15 Oct '11, 7am

Days of DBSS numbered, says analysts. Do you agree?

SINGAPORE - Analysts said flats sold under the Design, Build and Sell Scheme (DBSS) may be losing their relevance, as the gap in the housing market they previously served is now covered by Build-To-Order (BTO) flats. The income ceiling to qualify for a BTO flat was recently raised to S$10,000 - the same as DBSS flats. Since the public outcry over the record-breaking asking prices of a previous DBSS launch, Centrale 8, and the following clamp-down on land sales for such projects, some analysts believe the days of DBSS projects are numbered. But in the housing market, it's all about location and pricing. Belvia in Bedok is the latest DBSS project to be launched. It saw a healthy crowd, receiving more than 200 applications on its first day. Mr Raymond Chia, CEO of CEL Development, said: "Bedok Reservoir is a mature estate; we feel there's a ready demand. If you look at houses...

Full article: http://www.todayonline.com/Singapore/EDC111015-0000356/Da...

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