Unit prices for DBSS project in Tampines hit record high

[Regulators]

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????????

[jwong71]

wah. Those hdb owners at tampine can huat alrdly lolx!!
Thanks to the DBSS,marketed as high end hdb sia

[proud owner]

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 ..

[wenqing]

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]

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..

[westin]

Yes, check out all the previous dbss....all sold out...when ppl are saying expensive...

[devilplate]

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!!! 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]

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]

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

[wenqing]

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]

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..

[ay123]

Willing buyer willing seller wat, find it too high still got leftover belysa ec

lets see who's the clown

[desquire]

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.

[ay123]

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.

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

[linchong84]

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.

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..

[desquire]

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

This is what the govt means by affordable. Must read between the lines mah.

[desquire]

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.

[ysyap]

Mind you guys the SL guy said price is reasonable, he never say its affordable!!! 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..

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!

So what is going on in the public housing sector??? Anyway, its good news to home owners looking to sell... haut ah!

[linchong84]

Mind you guys the SL guy said price is reasonable, he never say its affordable!!! 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..

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!

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..

[ysyap]

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!!!

[kingkong1984]

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..

[ysyap]

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. At $880k, it is setting records and making heads turn.

[3C]

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

[azeoprop]

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

[Regulators]

$880k more expensive than some condos. Is this dbss project even near to mrt?

[yjcai]

Thats why my friend says it is called DBTT
Design Build TO TAI

[ysyap]

Thats why my friend says it is called DBTT
Design Build TO TAI

We'll soon find out how many people kana tai!

[desquire]

Many people there already. They are expecting a huge flood of crowd thus weekend!!! All set and ready!!!

[Geylang OKT]

Many people there already. They are expecting a huge flood of crowd thus weekend!!! All set and ready!!!

To be what? Carrot head?

[ysyap]

Anybody today nothing to do kapo drive over to check out the crowd then come report in this forum... very interesting to know leh! I'll see if I have the time to go kapo ...