HDB Last DBSS Flats Launched
Friday, 27th April 2012
The Pasir Ris One with 447-unit is the Housing Board’s last privately developed flat under its Design, Build and Sell Scheme (DBSS). There were three- and five-room flats on offer at prices from $490,000 (650 sq. ft.) to $770,000 (1,100 sq. ft.). But unlike a condo, Premiere at Tampines does not have facilities such as a gym, tennis courts or a swimming pool. The first DBSS project was launched in 2006.
The Pasir Ris One project had more than 100 online applications by the end of day one. And there is a constant stream of visitor going to the showroom to look at the models on display. Meanwhile, nearly 30 rival property agents turned up outside the Pasir Ris One site. Stationing themselves around the entrance area to the showroom, they handed out pamphlets to prospective home buyers to promoting a rival development of a new executive condominium Watercolours nearby.
Future land sales concerning the Design, Build and Sell Scheme (DBSS) has been suspended as of 4 July 2011, according to National Development Minister Khaw Boon Wan in response to queries from the public.