17 Jun '11, 1am

Priciest-ever new HDB flats, at $880,000, went up for sale in Tampines

An artist's impression of Centrale 8. A Sim Lian spokesman says the project's selling points include its proximity to shopping malls and the Integrated Lifestyle Hub. -- PHOTO: SIM LIAN THE priciest-ever new HDB flats went up for sale yesterday under a Design, Build and Sell Scheme (DBSS) development launched in Tampines. The most expensive five-room flats at Centrale 8 by developer Sim Lian will set buyers back a cool $880,000. That works out to a whopping $750 per square foot - a price tag more often seen on suburban condominiums. PropNex chief executive Mohamed Ismail said he did a double take when he first heard about the prices. 'No doubt it's in Tampines, which is a mature estate with many good things going for it, but it is still extremely high for a public housing flat,' he said. DBSS flats are public housing units designed and built by private-sector developers an...

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

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Will you pay $880,000 for a HDB flat? #Singapore

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