Tuesday, March 30, 2010

HDB launches site in Yishun for public tender under DBSS scheme

The Housing and Development Board (HDB) is launching another residential site for public tender under the Design, Build and Sell Scheme (DBSS).

The latest project is located at Yishun Avenue 11 and Yishun Central.

It is near a range of amenities such as educational institutions, a sports stadium and a swimming complex.

Some 700 units are estimated to be on offer when the project is completed.

Under the scheme, the developer tenders for the land and enjoys flexibility in designing, pricing and selling the flats, subject to the relevant legislation and rules to preserve the character of public housing.

Upon completion of the building, the developer will hand over the entire development site to HDB for lease administration, and to the Town Council for maintenance of the common areas.

DBSS flats are sold to buyers with a 99-year lease and under similar HDB eligibility conditions.

Ninety-five per cent of the flat supply for public applicants will be set aside for sale to first-timers.

The tender will close at noon on May 18.

HDB has so far offered a total of 3,653 units of new flats under the Build-to-Order (BTO) programme in the first quarter of this year.

Come April, flat buyers can look forward to another 1,200 BTO flats in Punggol.

These launches are part of HDB’s plans to offer at least 12,000 new BTO flats this year, or more if there is demand.

The new BTO projects will be spread across various locations such as Punggol, Sengkang, Yishun, Jurong West, etc.

HDB said it will continue to monitor the housing demand, and make available more sites for DBSS development in the coming months if there is a need.

Prospective tenderers can contact the Land Sales and Lease Administration Unit in HDB for enquiries relating to the tender for the sale site at Yishun.

They can also e-mail hdblandsales@hdb.gov.sg.

Source: Channel News Asia, 30 Mar 2010

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