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Over 1,000 DBSS flats still unsold since scheme's suspension

Published on Sep 17, 2012 6:00 AM
 
More than 1,000 Design, Build and Sell Scheme (DBSS) flats have been sitting unsold since the scheme was suspended last year. -- ST PHOTO: AZIZ HUSSIN

More than 1,000 Design, Build and Sell Scheme (DBSS) flats have been sitting unsold since the scheme was suspended last year.

Experts say demand for these pricier homes has likely been dampened by the bumper fresh supply of build-to-order (BTO) flats since both have a monthly income ceiling of $10,000.

Six DBSS launches have been rolled out since the 806-unit Adora Green in Yishun - now fully sold out - entered the market in February last year. Some DBSS projects have similarly enjoyed healthy sales.

EL Development's 888-unit Trivelis in Clementi is 90 per cent sold, while CEL Development's 488-unit Belvia in Bedok has found buyers for 400 units.

 
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Background story

Take-up at Design and Build projects

Centrale 8 (Tampines)

Total units: 708

Unsold: About 250

Price:$389,000 to $778,000

 

Parkland Residences (Upper Serangoon)

Total units: 680

Unsold: 195

Price: $359,000 to $706,000

 

Lake Vista@Yuan Ching (Jurong)

Total units: 682

Unsold: 206

Price: $360,500 to $680,400

 

Trivelis (Clementi)

Total units: 888

Unsold: 90

Price: $375,000 to $770,000

 

Belvia (Bedok) Total units: 488

Unsold: 88

Price: $387,000 to $727,000

 

Pasir Ris One (Pasir Ris)

Total units: 447

Unsold: About 340

Price: $390,000 to $770,000

Note: Prices at launch

 

SOURCES: DEVELOPERS, AGENTS