February 29, 2020

DC rates dip 0.2% for non-landed residential; unchanged for other sectors

By Cecilia Chow/ EdgeProp Singapore|February 29, 2020 3:58 AM SGT SINGAPORE (EDGEPROP) - On Feb 28, The Ministry of National Development (MND) revised development charge (DC) rates for the six-month period from Mar 1 to Aug 31. The DC rate is revised every six months. It is a tax levied by the government when planning permission is granted for development projects that increase the value of the land,...

One-bedroom unit at Suites at Orchard going for $1.28 mil

By Timothy Tay/ EdgeProp Singapore|February 28, 2020 9:30 AM SGT SINGAPORE (EDGEPROP) - The owner of a 559 sq ft, a one-bedroom unit at Suites at Orchard has offered to sell the property at Knight Frank’s auction on March 27. The unit has an indicative price of $1.28 million which translates to $2,289 psf on the floor area. Located on Handy Road in prime District 9, Suites at Orchard is a 99-year...

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