Why is DBSS discontinued?
About the Design, Build and Sell Scheme The DBSS was suspended in 2011 after a public outcry over high indicative price tags for units at Centrale 8 in Tampines. The developer had given an initial price of $880,000 for a five-room unit, which was later lowered to $778,000.
Is DBSS still available?
DBSS flats, on the other hand, was a type of flat from HDB introduced in 2005 but discontinued in 2011. While these flats were sold by HDB, they were built by private developers.
Is DBSS considered HDB?
A new Design, Build and Sell Scheme (DBSS) flat is offered for sale under similar eligibility conditions as those of a new HDB flat. However, you buy the flat directly from the developer, not from us.
Does DBSS have swimming pool?
The design, finishing and quality of the apartment unit would be improved than that of a typical HDB flat. However, DBSS units do not come equipped with: a swimming pool, gym, and the other facilities that normal condos typically enjoy.
Is it worth buying a DBSS?
If you’d bought your DBSS flat brand new at a subsidised price and with HDB grants, you can definitely enjoy a tidy profit when you resell it – as with any brand new HDB flat. But you also paid more for it, compared to a regular BTO flat.
Can a single buy DBSS?
Hi Elizabeth, sadly you are not allowed to purchase brand new ECs or DBSS as a single, as you do not form a family nucleus or unit. However the door is not closed for Singles to purchase it in the secondary or open market.
How do I get a DBSS?
You can’t buy DBSS flats from HDB anymore, but you can find them on the resale market (more on that below). Although DBSS flats are priced at a premium, there are a handful of affordable ones too. The million-dollar ones are usually located in the city fringe areas, or popular estates like Bishan.
Is DBSS flat worth buying?
Can DBSS be Privatised?
For new DBSS, it is not private property but rather a category of “premium HDB”, treated same as all other hdb flats and will not be privatized. In any case, DBSS scheme has been shelved already hence theres limited units to pursue.
Why is DBSS so expensive?
The high prices of DBSS flats are mainly paid for units with excellent, exceptional attributes. For Natura Loft, it is very well located in Bishan where 5-room flats are commonly sold at above $850,000. Moreover, the higher the unit is located, the higher is the transacted price.
Why is DBSS more expensive?
So what makes it “premium”? Well, DBSS incorporates premium designs and layouts which makes it look more luxurious than that of a regular HDB. For example, unlike regular HDBs that have standard layouts, within a DBSS flat, you can expect features like balconies, study areas, floor to ceiling windows, etc.
Do you pay resale levy for DBSS?
More FAQs Related to HDB Resale Levy You will not need to pay a resale levy if sell your subsidised flat to buy a Design, Build and Sell Scheme (DBSS) flat from a developer, an HDB resale flat, or private residential property.