2,300 DBSS flats in pipeline

Flat buyers can look forward to more public housing choices under the Design, Build and Sell Scheme (DBSS).

The Housing and Development Board (HDB) on Monday awarded a tender for a site that could yield about 700 DBSS flats in Yishun to Guthrie (DBP) and SK Land for S$148.9 million.

HDB will tender another three new DBSS sites later this year that could yield about 1,600 flats in Tampines, Bedok Reservoir and Upper Serangoon.

The first site will be launched for sale next month, while the other two will be rolled out in the second half of the year. The combined estimated yield from these three sites is 1,590 units.

The total of 2,300 DBSS flats in the pipeline will further supplement the Build-To-Order (BTO) system, which is the main supply of new HDB flats.

DBSS flats are developed and sold by private developers. They have a 99-year lease and are sold under similar HDB eligibility conditions.

Ninety-five percent of the flat supply for applicants will be set aside for first-timers.

Source : Channel NewsAsia – 24 May 2010

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