Public housing flats built under the Design, Build and Sell Scheme (DBSS) appear to have fallen out of favour with home buyers in recent months. Analysts say there are about 1,000 units of unsold DBSS flats and sales could slow as a result of the large pipeline of new Build-To-Order flats (BTO) and executive condominiums (EC). But they say DBSS flats will enjoy healthy capital gains going forward. These...
DBSS
The Housing and Development Board (HDB) has launched a land parcel located at Bedok Reservoir Crescent for sale by public tender under the Design, Build and Sell Scheme. The tender will close at noon on November 2. HDB said the new DBSS site is located in Bedok Town, a choice residential town surrounded by excellent amenities such as the town centre, neighbourhood centres, schools, Bedok Reservoir,...
The Housing and Development Board has awarded the tender for a public housing site under Design, Build and Sell Scheme (DBSS) to Ho Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup JV Development Pte Ltd. Their successful joint bid was S$198,822,000 for the site at Lorong 1A Toa Payoh. The plot has an area of 27,479.9 square metres and an allowable gross floor area of 115,415.58 square...
Only two bids were received in the tender for a residential site at Simei Road, which is being launched under HDB's Design, Build and Sell Scheme. Property developer Sim Lian Land put in the top bid of S$52 million. The price works out to S$1,472 per square metre of gross floor area. AMK Development put in the lower bid of S$37.2 million or S$1,055 per square metre of gross floor area. The parcel spans...
The Housing and Development Board (HDB) has launched the sale of a new site in Simei under its Design, Build and Sell Scheme (DBSS). Analysts said the plot of land near the Simei MRT station should attract medium-sized developers and construction companies to bid between S$49 million and S$76 million. With an area of over 16,000 square metres, an estimated 320 to 360 units can be built there. A higher...
Qingdao Construction Group Corporation has won a Housing and Development Board (HDB) tender to build public housing flats at a site in Bishan Street 24. It submitted a tender price of S$135,888,777. The site is the fourth to be offered under HDB's Design, Build and Sell Scheme (DBSS) where the developer bids for the land, designs, builds and sells the flats as public housing. The flats have a 99-year...