New Clementi DBSS Launch

New DBSS Singapore: New Clementi DBSS Launch

Attached is a list of selected particulars on the new Clementi DBSS launch. This new Clementi DBSS launch will occur as the plot of land has been sold and awarded by HDB on 10 March 2011. The new Clementi DBSS launch details are listed.

New Clementi DBSS Launch Details:


New Clementi DBSS Launch Location: Clementi Avenue 4

New Clementi DBSS Launch Land Area: 21,906 sqm

New Clementi DBSS Launch Lease Term: 103 Years

New Clementi DBSS Launch Max Gross Area: 76,672 sqm

New Clementi DBSS Launch T.O.P / Estimated TOP: 2015

New Clementi DBSS launch Developer: -

New Clementi DBSS launch Site Map, Floor Plan: -

New Clementi DBSS launch Project Name: -

LATEST:

Project Name: Trevilis DBSS Singapore
http://newdbss.blogspot.com/2011/10/trivelis-dbss.html

Note that details of new Clementi DBSS launch may change without notice.

Admin

New DBSS

New Sengkang Fernvale DBSS

New DBSS Singapore: New Sengkang Fernvale DBSS

This HDB DBSS property news update is on a plot of land that will be sold for development of a new Sengkang Fernvale DBSS housing project.

New Sengkang Fernvale DBSS Details:

Date issued by HDB : 07 Jun 2011

Housing & Development Board (HDB) will launch a Design, Build and Sell Scheme (DBSS) housing site at Fernvale Link/ Sengkang West Avenue for sale on 8 June 2011 (Wednesday).

The New Sengkang Fernvale DBSS tender will close at 12 noon on 20 July 2011 (Wednesday).

Details of the New Sengkang Fernvale DBSS site and the tender application procedures are at HDB.


This year (2011), HDB plans to launch enough sites for about 4,000 DBSS flats, an increase from last year’s supply of 3,000 units.

The 4,000 DBSS flats will supplement the 25,000 BTO flats and the 1,000 balance flats to be released this year.

Thus far, two DBSS land parcels yielding a total of 1,230 units have already been sold, in Clementi and Pasir Ris towns respectively.

Details of New Sengkang Fernvale DBSS Site

New Sengkang Fernvale DBSS Location= Fernvale Link/ table_headerSengkang West Avenue (JPG 910KB)

New Sengkang Fernvale DBSS Proposed Development Public Housing

New Sengkang Fernvale DBSS Site Area 22,706 sq m

New Sengkang Fernvale DBSS Max. Allowable GFA [GPR] 79,471 sq m [3.5]

New Sengkang Fernvale DBSS Estimated Dwelling Units 790

New Sengkang Fernvale DBSS Lease Term 103 years (includes a 48-month construction period)

Located within Sengkang Town, the site is served by the Layar LRT Station. A short LRT ride away is the bustling Sengkang Town Centre, which houses the Sengkang MRT/LRT Station, Sengkang Bus Interchange, Compass Point Shopping Centre, Kopitiam Square (market & food centre) and the Sengkang Community Hub.

Adding more buzz to the shopping scene are nearby commercial facilities like Fernvale Point, Rivervale Mall and Rivervale Plaza. Established schools include Nan Chiau High and CHIJ St. Joseph’s Convent, while the nearest schools namely Pei Hwa Secondary School and Fernvale Primary School are just a short walk away.

Note that details of new New Sengkang Fernvale DBSS launch may change without notice.

Admin

New DBSS

Minister of National Development Corrects BT Article About DBSS Profits

New DBSS Singapore: Minister of National Development Corrects BT Article About DBSS Profits

This post was written by Minister Khaw Boon Wan in his MND Singapore wordpress Housing Matters site recently in July 2 in response to Business Times article "Profit margins for DBSS developers ‘look high’ ” (Jun 30).

Source:
http://mndsingapore.wordpress.com/2011/07/02/startling-but-false/

Startling But False
July 2, 2011

I was startled when I read the front page article in the Business Times “Profit margins for DBSS developers ‘look high’ ” (Jun 30). It alleged that the DBSS developer’s profit margin for Centrale 8 was 76%, even after it had reduced its highest selling price by over $100,000.

I thought it could not be right and had it checked. Sure enough, the article was fraught with serious errors.

For example, it quoted a land price of $82,222,000 and a maximum GFA of 721,188 square feet for the project. Both figures were wrong. The correct figures were respectively $178,128,000 and 682,385 square feet. This was a huge difference of almost $100 million. The errors led to a gross over-estimation by BT of the developer’s profit and gross profit margin.

Based on these figures alone, the profit margin would have been 26%, not 76%.

But even the reduced figure was wrong, as the article had excluded key cost items such as financing, marketing and administrative costs. These are significant costs and when included, would have further lowered the profit margin for all the DBSS projects listed in the article.

I have been in MND for 5 weeks, and not sleeping well. I am working my guts out to try to calm the market, for the good of all Singaporeans.

But I can’t do it alone. I need all to help.

HDB architects are working round the clock to ramp up BTO supply. Contractors are building up capacity to deliver the flats on time. HDB is setting BTO prices carefully to help guide the market.

I hope our media can do their part too. There is some panic buying out there, by people worried that prices will continue to rise. Sensationalised articles will merely feed the frenzy.

If only BT had verified the facts, the misleading article could have been avoided. Please help to circulate this blog to your friends.

Admin

New DBSS

New Jurong West DBSS

New DBSS Singapore : New Jurong West DBSS

More information on new Jurong West DBSS is released in this 2011 residential property update on the HDB Design, Build, Sell, Scheme.

A plot of land for new Jurong West DBSS was sold on 10 Jan 2011.

New Jurong West DBSS Details:

New Jurong West DBSS Location: Yuan Ching Road, Singapore

New Jurong West DBSS Land Area: 21,199 sqm

New Jurong West DBSS Lease Term: 103 Years

New Jurong West DBSS T.O.P. / Estimated TOP: Jan 2015

New Jurong West DBSS Developer: -

New Jurong West DBSS Project Name: -

New Jurong West DBSS Site Map, Floor Plam: -

New Jurong West DBSS Sales Price / Indicative Price: -

Note that details of new Jurong West DBSS launch may change without notice.

Admin

New DBSS