13 Oct '11, 3am

New DBSS flats out this month likely to cost less, as developers try to avoid repeat of negative reaction

New DBSS flats out this month likely to cost less, as developers try to avoid repeat of negative reaction

DBSS project Belvia (above) in Bedok Reservoir will cost at least $600 psf, which industry observers say is still pricey for an HDB flat. The $600 to $700 psf range for a previous DBSS project in Tampines sparked public outcry in June. -- PHOTO: CEL DEVELOPMENT By Cheryl Ong HDB flats under the Design, Build and Sell Scheme (DBSS) being offered for sale this month are all but certain to cost less, as developers try to avoid a repeat of the negative reaction to a previous launch in June. Two of the three developers behind the newest projects say the prices will be pegged to market sentiment, following a public outcry over record-breaking asking prices for flats in Centrale 8 in Tampines. DBSS flats are designed and sold by private developers and typically come with fittings and better designs than standard build-to-order (BTO) HDB flats. Their prices reflect that premium. D...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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