05 Jul '11, 8am

IM$avvy Headlines: DBSS land sales suspended as scheme being reviewed: Khaw #property #Singapore

(SINGAPORE) Future land sales under the Design, Build and Sell Scheme (DBSS) have been suspended while the scheme is being reviewed, said National Development Minister Khaw Boon Wan. Mr Khaw shared this on Facebook in a message posted on Saturday. 'We are reviewing DBSS scheme. Meanwhile, I have suspended future DBSS land sales,' he said. 'However, a few DBSS land sites sold last year, like the Centrale 8 site, will launch their sales in next few months. These are old tenders beyond my control.' Responding to a media query, the Ministry of National Development (MND) also said: 'MND/HDB is reviewing the DBSS. Pending the ongoing review, HDB will not proceed with the sale of the Bendemeer Road site originally scheduled in 1H 2011.' Under the DBSS, developers tender for land and have flexibility in designing, pricing and selling the flats. DBSS flats make up a small portion -...

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

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