Strong interest in new DBSS project launched in Clementi

Strong application rates are expected for Trivelis, a new Design, Build and Sell Scheme (DBSS) project in Clementi which was launched on Wednesday.

Located at Clementi Avenue 4, Trivelis is the first DBSS development in the area.

Trivelis is also situated right next to Clementi MRT station and Clementi Mall.

E-application started on Wednesday and will last till October 31.

As of 9pm, there were about 650 applications for 888 units.

The project is one of those for which tenders were awarded before the government said it would put the DBSS on hold.

The three 40-storey towers were launched shortly after two other DBSS projects in Bedok and Jurong Lake District.

With an average indicative price of S$650 per square foot, the units at Trivelis are also priced about 10-15 per cent higher in comparison to the other DBSS projects.

Built with first-timers in mind, more than 50 per cent of the units in Trivelis are 4-roomers.

Since the launch on Wednesday morning, at least a thousand potential buyers have streamed through the show flat. While some were a little disappointed with the size of the units, most were drawn to the project because of its location.

“Because of the amenities around the area, it is actually a good buy. So I’m a bit afraid that it will be overly subscribed,” said one potential buyer.

“(It is) near to my parents’ place. I grew up here, so hopefully I will find a place that’s near and convenient,” said another potential buyer.

Some analysts expect a strong demand because the area has not seen a new public housing project in years.

Mr David Poh, regional director (China) at PropNex Realty, said: “There is a pent-up demand for home buyers dreaming to buy a house in Clementi without COV. Because if they turn to the resale market, COV is on the high side in Clementi.”

Source : Channel NewsAsia – 26 Oct 2011

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