18 Jun '11, 11am

'DBSS is not HDB': Minister Khaw says in new blog

'DBSS is not HDB': Minister Khaw says in new blog

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 (above) sought to explain the difference between DBSS developments and HDB flats. -- ST PHOTO: JOYCE FANG 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 dev...

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

Comments

  1. 18 Jun '11, 1pm

    If DBSS is not HDB, why does it benefit from a HDB grant?

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