It was a slow start to the first weekend of the walk-in-and-buy phase of the most expensive Design, Build and Sell Scheme (DBSS) flats to hit the market. When MediaCorp visited the showroom of Centrale 8 on Saturday at 6pm, around 20 families were viewing the project. A board which listed the availability of the 708 units in the project, said around 35 per cent of the flats have been sold since the...
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Many buyers are prepared to pay a premium for developments in good locations, so shouldn't the HDB take that into account when pricing flats, asks Colin Tan If there was to be just one lesson one could take away from the recent fiasco over the Design, Build and Sell Scheme (DBSS) project in Tampines launched last month, it has to be that property is essentially all about location - not tenure, not designs...
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Development Board (HDB) has confirmed that a Design Build and Sell Scheme (DBSS) land sales tender at Sengkang will be withdrawn.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...
City Developments Limited (CDL) has launched its latest development, a 602-unit Executive Condominium (EC), in Bukit Panjang. Called Blossom Residences, it is located along Segar Road, with views of surrounding nature parks, including Bukit Panjang Park, Upper Seletar Reservoir and Bukit Timah Nature Reserve. Bookings for the development began on Thursday and 150 units have been sold on its first day of...
More first-time flat buyers have received help from the government's Additional Housing Grant. Currently, seven in 10 first-timers are beneficiaries, up from three in 10 when the scheme was started in 2006. One couple who have benefited are Sherman Pun and his girlfriend. As of April, they're among over 32,600 households to benefit from the scheme which has disbursed some S$584 million. The grant was...
A tender for a land site to build a Executive Condominium (EC) at the junction of Punggol Way and Punggol Field has received only three bids. This is according to provisional results released by the Housing and Development Board. The highest bid was at S$219.47 million, from FCL Tampines Court and Keong Hong Construction. This works out to S$270 per square foot per plot ratio for the site. According to...
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...
The Ministry of National Development (MND) spoke out strongly yesterday against a Business Times (BT) article earlier this week on developers' profit margins for the Housing and Development Board's Design, Build and Sell Scheme (DBSS) projects. In a press statement last night, MND director (Housing) Han Kok Juan said the article published on Thursday "was highly irresponsible as it contained serious...