Municipalities have until May 2027 to reset urban renewal levies
2 November 2026 · Based on TheMarker
Local authorities have until May 2027 to set new betterment levies on pinui-binui (evacuate-and-rebuild) plans. The Urban Renewal Authority warns that levies set too high may stall projects. Its head says market conditions differ from five years ago.
What it means for buyers abroad
Levy levels affect whether urban renewal projects are viable, and so the timing of new apartments. Buyers in older neighbourhoods should follow local decisions.