More than 1,000 DBSS flats remain unsold

More than 1,000 DBSS flats remain unsold

At least 1,000 units from the Design, Build and Sell Scheme (DBSS) have been left unsold in the past year, TheStraits Times (ST) reported today.

According to the paper, the sale of DBSS flats could be affected by new Build-to-order (BTO) flats, which also comes with a monthly income limit of $10,000.

DBSS flats like those in Paris Ris One and Parkland Residences in Serangoon have met with modest sales thus far, with only 25 per cent and 71 per cent sold respectively.

The DBSS scheme was suspended for review in July 2011 after the developer of Sim Lian Group, set indicative prices of $880,000 for five-room flats in the Central 8 project.

Trivelis in Clementi has been 90 per cent sold and Belvia in Bedok is 82 per cent sold.

Last week, the Ministry of National Development (MND) said that it would not rush the review of DBSS flats as its priority was set on the supply of BTO flats and executive condominiums (ECs).

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