19 Jun '11, 2am

“Design, Build and Sell Scheme (DBSS) flats will be offered for sale under similar eligibility rules, terms and...

Very sad to read that Minister Khaw and HDB have no control over the price set. HDB offered recently the BTO not far away at 440k…and here it is doubled at 880k for a size smaller. HDB should dissociate herself from this DBSS…and let the developer sell as private development. At the same time, if HDB had sold the developer land at prices meant for HDB units, HDB should recover costs by charging them higher land prices as they seem to be taking the opportunity to over charge buyers based on ‘value added due Downtown, Regional Center’. This pricing is 33% more than the ones in AMK, priced around 600k. HDB is used as a benchmark price from where all other housings are based from, and which will ultimately push up land prices. HDB should avoid itself from being used as an instrument by private developers in pursuing their need for high profits. HDB must not finance or be gaini...

Full article: http://www.temasekreview.com/2011/06/19/khaw-boon-wan-dbs...

Tweets

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