":"entry","15":"has-post-thumbnail"},"acf":[],"yoast_head":"\nDevelopment Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase - 99.co<\/title>\n<meta name=\"description\" content=\"In MND's latest Development Charge rate revision, while most property types like commercial and non-landed residential saw average rate increases between 0.3-0.7% compared to six months ago, landed residential registered an average 4.8% rise (following an average 6.3% rise in September 2021).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase\" \/>\n<meta property=\"og:description\" content=\"In MND's latest Development Charge rate revision, while most property types like commercial and non-landed residential saw average rate increases between 0.3-0.7% compared to six months ago, landed residential registered an average 4.8% rise (following an average 6.3% rise in September 2021).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-01T11:20:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-13T09:58:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/03\/Screenshot-2022-03-01-at-10.24.17-PM.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1190\" \/>\n\t<meta property=\"og:image:height\" content=\"504\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Terence Ang\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TechToyer\" \/>\n<meta name=\"twitter:site\" content=\"@99dotco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Terence Ang\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/\"},\"author\":{\"name\":\"Terence Ang\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/f3e098ccda6298679700376569e0f0f3\"},\"headline\":\"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase\",\"datePublished\":\"2022-03-01T11:20:33+00:00\",\"dateModified\":\"2022-06-13T09:58:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/\"},\"wordCount\":1205,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/02\/gilstead-road-bungalow-melvin-poh.jpg\",\"keywords\":[\"development charge\",\"en-bloc\",\"landed residential\",\"renovation\"],\"articleSection\":[\"Commercial News\",\"Landed Houses\",\"Property News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/\",\"name\":\"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase - 99.co\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/02\/gilstead-road-bungalow-melvin-poh.jpg\",\"datePublished\":\"2022-03-01T11:20:33+00:00\",\"dateModified\":\"2022-06-13T09:58:20+00:00\",\"description\":\"In MND's latest Development Charge rate revision, while most property types like commercial and non-landed residential saw average rate increases between 0.3-0.7% compared to six months ago, landed residential registered an average 4.8% rise (following an average 6.3% rise in September 2021).\",\"breadcrumb\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#primaryimage\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/02\/gilstead-road-bungalow-melvin-poh.jpg\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/02\/gilstead-road-bungalow-melvin-poh.jpg\",\"width\":1088,\"height\":543,\"caption\":\"Gilstead Road bungalow bought by Melvin and Jason Poh\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.99.co\/singapore\/insider\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial News\",\"item\":\"https:\/\/www.99.co\/singapore\/insider\/commercial-news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#website\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/\",\"name\":\"\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.99.co\/singapore\/insider\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\",\"name\":\"99.co\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp\",\"width\":192,\"height\":72,\"caption\":\"99.co\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/99dotco\/\",\"https:\/\/x.com\/99dotco\",\"http:\/\/instagram.com\/99.co\",\"https:\/\/www.linkedin.com\/company\/3625176\",\"http:\/\/pinterest.com\/99dotco\/\",\"https:\/\/www.youtube.com\/channel\/UCTFNrxXF9L1XZUlZNq07VKA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/f3e098ccda6298679700376569e0f0f3\",\"name\":\"Terence Ang\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/30433f6fcb77c20a89d144eec24b218e0a6050520a37d4cdb4983aba25c20cfa?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/30433f6fcb77c20a89d144eec24b218e0a6050520a37d4cdb4983aba25c20cfa?s=96&r=g\",\"caption\":\"Terence Ang\"},\"description\":\"Terence edits and writes about the real estate industry, including Singapore property trends, regulations and home-buying journeys. Other than writing, he also edits other writers' work and oversees the day-to-day operations of 99.co's Insider sections.\",\"sameAs\":[\"https:\/\/sg.linkedin.com\/in\/terryang\",\"https:\/\/x.com\/TechToyer\"],\"knowsAbout\":[\"Real Estate\"],\"url\":\"https:\/\/www.99.co\/singapore\/insider\/author\/terence-ang99-co\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase - 99.co","description":"In MND's latest Development Charge rate revision, while most property types like commercial and non-landed residential saw average rate increases between 0.3-0.7% compared to six months ago, landed residential registered an average 4.8% rise (following an average 6.3% rise in September 2021).","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/","og_locale":"en_US","og_type":"article","og_title":"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase","og_description":"In MND's latest Development Charge rate revision, while most property types like commercial and non-landed residential saw average rate increases between 0.3-0.7% compared to six months ago, landed residential registered an average 4.8% rise (following an average 6.3% rise in September 2021).","og_url":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/","article_publisher":"https:\/\/www.facebook.com\/99dotco\/","article_published_time":"2022-03-01T11:20:33+00:00","article_modified_time":"2022-06-13T09:58:20+00:00","og_image":[{"width":1190,"height":504,"url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/03\/Screenshot-2022-03-01-at-10.24.17-PM.jpg","type":"image\/jpeg"}],"author":"Terence Ang","twitter_card":"summary_large_image","twitter_creator":"@TechToyer","twitter_site":"@99dotco","twitter_misc":{"Written by":"Terence Ang","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#article","isPartOf":{"@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/"},"author":{"name":"Terence Ang","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/f3e098ccda6298679700376569e0f0f3"},"headline":"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase","datePublished":"2022-03-01T11:20:33+00:00","dateModified":"2022-06-13T09:58:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/"},"wordCount":1205,"commentCount":0,"publisher":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#primaryimage"},"thumbnailUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/02\/gilstead-road-bungalow-melvin-poh.jpg","keywords":["development charge","en-bloc","landed residential","renovation"],"articleSection":["Commercial News","Landed Houses","Property News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/","url":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/","name":"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase - 99.co","isPartOf":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#primaryimage"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#primaryimage"},"thumbnailUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/02\/gilstead-road-bungalow-melvin-poh.jpg","datePublished":"2022-03-01T11:20:33+00:00","dateModified":"2022-06-13T09:58:20+00:00","description":"In MND's latest Development Charge rate revision, while most property types like commercial and non-landed residential saw average rate increases between 0.3-0.7% compared to six months ago, landed residential registered an average 4.8% rise (following an average 6.3% rise in September 2021).","breadcrumb":{"@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#primaryimage","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/02\/gilstead-road-bungalow-melvin-poh.jpg","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/02\/gilstead-road-bungalow-melvin-poh.jpg","width":1088,"height":543,"caption":"Gilstead Road bungalow bought by Melvin and Jason Poh"},{"@type":"BreadcrumbList","@id":"https:\/\/www.99.co\/singapore\/insider\/development-charge-dc-rate-landed-residential-rise-4-8\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.99.co\/singapore\/insider\/"},{"@type":"ListItem","position":2,"name":"Commercial News","item":"https:\/\/www.99.co\/singapore\/insider\/commercial-news\/"},{"@type":"ListItem","position":3,"name":"Development Charge (DC) rate for landed residential sector rose an average 4.8% after previous 6.3% increase"}]},{"@type":"WebSite","@id":"https:\/\/www.99.co\/singapore\/insider\/#website","url":"https:\/\/www.99.co\/singapore\/insider\/","name":"","description":"","publisher":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.99.co\/singapore\/insider\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.99.co\/singapore\/insider\/#organization","name":"99.co","url":"https:\/\/www.99.co\/singapore\/insider\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp","width":192,"height":72,"caption":"99.co"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/99dotco\/","https:\/\/x.com\/99dotco","http:\/\/instagram.com\/99.co","https:\/\/www.linkedin.com\/company\/3625176","http:\/\/pinterest.com\/99dotco\/","https:\/\/www.youtube.com\/channel\/UCTFNrxXF9L1XZUlZNq07VKA"]},{"@type":"Person","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/f3e098ccda6298679700376569e0f0f3","name":"Terence Ang","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/30433f6fcb77c20a89d144eec24b218e0a6050520a37d4cdb4983aba25c20cfa?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/30433f6fcb77c20a89d144eec24b218e0a6050520a37d4cdb4983aba25c20cfa?s=96&r=g","caption":"Terence Ang"},"description":"Terence edits and writes about the real estate industry, including Singapore property trends, regulations and home-buying journeys. Other than writing, he also edits other writers' work and oversees the day-to-day operations of 99.co's Insider sections.","sameAs":["https:\/\/sg.linkedin.com\/in\/terryang","https:\/\/x.com\/TechToyer"],"knowsAbout":["Real Estate"],"url":"https:\/\/www.99.co\/singapore\/insider\/author\/terence-ang99-co\/"}]}},"modified_by":"Terence Ang","_links":{"self":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/48952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/users\/109"}],"replies":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/comments?post=48952"}],"version-history":[{"count":0,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/48952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/media\/48115"}],"wp:attachment":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/media?parent=48952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/categories?post=48952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/tags?post=48952"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/persona?post=48952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}