DBSS launched in 2011 / 2012
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Bedok Reservoir Crescent
DBSS - Belvia
Near to Bedok Reservoir and future downtown line 3 Bedok Town
Park MRT Station. Easily assessible from/to PIE and ECP.
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| Developer : |
CEL Development Pte Ltd |
| Location : |
Bedok Reservoir Crescent |
| Description : |
Proposed public housing development comprising the
erection of 3 blocks of 14 storey and 3 blocks of 15 storey
residential flats (total 488 units) with a block of 7 storey
multi-storey car park and a block of precint pavilion |
| Site Area : |
16,657.00 sqm |
| Number of units: |
488 |
| Lease Term : |
Leasehold 99 years |
| Expected TOP : |
Nov 2014 |
| Unit Type : |
- 3 room (66-67 sqm) - 102 units
- 4 room (85-87 sqm)- 209 units
- 5 room (105-109 sqm)- 177 units
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| Recreation Facilities : |
Precinct Pavilion, Children’s Playground, Adult and
Elderly Fitness Station, Seating Areas, Pebble Walk, Shelter,
Barbeque pits & Recreation Deck |
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Upper Serangoon Road DBSS - Parkland Residences
This site is located just across Punggol Park. Residents will
enjoy shopping, food and entertainment conveniences at Hougang
Plaza, Hougang Mall and Kang Kar Mall. Established schools like
Holy Innocents' High School, Xinmin Primary and Secondary
Schools, Montfort Primary and Secondary Schools, Serangoon
Secondary, as well as Serangoon Junior College are also within
easy reach. In addition, there is a host of facilities such as a
library, swimming pool, sports hall and stadium within the town.
The site is well-linked to the Hougang MRT station, Hougang Bus
Interchange and major expressways such as Tampines, Kallang Paya
Lebar and Central Expressways (TPE/KPE/CTE).
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| Developer : |
Kwan Hwee Investment Pte Ltd |
| Location : |
Upper Serangoon Road |
| Site Area : |
20,000sqm |
| Estimated Dwelling Units: |
630 |
| Lease Term : |
103 years (includes a 48 month construction period) |
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Yuan
Ching Road DBSS - Lake Vista @ Yuan Ching
This site is located near the Jurong Lake District, which will
be developed into a unique lakeside destination for business and
leisure. For shopping, food and entertainment, families can look
to Jurong Point, IMM, Taman Jurong and Boon Lay Shopping
Centres. The upcoming commercial development at Jurong Gateway
will also widen the retail opportunities. Other attractions
include the Jurong Lake Park, Chinese and Japanese Gardens,
Jurong Bird Park, Singapore Science Centre and Snow City.
There are also established schools and tertiary institutions
like River Valley High, Jurong Junior College and Nanyang
Technological University nearby. Bounded by major expressways
such as Pan-Island and Ayer Rajah Expressways (PIE/AYE), the
land parcel is also efficiently served by Lakeside and Boon Lay
MRT Stations and Boon Lay Bus Interchange. |
| Developer : |
Hoi Hup Sunway Pte Ltd |
| Location : |
Yuan Ching Road |
| Site Area : |
21, 199.70 sqm / 228,193.57 sqft |
| Estimated TOP : |
9 January 2015 |
| Tenure of Land : |
Leasehold 99 years |
| Description : |
Proposed DBSS Public Housing Development Comprising 4 Blocks of 22-Storey Residential Units, 1 Block of 7-Storey Multi Storey Carpark Building |
| Unit Types : |
682 units comprising 3 Room, 4 Room & 5 Room
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| Facilities |
a) Main Drop Off Point
b) Precinct Pavilion
c) Sculpture Courtyard
d) Connecting Green Sitting Areas
e) Soft Mediation Court
f) Reflexology Path
g) Function Plaza
h) Open Green Court
i) Elderly and Adult Fitness Corner
j) Adventure Playground
k) Pattern Garden
l) BBQ Corner with Pavilion
m) Pocket Palm Drop Off Points |
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Clementi
Ave 4 DBSS - Trivelis
This site is located in Clementi New Town, a destination
complete with convenient facilities and amenities. For shopping,
food and entertainment options, residents can look to The
Clementi Mall and West Coast Plaza. The recreational choices are
aplenty with the Clementi stadium, sports hall and swimming
complex nearby.
There are also established educational and academic institutions
like Nan Hua Primary, NUS High, Singapore Poly, Ngee Ann Poly,
NUS (Kent Ridge) and SIM University in the vicinity. Bounded by
major expressways such as Pan-Island and Ayer Rajah Expressways
(PIE/AYE), the land parcel is also efficiently served by the
Clementi MRT Station and bus interchange. |
| Developer : |
EL Development (Clementi) Pte Ltd |
| Location : |
Clementi Ave 4 |
| Description : |
3 towers of 40 storey DBSS flats comprising 888 units
of 3, 4, and 5 room units along Clementi Ave 4 and a 6/7 multi storey carpark |
| Site Area : |
21,906.5sqm |
| Tenure : |
99 years from date of issuance of TOP/CSC whichever is earlier |
| Expected TOP : |
09 Mar 2015 |
| Number of units: |
888 |
| Unit Type : |
- 3 rooms (60 sqm): 222 units
- 4 rooms (80-82sqm): 518 units
- 5 rooms (105 sqm): 148 units
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Pasir
Ris Central / Pasir Ris Drive 1 - Pasir Ris One
Located within Pasir Ris Town, this site is served by the Pasir
Ris MRT station and the Pasir Ris Bus Interchange. The Tampines
Expressway (TPE) is also in close proximity to the site, serving
as a fast conduit for residents who drive. There are also a wide
variety of shopping and recreational spaces in the vicinity such
as the White Sands Shopping Centre, Elias Mall, Pasir Ris West
Plaza and the Pasir Ris park, which is an excellent place for
family outings. Established schools such as Hai Sing Catholic,
Meridian Junior College and Tampines Junior College are also
within easy reach. |
| Developer : |
Singxpress Land (Pasir Ris) Pte Ltd and Kay Lim
Holdings Pte Ltd |
| Location : |
Pasir Ris Central / Pasir Ris Drive 1 |
| Site Area : |
16,388.2 sqm |
| Estimated Dwelling Units: |
410 |
| Lease Term : |
103 years (includes a 48 month construction period) |
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Is it all about price at Centrale 8?
by Ong Dai Lin 04:45 AM Jul 11, 2011 TodayOnline
SINGAPORE - After hogging the headlines for the wrong reasons, the
first weekend of Centrale 8's (picture) walk-in-and-buy phase got
off to a slow start.
The Sim Lian Group, the developer of the Design, Build and Sell
Scheme (DBSS) project in Tampines, had earlier drawn flak for its
initial prices of up to a record S$880,000 for five-room flats,
before confirming the maximum price at S$778,000.
MediaCorp had reported on Saturday that when doors opened for the
walk-in phase at 10am, only about 20 people turned up.
At the showroom at around 6pm yesterday, around 20 families were
viewing the project. A board, which listed the availability of the
project's 708 units, showed around 35 per cent of the flats being
sold so far.
Some prospective buyers who turned up at the showroom yesterday
told MediaCorp that they were there to check if prices have
fallen.
Mr Zack Henry, 40, said: "(Centrale 8) is near the MRT and
Tampines Mall but the flats are expensive. I might as well go for
an Executive Condominium (EC)."
Another potential buyer, who only wanted to be known as Mr Wong,
said: "The price is high but it is not a private property. It is a
Housing and Development Board (HDB) project ... and there are no
other amenities. We like the project because of the location. But
if the price remains high, we'll just stay out."
Property analysts said they are surprised at the low take-up rate.
They added that the negative publicity about the project's high
prices may have affected buyers sentiment.
Dennis Wee Group director Chris Koh said: "The Government's
announcements to review the DBSS scheme ... and Sim Lian's high
prices could cause some to take a step back and wait and see."
SLP International head of research Nicholas Mak added: "Usually
during the first weekend when sales are opened to public, there is
an overwhelming response in the showroom."
Mr Mak said that the developer will "have to find out why sales is
slow and address the problem". He added: "If sales slow down, it's
difficult to regenerate interest in the project." Mr Mak noted
that when faced with slow sales, developers could reduce prices
and increase the value of the flats by providing finishes, such as
marble instead of tiles.
Mr Koh pointed out that if Sim Lian decreased its prices now,
those who had already bought the units would be affected.
"It also affects the creditability of the company - so it's not
about cutting prices. It is about winning back the confidence of
buyers," he added. Ong Dai Lin
No wedding, no flat, but DBSS buyer has to pay $120,000
penalty
Sat, Jul 09, 2011 AsiaOne
SINGAPORE - A buyer who purchased a flat under the Housing and
Development Board's (HDB) Design, Build and Sell Scheme (DBSS)
with her fiance two years ago, now has to pay a painful penalty
after calling off their wedding.
The penalty amounts to a hefty 20 per cent - or over $120,000 - of
the purchase price of $610,000. This is four times the
five-per-cent penalty payable for the Build-To-Order (BTO) flats.
The Straits Times reported that Ms W L Teoh, 29, signed for the
five-room flat in Ang Mo Kio with her fiance two years ago, but
the wedding was called off soon after.
With the wedding called off, they were made ineligible for the
flat that they had signed up for. HDB's Fiance/Fiancee scheme
states that an engaged couple must produce a wedding certificate
three months after taking possession of a flat.
Ms Teoh told The Straits Times: 'When we decided not to go ahead
with the marriage due to personal reasons, we were hit with an
absurd penalty amount.'
She was offered by HDB to purchase the flat under a different
scheme, with eligible family members.
However, her parents were ineligible, leaving her with little
choice but to pay the penalty, which amounted to more than
$140,000 after the inclusion of interest, stamp duty and legal
fees they had already paid for.
In the case of a private property owner who decides to reject a
unit that he has signed up for, he is allowed to resell his unit
to another buyer, unlike that of a DBSS buyer who will have to
adhere to HDB's five-year rule.
HDB is appealing to the developer on Ms Teoh's behalf to explore
possible options. The Straits Times reported that there will be a
meeting to discuss this next week.
After public outcry about the pricing of Centrale 8, the latest
DBSS project in Tampines, the Ministry of National Development
halted the sale of DBSS plots and put the scheme under review.
Yesterday, a DBSS land sales tender at Sengkang that was
originally scheduled for closure on July 20 was withdrawn.
DBSS land sales suspended, under review
Jul 5, 2011 - PropertyGuru.com.sg
The government has suspended future land sales under the Design,
Build and Sell Scheme (DBSS), pending its review, according to
National Development Minister Khaw Boon Wan.
"We are reviewing (the) DBSS scheme. Meanwhile, I have suspended
future DBSS land sales," said Khaw on his Facebook page.
"However, a few DBSS land sites sold last year, like the Centrale
8 site, will launch their sales in next few months," he said.
"These are old tenders beyond my control."
He noted that the Ministry of National Development (MND) and the
Housing and Development Board (HDB) are reviewing the scheme,
during which the "HDB will not proceed with the sale of the
Bendemeer Road site originally scheduled in 1H 2011."
Since 2005, 13 sites have been sold to private developers under
the scheme, which aims to provide flat buyers better
value-for-money, as well as offer further improvement in building
and design. Under the scheme, developers tender for land sites and
have flexibility in designing, selling, and pricing the flats.
"The DBSS did play two functions then: number one, to cater to the
sandwich class — those people whose income were above S$8,000 and
did not qualify for BTO (build to order) flats," said Mohamed
Ismail, Chief Executive of Propnex.
Secondly, "it allowed, during 2005 — when the economy was not
doing well — the developers an opportunity to build homes, with
better design as well as architectural initiative being thrown
in."
DBSS flats comprise less than one percent of the entire HDB flat
supply. However, they came under fire recently after Sim Lian
Group, the developer of the Central 8 DBSS project, set an asking
price of around S$880,000 for five-room flats in the project.
"But today, six years later, I think the climate and the
background have totally changed," noted Ismail.
Analysts pointed out that DBSS flats may not be relevant today, as
the government’s current policy is to provide affordable housing
to the public.
Tampines DBSS project two times oversubscribed
Thu, Jun 23, 2011
AsiaOne
The controversial expensive Design, Build, and Sell Scheme project
at Tampines, Centrale 8, has been two times oversubscribed.
1,431 applications were received for the 708-unit project by the
deadline on Tuesday.
This is despite the hullabaloo created by the indicated price
earlier announced by property developer Sim Lian Group, who said
during the launch that the biggest 5-room flats will cost up to
$880,000.
It has since slashed the prices by up to $102,000, bringing the
maximum price down to $778,000.
The Straits Times reported that this news surprised some industry
observers, who said that the number of times a project is
over-subscribed is not a good indicator of how well it will
actually sell eventually.
PropNex Chief Mohamed Ismail told the paper that it is more likely
that that people are hoping to buyer lower-end units within their
price range, and that if they are offered a flat beyond their
budget they will reject it.
Similarly, when the first DBSS project was launched, also by Sim
Lian Group, the 616-unit Premiere@ Tampines received 5,700
applications. However, only 500 flats were sold initially,
although, as the Straits Times reported, there were long queues
when the remaining units went up for sale.
Price of Centrale 8 DBSS flats lowered
by Esther Ng 06:07 AM Jun 22, 2011 TodayOnline
SINGAPORE - Centrale 8's developer has reduced the prices of its
Design, Build and Sell Scheme flats (DBSS), possibly "caving in"
to public pressure, property analysts told MediaCorp.
The most expensive five-room flat is now S$778,000, down from
S$880,000.
While Sim Lian Group reiterated yesterday that its initial prices
were only indicative, ERA Asia Pacific associate director Eugene
Lim pointed out: "When developers reveal their price range, it's
usually quite close. For instance, (the previous DBSS project)
Adora Green's selling prices were exactly their indicative
prices."
SLP International executive director of research and consultancy
Nicholas Mak said: "Like any business, they took the risk - they
wanted to see if the market would respond positively to their
prices or not."
Sim Lian said last week it the premium cost was due to the
project's location in Tampines Regional Centre with mature
amenities, and the promixity to Tampines MRT station and the
future Downtown Line 3 MRT interchange.
In a press release yesterday, Sim Lian Group chief executive
officer Kuik Sin Pin said the new price range was decided based on
the resale prices, age and location of HDB flats in the same
vicinity, prevailing economic conditions and proximity to
transport networks and good public facilities.
ERA's Mr Lim said Sim Lian could have been "genuinely pressured"
to adjust the pricing.
He added, "The Minister himself said that if you price it too
high, no one will want to buy from you."
However, Suntec Chesterton International head of research and
consultancy Colin Tan felt that in all probability, the developer
would have offered home buyers a discount to its indicative price
range. Now, he said, Sim Lian will be making a smaller profit.
The developer did not say how many applications it received when
the deadline closed yesterday.
But Mr Lim reckons that the flats are still "pricey": "Usually,
the premium above a resale flat for a DBSS is between S$100,000 to
S$150,000."
Analysts pointed out that Tampines is a more popular mature estate
compared to Yishun, where the lower-priced Adora Green, which is
96 per cent sold after its February launch, is located.
"Centrale 8 not only has the amenities and conveniences, but
offers high rental value - this could add five to 10 per cent more
in pricing," said Cushman & Wakefield vice-chairman Donald
Han.
Mr Mak had another take: "Sim Lian probably thought it had no
competition, as there's not much land in Tampines for the
Government to launch BTOs."
Centrale 8 pricing
by Esther Ng
Centrale 8' Indicative Prices
Three-Room $397,000 to $510,000
Four-Room $531,000 to $683,000
Five-Room $685,000 to $880,000
Confirmed Price Range
Three-Room $389,000 to $445,000
Four-Room $511,000 to $592,000
Five-Room $685,000 to $778,000
Unit prices for DBSS project in Tampines hit record high
By Liang Kaixin | Posted: 16 June 2011 2322 hrs ~ Channel
News Asia
SINGAPORE: Would you pay S$880,000 for a new HDB flat? That is the
top price for a five-room unit at Centrale 8, the new
Design-Build-and-Sell-Scheme in Tampines and it sets a new record,
surpassing prices of some resale flats in the area.
 Launch prices for five-room units range between
S$685,000 and S$880,000. At 108 square metres, these are smaller
than most new HDB flats, but potential customers said the units
are better designed.
Centrale 8 is located near Tampines town centre, near upcoming
developments. Its sales launch saw about 300 customers on Thursday
morning. Applications for its 708 units close on June 21.
The National Development Ministry told Channel NewsAsia that the
developers of DBSS projects have to ensure prices are affordable,
and comparable to new HDB projects and the resale and private
markets.
DBSS projects are open to households earning a combined income of
up to S$10,000 a month.
Prices of Centrale 8 units are about twice that of an earlier DBSS
project launched in Tampines five-years ago by the same developer.
The developer said actual prices will be determined in July, when
applications are processed.
Kuik Sing Beng, Executive Director at Sim Lian Group, said: "Five
years ago, there was no announcement of the new Downtown Line
interchange, as well as the new lifestyle hub. Comparatively, they
can still afford a condominium in the suburban area, but this is
very well-located, with all the new amenities. So I think the
prices are reasonable." |
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