PLC
Preferential Location Charges
Additional charges associated with a property's preferred location or positioning.
Detailed Explanation
Preferential Location Charges, commonly abbreviated as PLC, are additional charges that may be applied for a property's preferred location or characteristics, such as park-facing, corner location, higher floor or other premium positioning depending on the project.
In Plain Terms
PLC means you may have to pay extra because your apartment or plot has a more desirable location, such as being park-facing or on a corner.
PLC is a pricing concept and can vary by project, property type and developer.
Related Terms
This definition is provided for general informational purposes only and is not legal, financial or tax advice. Property rules and authority policies can change — verify current requirements with the relevant authority or a qualified professional.