Results 1 to 3 of 3

Thread: High prices for DBSS units in Ang Mo Kio

  1. #1
    Join Date
    Oct 2011
    Posts
    10,829

    Default High prices for DBSS units in Ang Mo Kio

    http://www.straitstimes.com/singapor...-in-ang-mo-kio

    High prices for DBSS units in Ang Mo Kio

    Oct 1, 2016

    Three apartments at Park Central sell for between $780,000 and $980,000

    Janice Heng


    Three units at premium public housing project Park Central @ Ang Mo Kio have been resold, with the priciest going for $980,000 - at least 40 per cent more than it originally cost.

    The deals were closed last month, and were for five-room units at the Design, Build and Sell Scheme (DBSS) development.

    Experts said the central location near Ang Mo Kio MRT could have contributed to their premium.

    Units at Park Central, developed by United Engineers, started meeting the five-year minimum occupation period in July.

    One 112 sq m unit on the 14th floor fetched $780,000. Another one of the same size, on the 27th floor, went for $905,000.

    Fetching the highest price so far of $980,000 was a 120 sq m unit around the 28th to 30th storeys.

    When launched for sale in 2008, five-room units at Park Central went for about $600,000 to $700,000.

    The four-room units sold for about $400,000 to $500,000.

    OrangeTee research manager Wong Xian Yang noted that Ang Mo Kio flats command good prices.

    Housing Board flats in Ang Mo Kio Avenue 1, for instance, fetched up to $880,000 recently. "So, Park Central transacted prices are not out of the norm," he said.

    Park Central is among several DBSS developments which became eligible for resale this year.

    The scheme, which was suspended in 2011 after public unhappiness over the prices, engaged private developers to provide public housing that would resemble private condominiums and offer some of their features.

    The Premiere @ Tampines was the first to be eligible for resale in 2014, followed by City View @ Boon Keng in January this year.

    Park Central, Parc Lumiere in Simei and Natura Loft in Bishan have also become eligible for resale.

    One City View unit went for $1.1 million, and at Parc Lumiere, the most expensive sold for $738,000.

    SLP International Property Consultants head of research Nicholas Mak suggested that in the next five to 10 years, DBSS units may start to lose a bit of their shine.

    "Right now, DBSS flats look good, look different. But over time, as more HDB flats come with private condo-like facades, DBSS flats are not going to stand out anymore."

  2. #2
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default

    Not High Price, it is the Market value.

    Willing buyer, willing seller.

  3. #3
    Join Date
    Jun 2013
    Posts
    273

    Default

    Or Less value for the same Dollars.

Similar Threads

  1. First DBSS flats go on resale market asking price as high as $780k!
    By star in forum HDB, EC, commercial and industrial property discussion
    Replies: 58
    -: 31-03-14, 13:44
  2. Unit prices for DBSS project in Tampines hit record high
    By land118 in forum HDB, EC, commercial and industrial property discussion
    Replies: 166
    -: 11-07-11, 23:41
  3. Profit margins for DBSS developers 'look high'
    By minority in forum HDB, EC, commercial and industrial property discussion
    Replies: 167
    -: 10-07-11, 02:20
  4. Prices slashed after DBSS flats uproar
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 1
    -: 23-06-11, 12:08
  5. 3 HDB DBSS sites to yield 1,590 units
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 1
    -: 25-05-10, 19:52

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •