SINGAPORE Changing the way that land is priced to lower the cost of Housing Board flats will risk destabilising the entire property market, said Deputy Prime Minister Lawrence Wong. He cautioned against artificially resetting the housing market in this manner. Wong was responding on Friday (Feb 24) to proposals and concerns raised by MPs over housing during the Budget.
Mr Kaleo Rogation Adams, Deputy Commissioner of the Ghana Revenue Authority (GRA), has said the Authority has no evidence to show that Construction Pioneers (CP) paid tax while operating in Ghana. Testifying before the Judgement Debt Commission on Wednesday, Mr Adams who is in charge of Large Tax Office under…
When it comes to new launch prices, most Singaporeans are quick to pick up on the most obvious factors like land scarcity, agent commissions, or developer stamp duties. However, one factor that often slips under the radar – and that many Singaporeans have never even heard of – is the development charge, or DC, but now newly known as Land.
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 are 118 geographical sectors and.