Trivelis oversubscribed by 3 times

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Trivelis, a new Design, Build and Sell Scheme (DBSS) project in Clementi, has received a total of 2,877 applications as of Monday, according to a report in The Straits Times.

Located along Clementi Avenue 4, Trivelis is the first DBSS project in the area, comprising 888 three-, four- and five-room flats in three 40-storey towers.

The report said the developer, EL Development, is selling the flats at S$650 psf, which means that three-room units cost between S$375,000 and S$470,000, four-room flats range from S$530,000 to $650,000 and five-room flats cost from S$658,000 to S$770,000.

Some analysts believe that most DBSS buyers have a monthly income of about S$10,000 and are snapping up units in such developments due to their location and facilities, which will help increase resale values in future.

Diana Lim, a human resources officer who applied for a four-room unit at Trivelis, cited proximity to Clementi MRT station and better fittings as the main reasons for selecting a flat there.

“The other thing is that the prices are comparable to current resale-flat prices, and we don't have to fork out cash over valuation,” she added.

For more information about Trivelis, please click here.

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