22 Jun '11, 1am

Prices of controversial Centrale 8 DBSS flats lowered by up to S$100K and more

SINGAPORE - Centrale 8's developer has reduced the prices of its Design, Build and Sell Scheme flats (DBSS), possibly "caving in" to public pressure, property analysts told MediaCorp. The most expensive five-room flat is now S$778,000, down from S$880,000. While Sim Lian Group reiterated yesterday that its initial prices were only indicative, ERA Asia Pacific associate director Eugene Lim pointed out: "When developers reveal their price range, it's usually quite close. For instance, (the previous DBSS project) Adora Green's selling prices were exactly their indicative prices." SLP International executive director of research and consultancy Nicholas Mak said: "Like any business, they took the risk - they wanted to see if the market would respond positively to their prices or not." Sim Lian said last week it the premium cost was due to the project's location in Tampines Reg...

Full article: http://www.todayonline.com/Singapore/EDC110622-0000531/Pr...

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