APPLICATIONS were only supposed to open tomorrow – but the overwhelming response to the Housing and Development Board’s (HDB) latest housing project in Simei under the Design, Build and Sell Scheme (DBSS), prompted developer Sim Lian Group to accept bookings on Saturday.
On Friday, over a hundred people began queuing for the flats at Parc Lumiere, after Sim Lian said bookings would be accepted on a first-come-first-served basis.
Saturday was to have seen the flats open only for viewing, but seeing the strong response, the developer decided to start accepting bookings.
By 6.30pm on Saturday, 118 of the 360 units available were sold. As of 5pm
yesterday, sales had hit 270.
Would the developer considering switching to a balloting system, if interest was overwhelming?
No, said Sim Lian executive director Diana Kuik, who added: “The reason why we chose walk-inselection was because we felt it would give really keen buyers a better chance of securing a unit – rather than having to leave it to chance via balloting.”
Under the DBSS, private developers manage the project from its design to construction and sale.
Four-room units at Parc Lumiere are priced between $378,000 and $425,000, and five-room units between $462,000 and $575,000.
Source : Today – 20 Apr 2009