$880,000: Priciest HDB flats launched in Tampines
-
Originally posted by Demon Bane:
Are there any Singaporean buying those expensive flats? I heard many are foreigners leh....is it true ?
Foreigners can buy DBSS meh ?
-
Originally posted by charlize:
Foreigners can buy DBSS meh ?
SPR that go on bank loan lor.. -
Prices slashed after DBSS flats uproar
DEVELOPER Sim Lian Group has slashed the prices of its Design, Build and Sell Scheme (DBSS) flats at Centrale 8 in Tampines by up to $102,000.
The move follows the public outcry at the record prices of the designer Housing Board (HDB) units launched last Thursday, when the developer asked $880,000 for the biggest five-room flats.
-- ST
-
1431 applications despite the high prices. Even if they didn't slash prices, people will still buy...how can Khaw say that if prices are too high, people won't buy?
These are the kind of people who cannot meet the minimum sum when they retire. And these days, no one holds a steady job till their home loans are finished. It's unpredictable.
-
Originally posted by Rock^Star:
1431 applications despite the high prices. Even if they didn't slash prices, people will still buy...how can Khaw say that if prices are too high, people won't buy?
These are the kind of people who cannot meet the minimum sum when they retire. And these days, no one holds a steady job till their home loans are finished. It's unpredictable.
Because some people believe that Sg prices will never fall.
In fact, it will continue to rise and rise and rise.
-
Comments are worth reading.
-
DBSS flats to remain relevant: analysts
SINGAPORE: There will still be demand for more expensive public housing such as the Design, Build and Sell Scheme (DBSS) flats.
That's the view of property analysts, following the recent debate over the pricing of such flats and the relevance of the scheme.
A five-room flat at the new DBSS Centrale 8 near the Tampines Regional Centre costs up to S$778,000.
A previous indicative price had been set at S$880,000, causing market watchers to question the pricing band of such flats.
Analysts said that at the moment, due to an overwhelming demand for more affordable housing, DBSS flats should take a backseat to allow for cheaper
build-to-order (BTO) flats.
Ku Swee Yong, CEO of International Property Advisor, said: "In our current context, where we are short of affordable homes to the tune of 15,000 to 20,000 more a year, and the minister is also trying to ramp up more and faster construction of HDB flats, perhaps the DBSS scheme is not valid for a while. When the market supply and demand situation is a bit more balanced, we can then put up the DBSS scheme for consideration again."
The Ministry of National Development said the DBSS flats were introduced with better design and finishes desired by higher-income flat buyers. The ministry added that while the DBSS flats account for a small proportion of public housing, they are well appreciated by buyers.
Adora Green, the first DBSS development in Yishun launched in November last year, was 96 percent sold. Flats there were priced between S$330,000 and S$650,000.
Analysts note that DBSS flats will continue to attract buyers, if they are priced "sensibly".
Nicholas Mak, executive director for research & consultancy at SLP International, said: "There is still a place in the present market for the DBSS flats, provided they are priced quite sensibly. Because some buyers may want to have a new flat that is designed by private developers. Private developers, in a competitive market, may engage some creative designers or architects that are a bit different or can give certain value that consumers may be willing to accept."
- CNA/ir -
Originally posted by charlize:
Because some people believe that Sg prices will never fall.
In fact, it will continue to rise and rise and rise.
Maybe next year financial crisis prices dropped. -
Originally posted by Almond Cookies:
Maybe next year financial crisis prices dropped.o rly?
-
DBSS residents expect good resale prices
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 Professor Yu Shi Ming, who heads the department of real estate at the National University of Singapore, said the distinction between a DBSS flat and a Build-To-Order (BTO) one will narrow when both enter the resale market in years to come.
-- ST
-
Originally posted by QX179R:
DBSS residents expect good resale prices
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 Professor Yu Shi Ming, who heads the department of real estate at the National University of Singapore, said the distinction between a DBSS flat and a Build-To-Order (BTO) one will narrow when both enter the resale market in years to come.
-- ST
See?
Many Singaporeans have this firm belief that property prices can never fall in Sg.
Who cares about job loss, retrenchment, global recession or credit crisis?
-
Tin Pei Ling shares views on DBSS saga
MEMBER of Parliament for Marine Parade Tin Pei Ling shared her thoughts on Facebook on Friday morning about the recent news regarding the Design, Build and Sell Scheme (DBSS) project in Tampines.
The flats at the 708-unit Centrale 8 raised an uproar last week over the $880,000 price tag for its largest units, as the price was nearly that of executive condominiums.
Project developer Sim Lian later said quoted price ranges were only 'indicative', before releasing a 'confirmed price range' for the flats, which showed a $100,000 price drop to $778,000 for the top-end units. Ms Tin posted this note on her Facebook account at 9.50am on Friday, titled 'Short note on housing 3: HDB land - a matter of principle'.
She wrote (as is carried here): 'The recent high profile sale of DBSS flats at Centrale 8 stunned many Singaporeans, including myself. Questions were raised by many members of the public. Some asked why HDB flats built on HDB lands and eventually to be managed by the Town Councils (i.e. like normal HDB flats) should be priced by private developers. I understand and sympathise with these views.
'Allowing private developers who had successfully acquired HDB lands to independently price DBSS units may be in line with 'free market' principles, but it also means HDB losing control over precious lands that could be better utilized for BTO flats or community facilities.
'DBSS was meant to offer an additional housing option to Singaporeans - premium but less expensive than private condominiums. It is right to offer tiered options to address the different aspirations of Singaporeans. But the 'devil is in the details', and what might have been a useful housing option in 2005 may no longer be as suitable today.'
'Some have pointed out that Singaporeans can choose not to purchase over-priced DBSS flats. But I think the issue is one of principle - given the land scarcity in Singapore, HDB land should be reserved for building affordable public housing, and not apartments that HDB has little influence over. As part of MND's overall review of housing policies, perhaps it should either let HDB take back the right to price DBSS units, or include a clause to compel price negotiations between HDB and the private developers.'
-- ST
-
Originally posted by QX179R:
Tin Pei Ling shares views on DBSS saga
MEMBER of Parliament for Marine Parade Tin Pei Ling shared her thoughts on Facebook on Friday morning about the recent news regarding the Design, Build and Sell Scheme (DBSS) project in Tampines.
The flats at the 708-unit Centrale 8 raised an uproar last week over the $880,000 price tag for its largest units, as the price was nearly that of executive condominiums.
Project developer Sim Lian later said quoted price ranges were only 'indicative', before releasing a 'confirmed price range' for the flats, which showed a $100,000 price drop to $778,000 for the top-end units. Ms Tin posted this note on her Facebook account at 9.50am on Friday, titled 'Short note on housing 3: HDB land - a matter of principle'.
She wrote (as is carried here): 'The recent high profile sale of DBSS flats at Centrale 8 stunned many Singaporeans, including myself. Questions were raised by many members of the public. Some asked why HDB flats built on HDB lands and eventually to be managed by the Town Councils (i.e. like normal HDB flats) should be priced by private developers. I understand and sympathise with these views.
'Allowing private developers who had successfully acquired HDB lands to independently price DBSS units may be in line with 'free market' principles, but it also means HDB losing control over precious lands that could be better utilized for BTO flats or community facilities.
'DBSS was meant to offer an additional housing option to Singaporeans - premium but less expensive than private condominiums. It is right to offer tiered options to address the different aspirations of Singaporeans. But the 'devil is in the details', and what might have been a useful housing option in 2005 may no longer be as suitable today.'
'Some have pointed out that Singaporeans can choose not to purchase over-priced DBSS flats. But I think the issue is one of principle - given the land scarcity in Singapore, HDB land should be reserved for building affordable public housing, and not apartments that HDB has little influence over. As part of MND's overall review of housing policies, perhaps it should either let HDB take back the right to price DBSS units, or include a clause to compel price negotiations between HDB and the private developers.'
-- ST
If I didn't see this report, I would have forgotten all about her.
Why is the newspaper trying to remind the public about her?
-
Maybe in 2030 AD, a single five room flat can costs a million.
A condo also 2 million.
Most singaporeans are millionaires.
-
Originally posted by Almond Cookies:
Maybe in 2030 AD, a single five room flat can costs a million.
A condo also 2 million.
Most singaporeans are millionaires.
I think no need 2030 AD, maybe next 5 years will reach those prices!!!
-
Originally posted by Demon Bane:
I think no need 2030 AD, maybe next 5 years will reach those prices!!!
So those people who bought will huat lor.
-
Originally posted by charlize:
So those people who bought will huat lor.
Unless you've got another place to stay, otherwise even sold the house (at high price) also have to buy another more expensive housing leh....unless downgrade?
-
PAP pls control the prices fo flats lah.
Nowadays I see Property agent phamplets also scared a 3 room flat can cost 250K to 350K
-
Originally posted by Almond Cookies:
PAP pls control the prices fo flats lah.
Nowadays I see Property agent phamplets also scared a 3 room flat can cost 250K to 350K
Next stop S$500k for 3rm HDBs....and thay will still say its "affordable"....
-
Originally posted by Demon Bane:
Unless you've got another place to stay, otherwise even sold the house (at high price) also have to buy another more expensive housing leh....unless downgrade?
You never hear of setting up your tent in East Coast Park?
-
You need a permit to setup your tent in ECP....I saw a video somewhere about those homeless in ECP and other beach areas...
-
Originally posted by Demon Bane:
You need a permit to setup your tent in ECP....I saw a video somewhere about those homeless in ECP and other beach areas...
Think out of the box.
There are such things as hdb void decks.