A Design, Build and Sell Scheme (DBSS) project in Bedok is set to be launched this week.
The project, Belvia, is one of a few projects for which tenders were given out before the government announced it will put DBSS projects on hold.
CEL Development said on Monday e-applications for Belvia — a 488-unit project comprising three-, four- and five-room units in
Bedok — will open from 14 to 18 October.
Balloting will start soon after application closes next Tuesday and buyers who qualify for DBSS flats will be allocated a booking slot from 7 November onwards, it said.
The project occupies a total land area of more than 16,000 square metres and is the first DBSS project in the mature estate.
CEL Development CEO Chia Lee Meng said he expects interest from buyers who wish to live near their parents.
The government had earlier this year put DBSS projects on hold to review the scheme.
This follows complaints from members of the public who asked for the scheme to be scrapped in the wake of high asking prices at Centrale 8, a Tampines DBSS project.
The developer of that project, Sim Lian Group, had initially asked for S$880,000 for a five-room unit, later revising it to S$778,000.
Source : Channel NewsAsia – 11 Oct 2011