Clementi DBSS Trivelis receives 2,877 applications

The latest Design, Build and Sell Scheme (DBSS) development, Trivelis, has received a total of 2,877 applications when it closed on Monday.

There are 888 units – this means there are 3.26 people vying for each unit.

The development along Clementi Avenue 4 is the first DBSS project in the area. 60 per cent of applicants are first time buyers.

The units have an average indicative price of S$650 per square foot, about 10 to 15 per cent higher than other DBSS projects.

Analysts said most buyers have an income of some S$10,000, and they are buying such developments because of the better location and facilities of DBSS flats. This will also help push the resale value up in the future.

All three DBSS projects launched this month – including Belvia in Bedok and Lake Vista@Yuan Ching – have been oversubscribed.

Source : Channel NewsAsia – 31 Oct 2011

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