The Housing and Development Board (HDB) has confirmed that a Design Build and Sell Scheme (DBSS) land sales tender at Sengkang will be withdrawn. The tender was originally scheduled to close on July 20. The Ministry of National Development said the withdrawal is part of its overall review of housing policies. It also said that no new DBSS site will be released for sale until the review is...
DBSS Flats
Land sales under the Design, Build and Sell Scheme (DBSS) have been suspended. This is because the DBSS is currently under review by the Ministry of National Development (MND). Responding to media queries, MND said the Housing & Development Board (HDB) would not proceed with the sale of a Bendemeer Road site which was scheduled for launch in the first half of this year. MND has reiterated it would...
The Ministry of National Development (MND) has confirmed that it is reviewing the Housing and Development Board's (HDB's) Design, Build and Sell Scheme (DBSS). "Pending the ongoing review, HDB will not proceed with the sale of the Bendemeer Road site, originally scheduled in 1H2011," MND said in a statement. This came after National Development Minister Khaw Boon Wan said he had suspended future land...
Two developers of the Housing and Development Board's Design, Build and Sell Scheme projects have filed clarifications on the profit margins published in an article this week in The Business Times (BT). In a joint media statement yesterday, Hoi Hup Sunway - the consortium behind DBSS projects City View@Boon Keng and The Peak@Toa Payoh - expressed concern over the gross profit margins published by the...
Developers can earn gross profit margins of up to 76 percent from the public housing projects they develop under the Design, Build and Sell Scheme (DBSS), according to a Business Times report. In the report, five out of the seven DBSS projects launched since 2008 have achieved gross profit margins of at least 28 percent. This is similar to the 30 to 40 percent gross profit margins that real estate groups...
Member of Parliament for Marine Parade GRC Tin Pei Ling has suggested that the Housing and Development Board (HDB) take back the right to price units under the Design, Build and Sell Scheme (DBSS) or include a clause to compel price negotiations between HDB and the private developers. She said this could be considered as part of the overall review of housing policies by the Ministry of National...
There will still be demand for more expensive public housing such as the Design, Build and Sell Scheme (DBSS) flats. That's the view of property analysts, following the recent debate over the pricing of such flats and the relevance of the scheme. A five-room flat at the new DBSS Centrale 8 near the Tampines Regional Centre costs up to S$778,000. A previous indicative price had been set at S$880,000,...
Sim Lian Group has released a confirmed price range for its Design Build and Sell Scheme (DBSS) flats Centrale 8. The listed firm said in an announcement filed with the Singapore Exchange that its previously announced price range was only indicative. Confirmed prices for three-room flats range from S$389,000 to S$445,000, while four-room flat prices range from S$511,000 to S$592,000. Five-room flats will...
Prices of flats released under the Housing and Development Board's (HDB) latest Design, Build and Sell Scheme (DBSS) have raised eyebrows among some analysts. In a central location within a mature estate, Centrale 8's 708 units in Tampines range from S$397,000 to S$510,000 for a three-room flat, to S$685,000 and S$880,000 for a five-bedroom unit. Four-bedroom flats will cost between S$531,000 to...
Sim Lian Group Limited is launching Centrale 8 at Tampines today. Centrale 8 is a public housing project developed under the Housing and Development Board’s (HDB) Design, Build and Sell Scheme (DBSS). The project covers a total land area of 227,461.6 sq ft. The project comprises 708 units of three- to five-room flats. The three-room flats range in size from 61 sq m to 62 sq m, the four-room flats from...