View Full Version : Unit prices for DBSS project in Tampines hit record high
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1135575/1/.html
Unit prices for DBSS project in Tampines hit record high
By Liang Kaixin | Posted: 16 June 2011 2322 hrs
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.
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."
-CNA/ac
Wow, veri high...., soon going to be $1m Liao....KBW smart say likely have justification to increase income ceiling...., enlarging pool who can afford...to apply...., he supporting price increase?
I guess is not about price dropping, rather to ensure good supply of bto in not so prime locations so that lower priced units are always available. Those better located ones will still maintain the premium.
:beats-me-man:
thomastansb
17-06-11, 00:31
Tampines also 880k. Then Pinnacle @ Duxton how? 1.3 million? Those bought at 750k are laughing their ass off now. And people at that time still say siao, 750k buy HDB. Now, Tampines 800k on average. :banghead::banghead:
bargain hunter
17-06-11, 01:25
news when reported in this manner only causes KBW to think of more cooling measures. but before that, pple must SNAP UP first lah. if poor sales, then KBW dun need to do anything liao.
Wow, veri high...., soon going to be $1m Liao....KBW smart say likely have justification to increase income ceiling...., enlarging pool who can afford...to apply...., he supporting price increase?
news when reported in this manner only causes KBW to think of more cooling measures. but before that, pple must SNAP UP first lah. if poor sales, then KBW dun need to do anything liao.
They should Just stop this dbss nonsense, which is really mbt's lousy legacy. For nicer flats, go back to the design and build scheme that was started more than a decade ago.
$880k.
leasehold
financing restrictions
no facilities/security
Tampines (damn far)
Government housing
HDB is mad crazy.
Tampines also 880k. Then Pinnacle @ Duxton how? 1.3 million? Those bought at 750k are laughing their ass off now. And people at that time still say siao, 750k buy HDB. Now, Tampines 800k on average. :banghead::banghead:
Ya....., pinnacle's iconic, much better, like that cross $1m Liao when 5yr is up to sell. Now agents at mass condo such as NV residence can shout "cheap cheap", (was about $800psf when launched, saw ad last mth still selling), I believe there are still units left there. Not vested.
Sim Lian director can say" prices are reasonable", that's becos he has got millions in his bank...:doh:
At this price, if people still buy, GREAT, let them buy, but please dont complain when price clashes.......
Mr KBW better act fast to cool the mkt bring the price down hefty..... this is really crazy......... HDB flat cost $880k!!! AFFORDABLE????????
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1135575/1/.html
Unit prices for DBSS project in Tampines hit record high
By Liang Kaixin | Posted: 16 June 2011 2322 hrs
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.
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."
-CNA/ac
Thing getting out of hand?
Any carrot head volunteer?
At least when market crash government will help.... Because it's their sin:D
kingkong1984
17-06-11, 08:54
clearing waterview lah..
this makes that attractive
this will lead to further cooling measures, targetting at HDB's DBSS and EC's.
kskong2000
17-06-11, 09:35
government say private housing too high and wan cool it off so the developer dont earn so much...HDB sell high is ok, coz money go government pocket...
If the sell go well, then private housing will have another bull run...next election, then change another minister..
thomastansb
17-06-11, 09:49
Actually cannot compare like this. It is affordable for normal BTO I guess. Remember, no one ask these buyers to buy DBSS.
At this price, if people still buy, GREAT, let them buy, but please dont complain when price clashes.......
Mr KBW better act fast to cool the mkt bring the price down hefty..... this is really crazy......... HDB flat cost $880k!!! AFFORDABLE????????
linchong84
17-06-11, 10:20
clearing waterview lah..
this makes that attractive
this will lead to further cooling measures, targetting at HDB's DBSS and EC's.
Wah.. got this kind of conspiracy theory one ah..
EC's prices need not cool, it's already quite low and almost same as DBSS.. Actually i think MND is confused liao.. They had thought that if they increase income ceiling for public housing, more people will be happier, pte housing demand and prices might be cooled, and subsequently cool HDB prices also.. seem like the opposite will happen instead..
The biggest mistake is MND allowed DBSS, which is a HDB flat, to be bidded and launched at open market.. Way too expensive and senseless..
I don't think we should complain and price will not be an issue.
We voted PAP into Parliament and it means we accepted and believe whatever PAP and Mah Bow Tan said about Singapore Housing situation.
It means we accepted PAP and MBT's housing policies.
60.1% will show support by snapping up these DBSS even at 1 million. Most will be from Civil Service, Grassroots and NTUC.
Resale 5 years time will be 1.5 million.
Lets all huat all the way.
Btw, I am not from Sim Lian.
how much did sim lian paid for the land?
linchong84
17-06-11, 11:12
how much did sim lian paid for the land?
280-300psf
$261 , reported in strait times today
Wah.. got this kind of conspiracy theory one ah..
EC's prices need not cool, it's already quite low and almost same as DBSS.. Actually i think MND is confused liao.. They had thought that if they increase income ceiling for public housing, more people will be happier, pte housing demand and prices might be cooled, and subsequently cool HDB prices also.. seem like the opposite will happen instead..
The biggest mistake is MND allowed DBSS, which is a HDB flat, to be bidded and launched at open market.. Way too expensive and senseless..
Should do away with DBSS and or combine into EC.., no need for 3 tier type of public housing. Now have BTO, DBSS and EC, MBT legacy...:doh:
$261 , reported in strait times today
sim lian really sucker. they should be able to construct at $500 or less. should boycott and make them suffer for this project
one hand khaw want to make hdb "affordable", another hand developer is sucking hard on ppl!!! :banghead: ah khaw's definition of affordable means allowing higher earner to buy!!
sim lian really sucker. they should be able to construct at $500 or less. should boycott and make them suffer for this project
one hand khaw want to make hdb "affordable", another hand developer is sucking hard on ppl!!! :banghead: ah khaw's definition of affordable means allowing higher earner to buy!!
Don't think we should blame anyone.
We get what we voted for.
Tsk tsk...sim lian...very greedy..
thomastansb
17-06-11, 12:35
I don't understand the big fuss here. If it is priced so high, they can just don't buy. Will you complain that Liang Court is selling an Apple from Japan that cost $80???
Don't think we should blame anyone.
We get what we voted for.
Tsk tsk...sim lian...very greedy..
Sim Lian like other developers is just working within framework and policies set and allowed by government.
If you want, ask government to implement new restraints on developers and prices then.
I am sure government can think of something to restrict developers from being greedy.
I don't understand the big fuss here. If it is priced so high, they can just don't buy. Will you complain that Liang Court is selling an Apple from Japan that cost $80???
I agree with you in principle.
But $80 foreign apple vs $880,000 local public housing is not good comparision though.
"It is after all just a HDB flat, why allow to make it so expensive" is what most people is shocked about.
Private Property alone is more than enough to cater to would-be buyers group of DBSS.
Scrap DBSS.
surely, hdb is getting a good cut from this.
thomastansb
17-06-11, 12:48
It is not as if all HDB are selling at 800k. We are just picking 1 unit or maybe 100 units out of hundred of thousands that is in the market and say it is overpriced. Worse still, this is not BTO. This is DBSS by private developers. The differentiation factor is already there.
It is also like saying apartments (including HDB) are ridiculously expensive in Singapore because 1 rich man pay close to 6,000 psf in Orchard. By lumping all properties together. We have to look at the different type of flats I guess. Government already tell you, DBSS is priced by private developers with HDB rulings. If you still continue to buy, then it is your problem. You have 300k choice, you choose 800k. I have nothing to say.
I agree with you in principle.
But $80 foreign apple vs $880,000 local public housing is not good comparision though.
"It is after all just a HDB flat, why allow to make it so expensive" is what most people is shocked about.
Private Property alone is more than enough to cater to would-be buyers group of DBSS.
Scrap DBSS.
It is not as if all HDB are selling at 800k. We are just picking 1 unit or maybe 100 units out of hundred of thousands that is in the market and say it is overpriced. Worse still, this is not BTO. This is DBSS by private developers. The differentiation factor is already there.
It is also like saying apartments (including HDB) are ridiculously expensive in Singapore because 1 rich man pay close to 6,000 psf in Orchard. By lumping all properties together. We have to look at the different type of flats I guess. Government already tell you, DBSS is priced by private developers with HDB rulings. If you still continue to buy, then it is your problem. You have 300k choice, you choose 800k. I have nothing to say.
Yah can always don't buy one mah, who ask u to buy haa haa... The recent BTO just opposite this project called Tampines greenleaf 5room flat is priced between 371k and 444k.
kingkong1984
17-06-11, 13:12
this one will be built first and for those who cannot wait.. walk in selection?
Choose your apple wisely.. eve tempted adam with a apple.. duno what color was that apple.
Yup, will be interesting to see how the profits are apportioned. :D
surely, hdb is getting a good cut from this.
Regulators
17-06-11, 14:10
Just like private property, hdb also got high end and low end. But to have high end hdb in tampines just seems a bit odd. This makes the dbss in boon keng seem very cheap.
At this price, if people still buy, GREAT, let them buy, but please dont complain when price clashes.......
Mr KBW better act fast to cool the mkt bring the price down hefty..... this is really crazy......... HDB flat cost $880k!!! AFFORDABLE????????
wah. Those hdb owners at tampine can huat alrdly lolx!!
Thanks to the DBSS,marketed as high end hdb sia
proud owner
17-06-11, 14:22
Tsk tsk...sim lian...very greedy..
which developer is not greedy ?
maybe those tiny ones are better ...they probably just want to make some money and exit ..
while the more established developers ... govt provided them the environment to take advantage ... so take it lor ...
FEO not greedy meh ?
enbloc a FH condo and sell as 103 yrs .. this is LONG TERM GREED ..
Sim Lian is just greedy for this project ..
It is not as if all HDB are selling at 800k. We are just picking 1 unit or maybe 100 units out of hundred of thousands that is in the market and say it is overpriced. Worse still, this is not BTO. This is DBSS by private developers. The differentiation factor is already there.
It is also like saying apartments (including HDB) are ridiculously expensive in Singapore because 1 rich man pay close to 6,000 psf in Orchard. By lumping all properties together. We have to look at the different type of flats I guess. Government already tell you, DBSS is priced by private developers with HDB rulings. If you still continue to buy, then it is your problem. You have 300k choice, you choose 800k. I have nothing to say.
People would also like to know if there is indeed great demand for DBSS.
The land for all the DBSS in Singapore could be for better use and can be use for normal HDB flats be it BTS (Build to Stock) or BTO (Build to Order).
It could have help stabilise resale flats pricing and help lower income people own flats.
Now many new rental flats are being build for low-income. Where is Home Ownership Vision created by LKY ??
Land is after all scarce in Singapore according to PAP.
linchong84
17-06-11, 15:03
People would also like to know if there is indeed great demand for DBSS.
The land for all the DBSS in Singapore could be for better use and can be use for normal HDB flats be it BTS (Build to Stock) or BTO (Build to Order).
It could have help stabilise resale flats pricing and help lower income people own flats.
Now many new rental flats are being build for low-income. Where is Home Ownership Vision created by LKY ??
Land is after all scarce in Singapore according to PAP.
DBSS all sell-out.. Everytime when they were launched, people will curse and swear why so expensive.. But it will still sell-out..
Yes, check out all the previous dbss....all sold out...when ppl are saying expensive...
devilplate
17-06-11, 15:33
sim lian really sucker. they should be able to construct at $500 or less. should boycott and make them suffer for this project
one hand khaw want to make hdb "affordable", another hand developer is sucking hard on ppl!!! :banghead: ah khaw's definition of affordable means allowing higher earner to buy!!
Willing buyer willing seller wat, find it too high still got leftover belysa ec
devilplate
17-06-11, 15:34
Don't think we should blame anyone.
We get what we voted for.
Got nothing to do wif who we vote la...
U r trying too hard...haha
Life is really so miserable for u?
devilplate
17-06-11, 15:38
Sim Lian like other developers is just working within framework and policies set and allowed by government.
If you want, ask government to implement new restraints on developers and prices then.
I am sure government can think of something to restrict developers from being greedy.
Can buy cheaper or similar priced ec wif facilities for sandwiched grp....nobody forcing anyone to buy overpriced dbss.....
Developer can launch any price they want.....can sell anot tats another story....those who bot it, they will learn by the hard way
Got nothing to do wif who we vote la...
U r trying too hard...haha
Life is really so miserable for u?
It is a valid statement and does not just apply to over-priced DBSS.
linchong84
17-06-11, 15:57
Can buy cheaper or similar priced ec wif facilities for sandwiched grp....nobody forcing anyone to buy overpriced dbss.....
Developer can launch any price they want.....can sell anot tats another story....those who bot it, they will learn by the hard way
This kind of pricing might have rolling effect.. The Tamp Ave 8 EC is going to launch within the next 1 month.. Based on land bid, it was originally expected for it to launch at around 700-720psf.. But now seems to be impossible because this DBSS is up to 765psf.. So, Hoi Hup might launch it at 800-850psf? Then Waterview will up their prices to 900psf?? haha... Sim Lian likes to set trend huh.. It'll be exciting to see whether this trend takes off successfully and create a new price range for tampines properties. Or will it fail and kena a bad reputation..
Willing buyer willing seller wat, find it too high still got leftover belysa ec
lets see who's the clown :D :D
This kind of pricing might have rolling effect.. The Tamp Ave 8 EC is going to launch within the next 1 month.. Based on land bid, it was originally expected for it to launch at around 700-720psf.. But now seems to be impossible because this DBSS is up to 765psf.. So, Hoi Hup might launch it at 800-850psf? Then Waterview will up their prices to 900psf?? haha... Sim Lian likes to set trend huh.. It'll be exciting to see whether this trend takes off successfully and create a new price range for tampines properties. Or will it fail and kena a bad reputation..
What FEO does for D15 is exactly what SL is doing for it's favourite playground. So we just have to wait and see. Despite the price I will not be surprised if it's a sell-out.
Buyers these days are just so crazy over MRT. Developers biggest selling point us the MRT. Its the much talked about issue. Buyers follow the flow and willing to pay a premium for the jam-packed MRT. :p
What FEO does for D15 is exactly what SL is doing for it's favourite playground. So we just have to wait and see. Despite the price I will not be surprised if it's a sell-out.
Buyers these days are just so crazy over MRT. Developers biggest selling point us the MRT. Its the much talked about issue. Buyers follow the flow and willing to pay a premium for the jam-packed MRT. :p
on the other hand, if it sell out it will be big huat for all property owners. it set another baseline for HDB and mass definitely cannot be lower than this :D
linchong84
17-06-11, 17:10
What FEO does for D15 is exactly what SL is doing for it's favourite playground. So we just have to wait and see. Despite the price I will not be surprised if it's a sell-out.
Buyers these days are just so crazy over MRT. Developers biggest selling point us the MRT. Its the much talked about issue. Buyers follow the flow and willing to pay a premium for the jam-packed MRT. :p
But the nearest resale 5-room HDB to this DBSS is currently selling at 500k.. So these owners should start requesting for 450k COV on top of the 450k valuation since it's readily available, near to MRT and bigger? hmm.. 900k should be reasonable price for those current resale..
The recent BTO that was launched beside this DBSS even lagi better.. development hasn't start building, value already appreciate from 400k to 800k.. Where to find huh..
on the other hand, if it sell out it will be big huat for all property owners. it set another baseline for HDB and mass definitely cannot be lower than this :D
This is what the govt means by affordable. Must read between the lines mah. :D
But the nearest resale 5-room HDB to this DBSS is currently selling at 500k.. So these owners should start requesting for 450k COV on top of the 450k valuation since it's readily available, near to MRT and bigger? hmm.. 900k should be reasonable price for those current resale..
The recent BTO that was launched beside this DBSS even lagi better.. development hasn't start building, value already appreciate from 400k to 800k.. Where to find huh..
Hehe. I think not until huat like that lah. Maybe huat a bitlah. Pinnacle@Duxton 750k still sell. Tampines is a pretty good location if you were to ask me.
That's why SL loves Tampines. Finally they unleash their huat for all to see. Within next few weeks or so we can know the update of it's sales hopefully.
Anyway DBSS not too badlah. Condo like but free of monthly maintenance. Save $ also lah. :D
Mind you guys the SL guy said price is reasonable, he never say its affordable!!! :doh: Price is reasonable if its EC or condo lah! Not if its HDB! So is our dear Mr K gonna just sit in his air con office and watch the market turn upside down? Its Tampines, not CBD or Orchard HDB.. :scared-4:
Furthermore, that term 'affordable' is so subjective! It is certainly affordable for someone who's household income is >$10k/month, not one who's just reaching $8k/month! :banghead:
So what is going on in the public housing sector??? Anyway, its good news to home owners looking to sell... haut ah!
linchong84
17-06-11, 18:23
Mind you guys the SL guy said price is reasonable, he never say its affordable!!! :doh: Price is reasonable if its EC or condo lah! Not if its HDB! So is our dear Mr K gonna just sit in his air con office and watch the market turn upside down? Its Tampines, not CBD or Orchard HDB.. :scared-4:
Furthermore, that term 'affordable' is so subjective! It is certainly affordable for someone who's household income is >$10k/month, not one who's just reaching $8k/month! :banghead:
So what is going on in the public housing sector??? Anyway, its good news to home owners looking to sell... haut ah!
If it's condo, 7xxpsf is ridiculously cheap.. If simei MRT condo is worth 1.2k psf, then tamp MRT condo is definitely at least 1.4kpsf..
Anyway too bad SL already own too many sites in Tamp.. They have DBSS, EC and Pte condo.. It's just like monopoly, when the player own all 3 lands of the same colour, the rent is double.. Now the price is double too.. Never knew monopoly is such an important learning game..
Time to pack up and move to greener pastures away from Tampines... just tell our parents staying in Tampines that we're just a stop away at Pasir Ris and will visit them every week!!! :D
kingkong1984
17-06-11, 20:42
If it's condo, 7xxpsf is ridiculously cheap.. If simei MRT condo is worth 1.2k psf, then tamp MRT condo is definitely at least 1.4kpsf..
Anyway too bad SL already own too many sites in Tamp.. They have DBSS, EC and Pte condo.. It's just like monopoly, when the player own all 3 lands of the same colour, the rent is double.. Now the price is double too.. Never knew monopoly is such an important learning game..
Mini far east wanna be... But different, belly up risk high..
Stand back HDB resales, stand back BTO flats, stand back ECs and stand back private condos, put your hands together for the new kid on the block, DBSS. :cheers1: At $880k, it is setting records and making heads turn. :D
Very good strategy. Post the highest price first.
Even if the $880 not sold, all the clowns will be conned
to psychologically prepared to pay high price for the rest.
If based on HDB interest rate 2.6%, dont think worth it:D
I think those who got the Q number for the recent tampines greenleaf bto just next door will feel like they have just won jackpot! haa haa :p
Regulators
18-06-11, 08:03
$880k more expensive than some condos. Is this dbss project even near to mrt?
Thats why my friend says it is called DBTT
Design Build TO TAI
Thats why my friend says it is called DBTT
Design Build TO TAIWe'll soon find out how many people kana tai! :p
Many people there already. They are expecting a huge flood of crowd thus weekend!!! All set and ready!!!:p
Geylang OKT
18-06-11, 09:31
Many people there already. They are expecting a huge flood of crowd thus weekend!!! All set and ready!!!:p
To be what? Carrot head? :hell-hath-no-fury: :hell-hath-no-fury: :scared-1:
Anybody today nothing to do kapo drive over to check out the crowd then come report in this forum... :D very interesting to know leh! I'll see if I have the time to go kapo ... :o
To be what? Carrot head? :hell-hath-no-fury: :hell-hath-no-fury: :scared-1:
Pea-in-a-pod to pop when ripe!! Hehe. :scared-3:
Anybody today nothing to do kapo drive over to check out the crowd then come report in this forum... :D very interesting to know leh! I'll see if I have the time to go kapo ... :o
I drive past just now. Crowd already starting to come in. Must avoid that stretch if road today. Sure jam good time. Many will take a peep at what's in store for sure. It's whether they will bite on the bait. Hehe. :D
Just came back from visiting centrale 8 showflat. Although it is about 10 mins walk to Tampines MRT station and the future downtown station is one road away, I don't think their 5 room is worth $880,000. All the 3 bedrooms, study room and toilets are very small. Except for a open patch of land which is set aside for residential purpose , the property is surrounded by buildings. There is also a mosque nearby. Can't see the logic of having two balconies that take up so much space from the living and master bedroom.
I drive past just now. Crowd already starting to come in. Must avoid that stretch if road today. Sure jam good time. Many will take a peep at what's in store for sure. It's whether they will bite on the bait. Hehe. :D
Just came back from visiting centrale 8 showflat. Although it is about 10 mins walk to Tampines MRT station and the future downtown station is one road away, I don't think their 5 room is worth $880,000. All the 3 bedrooms, study room and toilets are very small. Except for a open patch of land which is set aside for residential purpose , the property is surrounded by buildings. There is also a mosque nearby. Can't see the logic of having two balconies that take up so much space from the living and master bedroom.
The layout is kinda similar to Waterview, SL sister's project on the other side of Tampines. :D
Wow... singaporeans are really weird! The more expensive the more crowd it attracts!!! Hmmm.. even don't qualify or no money or no intention to buy also must go see look see look so as not to lose out. At least can haolian to friends, relatives and neighbors that you've been there! :doh: Can't believe that its really that crowded leh! :o
Visiting showflats is the new hobby of Singaporeans haa haa.... :rolleyes: Got free drinks and sometimes free food, better than shopping mall.
I guess most people like myself go there just to look see. Curious to find out what so special about this public housing that can cause $880k for a 5 room flat. Developer is trying their luck to charge such high price. They may have to lower it if response is poor.
Wow... singaporeans are really weird! The more expensive the more crowd it attracts!!! Hmmm.. even don't qualify or no money or no intention to buy also must go see look see look so as not to lose out. At least can haolian to friends, relatives and neighbors that you've been there! :doh: Can't believe that its really that crowded leh! :o
I guess most people like myself go there just to look see. Curious to find out what so special about this public housing that can cause $880k for a 5 room flat. Developer is trying their luck to charge such high price. They may have to lower it if response is poor.Agreed that they may have to lower it if response is poor but then again, Singaporeans are stubborn people... or according to the German TV show, Singaporeans are ridiculously bonkers! Remember when City View DBSS was launched at about $700k 4 years back, people all say crazy but its a sell out though it took some time lah! Everybody say this project crazy but still people flocking to it. People say that project price too high and guess what, people are also flocking to it and signing on the dotted line. The Germans are indeed spot on!!! :spliff:
linchong84
18-06-11, 17:53
Agreed that they may have to lower it if response is poor but then again, Singaporeans are stubborn people... or according to the German TV show, Singaporeans are ridiculously bonkers! Remember when City View DBSS was launched at about $700k 4 years back, people all say crazy but its a sell out though it took some time lah! Everybody say this project crazy but still people flocking to it. People say that project price too high and guess what, people are also flocking to it and signing on the dotted line. The Germans are indeed spot on!!! :spliff:
As long as singapore's property market remain bullish for the next 12 months, Tamp DBSS will sell out easily.. What's once expensive will be considered cheap come 1 year later due to inflation..
As long as singapore's property market remain bullish for the next 12 months, Tamp DBSS will sell out easily.. What's once expensive will be considered cheap come 1 year later due to inflation..1 year of inflation will not make that project cheap lah but yes come one year, developers elsewhere will not want to lose out so will launch their little project at new records again. Its a mini competition and the biggest losers are those buyers flocking to the showflats! Biggest winners are those developers! :p
striker278
18-06-11, 22:08
SL got another EC site just behind this DBSS.
Playing monopoly like FEO. Singapore is like a monopoly board for some...
SL got another EC site just behind this DBSS.
Playing monopoly like FEO. Singapore is like a monopoly board for some...Or Risk boardgame? SL conquered Tampines. MCL and Far East combined to conquer D19 and Far East has also taken the far west Jurong. KBW is left with limited troops scattered all over the island!!! :scared-4:
The response to this DBSS project is not determined by the pricing. It's determined by the fact that the project is located in Tampines. A similar project in other mature estates like Bishan or Queenstown would likely draw a good response regardless of the price.
Allthepies
19-06-11, 00:57
if this project sells well, really need to seriously consider to reduce income ceiling... ha "HDB people" really rich loh able to buy 600k to 880k 5room, don't waste taxpayers money to support rich hdb buyers lah... :D
if this project sells well, really need to seriously consider to reduce income ceiling... ha "HDB people" really rich loh able to buy 600k to 880k 5room, don't waste taxpayers money to support rich hdb buyers lah... :DTotally agreed. They have been complaining non stop that HDB prices are so high and their household income cannot support those high financial committment but when it comes to actual buying of $800 k HDB flats, they still proceeded. :doh: They have hidden treasury or parental support??? :o
Parental support in terms of downpayment and future care for children and dinner, and additional government subsidy ;)
Totally agreed. They have been complaining non stop that HDB prices are so high and their household income cannot support those high financial committment but when it comes to actual buying of $800 k HDB flats, they still proceeded. :doh: They have hidden treasury or parental support??? :o
Pawn everything also must buy. It's better than toto. Sure win!:D
Pawn everything also must buy. It's better than toto. Sure win!:DYes, those buildings sure appreciate by at least 200k to 300k in 5 years MOP... better than big sweep or toto where probability of striking $500 is but a miserable < 1% (just a guess)? :o
Mr K interestingly in his blog as reported by the papers, said tha DBSS is not HDB. :scared-1: Then what's with all those MOP and other restrictions????????????????????????????????????????? :banghead: He should just write DBSS is not BTO (but we all also know!!!) :p
Regulators
19-06-11, 14:11
Maybe dbss will be the first to get privatised.
Mr K interestingly in his blog as reported by the papers, said tha DBSS is not HDB. :scared-1: Then what's with all those MOP and other restrictions????????????????????????????????????????? :banghead: He should just write DBSS is not BTO (but we all also know!!!) :p
PLEASE BUY, is real cheap. :doh:
Maybe dbss will be the first to get privatised.
FH apartment in St Micheal area i think only 700+++ psf....... Correct me if i am wrong, dont developments get privatized cos they wanna go for En Bloc? At the current DBSS price point + a bit of premium still got meat for En Bloc potential? If not privatise got any tangible benefit? Just for discuss sake.....
linchong84
19-06-11, 21:04
FH apartment in St Micheal area i think only 700+++ psf....... Correct me if i am wrong, dont developments get privatized cos they wanna go for En Bloc? At the current DBSS price point + a bit of premium still got meat for En Bloc potential? If not privatise got any tangible benefit? Just for discuss sake.....
You cannot use the tamp dbss as the only reference price for DBSS en bloc potential.. Bishan, AMK and TPY launched their DBSS 2-3 years ago at cheaper prices than Tamp DBSS, but their location are better.. What's considered expensive 2 years ago are considered cheap now..
Regulators
19-06-11, 22:23
so far there is nothing that says govt is going to privatise dbss in future even though khaw said dbss is better than BTO but lower than EC. If EC and dbss being also equal in pricing, makes more sense to go for EC coz once it attains private condo status, committee can tender for en bloc with 80% approval. people can pay through their noses for dbss but if there is any en bloc, benefit goes to the govt and residents will just be relocated under SERS.
FH apartment in St Micheal area i think only 700+++ psf....... Correct me if i am wrong, dont developments get privatized cos they wanna go for En Bloc? At the current DBSS price point + a bit of premium still got meat for En Bloc potential? If not privatise got any tangible benefit? Just for discuss sake.....
Just go for EC. DBSS is crap as even its status is murky and it isn't cheap.
devilplate
19-06-11, 22:31
Just go for EC. DBSS is crap as even its status is murky and it isn't cheap.
Haha...when dbss was introduced, i oredi tell all my frens to siam.....jus a overpriced hdb...hehe and the funny thing is dbss n ec hf the same income ceiling:rolleyes:
linchong84
19-06-11, 22:41
Haha...when dbss was introduced, i oredi tell all my frens to siam.....jus a overpriced hdb...hehe and the funny thing is dbss n ec hf the same income ceiling:rolleyes:
Last time DBSS and BTO have the same income ceiling at 8k.. Isn't that worse? Haha.. I think last year or what then they increase it to 10k..
linchong84
19-06-11, 22:50
Anyway today i went there to take a look.. Not very impressed, finishing look lousy.. The distance to the current Tampines MRT is around 850m.. The distance to future Tampines MRT interchange is around 450m.. The lifestyle hub is around 400-450m away as well.. All 4 directions will be surrounded by residential developments.. SL is really hanging a sheep's head, selling dog meat..
The SL EC site will be north of this, ie even further away from all these amenities.. Wonder what price they will try to sell haha.. Maybe higher than their waterview..
If this new DBSS is successful, then the valuation of the remaining DBSS prices will also increase. This can cause EC valuation to increase further and also make private condos even more expensive (since EC will become condos after 10 years). This DBSS could potentially screw up the government's plan to moderate property prices.
linchong84
19-06-11, 22:56
If this new DBSS is successful, then the valuation of the remaining DBSS prices will also increase. This can cause EC valuation to increase further and also make private condos even more expensive (since EC will become condos after 10 years). This DBSS could potentially screw up the government's plan to moderate property prices.
If MND dun revise the income ceiling to above 10k, developers also cant sell at too high a price.. At most go up to around 800 - 850psf.. Any higher, families with income below 10k cant afford..
I think SL took advantage of the 10k income ceiling and know that people in the 8k-10k income can still afford the prices that they put up.. And so far no ECs launched in tamp yet, so it goes first-mover so should still be able to still sell reasonably ok.. With this kind of prices, i think 50% sales will b/e liao..
If MND dun revise the income ceiling to above 10k, developers also cant sell at too high a price.. At most go up to around 800 - 850psf.. Any higher, families with income below 10k cant afford..
I think SL took advantage of the 10k income ceiling and know that people in the 8k-10k income can still afford the prices that they put up.. And so far no ECs launched in tamp yet, so it goes first-mover so should still be able to still sell reasonably ok.. With this kind of prices, i think 50% sales will b/e liao..
Yah I think so too. If u don't buy that top floor prime stack 880k unit, the price for the rest of the selections remains affordable (30yr loan) to those with 10k income, around 600k for 4room flat and 700k for 5room flat. :p
If this new DBSS is successful, then the valuation of the remaining DBSS prices will also increase. This can cause EC valuation to increase further and also make private condos even more expensive (since EC will become condos after 10 years). This DBSS could potentially screw up the government's plan to moderate property prices.
Personally i dont see big demand for this kind of neither here nor there HDB housing category.
Any sensible person will rather BURN the $440k on
1) 100k top grade marble the whole place renovation, top grade chengai timber stripes
2) 200k BMW/MERC/AUDI to travel in style and leave your share of carbon footprint
3) 100K Impressive watch for 2 and 5 impressive bag for the lady, 1 Hermes belt for him.
4) 40k donation to charity
Only reason pple chong DBSS is because they cannot get a BTO and damn kan chong to get a place+ pay abit more for prime location.
At the price point, I m quiet sure it shall die a natural death under KBW determination to build everyone a BTO build in advance scheme. You can sense his hardworkingness (if there is such a word). Every 3 days blog n update you whats happening. Somemore going to bring you the mother of all BTO launches.
This location is quite good and there is no other EC or DBSS to fight with it. Despite the criticism, it will still sell out gradually like the one in Boon Keng after the salary ceiling raised. The DBSS The Premiere next to it is quite nice for its price - if you add a fence and swimming pool, it feels like a (lower-end) condo.
This location is quite good and there is no other EC or DBSS to fight with it. Despite the criticism, it will still sell out gradually like the one in Boon Keng after the salary ceiling raised. The DBSS The Premiere next to it is quite nice for its price - if you add a fence and swimming pool, it feels like a (lower-end) condo.The location at City View is splendid. Near city. Tampines? :scared-4:
Furthermore the priciest unit in City View was $720k, which is the ave price for this Tamp DBSS. If City View took 4 years (not sure) to sell out, then Tamp DBSS will take 5, 6, 7 or 8 years? :D
This location is quite good and there is no other EC or DBSS to fight with it. Despite the criticism, it will still sell out gradually like the one in Boon Keng after the salary ceiling raised. The DBSS The Premiere next to it is quite nice for its price - if you add a fence and swimming pool, it feels like a (lower-end) condo.
That DBSS dont have KBW promise build u tons of BTO which is no where near that pricing ma. Some more it's nearer to city for Boon Keng. When presented with a cheaper choice which is comparable alternative, naturally pple goes for 50% cheaper alternative. According to a bro here, there was a BTO launched at 1/2 price next to the DBSS leh. Was it u?
HDB can consider building flats with no interior done up but boost security measures. So its again an inbetween of EC/DBSS and BTO. Hahaha! Then price it really low! Then developers will start to panic! :scared-4:
devilplate
20-06-11, 08:51
congrats to those still holding on to eden@tampines which is aso near to future mrt:spliff: (was looking at it jus b4 they announce DTL3 stn....shd hf got it on hindsight:banghead: ....i tink the only EC in tampines?)
no 900psf pls dun sell:2cents: ....hehe:D
Check out the disgusting profit SL made. Developer only paid S$261 psf ppr for the 21,132 sq ft site. Plus $250 psf of construction cost (since no need elaborate construction of a condo facility), breakeven cost is $511 psf. They're selling at $750 psf so its $240 psf profit. Really good deal! :)
devilplate
20-06-11, 09:23
Check out the disgusting profit SL made. Developer only paid S$261 psf ppr for the 21,132 sq ft site. Plus $250 psf of construction cost (since no need elaborate construction of a condo facility), breakeven cost is $511 psf. They're selling at $750 psf so its $240 psf profit. Really good deal! :)
i tink construction cost only 150psf for them(bao kar liao)...fair market selling px shd be 600-650psf and not 700-750psf
http://business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20110618-284815.html
$880,000 flats are not HDB flats: Minister Khaw http://business.asiaone.com/a1media/site/common/blank.gif
Singapore's housing minister has come out to clarify that the $880,000 five-room flats launched in Tampines belong to a different class of housing options.
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Would you buy an $880,000 HDB flat in Tampines? (http://business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20110617-284549.html)
Khaw expresses worries over private property market (http://business.asiaone.com/Business/News/Story/A1Story20110609-283275.html)
Rising age profile may justify higher HDB income ceiling (http://business.asiaone.com/Business/My%2BMoney/Property/Story/A1Story20110617-284509.html)
In his latest blog entry, he noted that the "negative reaction from the ground was not surprising", but he said that DBSS is a class of housing type between HDB flats and Executive Condos (EC) and private condominiums.
Explaining the difference, he added that DBSS flats are designed and priced by private developers. If the developer prices it too high, and there are no takers, then there will be no sales.
He also responded to calls for the Ministry of National Development, which oversees HDB, to control the price of the flats by telling the developer to cut it. But, he said, "price control was not a term of the tender".
Mr Khaw said that buyers can always choose not to buy, if they find the flats have been priced too high.
But in a bid to offer more affordable housing options for Singaporeans, he also assured them through his blog that he will be ramping up more BTO launches and pricing them appropriately.
25,000 units will be launched this year, with 12,000 already in the market.
Larger launches may also be in the works, as these offer buyers a wider range of choices, according the the minister.
http://www.temasekreview.com/2011/06/19/khaw-boon-wan-dbss-is-not-hdb/
Khaw Boon Wan: DBSS is ‘not’ HDB (http://www.temasekreview.com/2011/06/19/khaw-boon-wan-dbss-is-not-hdb/)
Following the massive outcry among netizens at the shocking $888,000 5-room DBSS flats offered by Sim Lian Group, Minister of National Development Khaw Boon Wan now claim that DBSS is NOT HDB.
In his latest blog post, Mr Khaw explained the ‘difference’ between DBSS and HDB:
“DBSS is a class of housing type between HDB flats and Executive Condos (EC)/private condos. It forms a tiny portion of the total housing options for Singaporeans.”
He added that DBSS flats are designed and priced by private developers which explain their higher prices:
“While HDB flats are designed and priced by HDB, DBSS flats are designed and priced by private developers. If the private developer prices it too high and there are no takers, there will be no sales.”
However, the HDB website stated clearly that DBSS flats are offered under the same conditions as HDB flats:
“Design, Build and Sell Scheme (DBSS) flats will be offered for sale under similar eligibility rules, terms and restrictions as applicable to new HDB flats.”
(Source: HDB Infoweb (http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatDBSS?OpenDocument))
As such, DBSS flats are considered public housing too though they are not designed nor built by HDB itself and being public housing, its prices should not be pegged at condominium rates.
Mr Khaw further explain why he has no power to cut the prices of such flats:
“Netizens would like MND to come in and tell the private developer to cut its price. When they tendered for the land, price control was not a term of the tender. If contracts, after they are awarded, can be varied arbitrarily, this will damage Singapore’s reputation as a business hub, with severe repercussions.”
That’s the crux of the problem – when private developers are allowed to sell public housing, they will have to factor in the price they bid for the land in order to make a profit from the sale and Singaporeans will end up taking 30-year mortgage loans to finance the roof over their heads.
Join our Facebook page here (https://www.facebook.com/pages/The-Temasek-Review/190806675782#!/pages/The-Temasek-Review/190806675782)
http://www.sammyboy.com/showthread.php?95421-Disagreement-in-the-MND
In response to the recent news that five-room flats at the DBSS Centrale 8 in Tampines were going for as high as $880,000 -
Khaw Boon Wan (MND Minister) said "DBSS is not HDB"
http://mndsingapore.wordpress.com/ (http://mndsingapore.wordpress.com/)
Tan Chuan Jin (MND Minister of State) said "Recent DBSS prices the norm? Not by far."
http://www.facebook.com/pages/Tan-Chuan-Jin/182928775083239
Could there be disagreements or dissension within the ranks?
Note that the Straits Times carried on its front page on Saturday that a netizen posted on Khaw's blog "you might as well put a knife to our throats and kill us". Could it be that some ST reporters are disgruntled and fed up? And perhaps they are now starting to voice their disagreements openly (albeit in subtle ways)?
http://www.straitstimes.com/PrimeNews/Story/STIStory_680764.html
Jun 17, 2011
$880,000: Priciest HDB flats launched in Tampines
By Daryl Chin
http://www.straitstimes.com/STI/STIMEDIA/image/20110616/ST_IMAGES_P1BLURBS17-SUQ.jpg
An artist's impression of Centrale 8. A Sim Lian spokesman says the project's selling points include its proximity to shopping malls and the Integrated Lifestyle Hub. -- PHOTO: SIM LIAN
THE priciest-ever new HDB flats went up for sale yesterday under a Design, Build and Sell Scheme (DBSS) development launched in Tampines.
The most expensive five-room flats at Centrale 8 by developer Sim Lian will set buyers back a cool $880,000.
That works out to a whopping $750 per square foot - a price tag more often seen on suburban condominiums.
PropNex chief executive Mohamed Ismail said he did a double take when he first heard about the prices.
'No doubt it's in Tampines, which is a mature estate with many good things going for it, but it is still extremely high for a public housing flat,' he said.
DBSS flats are public housing units designed and built by private-sector developers and they typically come with more luxurious fittings.
Still, the 178 five-room units at the development, which measure between 1,163 and 1,173 sq ft each, will cost almost twice as much as more standard flats sold in the recent Tampines Build-To-Order (BTO) project, where a 1,216 sq ft unit cost up to $444,000.
Smaller-sized units at the project, which is on Tampines Central 8, also do not come cheap.
For instance, a three-room flat measuring up to 667 sq ft will cost up to $510,000, while a four-room unit taking up 904 sq ft is priced up to $683,000.
Prior to this, the priciest HDB flats had belonged to other DBSS projects such as The Peak@Toa Payoh and City View@Boon Keng, where five-room flats were sold at around $720,000.
Market watchers noted that despite the hefty price tag, Sim Lian did not pay a record-busting price for the land. It paid $261 psf per plot ratio (ppr) for the 21,132 sq ft site.
Earlier this month, a Pasir Ris Central site was awarded for $281 psf ppr, while a Clementi Avenue 4 plot was awarded for $271 psf ppr in March.
Said Mr Ismail: 'Other developers will have a keen eye on this, as setting a record price does not necessarily mean a good take-up rate. Even more so with the recent government assurances of more BTO flats in mature estates.'
SLP International's head of research Nicholas Mak said while the location is good, it did not justify the high price tag. 'Another side effect,' he said, 'is that it might encourage resale flat sellers in the area to increase their prices, as buyers would not need to wait for their units to be built.'
When asked the rationale for the high pricing, a Sim Lian spokesman said: 'The premium is due to its locale in Tampines Regional Centre with mature amenities such as banks, three shopping malls and the upcoming Integrated Lifestyle Hub.
'It is also within walking distance to the existing Tampines MRT Station and the future downtown line 3 MRT interchange.'
House-hunter James Goh, 34, said he has been eyeing a place in the east for a while, but a five-roomer at the development might be too costly for him.
But the architect added that given the choice location of the flats, he might consider downsizing.
The 708 units are expected to be built by 2014.
they seem to be more interested to protect the developer's interest, than singaporeans. If suckers really buy into this high priced HDB, it meant a new benchmark pricing for private properties. It's driving away the dreams of others to own a private property.
http://www.sammyboy.com/showthread.php?95421-Disagreement-in-the-MND
In response to the recent news that five-room flats at the DBSS Centrale 8 in Tampines were going for as high as $880,000 -
Khaw Boon Wan (MND Minister) said "DBSS is not HDB"
http://mndsingapore.wordpress.com/ (http://mndsingapore.wordpress.com/)
Tan Chuan Jin (MND Minister of State) said "Recent DBSS prices the norm? Not by far."
http://www.facebook.com/pages/Tan-Chuan-Jin/182928775083239
Could there be disagreements or dissension within the ranks?
Note that the Straits Times carried on its front page on Saturday that a netizen posted on Khaw's blog "you might as well put a knife to our throats and kill us". Could it be that some ST reporters are disgruntled and fed up? And perhaps they are now starting to voice their disagreements openly (albeit in subtle ways)?
DBSS all sell-out.. Everytime when they were launched, people will curse and swear why so expensive.. But it will still sell-out..
This is because MBT restricted supply of BTOs and people are forced to buy DBSS due to shorter TOP date.
devilplate
21-06-11, 12:08
This is because MBT restricted supply of BTOs and people are forced to buy DBSS due to shorter TOP date.
i tink more due to location....DBSS in boonkeng, TPY, tampines, simei, bishan and zero btos avail in tat area.....only until recently we got btos in tampines and only tamp.....btos like duxton and queenstown is like once in a century
i tink more due to location....DBSS in boonkeng, TPY, tampines, simei, bishan and zero btos avail in tat area.....only until recently we got btos in tampines and only tamp.....btos like duxton and queenstown is like once in a century
Which is what I mean by lower supply of BTOs force people to buy DBSS which explains the DBSS 'high demand'.
If all these DBSS were not built but build normal HDB flats instead, people will still take it up.
Allthepies
21-06-11, 13:25
Which is what I mean by lower supply of BTOs force people to buy DBSS which explains the DBSS 'high demand'.
If all these DBSS were not built but build normal HDB flats instead, people will still take it up.
yup better still if build HDB in orchard :spliff:
bargain hunter
21-06-11, 23:17
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D1E198E02D53C58D482578B600466092/$file/Centrale8.pdf?openelement
max price reduced to 778k.
bargain hunter
21-06-11, 23:19
SIM LIAN GROUP LIMITED
(Company Registration No. 200004760C)
CONFIRMED PRICE RANGE FOR CENTRALE 8 AT TAMPINES
Sim Lian Group Ltd wishes to announce the confirmed price range for Centrale 8 at
Tampines:
It is regrettable that during the application period, the media and members of the public
did not take note of our repeated public emphasis that the price range which we had
announced was only an indicative price range, and would not be the final sale prices for
the respective types of flat units.
In view of the interests in Centrale 8 at Tampines, we are pleased to announce the
confirmed price range for this DBSS project as follows:
3 Room $389,000 to $445,000
4 Room $511,000 to $592,000
5 Room $685,000 to $778,000
We have taken due consideration of the following criteria in determining the confirmed
price range:
1) Resale prices of HDB flats in the same vicinity (taking into account the age and
location) ;
2) Prevailing economic conditions ;and
3) Proximity to transport network, good public facilities and other amenities.
Applicants who have successfully submitted their online applications will be able to
check the price of each individual unit on 2nd and 3rd July 2011 at the showflat.
By Order of the Board
Sim Lian Group Limited
Kuik Sin Pin
Chief Executive Officer
21 June 2011
devilplate
22-06-11, 00:18
I m rite:D
4rm flat at 5xxk seems alrite now
Now just watch the take up rate! How many will bite the 5 room flats? :D
kingkong1984
22-06-11, 08:25
clearing waterview lah..
this makes that attractive
this will lead to further cooling measures, targetting at HDB's DBSS and EC's.
Priced reduced by $102k... most expansive one is now 778k.
Khaw blogged about it too.
GSS! 102k discount! Buy Buy Buy! All will chiong and buy now, 100x oversubscribed. :rolleyes:
perhaps response so far is luke warm? :o
This is because netizens in many forums and blogs make noise and criticise the price.
Khaw said HDB cannot control DBSS price, up to people to decide to buy but Khaw need to increase supply of normal HDB flats first or people will be force to buy DBSS.
It shows Sim Lian tried to play punk and make gross profiteering. Nothing to do with costs.
The price could have been lower.
It shows if you dont protest and fight for what you think is right, nobody will change anything for you including how PAP react to election results.
devilplate
22-06-11, 11:11
This is because netizens in many forums and blogs make noise and criticise the price.
Khaw said HDB cannot control DBSS price, up to people to decide to buy but Khaw need to increase supply of normal HDB flats first or people will be force to buy DBSS.
It shows Sim Lian tried to play punk and make gross profiteering. Nothing to do with costs.
The price could have been lower.
It shows if you dont protest and fight for what you think is right, nobody will change anything for you including how PAP react to election results.
its gd to see news headline describing 880k as overpriced....
i highly suspect prices was reduced due to poor application rate so far....hahahaha
Sim lian said construction cost has gone up but is this true? This is just HDB, it is not even 20 storey & has no facilities to design for and build. The project also look very very ordinary. Very far fetched to say cost is higher. Sim lian also has a slew of both private and public housing projects either in construction progress or upcoming, so they have economy of scale too.
its gd to see news headline describing 880k as overpriced....
i highly suspect prices was reduced due to poor application rate so far....hahahaha
logical guess, else SL wont give a dam about complaints if the buyers are happy to pay high prices :D
its gd to see news headline describing 880k as overpriced....
i highly suspect prices was reduced due to poor application rate so far....hahahaha
Got the link to show the headline ??
CNA or ST ??
Thanks.
GSS! 102k discount! Buy Buy Buy! All will chiong and buy now, 100x oversubscribed. :rolleyes: Ya, i think tis scenario of SL trying their luck pricing at their Top END of price range and then reduced price, will create sentiment that it is GSS , now $102k discount, got story to tell...and encourage pple to buy...
devilplate
22-06-11, 11:29
Got the link to show the headline ??
CNA or ST ??
Thanks.
er...tot articles in ST and evening news?
all toking bad abt this dbss being overpriced wat:confused:
devilplate
22-06-11, 11:31
Ya, i think tis scenario of SL trying their luck pricing at their Top END of price range and then reduced price, will create sentiment that it is GSS , now $102k discount, got story to tell...and encourage pple to buy...
duno leh...it doesnt work tat way for me....it kind of create a very bad image for me....i was quite impressed wif their waterview project wor but not anymore
er...tot articles in ST and evening news?
all toking bad abt this dbss being overpriced wat:confused:
Not sure about ST and CNA but saw that most forums and blogs on Internet was hammering at Sim Lian.
duno leh...it doesnt work tat way for me....it kind of create a very bad image for me....i was quite impressed wif their waterview project wor but not anymore it doesn't work for me as well, but many would buy tis type of story....., am sure if go visit showflat, tis is the story....SL will tell
it doesn't work for me as well, but many would buy tis type of story....., am sure if go visit showflat, tis is the story....SL will tell
Showflats and realistic/reasonable pricing is mutually exclusive, not inclusive.
Singaporeans after all does not want to have most of their life earnings per month locked up in property.
Quality of life is still most important.
Have to blame MBT and PAP for allowing HDB public housing to act as investment, speculated, and profiteering.
Worst policy of the century is allowing undeserving PRs to buy HDB and giving medical subsidies to PRs and foreigners.
duno leh...it doesnt work tat way for me....it kind of create a very bad image for me....i was quite impressed wif their waterview project wor but not anymore
waterview impressive meh? hdb finishing and at a less than ideal location leh...
Showflats and realistic/reasonable pricing is mutually exclusive, not inclusive.
Singaporeans after all does not want to have most of their life earnings per month locked up in property.
Quality of life is still most important.
Have to blame MBT and PAP for allowing HDB public housing to act as investment, speculated, and profiteering.
Worst policy of the century is allowing undeserving PRs to buy HDB and giving medical subsidies to PRs and foreigners.Not all PRs are undeserving. There are some who are earnestly contributing to Singapore's economy and some are waiting for citizenship approval.
Anyway, Tampines will be the talk of the town in the next many months. Interesting to see what's the price of the nearby EC to be launch soon! :D
devilplate
22-06-11, 17:03
waterview impressive meh? hdb finishing and at a less than ideal location leh...
Layout vy efficient n pricing quite reasonable....impressive in the sense tat developer din try to max profit....
linchong84
22-06-11, 20:36
Not all PRs are undeserving. There are some who are earnestly contributing to Singapore's economy and some are waiting for citizenship approval.
Anyway, Tampines will be the talk of the town in the next many months. Interesting to see what's the price of the nearby EC to be launch soon! :D
the EC is not nearby.. it's near waterview, quite far from central.. see hoi hup will want to act moral hero as launch low low or not haha..
the EC is not nearby.. it's near waterview, quite far from central.. see hoi hup will want to act moral hero as launch low low or not haha..After what SL got online and kana bashed upside down till they have to drop price by $102k, any developers trying to imitate them will be super cautious... they won't :banghead: ... :D
linchong84
22-06-11, 20:43
After what SL got online and kana bashed upside down till they have to drop price by $102k, any developers trying to imitate them will be super cautious... they won't :banghead: ... :D
based on land bid, hoi hup expected to launch at 700psf.. but now tamp DBSS already launched at 680psf, so will hoi hup still maintain 700?
based on land bid, hoi hup expected to launch at 700psf.. but now tamp DBSS already launched at 680psf, so will hoi hup still maintain 700?To ride on the huge wave created by SL, they may be tempted to launch at $800 psf then but we'll watch how the play pens out! Hopefully they'll not take SL as the benchmark. Convince them to launch at maybe $750 psf and all the crowd will flock to their showflat and its gonna be a sell out project within 6 months... :D
kingkong1984
22-06-11, 22:27
based on land bid, hoi hup expected to launch at 700psf.. but now tamp DBSS already launched at 680psf, so will hoi hup still maintain 700?
U dreaming? So cheap? Anyway Dbss oversubscribed also. Really will sell out?
linchong84
22-06-11, 22:39
U dreaming? So cheap? Anyway Dbss oversubscribed also. Really will sell out?
bluff u for wat.. their land bid (302psf) is lower than austville, prive and esparina.. austville and prive launched at around 700psf, so by right tamp should be lower (based on b/e calculation).. and that site quite lousy anyway..
dbss sellout very easily one.. yishun that adora green's prices are double of their bto too.. now already 96% sold out.. when people are hungry, you sell them a bowl of white rice at 10 dollar they will also take as long as they have the money..
Showflats and realistic/reasonable pricing is mutually exclusive, not inclusive.
Singaporeans after all does not want to have most of their life earnings per month locked up in property.
Quality of life is still most important.
Have to blame MBT and PAP for allowing HDB public housing to act as investment, speculated, and profiteering.
Worst policy of the century is allowing undeserving PRs to buy HDB and giving medical subsidies to PRs and foreigners.
wow more fear mongering? 1 month after election nothing from opposition. 0 news of them in action le. REPORT some of their activites leh, if not how we know they on the ball or sleeping in co-driver seat? Y they never come out n protest sim lian? Or busy celebrating their win?
So when will the balloting be completed for this project and by when must the success people decide if they want to bite the bullet or not? Interesting to know the final take up rate! :o
kingkong1984
23-06-11, 08:04
bluff u for wat.. their land bid (302psf) is lower than austville, prive and esparina.. austville and prive launched at around 700psf, so by right tamp should be lower (based on b/e calculation).. and that site quite lousy anyway..
dbss sellout very easily one.. yishun that adora green's prices are double of their bto too.. now already 96% sold out.. when people are hungry, you sell them a bowl of white rice at 10 dollar they will also take as long as they have the money..
Haha.. Ok ok, wait for actual results. I misread it as ECs.
devilplate
23-06-11, 08:33
wow more fear mongering? 1 month after election nothing from opposition. 0 news of them in action le. REPORT some of their activites leh, if not how we know they on the ball or sleeping in co-driver seat? Y they never come out n protest sim lian? Or busy celebrating their win?
i saw chen mao mao having kopi wif 2 other ladies at Nex in one of the wkday afternoon.....looks like they r discussing smthing as they r reading some sort of reports....however, nobody go n say Hi to him wor....so LKY is wrong to say he is a celebrity:p
i saw chen mao mao having kopi wif 2 other ladies at Nex in one of the wkday afternoon.....looks like they r discussing smthing as they r reading some sort of reports....however, nobody go n say Hi to him wor....so LKY is wrong to say he is a celebrity:pMaybe he's reading the report on DBSS and studying how to launch a counter attack on MND. :)
There are some 1400+ applications for this project... hmmm... wonder how many will finally take up the flat at those premium prices? :p
Allthepies
23-06-11, 08:53
wow more fear mongering? 1 month after election nothing from opposition. 0 news of them in action le. REPORT some of their activites leh, if not how we know they on the ball or sleeping in co-driver seat? Y they never come out n protest sim lian? Or busy celebrating their win?
ha ha wif 16k/mth, they r secured for the next 5 years loh, so definitely want to celebrate loh. celebrate and then snooze for 5 years, voters will still vote for them if housing keep rising and the complainers missing the boats again :D
devilplate
23-06-11, 08:59
ha ha wif 16k/mth, they r secured for the next 5 years loh, so definitely want to celebrate loh. celebrate and then snooze for 5 years, voters will still vote for them if housing keep rising and the complainers missing the boats again :D
their work VY simple!
jus nid to add fire to any burning issues arises throughout their 5yr term!
they will slap the driver when driver going to fall asleep or drive zig-zag....haha
their work VY simple!
jus nid to add fire to any burning issues arises throughout their 5yr term!
they will slap the driver when driver going to fall asleep or drive zig-zag....hahaSo which job pays you $16k/mth to slap another person? :D
wow more fear mongering? 1 month after election nothing from opposition. 0 news of them in action le. REPORT some of their activites leh, if not how we know they on the ball or sleeping in co-driver seat? Y they never come out n protest sim lian? Or busy celebrating their win?
this is precisely our opposition!! they only want to win, after win.....who care!! they will only action again one yr before next GE. so lky is right to say opp supporters to repent..... :D
There are some 1400+ applications for this project... hmmm... wonder how many will finally take up the flat at those premium prices? :p
really cannot understand these ppl. first complain hdb out of reach, then rush for super ex hdb :doh: . ah khaw really has to open his eye big big to see the real picture on ground
ha ha wif 16k/mth, they r secured for the next 5 years loh, so definitely want to celebrate loh. celebrate and then snooze for 5 years, voters will still vote for them if housing keep rising and the complainers missing the boats again :D
tot LTK said his team will donate half of their allowance???? anyone know whether they donate??
tot LTK said his team will donate half of their allowance???? anyone know whether they donate??Can't remember he said that. Its the other guy from another party but also can't remember which one liaoz! :sleep:
this is precisely our opposition!! they only want to win, after win.....who care!! they will only action again one yr before next GE. so lky is right to say opp supporters to repent..... :DRelax bro... give them another 1 year to see what they can do before judging them lah... They just sat in office barely 1 month plus and you say they not doing anything... :confused:
kingkong1984
09-07-11, 22:31
Today news report... Only about 80 went for selection.... Hahahaha
linchong84
09-07-11, 22:38
Today news report... Only about 80 went for selection.... Hahahaha
i thought they 40-50 percent sold liao? Not bad already lah.. first week of sales 50% is quite alright.. Somemore the most expensive ones are gone..
devilplate
09-07-11, 22:44
Today news report... Only about 80 went for selection.... Hahahaha
1/3 of the expensive 5rm oredi taken
kingkong1984
09-07-11, 23:05
1/3 of the expensive 5rm oredi taken
considered good or bad?
Response to walk-in-and-buy phase of Centrale 8 below expectations (http://www.channelnewsasia.com/stories/singaporelocalnews/view/1139941/1/.html)
By Evelyn Lam and Dylan Loh | Posted: 09 July 2011 2340 hrs
SINGAPORE : Response appears to be weak at Saturday's walk-in-and-buy phase of Centrale 8 flats.
The project in Tampines falls under the Design Build and Sell Scheme (DBSS) and has recently drawn flak for the high pricing of units.
The initial price set a record S$880,000 for five-room flats, but developer Sim Lian Group said it was an 'indicative price' and lowered it to S$778,000.
When doors opened for the walk-in phase at 10am, only about 20 people turned up.
Analysts said that's way below expectation compared to other DBSS projects, given also that units were sold on a first-come-first-served basis.
They also said the response could be due to the government's move to stop land sales for now under DBSS projects, leading to uncertainty over property values for this sort of public housing in future.
- CNA /ls
Slow start for walk-in-and-buy phase of Centrale 8 (http://www.channelnewsasia.com/stories/singaporelocalnews/view/1140077/1/.html)
By Ong Dai Lin, TODAY (http://www.todayonline.com/) | Posted: 10 July 2011 2257 hrs
SINGAPORE: It was a slow start to the first weekend of the walk-in-and-buy phase of the most expensive Design, Build and Sell Scheme (DBSS) flats to hit the market.
When MediaCorp visited the showroom of Centrale 8 on Saturday at 6pm, around 20 families were viewing the project. A board which listed the availability of the 708 units in the project, said around 35 per cent of the flats have been sold since the project was opened for sale.
Potential buyers that MediaCorp spoke to said they were at the showroom to see if prices have fallen further and were cautious about selecting a flat because of the high prices.
40-year-old Zack Henry said: "It (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 Development Board (HDB) project with HDB restrictions 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."
Centrale 8, developed by the Sim Lian Group, made the news last month with a record asking price of S$880,000 for a DBSS flat, triggering an outcry that the price was nearly that of executive condominiums.
Property analysts said they are surprised at the low take-up rate and said the negative publicity about the high prices of the project may have affected buyers' sentiments.
SLP International's head of research, Mr Nicholas Mak, said: "They have to find out why sales is slow and address the problem…if sales slow down, it's difficult to regenerate interest in the project."
He added: "Usually during the first weekend when sales is opened to public, there is an overwhelming response in the showroom."
Mr Mak said when faced with slow sales, developers could reduce prices and increase the value of the flats by providing finishes, like marble instead of tiles.
Dennis Wee Group director Chris Koh said: "The government announcements to review the DBSS and EC schemes, and Sim Lian's high prices could cause some to take a step back - and wait and see."
He noted that if Sim Lian decreased its flat prices now, he will be "concerned for those who have already bought."
"And it affects the creditability of the company. So it's not about cutting prices. It is about winning back the confidence of buyers. We may have to wait a while to better gauge the response."
- TODAY (http://www.todayonline.com/)
"Developers shall be punished" :rolleyes:
"Developers shall be punished" :rolleyes:Developers of DBSS shall be punished but developers of many many private condos are still running away like a bull... :scared-4:
devilplate
11-07-11, 01:08
Developers of DBSS shall be punished but developers of many many private condos are still running away like a bull... :scared-4:
New launches oredi toned down in their pricing....manhattan n forestkill trying to defy logic and sales like quite poor....
Hardly got any project 100% sold out liao...last yr best yr for developers....many projects sold out
New launches oredi toned down in their pricing....manhattan n forestkill trying to defy logic and sales like quite poor....
Hardly got any project 100% sold out liao...last yr best yr for developers....many projects sold outAt these record prices, people are still biting the bullet and buying :scared-4:? This bull is just tired from the earlier cheonging and resting awhile but will still cheong after a little rest. Give it some time more and these projects will still be a sell out... :(
Would like to ask a simple question. How would the Tampines DBSS episode affect the prices and demands of other DBSS projects in the country? Can owners of DBSS flats still sell at premium prices?
linchong84
11-07-11, 15:29
Would like to ask a simple question. How would the Tampines DBSS episode affect the prices and demands of other DBSS projects in the country? Can owners of DBSS flats still sell at premium prices?
MOP havent finish how to sell.. Most havent even TOP yet haha.. Eventually when they sell, the price is determined by valuation and COV.. People like it, they will buy, so it's very hard to say one..
devilplate
11-07-11, 16:20
MOP havent finish how to sell.. Most havent even TOP yet haha.. Eventually when they sell, the price is determined by valuation and COV.. People like it, they will buy, so it's very hard to say one..
When tamp premiere dbss gona hit 5yo?
TOP 3yrs ago?
linchong84
11-07-11, 20:32
When tamp premiere dbss gona hit 5yo?
TOP 3yrs ago?
ya around 2-3 years ba..
now DBSS is facing interesting situation.. All the earlier DBSS are either same price or just slightly higher price than their next door resale.. But the latest 2-3 are about 1.5-2 times more exp than their resale neighbours.. So, will they be pulled down by the surrounding resale, or will they create new benchmark in HDB pricing in their estates..
devilplate
11-07-11, 20:44
ya around 2-3 years ba..
now DBSS is facing interesting situation.. All the earlier DBSS are either same price or just slightly higher price than their next door resale.. But the latest 2-3 are about 1.5-2 times more exp than their resale neighbours.. So, will they be pulled down by the surrounding resale, or will they create new benchmark in HDB pricing in their estates..
Cfm pull down when they realise dbss is exactly the same as hdb!
Maybe next time there is a chance for them to be privatized, just like HUDC?
:beats-me-man:
linchong84
11-07-11, 21:05
Maybe next time there is a chance for them to be privatized, just like HUDC?
:beats-me-man:
somehow i feel govt wun be so charity leh.. some sites are really quite good.. eg, boon keng, tpy, amk ones..
Somemore will open up a can of worms.. if govt let DBSS privatised, then those special btos like pinnacle and dawson owners will also demand privatisation.. Then when those premium btos (ie with flooring done up) see the special btos get privatised, they will say they are premium so should privatised too.. Eventually, the standard btos will also say why leave us behind? eventually the whole singapore get privatised then the whole MND can dissolve liao..
linchong84
11-07-11, 21:08
Cfm pull down when they realise dbss is exactly the same as hdb!
It depends how valuation is done.. They will value it at next door resale price meh? doubt it..
Tampines & Bishan Design & Build, the precursor to DBSS, is still waiting for a chance to privatise for over 14 years liao! :D
Maybe next time there is a chance for them to be privatized, just like HUDC?
:beats-me-man:
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