New DBSS project at Clementi launching tomorrow

Trivelis, a new 888-unit Design, Build and Sell Scheme (DBSS) project at Clementi Ave 4, will be launched tomorrow by EL Development.

The three 40-storey towers comprise three- to five-room flats with sizes ranging from 646 sq ft (three-room) to 1,130 sq ft (five-room).

More than half of the flats are four-room units.

Indicative prices range from S$375,000 to S$470,000 for a three-room flat, S$530,000 to S$650,000 for a four-room flat and S$658,000 to S$770,000 for a five-room flat.

EL Development said the average cost per unit is approximately S$650 psf.

Nicholas Mak, Research Head at SLP International, noted that the indicative price of the project is higher than that of resale flats in the area.

The average price of a resale flat in Clementi is approximately S$500,000, while a five-room resale flat costs around S$630,000, he said.

Based on this, the average price of a three-room unit at the project will range from S$580 psf to S$727 psf, while a five-room unit will cost between S$582 psf and S$681 psf on average.

However, there are important selling points for Trivelis, including the strategic location of the project. It is situated near the MRT station and is within close proximity to the National University of Singapore, Singapore Polytechnic and Ngee Ann Polytechnic.

“The project has a slightly higher pricing because of its superior location and lack of competitors in the area,” said Mak.

“Also, demand from the HDB market at the moment is still quite strong. I guess DBSS developers are taking the opportunity to capitalise on that.”

Meanwhile, e-applications for Trivelis will begin tomorrow and end on 31 October 2011.

For more information about Trivelis, please click here.

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