Why It Matters

Impact of hike in development charge rates

Developers may face greater pressure on margins given the latest hikes in development charges (DC).

While this should keep future land bids in check, it could also have an impact on the prices of future projects, if developers are able to preserve their profit margins by launching projects at higher prices.

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A version of this article appeared in the print edition of The Straits Times on March 05, 2018, with the headline 'Impact of hike in DC rates'. Print Edition | Subscribe