Friday, June 27, 2008

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HDB launch DBSS at Toa Payoh - Compare City View@Boon Keng

Well, even if property prices haven't yet plunged, at least you can look forward to more choices as you wait. Consultants think that this Toa Payoh DBSS is unlikely to be priced above that of City View@Boon Keng which until today still have substantial unsold units despite being grossly over-subscribed at its launch.

Here are the reports:
HDB to launch new site at Toa Payoh for tender under DBSS
(Channel NewsAisa - 26 Jun 2008)
The site, located at Lorong 1A Toa Payoh, will be the sixth site to be offered under the scheme.

6th Design, Build and Sell site up for sale in Toa Payoh
(Business Times - 27 Jun 2008)
30% of units built must be equivalent to 4-room or smaller HDB flats
Consultants agree that the launch price of the development is not likely to be more than that of the recently launched City View @ Boon Keng, a DBSS site awarded in May for $233.74 psf ppr.

May also want to read:

History of Singapore Property 1960 to 2008

Buy or Not Buy: How to decide amid mixed market signals

Good Property Investment Strategy: HDB as Entry-Property


Anonymous said...

Hi I hold a 4 room HDB flat in St George's Street, opp to Bendemeer school. Now am living in Australia. Is it good time to sell it? My husband is interested in selling the flat. but am not sure because of the economic situation. Help me please. Thank you.

Smart Buyer said...

Economic situation here is getting from bad to worse. But HDB resale flat price Index(HDB RPI) has been going higher and higher (To a blog search if you'd like to find out why.)

The current HDB RPI is at its historical peak. You'll ve to decide if you want to sell at the current peak or bet that it'll go higher. It's really anybody's guess if HDB RPI will go still higher.

Best wishes.

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