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.
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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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
Price: $359,000 to $706,000
Lake Vista@Yuan Ching (Jurong)
Total units: 682
Price: $360,500 to $680,400
Total units: 888
Price: $375,000 to $770,000
Belvia (Bedok) Total units: 488
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