Pasir Ris One DBSS project to be launched

Pasir Ris One DBSS project to be launched

The latest public housing project to be sold under the Design, Build and Sell Scheme (DBSS) will be launched on Friday, April 27.

Pasir Ris One is also widely believed to be the last DBSS development, following the government’s move to suspend land sales for such projects last year.

The 447-unit development, located at Pasir Ris Central next to the MRT station, comprises 3-room to 5-room units.

A 3-room flat with a floor area of 65 square metres has an indicative price of between S$390,000 and S$490,000, while a 4-room unit will be selling for S$550,000 to S$670,000.

A 105-square-metre 5-room flat has an indicative price of between S$650,000 and S$770,000.

The development has an overall indicative price S$637 per square foot, said developer SingXpress Land.

Pasir Ris One is a joint development by SGX-listed SingXpress Land and Kay Lim Holdings.

Market watchers said they expect the project to draw a fairly strong demand from home buyers, due to its location and better finishing and designs.

Property experts said DBSS projects might no longer be relevant, as home buyers looking for more than a BTO flat also have the option of Executive Condominiums, which have facilities such as a swimming pool.

Source : Channel NewsAsia – 26 Apr 2012