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SINGAPORE: Development charges, which have to be paid when a property site is developed into more valuable project, have been raised for selected sectors.
The steepest increase is seen in the commercial sector.
In a statement on Friday, the Ministry of National Development said the development charge (DC) rates for commercial sector will climb by an average of 15 percent.
SINGAPORE - The construction boom shows no signs of ending any time soon, but a shortage of workers means projects may cost more and take longer to complete.
Experts say the strong construction demand is expected to continue with many big projects in the pipeline, including public housing and infrastructure works such as the MRT's Thomson Line.
While this is good news for the industry, contractors say they are struggling to cope with the manpower shortage.
Wave of projects can pave way for more tech, less labour: BCA chief
This was a point stressed by Building and Construction Authority (BCA) chief executive John Keung in a recent interview with The Straits Times, as he laid out the exciting challenges facing the construction industry in the next two decades.
