03 Jul '11, 12pm

Proof of idiots always thinking there is an upside to everything. Capitalism at its finest.

THEY may have paid high prices, but residents of Design, Build and Sell Scheme (DBSS) flats said they are confident that the better location of their estates will land them good resale prices in future. Industry observers and academics agree that it is the location - and not so much the touted better fittings and design - that could help the owners command a premium in the resale market. DBSS flats have been in the news after the developer of the Centrale 8 project in Tampines drew flak for pricing units at high prices. PropNex chief Mohamed Ismail said: 'Today, it is a DBSS flat, but five years from today, it will be another ordinary HDB flat. The valuation then will focus on the good location of the flats and the market sentiment.' Agreeing, SLP International head of research Nicholas Mak said: 'No one knows what the market will look like in five years' time.' Associate ...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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