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Singapore raises development charge to new highs

Posted on 02 September 2011

With prices in the Singaporean property market skyrocketing of late, the development charge is being revised, as the latest report from the Ministry of National Development indicates development charges on non-landed residential properties has increased 12.1 per cent on average and a staggering 21.7 per cent on commercial properties.
In the industrial sector the raise was the most evident, with the development charge 30.9 per cent greater than it was just six months ago………………………………………Full Article: Source


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