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DBSS launched in 2011 / 2012

 

Bedok Reservoir Crescent DBSS - Belvia


Near to Bedok Reservoir and future downtown line 3 Bedok Town Park MRT Station. Easily assessible from/to PIE and ECP.

Developer : CEL Development Pte Ltd
Location : Bedok Reservoir Crescent
Description : Proposed public housing development comprising the erection of 3 blocks of 14 storey and 3 blocks of 15 storey residential flats (total 488 units) with a block of 7 storey multi-storey car park and a block of precint pavilion
Site Area : 16,657.00 sqm
Number of units: 488
Lease Term : Leasehold 99 years
Expected TOP :     Nov 2014
Unit Type :
  • 3 room (66-67 sqm) - 102 units
  • 4 room (85-87 sqm)- 209 units
  • 5 room (105-109 sqm)- 177 units
Recreation Facilities : Precinct Pavilion, Children’s Playground, Adult and Elderly Fitness Station, Seating Areas, Pebble Walk, Shelter, Barbeque pits & Recreation Deck




Upper Serangoon Road DBSS - Parkland Residences


This site is located just across Punggol Park. Residents will enjoy shopping, food and entertainment conveniences at Hougang Plaza, Hougang Mall and Kang Kar Mall. Established schools like Holy Innocents' High School, Xinmin Primary and Secondary Schools, Montfort Primary and Secondary Schools, Serangoon Secondary, as well as Serangoon Junior College are also within easy reach. In addition, there is a host of facilities such as a library, swimming pool, sports hall and stadium within the town. The site is well-linked to the Hougang MRT station, Hougang Bus Interchange and major expressways such as Tampines, Kallang Paya Lebar and Central Expressways (TPE/KPE/CTE).

Developer : Kwan Hwee Investment Pte Ltd
Location : Upper Serangoon Road
Site Area : 20,000sqm
Estimated Dwelling Units: 630
Lease Term : 103 years (includes a 48 month construction period)




Yuan Ching Road DBSS - Lake Vista @ Yuan Ching


This site is located near the Jurong Lake District, which will be developed into a unique lakeside destination for business and leisure. For shopping, food and entertainment, families can look to Jurong Point, IMM, Taman Jurong and Boon Lay Shopping Centres. The upcoming commercial development at Jurong Gateway will also widen the retail opportunities. Other attractions include the Jurong Lake Park, Chinese and Japanese Gardens, Jurong Bird Park, Singapore Science Centre and Snow City.

There are also established schools and tertiary institutions like River Valley High, Jurong Junior College and Nanyang Technological University nearby. Bounded by major expressways such as Pan-Island and Ayer Rajah Expressways (PIE/AYE), the land parcel is also efficiently served by Lakeside and Boon Lay MRT Stations and Boon Lay Bus Interchange.
Developer : Hoi Hup Sunway Pte Ltd
Location : Yuan Ching Road
Site Area : 21, 199.70 sqm / 228,193.57 sqft
Estimated TOP : 9 January 2015
Tenure of Land : Leasehold 99 years
Description : Proposed DBSS Public Housing Development Comprising 4 Blocks of 22-Storey Residential Units, 1 Block of 7-Storey Multi Storey Carpark Building
Unit Types : 682 units comprising 3 Room, 4 Room & 5 Room
Facilities a) Main Drop Off Point
b) Precinct Pavilion
c) Sculpture Courtyard
d) Connecting Green Sitting Areas
e) Soft Mediation Court
f) Reflexology Path
g) Function Plaza
h) Open Green Court
i) Elderly and Adult Fitness Corner
j) Adventure Playground
k) Pattern Garden
l) BBQ Corner with Pavilion
m) Pocket Palm Drop Off Points

Yuan Ching DBSS Location Plan


Clementi Ave 4 DBSS - Trivelis


This site is located in Clementi New Town, a destination complete with convenient facilities and amenities. For shopping, food and entertainment options, residents can look to The Clementi Mall and West Coast Plaza. The recreational choices are aplenty with the Clementi stadium, sports hall and swimming complex nearby.

There are also established educational and academic institutions like Nan Hua Primary, NUS High, Singapore Poly, Ngee Ann Poly, NUS (Kent Ridge) and SIM University in the vicinity. Bounded by major expressways such as Pan-Island and Ayer Rajah Expressways (PIE/AYE), the land parcel is also efficiently served by the Clementi MRT Station and bus interchange.
Developer : EL Development (Clementi) Pte Ltd
Location : Clementi Ave 4
Description : 3 towers of 40 storey DBSS flats comprising 888 units of 3, 4, and 5 room units along Clementi Ave 4 and a 6/7 multi storey carpark
Site Area : 21,906.5sqm
Tenure : 99 years from date of issuance of TOP/CSC whichever is earlier
Expected TOP :     09 Mar 2015
Number of units: 888
Unit Type :
  • 3 rooms (60 sqm): 222 units
  • 4 rooms (80-82sqm): 518 units
  • 5 rooms (105 sqm): 148 units

Clementi Ave 4 DBSS Location Plan


Pasir Ris Central / Pasir Ris Drive 1 - Pasir Ris One


Located within Pasir Ris Town, this site is served by the Pasir Ris MRT station and the Pasir Ris Bus Interchange. The Tampines Expressway (TPE) is also in close proximity to the site, serving as a fast conduit for residents who drive. There are also a wide variety of shopping and recreational spaces in the vicinity such as the White Sands Shopping Centre, Elias Mall, Pasir Ris West Plaza and the Pasir Ris park, which is an excellent place for family outings. Established schools such as Hai Sing Catholic, Meridian Junior College and Tampines Junior College are also within easy reach.
Developer : Singxpress Land (Pasir Ris) Pte Ltd and Kay Lim Holdings Pte Ltd
Location : Pasir Ris Central / Pasir Ris Drive 1
Site Area : 16,388.2 sqm
Estimated Dwelling Units: 410
Lease Term : 103 years (includes a 48 month construction period)

Pasir Ris DBSS Location Plan


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Preferred Project:
Bedok Reservoir Crescent DBSS (Belvia)
Upper Serangoon Road DBSS (Parkland Residences)
Yuan Ching Road (Lake Vista @ Yuan Ching) DBSS
Clementi DBSS (Trivelis)
Pasir Ris DBSS (Pasir Ris One)

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Is it all about price at Centrale 8?

by Ong Dai Lin 04:45 AM Jul 11, 2011 TodayOnline

SINGAPORE - After hogging the headlines for the wrong reasons, the first weekend of Centrale 8's (picture) walk-in-and-buy phase got off to a slow start.

The Sim Lian Group, the developer of the Design, Build and Sell Scheme (DBSS) project in Tampines, had earlier drawn flak for its initial prices of up to a record S$880,000 for five-room flats, before confirming the maximum price at S$778,000.

MediaCorp had reported on Saturday that when doors opened for the walk-in phase at 10am, only about 20 people turned up.

At the showroom at around 6pm yesterday, around 20 families were viewing the project. A board, which listed the availability of the project's 708 units, showed around 35 per cent of the flats being sold so far.

Some prospective buyers who turned up at the showroom yesterday told MediaCorp that they were there to check if prices have fallen.

Mr Zack Henry, 40, said: "(Centrale 8) is near the MRT and Tampines Mall but the flats are expensive. I might as well go for an Executive Condominium (EC)."

Another potential buyer, who only wanted to be known as Mr Wong, said: "The price is high but it is not a private property. It is a Housing and Development Board (HDB) project ... and there are no other amenities. We like the project because of the location. But if the price remains high, we'll just stay out."

Property analysts said they are surprised at the low take-up rate. They added that the negative publicity about the project's high prices may have affected buyers sentiment.

Dennis Wee Group director Chris Koh said: "The Government's announcements to review the DBSS scheme ... and Sim Lian's high prices could cause some to take a step back and wait and see."

SLP International head of research Nicholas Mak added: "Usually during the first weekend when sales are opened to public, there is an overwhelming response in the showroom."

Mr Mak said that the developer will "have to find out why sales is slow and address the problem". He added: "If sales slow down, it's difficult to regenerate interest in the project." Mr Mak noted that when faced with slow sales, developers could reduce prices and increase the value of the flats by providing finishes, such as marble instead of tiles.

Mr Koh pointed out that if Sim Lian decreased its prices now, those who had already bought the units would be affected.

"It also affects the creditability of the company - so it's not about cutting prices. It is about winning back the confidence of buyers," he added. Ong Dai Lin

No wedding, no flat, but DBSS buyer has to pay $120,000 penalty

Sat, Jul 09, 2011 AsiaOne

SINGAPORE - A buyer who purchased a flat under the Housing and Development Board's (HDB) Design, Build and Sell Scheme (DBSS) with her fiance two years ago, now has to pay a painful penalty after calling off their wedding.

The penalty amounts to a hefty 20 per cent - or over $120,000 - of the purchase price of $610,000. This is four times the five-per-cent penalty payable for the Build-To-Order (BTO) flats.

The Straits Times reported that Ms W L Teoh, 29, signed for the five-room flat in Ang Mo Kio with her fiance two years ago, but the wedding was called off soon after.

With the wedding called off, they were made ineligible for the flat that they had signed up for. HDB's Fiance/Fiancee scheme states that an engaged couple must produce a wedding certificate three months after taking possession of a flat.

Ms Teoh told The Straits Times: 'When we decided not to go ahead with the marriage due to personal reasons, we were hit with an absurd penalty amount.'

She was offered by HDB to purchase the flat under a different scheme, with eligible family members.

However, her parents were ineligible, leaving her with little choice but to pay the penalty, which amounted to more than $140,000 after the inclusion of interest, stamp duty and legal fees they had already paid for.

In the case of a private property owner who decides to reject a unit that he has signed up for, he is allowed to resell his unit to another buyer, unlike that of a DBSS buyer who will have to adhere to HDB's five-year rule.

HDB is appealing to the developer on Ms Teoh's behalf to explore possible options. The Straits Times reported that there will be a meeting to discuss this next week.

After public outcry about the pricing of Centrale 8, the latest DBSS project in Tampines, the Ministry of National Development halted the sale of DBSS plots and put the scheme under review.

Yesterday, a DBSS land sales tender at Sengkang that was originally scheduled for closure on July 20 was withdrawn.

DBSS land sales suspended, under review

Jul 5, 2011 - PropertyGuru.com.sg

The government has suspended future land sales under the Design, Build and Sell Scheme (DBSS), pending its review, according to National Development Minister Khaw Boon Wan.

"We are reviewing (the) DBSS scheme. Meanwhile, I have suspended future DBSS land sales," said Khaw on his Facebook page.

"However, a few DBSS land sites sold last year, like the Centrale 8 site, will launch their sales in next few months," he said. "These are old tenders beyond my control."

He noted that the Ministry of National Development (MND) and the Housing and Development Board (HDB) are reviewing the scheme, during which the "HDB will not proceed with the sale of the Bendemeer Road site originally scheduled in 1H 2011."

Since 2005, 13 sites have been sold to private developers under the scheme, which aims to provide flat buyers better value-for-money, as well as offer further improvement in building and design. Under the scheme, developers tender for land sites and have flexibility in designing, selling, and pricing the flats.

"The DBSS did play two functions then: number one, to cater to the sandwich class — those people whose income were above S$8,000 and did not qualify for BTO (build to order) flats," said Mohamed Ismail, Chief Executive of Propnex.

Secondly, "it allowed, during 2005 — when the economy was not doing well — the developers an opportunity to build homes, with better design as well as architectural initiative being thrown in."

DBSS flats comprise less than one percent of the entire HDB flat supply. However, they came under fire recently after Sim Lian Group, the developer of the Central 8 DBSS project, set an asking price of around S$880,000 for five-room flats in the project.

"But today, six years later, I think the climate and the background have totally changed," noted Ismail.

Analysts pointed out that DBSS flats may not be relevant today, as the government’s current policy is to provide affordable housing to the public.

Tampines DBSS project two times oversubscribed

Thu, Jun 23, 2011 AsiaOne

The controversial expensive Design, Build, and Sell Scheme project at Tampines, Centrale 8, has been two times oversubscribed.

1,431 applications were received for the 708-unit project by the deadline on Tuesday.

This is despite the hullabaloo created by the indicated price earlier announced by property developer Sim Lian Group, who said during the launch that the biggest 5-room flats will cost up to $880,000.

It has since slashed the prices by up to $102,000, bringing the maximum price down to $778,000.

The Straits Times reported that this news surprised some industry observers, who said that the number of times a project is over-subscribed is not a good indicator of how well it will actually sell eventually.

PropNex Chief Mohamed Ismail told the paper that it is more likely that that people are hoping to buyer lower-end units within their price range, and that if they are offered a flat beyond their budget they will reject it.

Similarly, when the first DBSS project was launched, also by Sim Lian Group, the 616-unit Premiere@ Tampines received 5,700 applications. However, only 500 flats were sold initially, although, as the Straits Times reported, there were long queues when the remaining units went up for sale.


Price of Centrale 8 DBSS flats lowered

by Esther Ng 06:07 AM Jun 22, 2011 TodayOnline

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 Regional Centre with mature amenities, and the promixity to Tampines MRT station and the future Downtown Line 3 MRT interchange.

In a press release yesterday, Sim Lian Group chief executive officer Kuik Sin Pin said the new price range was decided based on the resale prices, age and location of HDB flats in the same vicinity, prevailing economic conditions and proximity to transport networks and good public facilities.

ERA's Mr Lim said Sim Lian could have been "genuinely pressured" to adjust the pricing.

He added, "The Minister himself said that if you price it too high, no one will want to buy from you."

However, Suntec Chesterton International head of research and consultancy Colin Tan felt that in all probability, the developer would have offered home buyers a discount to its indicative price range. Now, he said, Sim Lian will be making a smaller profit.

The developer did not say how many applications it received when the deadline closed yesterday.

But Mr Lim reckons that the flats are still "pricey": "Usually, the premium above a resale flat for a DBSS is between S$100,000 to S$150,000."

Analysts pointed out that Tampines is a more popular mature estate compared to Yishun, where the lower-priced Adora Green, which is 96 per cent sold after its February launch, is located.

"Centrale 8 not only has the amenities and conveniences, but offers high rental value - this could add five to 10 per cent more in pricing," said Cushman & Wakefield vice-chairman Donald Han.

Mr Mak had another take: "Sim Lian probably thought it had no competition, as there's not much land in Tampines for the Government to launch BTOs."

Centrale 8 pricing

by Esther Ng

Centrale 8' Indicative Prices

Three-Room $397,000 to $510,000

Four-Room $531,000 to $683,000

Five-Room $685,000 to $880,000

Confirmed Price Range

Three-Room $389,000 to $445,000

Four-Room $511,000 to $592,000

Five-Room $685,000 to $778,000

Unit prices for DBSS project in Tampines hit record high


By Liang Kaixin | Posted: 16 June 2011 2322 hrs ~ Channel News Asia

SINGAPORE: Would you pay S$880,000 for a new HDB flat? That is the top price for a five-room unit at Centrale 8, the new Design-Build-and-Sell-Scheme in Tampines and it sets a new record, surpassing prices of some resale flats in the area.

Tampines DBSS Centrale 8 perspective Launch prices for five-room units range between S$685,000 and S$880,000. At 108 square metres, these are smaller than most new HDB flats, but potential customers said the units are better designed.

Centrale 8 is located near Tampines town centre, near upcoming developments. Its sales launch saw about 300 customers on Thursday morning. Applications for its 708 units close on June 21.

The National Development Ministry told Channel NewsAsia that the developers of DBSS projects have to ensure prices are affordable, and comparable to new HDB projects and the resale and private markets.

DBSS projects are open to households earning a combined income of up to S$10,000 a month.

Prices of Centrale 8 units are about twice that of an earlier DBSS project launched in Tampines five-years ago by the same developer. The developer said actual prices will be determined in July, when applications are processed.

Kuik Sing Beng, Executive Director at Sim Lian Group, said: "Five years ago, there was no announcement of the new Downtown Line interchange, as well as the new lifestyle hub. Comparatively, they can still afford a condominium in the suburban area, but this is very well-located, with all the new amenities. So I think the prices are reasonable."

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