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1.2 million for a 5 room DBSS flat between the 28th and 30th floor. Nowhere near the top floor and it can break all previous records. Strange times indeed. https://www.tnp.sg/news/singapore/dbss-flat-natura-loft-bishan-sold-12m Flats at Natura Loft in Bishan continue to fetch a handsome price, with the recent sale of a five-room unit there again crossing the $1 million mark. According to data from the Housing Board, the flat, with just under 90 years of its lease left, was sold for $1,208,000 this month. It is believed to be the highest resale price for a Design, Build and Sell Scheme (DBSS) unit, Chinese newspaper Shin Min Daily News reported yesterday. The 120 sq m unit is believed to be between the 28th and 30th storeys. The previous record price for a DBSS unit was the $1,205,000 paid for a five-room flat on the 39th-storey at City View in Boon Keng.

After the launch of Clementi DBSS which is the most expensive DBSS so far, HDB announced today that there will be 670 BTO flats just beside Clementi DBSS available for ballot in March 2012. Why don't HDB in the first place develop the whole vacant area either for BTO or DBSS? Now half BTO and half DBSS side by side, really not fair to those DBSS buyer The BTO might be 50k to 100k cheaper than the DBSS http://forum.channelnewsasia.com/showthrea...3-923-new-flats

Saw today new paper on the residents complaining about HDB building BTO beside their Ang Mo Kio DBSS flats. One say there is a school around how to ensure safety of the children during construction? One say the dust and noise will affect their environment. One say the area there is very crowded after the BTO, how to make sure enough amenities for the resident there. One say should at least wait for 5 years later (MOP) so the DBSS resident can have a choice to move out. I think they just wanna say, the BTO will affect their DBSS price lar. Just be frank lar! [laugh]

Dear all Gurus, I am thinking of buying a DBSS next year in August, it has to be resale because I cannot qualify for a BUC one, any idea of any DBSS in the East and Central part of Singapore that will meet its MOP next year? Appreciate your kind advice, thank you.

From ST Forum: http://www.straitstimes.com/STForum/Online...ory_769537.html Lemon law should cover DBSS flats Published on Feb 23, 2012 I AGREE with Madam Ong Chiew Hong ('Extend 'lemon law' protection to dream homes'; Monday). My husband and I were excited to receive the keys to our new Design, Build and Sell Scheme (DBSS) HDB flat in January last year. To our dismay, we discovered many defects such as scratches, dents and chipped-off fittings inside our home. Some of them took many months to be rectified, while others were irreparable. Just as we were about to move in, we discovered the parquet flooring in all the bedrooms stained with moisture. Despite a replacement, the problem persisted and we have not received a proper explanation by the developer about what went wrong. Furthermore, the paint on the walls of our flat flaked off easily because the surfaces had not been properly prepared before the painting began. So the developer took several more weeks to redo the painting. The process caused our home to become dusty and messy. Our neighbours also encountered many of these defects. Even though we highlighted the problems to the HDB on numerous occasions, we were told that it had no control over defect rectification as our flat was built by a private developer. It was clear to us that our flats did not meet standards before the keys were handed to us. From my understanding, many other DBSS flat owners have also encountered many defects. It has been more than a year since we received our keys and new defects have begun to surface: Moisture stains started to appear again on a part of our bedroom's parquet flooring, and the back coatings of our mirrors have started to wear off, despite the fact that we have yet to move in. What we have experienced is utterly disappointing. We were promised high-quality fittings - purportedly one of the main reasons why DBSS flats cost more than build-to-order ones. Quite the contrary, what we have been given are inferior furnishings. I hope the HDB will do a thorough investigation into the quality and standards of DBSS flats, instead of letting private developers dictate what should be done. Huang Kai Qin (Ms)

What would happen if a couple has applied and paid deposit and cpf deducted for DBSS flat and now they wont be getting ROM. What will be the penalty for this couple? I heard it will be totally no refund?? Can the family members like bro buy the flat w the sis who applied the unit with the ex?

Any bros have information of the new DBSS site at clementi ave 4 Please tell me...thanks bro

Dear bros! The time has finally come for me to buy my first apartment... So exciting Don't want to jump into private now as people around me are advicing me to start from HDB first. So could the experts on MCF please guide me on the differences among build-to-order, design build sell scheme & Executive Condominuims? Differences as in the fittings/furniture that come with the 3, which one in your opinions are better etc etc... Eligibility wise I think I know almost all about it as they can be found easily on HDB's website, but what they do not show is the quality and amount of fittings that generally come together with the flats. Would also like to know from bros who have been there, done that to advice me which would be a better choice. BTW based on my combined income, Im eligible for all 3 types so would like to know which is most value for money. And please don't tell me since got money just go for EC. Would prefer to go for something that is more worth it and not for face value. Appreciate your help in advance!

Link DBSS buyer must re-marry or pay S$132,000 penalty Another Design Build and Sell Scheme (DBSS) flat buyer has been issued a 20 percent penalty after his wedding was cancelled. After PropertyGuru published a story about a couple who was required to pay a penalty after they called off their wedding, another reader, John (not his real name), reported a similar incident. He purchased a DBSS home for S$660,000 in 2008 from a developer, under the Fianc

Fri, Jun 24, 2011 AsiaOne HDB land should be reserved for building affordable public housing: Tin Pei Ling In a Facebook post regarding the controversial Design, Build and Sell Scheme (DBSS) project in Tampines, Member for Parliament Tin Pei Ling said that "HDB land should be reserved for building affordable public housing, and not apartments that HDB has little influence over." RELATED STORIES

FOLLOWING the stir caused by the recent high prices of a Design, Build and Sell Scheme (DBSS) development launched by a private developer, National Development Minister Khaw Boon Wan sought to explain the difference between DBSS developments and HDB flats. In his latest blog entry on Saturday afternoon, he said that price control was not a term of the contract when private developers tender for the site, and buyers can choose to walk away from the purchase. Mr Khaw wrote that on his part, he is ramping up BTO (Build-To-Order) launches and working on pricing them appropriately. The DBSS development in question - Centrale 8 by developer Sim Lian, to be located in Tampines - will set a buyer back $880,000 for a five-room unit. This amounts to $750 psf, typical of suburban condominiums. The social media scene was abuzz following the news. The discussion thread on straitstimes.com garnered 116 comments in one day, mostly negative. Here is the start of Mr Khaw's latest blog entry titled 'DBSS Is Not HDB': 'A private developer's DBSS launch in Tampines, with the upper end of the 5 room units priced at $880,000, caused a stir in the social media. The negative reaction was not surprising. DBSS is a class of housing type between HDB flats and Executive Condos (EC)/private condos. It forms a tiny portion of the total housing options for Singaporeans. 'While HDB flats are designed and priced by HDB, DBSS flats are designed and priced by private developers. If the private developer prices it too high and there are no takers, there will be no sales. Netizens would like MND (Ministry of National Development) to come in and tell the private developer to cut its price. When they tendered for the land, price control was not a term of the tender. If contracts, after they are awarded, can be varied arbitrarily, this will damage Singapore's reputation as a business hub, with severe repercussions. To read the rest of Mr Khaw's blog post, go here: http://mndsingapore.wordpress.com

8th DBSS - New Tampines dbss winning bid is $2809.81 psm by Sim Lian on Aug 2010. 7th DBSS - Yishun dbss winning bid is $1935.5 psm/GFA by Guthrie on May 2010. 6th DBSS - The Peak@ TPY winning bid is $1723 psm/GFA by Hoi Hup on Aug 2008. 5th DBSS - Parc Lumiere@Simei winning bid is $1472 psm/GFA by Sim Lian on Jun 2008. 4th DBSS - Natura Loft@Bishan winning bid is $2551 psm/GFA by Qingdao on Feb 2008. 3rd DBSS - Park Central@AMK winning bid is $2283 psm/GFA by Greathearth on Nov 2007 2nd DBSS - Cityview@BoonKeng winning bid is $2516 psm/GFA by Hoi Hup on May 2007. 1st DBSS - The Premiere@Tampines winning bid is $1223 psm/GFA by Sim Lian in 2006.

I am curious why DBSS flat is 103 years lease whereas EC is only 99 years? HDB releases Upper Serangoon DBSS site for sale By Mok Fei Fei | Posted: 11 October 2010 1534 hrs SINGAPORE: A Design, Build and Sell Scheme (DBSS) site at Upper Serangoon Road has been released for sale by public tender by the Housing & Development Board (HDB). HDB said the site has an area of 20,000 square metres and a maximum allowable gross floor area of 70,000 square metres. It is expected to yield about 630 units and has a lease term of 103 years, including a 48-month construction period. Located just across Punggol Park, the site is near amenities like Hougang Mall and Kang Kar Mall, as well as schools like Xinmin Primary. HDB said another DBSS site at Yuan Ching Road and Corporation Drive will be launched for tender next month. That site is expected to yield 580 units. HDB said more sites for DBSS development will be made available if there is sustained demand.

* Did not include Boon Keng and Simei DBSS as they are either unavailable now or ethnic quota has been filled. Apparently, there were quite a lot of 5 rm left. For Duxton, latest news mentioned about 111 units to be released later... Any bros here have bought any units over there? Any comments? Seriously considering this option as Resale HDB "COV" is way too out of proportion, Condo prices are equally crazy...

sorry, not English version, anyone keen to translate? 推出时反应热烈的宏茂桥私人组屋

SINGAPORE : Some 3,000 home hunters thronged showflats at Park Central@AMK on the first day of its launch on Wednesday. As of noon, 130 people have applied for the flats in central Singapore which will be ready in 2011. The project is Singapore's third condominium-style public housing, and a queue to view the showflats started forming at 5am. All 578 units at Park Central@AMK come with fittings like built-in wardrobes, air-conditioners and parquet flooring. The four 30-storey blocks will house four- and five-room units, priced between S$433,000 and S$689,000 or about S$500 per square foot. Real estate agents said the prices are comparable to those for resale public housing in the neighbourhood. These are about S$400,000 for a four-room flat and up to S$550,000 for a five-room unit. Despite a slight cooling off in the property sector, the project's developer expects a good take-up rate. Jackson Yap, CEO, United Engineers Limited, said: "This is the mass market, the demand is always there. The interest rate in Singapore is still relatively low so to speak, and the other one is cash flow. "If you do your sums right, the net cash flow for buying these units (is) not that high if you include your CPF contributions." Park Central@AMK is the third project under the Housing Board's "Design, Build and Sell Scheme", where the private sector is involved in the building and marketing of public housing. While prices at Park Central@AMK are nearly 10 per cent lower than the previous condo-style development, City View@Boon Keng, it is still too much for some - especially younger couples who have just joined the workforce. Kevin Kwan said: "Maybe you have to forfeit your car, not get it so fast; and for daily expenses, you have to be more meticulous." Others are worried about the falling value of their asset as well as tough times ahead. Lean Guan Hock said: "Now, due to the soaring oil prices, I think everybody must be very concerned." Even though many have put in an application for the flats, not all will end up buying one. Some applicants said their final purchase decision will depend on how the global economy and the property market perform in the next few months. Applications must be submitted by August 5, and sales will be done via a balloting system. - CNA/ms

Second batch of condo-style HDB flats to be launched this weekend By Wong Siew Ying, Channel NewsAsia | Posted: 03 January 2008 2117 hrs SINGAPORE: The second batch of condo-style public apartments will be launched on 5 January. The apartments at City View@Boon Keng, which will be completed in 2011, promise the trappings of private residential homes. But they will not come cheap. The project is part of HDB's Design, Built and Sell Scheme (DBSS), where private developers build and market the flats. City View@Boon Keng is the second DBSS project; the first is at Tampines. At 40 storeys high, the City View@Boon Keng apartments will tower over many HDB flats in the area. The mixed development will comprise 714 units, two-thirds of which will be 5-room flats and the remainder 3- and 4-room units. The average cost of the apartments is S$520 per square foot, a record for new HDB flats. Hoi Hup Realty Pte Ltd's director, Wong Chee Herng, said: "It goes all the way from just slightly below S$350,000 to, I think, the most expensive unit is very close to S$740,000. We don't see an issue of pricing here, because when the buyers come to see the layout, the design, I think they will appreciate what they will pay for." Buyers will pay for the view of the city and features commonly found in private condominiums. JGP Architecture (s) Pte Ltd's director, Chan Sze Chin, said: "A buyer who comes in here does not have to spend any more money or time to hack the walls to install things like air-con pipes or water heater pipes and even kitchen cabinets. In addition, we've also provided quite a fair bit of plants to the balconies to add to the greening of the development." Industry players believe City View@Boon Keng will draw good response due to its location. Knight Frank's property consultant, Nicholas Mak, said: "The price is about half of that of some of the 99-year (leasehold) condominiums in that area, such as City Lights and South Bank. But, at the same time, they (prices of City View@Boon Keng apartments) are also a bit higher than those for the EC, executive condo. "From the launch of the first DBSS flats in Tampines till now, I think, it would be reasonable to assume that prices of DBSS would have gone up by about the same quantum as HDB resale flats, which is between 20 and 30 per cent." Analysts say the price of a 5-room HDB flat in the resale market in the Boon Keng area will cost about S$450,000. The City View@Boon Keng project is expected to attract the interest of young, middle-income families. Its marketing agents are confident the apartments will be a hit with home buyers. They say the project is likely to be oversubscribed by more than 10 times, attracting 8,000 to 10,000 buyers. Sales will be conducted by way of a ballot. Application starts on 5 January and will end at midnight on 16 January. All applicants must meet public housing guidelines, among them an average monthly household income cap of S$8,000. - CNA/ir Asumming a couple (with gross income 8k) decides to buy the most expensive unit at $740k. [/color] Loan amount assuming couple has 60k in ordinary account plus max. 40k HDB grant = 640k Monthly instatment base on 30 years HDB loan = $2563 Amount of money deposited monthly in ordinary account for couple base on 8k income = around 1.8k Cash required monthly after deducting cpf = $763 Not forgeting if the couple is near 30, then both will have to finance the flat till around 60 years old. If the wife or husband is out of job, then sure die. Wonder if the demand will be high at such high price.