HDB withdraws sale tender for DBSS site at Sengkang

As part of the Ministry of National Development's (MND) move to halt all future DBSS land sales pending its review, the Housing and Development Board (HDB) has withdrawn the tender for a Design, Build and Sell Scheme (DBSS) site in Sengkang, which was due to close on 20 July.

HDB also reiterated that no new DBSS sites will be launched for sale until the review is complete.

Under the scheme, developers bid for land sites and enjoy flexibility in designing, selling and pricing the flats. DBSS flats comprise less than one percent of the entire HDB flat supply. However, they came under fire recently after Sim Lian Group, the developer of the Centrale 8 DBSS project, set an asking price of around S$880,000 for a five-room flat in the project.

The indicative price caused public outrage, and MND later said that it will be reviewing the scheme as part of an overall review of the housing policy.

To contact the journalist, you may send your message to editor@propertyguru.com.sg