Property experts say the Design, Build and Sell Scheme (DBSS) is losing its relevance and should be scrapped. The scheme was suspended in 2011, but came under the spotlight after recent complaints by residents over defects in their new DBSS flats. The Housing and Development Board (HDB) says the scheme is not currently its priority. One four-room DBSS unit at Ang Mo Kio gave its owner nightmares....
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Developers of executive condominiums (ECs) are becoming more creative in their efforts to attract buyers amid softer market conditions. Some have introduced new types of facilities in their projects, while others are offering yoga, dance and baking classes. An upcoming EC in Sengkang, called The Vales EC, will offer two-storey villa units. They are a sprawling 159 square metres each and come with...
The number of applications for the Lease Buyback Scheme (LBS) has increased when it was enhanced in April this year, compared to the previous enhancement in February 2013, announced the Housing & Development Board on Friday (Jun 12). In a media factsheet, HDB also said that 450 LBS applications were received in the first two months after the enhancements kicked in. The enhancements included an extension...
New flats in Clementi have emerged as the favourite in the Housing and Development Board’s (HDB) latest round of flat sales, despite being priced at a premium. The Build-To-Order (BTO) exercise closes at midnight but as at 5pm on Tuesday (Jun 2), there were about 13 applicants for each five-room unit in Clementi. ADVERTISING Altogether, there are about 4,000 BTO flats on sale, and about another...
Developers of the latest executive condominium (EC) project on the market sold about a quarter of the 480 units on the first day of booking. As of 7pm on Saturday (May 30), buyers picked up about 120 units at Westwood Residences, located at Jurong West. The project was opened for sale on Saturday morning, after developers received some 500 applications to book units over the past two weeks. Prices...
There are 2,446 vacant executive condominium (EC) units in the market, according to first-quarter figures from the Urban and Redevelopment Authority (URA). These are completed units which have not been sold, or units which are purchased but left unoccupied. This could be due to EC buyers needing more time to move in. However, analysts also said that there are buyers who do not intend to live in the...
The developer of the Trivelis Design, Build and Sell Scheme (DBSS) flats at Clementi will offer a "goodwill package" to residents, EL Development (ELD) said on Wednesday (May 27). About 413 out of the 888 units in the DBSS at Clementi Avenue 4 were reported to have defects. Among the complaints raised were rusty dish holders and the laundry area being too small to fit standard sized washing...
The first batch of smart HDB homes at Punggol Northshore will be launched for sale on Wednesday (May 27) in the upcoming May 2015 Build-to-Order (BTO) exercise, with prices for a 2-room flat starting from S$28,000 for first-time buyers. Punggol Northshore is one of Punggol Eco Town’s seven signature waterfront housing district and will be the first new public housing estate to test-bed smart...
A 149 square metre (sqm) maisonette at Bishan Street 13 was sold for S$1.05 million last month. It is not the first time resale prices there have crossed the million-dollar mark. Another maisonette in the same estate went for almost S$1.1 million in October last year. While not many executive flats like the one in Bishan have changed hands, housing analysts said prices of executive flats are holding up...
An Executive Condominium site that can yield about 490 residential units was released for sale on Tuesday (May 19). The Housing & Development Board (HDB), as the Government’s land sales agent, released the site under the Confirmed List of 1st Half 2015 Government Land Sales Programme. The site is located at Choa Chu Kang Avenue 5, and has a lease period of 99 years. The closing date for the...